Page 1521 - Company News
Resilience to global macro-economic headwinds makes India key focus market
India's resilience to global macro-economic headwinds has made it a key focus market for Nokia brand mobile phone maker HMD Global, a senior company official said here
 "Resilience to global macro-economic headwinds makes India key focus market")
Had meeting with Adanis, happy about it: LIC chairman M R Kumar
LIC's exposure to the Adani group has been under scrutiny since the report by the US-based shortseller became public
 "Had meeting with Adanis, happy about it: LIC chairman M R Kumar")
Uzbek cough syrup deaths: Process to cancel Marion Biotech's license on
The process has been initiated for cancellation of the drug license of pharmaceutical firm Marion Biotech, which is allegedly linked with the death of 18 children in Uzbekistan
 "Uzbek cough syrup deaths: Process to cancel Marion Biotech's license on")
Ramkrishna Forgings plans to setup 85 MW solar capacity: CFO Lalit Khetan
Ramkrishna Forgings is planning multi-crore investments to set up around 85 mega watt (MW) renewable energy capacity, company CFO Lalit Khetan has said
 "Ramkrishna Forgings plans to setup 85 MW solar capacity: CFO Lalit Khetan")
Adani has $2 bn foreign-currency bonds coming up for repayment in 2024
The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost $2 billion worth of foreign-currency bonds coming up for repayment in 2024
 "Adani has $2 bn foreign-currency bonds coming up for repayment in 2024")
Nissan plans to develop left-hand drive 'Magnite'; to step up exports
Nissan launched the Magnite in December 2020 and since then has logged in bookings of about 100,000
 "Nissan plans to develop left-hand drive 'Magnite'; to step up exports")
Berger's largest plant to enhance profit margins in company's 100th year
The new plant has an installed capacity of 33,000 KL/MT per month, with 15,000 KL/MT of water-based paint and 4,800 KL/MT of solvent-based paint, apart from construction chemicals and putty
 "Berger's largest plant to enhance profit margins in company's 100th year")
FMCG, dairy firms betting on strong double-digit sales growth in summer
Demand for ice creams and cold beverages like Cola have surged because of the onset of early summer and sales are likely to grow in strong double-digits this season
 "FMCG, dairy firms betting on strong double-digit sales growth in summer")
Nippon Paint to tap Rs 12,500-cr construction chemicals market division
With this expansion, Nippon Paint said it also has plans to increase the dealer touch points by 50 per cent
 "Nippon Paint to tap Rs 12,500-cr construction chemicals market division")
Germany's flag carrier Lufthansa registers profits after Covid slump
After two consecutive years of losses, Germany's flag carrier Lufthansa said that it had once again made a profit in 2022, as international air traffic recovered from the Covid-19 pandemic.
 "Germany's flag carrier Lufthansa registers profits after Covid slump")
Foxconn seeks cooperation with India in new areas like EVs, chips
Major Apple Inc supplier Foxconn said on Saturday it was seeking cooperation in India in new areas like chips and electric vehicles (EVs) after a visit to the country by its chairman, Liu Young-way
 "Foxconn seeks cooperation with India in new areas like EVs, chips")
Top headlines: India Inc commits Rs 11.87 trn to AP, RBI fines Amazon Pay
Business Standard brings you top headlines at this hour
 "Top headlines: India Inc commits Rs 11.87 trn to AP, RBI fines Amazon Pay")
HAL showcases products at 'Advantage Andhra Pradesh 2023 Exhibition'
HAL has showcased wide range of products ranging from Aircraft to miniature sized components. The stall is categorized in two categories 'Success Stories' and 'Business Opportunity' for AP
 "HAL showcases products at 'Advantage Andhra Pradesh 2023 Exhibition'")
IndiGo gets aviation ministry's nod to wet lease planes for US, Canada ops
Under the wet lease arrangement, planes are leased along with the operating crew and engineers
 "IndiGo gets aviation ministry's nod to wet lease planes for US, Canada ops")
Three workers of Marion Biotech held in Uzbekistan syrup death case
Police said the directors of the company are at large and a search is underway to apprehend them
British Scotch companies seek safeguard against excise duty hikes
The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes
 "British Scotch companies seek safeguard against excise duty hikes")
Uncertainty in Nigeria affects Indian auto, pharma, and consumer firms
Nigeria is a major destination for Indian pharmaceutical companies, especially mid-sized ones
 "Uncertainty in Nigeria affects Indian auto, pharma, and consumer firms")
No sanction for attachment of DMRC's operational assets: Centre to Delhi HC
The court also said that the Court won't consider DMRC's future liabilities/provisions
 "No sanction for attachment of DMRC's operational assets: Centre to Delhi HC")
Big shift from China: Foxconn commits $700 mn for new plant in Karnataka
Foxconn group is looking at a three-seater box electric car for the Asian market including India
 "Big shift from China: Foxconn commits $700 mn for new plant in Karnataka")
Valuation comfort remains with PSU banks despite sharp gains
The entire sector has beaten the Nifty (up 6 per cent in the same period) comfortably - the Bank Nifty, which includes both private and PSU banks, is up 16.6 per cent
 "Valuation comfort remains with PSU banks despite sharp gains")