Page 1553 - Company News
Why seek hearing of 2019 case against Adani now: High Court to SFIO
A petition was filed by Adani Enterprises in 2019 seeking to quash a sessions court order of the same year refusing to discharge the company
 "Why seek hearing of 2019 case against Adani now: High Court to SFIO")
Amazon closes $3.9 billion acquisition of health company One Medical
Amazon said Wednesday it has closed its $3.9 billion acquisition of the primary care organization One Medical
 "Amazon closes $3.9 billion acquisition of health company One Medical")
Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra
Orient Cement entered into a MoU on September 24, 2021 with Adani Power Maharashtra Ltd (APML)
 "Orient Cement terminates MoU with Adani Power to set up unit in Maharashtra")
NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment
The company is currently undergoing a merger with the Sony India which is pending with the regulatory authorities and the court
 "NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment")
Bill Gates buys minority stake in Heineken Holding NV for $902 million
Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world's second-largest brewer, for about $902 million
 "Bill Gates buys minority stake in Heineken Holding NV for $902 million")
Investors should remain upbeat on cement sector; price hike is a positive
Consider companies that can grow their market share and lower cost per tonne
 "Investors should remain upbeat on cement sector; price hike is a positive")
Delhi court sends notice to Dunzo for sexual harassment by delivery agent
Delhi's Consumer Disputes Redressal Commission issued notice to delivery company Dunzo for alleged sexual harassment by its delivery partner, who showed up drunk at a woman's address
 "Delhi court sends notice to Dunzo for sexual harassment by delivery agent")
Some relief for Khaitans as McLeod Russel gets interim stay in CIRP
Meanwhile, even as the appeal process is being pursued in NCLAT, the Khaitans are understood to be engaging with IL&FS for a settlement
 "Some relief for Khaitans as McLeod Russel gets interim stay in CIRP")
IBS Software acquires Accenture Freight & Logistics team for unknown sum
Deal will boost IBS leadership as a tech provider to airfreight industry, is a strategic step towards helping establish the acquirer as an end-to-end player in global freight supply chain
 "IBS Software acquires Accenture Freight & Logistics team for unknown sum")
Former Ranbaxy, DRL exec Rajeev Raghuvanshi appointed as new DCGI
Appointment comes at a time when India's pharma regulatory landscape is under the scanner
 "Former Ranbaxy, DRL exec Rajeev Raghuvanshi appointed as new DCGI")
Indian firms to generate 49% of revenue from digital infra by 2027: Report
Indian organisations are expected to generate as much as 49 per cent of the revenue from digitally connected products, services, and customer experiences by 2027, a report showed on Wednesday
 "Indian firms to generate 49% of revenue from digital infra by 2027: Report")
Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life
"This underscores the confidence which the market has placed on the prudent capital and liquidity management plan for the group," a company spokesperson said
 "Adani Ports repays Rs 1,500 cr to SBI Mutual Fund, Aditya Birla Sun Life")
Vodafone inks new deal with Google on RCS messaging, Pixel devices
The agreement will allow Vodafone customers to enjoy rich new messaging experiences by leveraging Google Jibe Cloud to power Vodafone's use of Rich Communications Services (RCS)
 "Vodafone inks new deal with Google on RCS messaging, Pixel devices")
Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates
On February 21, Wipro asked the candidates hired under the Turbo programme at Rs 6.5 LPA if they would be interested to join the company at Rs 3.5 LPA
 "Wipro salary cut for Turbo freshers raises alarm bells for Elite candidates")
Musk continues to sack Twitter employees despite promise not to do so
Elon Musk is still laying off Twitter employees as dozens of workers across sales and engineering departments were laid off last week, including one of Musk's direct reporting executive
 "Musk continues to sack Twitter employees despite promise not to do so")
Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn
Viacom18 Media Pvt., the joint venture between Paramount Global and Ambani's conglomerate Reliance Industries Ltd., licensed the IPL streaming rights last year for $2.7 billion
 "Mukesh Ambani's conglomerate to stream IPL for free after paying $2.7 bn")
Adani Group isn't India, but its troubles mirror the nation's woes
The target of Hindenburg Research's attack is the Adani Group, which aggressively marshaled capital from around the world into India's unmet aspirations
 "Adani Group isn't India, but its troubles mirror the nation's woes")
Adani Transmission to announce debt refinancing plans in few weeks: Report
The company has no plans to raise additional debt for capital expenditure, which it plans to cover with operating cash inflows, the executives said, according to the source
 "Adani Transmission to announce debt refinancing plans in few weeks: Report")
IPO-bound OYO looks to double number of premium hotels in India this year
The firm plans to add about 1800 premium hotels this year, with a focus on key business cities
 "IPO-bound OYO looks to double number of premium hotels in India this year")
BS Awards for Corporate Excellence: Power-packed jury to pick winners today
Chaired by K M Birla, the 8-member panel will select best in corporate India across 7 categories
 "BS Awards for Corporate Excellence: Power-packed jury to pick winners today")