Page 1531 - Company News

Genesis, IGL to invest Rs 110 cr to set up meter manufacturing plant

Genesis, an arm of Vikas Lifecare Limited (VLF), has inked a pact with Indraprastha Gas Limited (IGL) to set up a meter manufacturing plant at an estimated cost of Rs 110 crore

From board permanency to audits, India Inc lags in corp governance: IiAS

Under proposed Sebi norms, firms must get shareholder nod at least once in 5 yrs for each board seat so that promoters aren't able to retain control after losing dominant shareholding

Asus to challenge top position in Indian consumer notebook segment in 2023

the company plans to scale up exclusive stores in India to 300 by the end of 2023 from 200 at present as well as expand other formats of retail stores in a bid to reach consumers

Vedanta may buy 6% more stake in Hindustan Zinc for Rs 7,900 cr

Govt planning OFS to sell 15% stake by March-end, will lose special rights over company; sources says Vedanta is looking raise about $1 billion from three foreign banks to fund the acquisition

Adani Group pre-pays over $900 million worth share-backed financing

Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation

upGrad subsidiary 'Campus' lays off 30% workforce due to lack of VC funding

According to leading startup covering portal Entrackr, citing sources, a lack of VC funding has caused layoffs in the startup ecosystem, affecting especially late-stage organisations

GQG founder to meet Australian investors after $1.9 bn Adani investment

GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout

PM asks India Inc to step up investment, take advantage of opportunities

The prime minister further said as opposed to the past, the tax burden has come down significantly in India due to GST, reduction in income tax and corporate tax

Foxconn Technology eyes second chip plant in India, sans govt incentive

First unit, by Vedanta-Foxconn JV, under PLI scheme

India housing market to remain resilient despite higher rates: Poll

A major source of employment in a country of 1.4 billion people where a majority are unskilled, the Indian housing market is likely to remain a stable contributor to economic activity in India

Top headlines: Foxconn eyes second plant, Son invites start-up founders

Business Standard brings you the top headlines at this hour

Reliance Capital lenders seek Rs 8k-crore upfront cash for second auction

Minimum bid amount fixed at Rs 9,500 crore

Hindustan Power Exchange trade crosses 2.5 bn unit mark in 8 months

HPX was able to cross this landmark with a rapid increase in trade volume across contingency, weekly, monthly, and Long Duration Contracts (LDC) segments, it explained

Airbus receives order for two advanced ACH160 helicopters in India

Airbus on Monday said it has received an order for two advanced ACH160 helicopters in India

Sun Pharma completes acquisition of US-based Concert Pharmaceuticals

Concert is a late-stage biotechnology company pioneering the use of deuterium in medicinal chemistry

HCLTech to explore industrial-scale quantum applications for enterprises

HCLTech Q-Labs, which incubates early-stage research programs, is now a part of the Azure Quantum Network, the ecosystem of quantum innovators and pioneers

Adani largest Indian investor in Australia, no impact on business: Envoy

Australian High Commissioner Barry O'Farrell on Monday said the Adani Group has successful businesses and continues to be the largest investor from India in Australia.

ZEE settles dispute with IPRS, insolvency petition withdraw by artist body

Though ZEEL has not shared the terms and conditions of settlement but said it is "as per the settlement agreement entered into by the Company and IPRS

Reliance said to tap McLaren's Hitesh Sethia as Jio Financial CEO

Sethia joined McLaren as its head of Europe in June last year and has been based in Frankfurt, according to his LinkedIn profile

Mahanagar Gas' Unison Enviro acquisition lights up its growth prospects

Tailwinds for the industry in the form of decline in gas prices are also near-term positive