Page 1549 - Company News
Maruti will have six EVs by 2030, working to bring down battery costs
Senior exec says cost of acquisition is a key factor impeding EV adoption in India
 "Maruti will have six EVs by 2030, working to bring down battery costs")
Bullet train is national project, says SC declining Godrej's plea
The top court said if any application for enhancement of compensation is filed, it should be decided within six weeks
 "Bullet train is national project, says SC declining Godrej's plea")
Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%
Speaking on the overall performance, the management said that the company's performance in FY22 and 9MFY23 reflected deep commitment to customers
 "Fullerton India's total disbursals jump 41% in 9MFY23, AUM rises 34%")
NCLAT stays insolvency proceedings against Zee; final hearing on March 29
The move came after Punit Goenka, chief executive of Zee, challenged the insolvency proceedings against the company
 "NCLAT stays insolvency proceedings against Zee; final hearing on March 29")
Merger with Sony will get stuck on insolvency proceedings, says ZEEL
The comments came as Zee's chief executive, Punit Goenka, on Thursday said in a statement that he expected a timely completion of a merger between Zee and Sony
Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report
A McKinsey analysis has revealed that the wealth pool of this group is projected to hit $4.7 trillion by 2026, up from $2.7 trillion in 2021, thanks to the rise in their incomes
 "Wealth of prosperous Asians to reach $4.7 trillion by 2026: McKinsey report")
Adani Total to start operations at LNG terminal in Dhamra by mid-June
Adani Total Private Ltd will receive its first LNG cargo at the Dhamra terminal on India's east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment
 "Adani Total to start operations at LNG terminal in Dhamra by mid-June")
LIC's investment in Adani Group stocks now stands close to cost: Report
On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore
 "LIC's investment in Adani Group stocks now stands close to cost: Report")
Zee Entertainment insolvency: NCLAT to hear Punit Goenka's appeal today
Goenka had appealed the NCLT's decision to allow IndusInd Bank to file for insolvency proceedings against Zee
 "Zee Entertainment insolvency: NCLAT to hear Punit Goenka's appeal today")
Huge opportunity for other Indian retail brands in America: Tanishq
Before entering the US market, Tanishq spent two years in studying the North American jewelry market which is considered to be $60 billion and that within the Indian Americans is $3 billion
 "Huge opportunity for other Indian retail brands in America: Tanishq")
Alstom, Hyderabad-based Medha Servo Drives in race for Vande Bharat tender
The technical bids were opened on Thursday and financial bids are expected to be invited soon
 "Alstom, Hyderabad-based Medha Servo Drives in race for Vande Bharat tender")
Adani Power promised to supply power in reduced price to Bangladesh: Report
India's Adani Power on Thursday promised to supply electricity to Bangladesh at a reduced price keeping consistent with the generation cost in the country's existing coal-fired plants
 "Adani Power promised to supply power in reduced price to Bangladesh: Report")
Facebook-parent Meta planning more layoffs, to impact thousands: Report
Last year, the social media giant said it will let go of 13% of its workforce, or more than 11,000 employees, as it grappled with soaring costs and a weak advertising market
 "Facebook-parent Meta planning more layoffs, to impact thousands: Report")
No link between use of ranitidine and cancer risk: Nature study
Ranitidine has been in existence for over four decades and has been on the WHO list of essential medicines for several years
 "No link between use of ranitidine and cancer risk: Nature study")
Half of Indian firms may offer double-digit salary hikes in 2023
Pay expected to increase 10.3% on average in 2023: Aon survey
 "Half of Indian firms may offer double-digit salary hikes in 2023")
No plans to shut down WhiteHat Jr, merely optimising it: Byju's
Last year, Byju's laid off about 600 employees at its group companies - WhiteHat Jr and Toppr
 "No plans to shut down WhiteHat Jr, merely optimising it: Byju's")
Despite NCLT setback, analysts remain positive on Zee Entertainment
Their sum-of-the-parts valuations ranges between Rs 275 and Rs 390, which indicates uncertainty
NSE removes Zee Entertainment from F&O segment post insolvency fallout
"No fresh month contracts will be issued on the expiration of February 2023 contracts," the exchange says in a circular
Zee Entertainment insolvency: CEO Punit Goenka moves NCLAT for relief
The admission of insolvency proceedings against Zee, say lawyers, will delay the company's proposed merger with Sony
 "Zee Entertainment insolvency: CEO Punit Goenka moves NCLAT for relief")
Tata team arrives for inspection after BEST took 400 CNG buses off road
BEST on Thursday said nearly 400 CNG-run buses which were taken off roads after 3 recent incidents of fire will be back in service only after a written assurance of safety is received from Tata Motors
 "Tata team arrives for inspection after BEST took 400 CNG buses off road")