Page 1526 - Company News
Olectra Greentech's India's first e-tipper receives roadworthiness nod
We are shortly going to launch variants of the e-tipper and electric truck. It is just the beginning of our journey, Olectra Greentech chairman and managing director K V Pradeep said
 "Olectra Greentech's India's first e-tipper receives roadworthiness nod")
Hero MotoCorp sales increases by 10% in February at 3,94,460 units
Exports, however, dipped to 12,143 units from 26,792 units in the year-ago period
 "Hero MotoCorp sales increases by 10% in February at 3,94,460 units")
Honda Cars reports 15% decline in sales at 6,086 units in February
Exports declined to 973 units last month as compared with 2,337 units in the year-ago period
 "Honda Cars reports 15% decline in sales at 6,086 units in February")
Adani Group denies report of securing $3 bn loan from sovereign fund
Meanwhile, all ten group stocks had gains on Wednesday, the first time since the Hindenburg report was released in January
 "Adani Group denies report of securing $3 bn loan from sovereign fund")
Why streaming video players need to make some housekeeping changes
A new study by Accenture emphasises the need for aggregation in online entertainment
 "Why streaming video players need to make some housekeeping changes")
Adani Group secures $3 bn credit from sovereign wealth fund: Report
Adani Group has told creditors it has secured $3 bn loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns
Adani Group secures $3 bn credit from sovereign wealth fund: Sources
The identity of the sovereign wealth fund was not disclosed in the memo. A third person familiar with the matter said Adani's management told investors it was from the Middle East
Philanthropy by India's super rich falls by a third in FY22, says report
The dramatic fall was because contributions by the Azim Premji Foundation dropped by Rs 9,000 cr
 "Philanthropy by India's super rich falls by a third in FY22, says report")
Softbank arm SVF Doorbell sells 3.8% stake in Delhivery to raise Rs 954 cr
Delhivery had come out with a Rs 5,235 crore IPO in May 2022
 "Softbank arm SVF Doorbell sells 3.8% stake in Delhivery to raise Rs 954 cr")
Tech industry one of the most spoilt in the mode of work: Rishad Premji
Indian IT companies are facing challenges in re-establishing the work-from-office model of pre-pandemic times
 "Tech industry one of the most spoilt in the mode of work: Rishad Premji")
Bajaj Finserv gets Sebi's approval to foray into mutual fund business
Ganesh Mohan named CEO, Nimesh Chandan to head investment team
 "Bajaj Finserv gets Sebi's approval to foray into mutual fund business")
Automaker General Motors lays off 500 workers to cut costs: Report
Automaker General Motors is laying off hundreds of workers as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits, the media reported
 "Automaker General Motors lays off 500 workers to cut costs: Report")
Suzuki Motorcycle launches scooters compliant with latest emission norms
Suzuki Motorcycle India on Wednesday said it has launched a range of scooters, which conform with the upcoming stricter emission norms, priced between Rs 79,400 to Rs 97,000 (ex-showroom Delhi)
 "Suzuki Motorcycle launches scooters compliant with latest emission norms")
NMDC iron ore output grows 4% at 4.48 mn tonnes in Feb, sales drop 4.78%
NMDC, under the Ministry of Steel, is India's largest iron ore producer contributing nearly 17 per cent to the country's total iron ore production
 "NMDC iron ore output grows 4% at 4.48 mn tonnes in Feb, sales drop 4.78%")
Akasa Air completes 6 months of operations; flies over 1mn passengers
The airline has flown a total of 0.5 million passengers from the city, which contributes to 70 per cent of the total number of passengers flown across its network to date
 "Akasa Air completes 6 months of operations; flies over 1mn passengers")
Prop-tech startup NoBroker raises $5 mn from Google in extended Series E
With this, Google joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures; tech giant will also collaborate with NoBroker to enhance overall user experience
 "Prop-tech startup NoBroker raises $5 mn from Google in extended Series E")
S&P affirms Adani International Container Terminal's issue rating at 'BBB-'
S&P said AICTPL's debt is fully secured and has cash flow waterfalls that prioritise operating expenditure and debt service over distributions
 "S&P affirms Adani International Container Terminal's issue rating at 'BBB-'")
Twitter services resume after global outage hits thousands of users
Microblogging site Twitter faced an outage on Wednesday with several users, including those in India, reporting issues with refreshing their newsfeeds or posting new content on the website
 "Twitter services resume after global outage hits thousands of users")
Bajaj Finserv gets regulatory license to start mutual fund business
Bajaj Finserv MF aims to create a tech-driven, multi-channel approach to serve investors across various touchpoints and geographies in order to build a future-ready asset management company
TVS Motor records 1.97% decline in sales at 276,150 units in February
Sales of motorcycles dropped to 1,26,243 units in February 2023 as compared to 1,43,523 units recorded in the same month of last year
 "TVS Motor records 1.97% decline in sales at 276,150 units in February")