Page 1565 - Company News
TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report
The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said
 "TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report")
Russia price caps spur India interest in naphtha, fuel oil, but not diesel
India's interest in ramping up Russian oil products imports comes after the world's third largest crude importer became Moscow's top oil client after China as the West shunned supplies from Moscow
 "Russia price caps spur India interest in naphtha, fuel oil, but not diesel")
Top headlines: AI seals largest plane deal, MSCI readies verdict on Adani
Business Standard brings you the top headlines at this hour
 "Top headlines: AI seals largest plane deal, MSCI readies verdict on Adani")
Aditya Birla Group looking to raise funds for Vi at promoter level: Report
The group is reportedly looking to raise long-term debt for ailing telco Vodafone Idea (Vi) and use preferential share allotment as the route
 "Aditya Birla Group looking to raise funds for Vi at promoter level: Report")
Like Google, Apple may now be asked by CCI to change app store policy
In December 2021, CCI had initiated a probe into Apple's policies following allegations by Together We Fight Society about its high commission and lack of third party options
 "Like Google, Apple may now be asked by CCI to change app store policy")
ESG's most influential gatekeeper MSCI readies verdict on Adani Group firms
MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff
 "ESG's most influential gatekeeper MSCI readies verdict on Adani Group firms")
Rolls-Royce announces order of Trent XWB-97 engines from Air India
The large A350 aircraft of Airbus are powered by Rolls-Royce XWB engines
 "Rolls-Royce announces order of Trent XWB-97 engines from Air India")
Supply chains back to pre-Covid levels for consumer durable firms
Constraints still easing for auto firms; companies wary of commodity prices as Chinese demand may push them up
 "Supply chains back to pre-Covid levels for consumer durable firms")
India a bright spot for investments despite current volatility: Blackstone
Have invested half of our Asia exposure in India… picture abhi baki hai: Jonathan Gray
 "India a bright spot for investments despite current volatility: Blackstone")
United Breweries not in high spirits due to increase in input costs
Inflationary environment also poses a risk to consumption and volume growth
 "United Breweries not in high spirits due to increase in input costs")
Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan
Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption
 "Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan")
Adani Group likely to repay short-term commercial paper debt: Bankers
Two large companies within India's embattled Adani Group are likely to repay their short-term commercial paper (CP) debt as they come due over the next few months.
 "Adani Group likely to repay short-term commercial paper debt: Bankers")
Adani group crisis may not have significant financial spillover risks: S&P
S&P Global Ratings said there will not be any significant direct financial spillover risks because of the problems being faced by the Adani group, though there can be some secondary impact
 "Adani group crisis may not have significant financial spillover risks: S&P")
Adani Group vows to reduce leverage, flagship swings back to profit
The group has been under pressure since the Hindenburg report that accused it of accounting fraud and stock manipulation
 "Adani Group vows to reduce leverage, flagship swings back to profit")
Adani stocks rout rattles confidence in local insurer assets, says Bain
A stock rout has wiped $127 billion off the market value of Adani's empire after a scathing report by short seller Hindenburg Research on Jan 24
 "Adani stocks rout rattles confidence in local insurer assets, says Bain")
Ford to cut 3,800 jobs over next 3 years in Europe, mostly in Germany, UK
Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic headwinds
 "Ford to cut 3,800 jobs over next 3 years in Europe, mostly in Germany, UK")
Vrindavan, Bengaluru among most booked Valentine's Day destinations: Report
Average duration of stays increases from last year; people willing to travel on weekdays: OYO
 "Vrindavan, Bengaluru among most booked Valentine's Day destinations: Report")
Apple takes a bigger bite of India's smartphone exports pie: ICEA
Rs 30K-cr worth of iPhones, which is 40% of total exports, shipped out in first 10 months of FY23
 "Apple takes a bigger bite of India's smartphone exports pie: ICEA")
Industry 4.0: Tatas to invest over Rs 4,200 crore in Uttar Pradesh
The state government has roped in Tata Technologies (TTL) to upgrade 150 government-run industrial training institutes (ITI) and align them to the requirements of Industry 4.0
 "Industry 4.0: Tatas to invest over Rs 4,200 crore in Uttar Pradesh")
Grasim Q3 PAT up 44% to Rs 2,516 cr on strong show by Ultretech, AB Capital
Revenue rises 17% to Rs 28,638 cr; cheaper imports from Indonesia create pressure on domestic prices
 "Grasim Q3 PAT up 44% to Rs 2,516 cr on strong show by Ultretech, AB Capital")