Page 1591 - Company News
Azad Engineering is India's first supplier of parts for nuclear turbines
Azad Engineering has signed a long-term supply agreement with General Electric (GE) Steam Power for supply of nuclear turbineparts
 "Azad Engineering is India's first supplier of parts for nuclear turbines")
Shell annual profit doubles to record high as war drives up energy costs
Shell also is raising its dividend payout by 15 per cent and buying back $4 billion worth of shares
 "Shell annual profit doubles to record high as war drives up energy costs")
Budget 2023: Tax on high-premium policy may hit life insurers' top line
The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day
 "Budget 2023: Tax on high-premium policy may hit life insurers' top line")
Parag Milk foods hikes milk prices of Gowardhan brand by Rs 2 per litre
Parag MIlk foods follows Mother Dairy and Amul; hikes milk prices of Gowardhan brand by Rs 2 per litre
 "Parag Milk foods hikes milk prices of Gowardhan brand by Rs 2 per litre")
Mahindra Electric Mobility to consolidate with parent M&M
The board of directors at Mahindra & Mahindra Ltd has given in-principle approval for consolidation of Mahindra Electric Mobility in the company.
 "Mahindra Electric Mobility to consolidate with parent M&M")
Sebi bans FFSPL, its directors from securities markets for 3 years
Sebi on Thursday barred Finassure Financial Services Pvt Ltd (FFSPL) and its directors from the securities market for up to three years for providing unauthorised investment advisory services
 "Sebi bans FFSPL, its directors from securities markets for 3 years")
Fino Payment Bank's Q3 net profit jumps by 35% on widening margins
Fino Payments Bank on Thursday posted a 35.5 per cent jump in its December quarter net profit at Rs 19.1 crore, aided by widening profit margins
 "Fino Payment Bank's Q3 net profit jumps by 35% on widening margins")
Trai to meet telcos on Feb 17 to discuss calls drops, service issues, 5G
India, the world's second largest smartphone market, had over 114 crore mobile subscribers as of November 2022. Reliance Jio, Bharti Airtel, and Vodafone Idea are the key players
 "Trai to meet telcos on Feb 17 to discuss calls drops, service issues, 5G")
Viacom18 turns to Jio playbook for IPL digital broadcast this year
Men's and women's T20 leagues to be offered free on JioCinema app; 16 feeds in 12 languages, multi-camera angles, 4K broadcast among tech innovations
 "Viacom18 turns to Jio playbook for IPL digital broadcast this year")
Britannia to opt for promotional offers instead of price cuts: Varun Berry
In FY22 and FY23, the company increased prices in order to pass on rising raw material costs to the consumer
 "Britannia to opt for promotional offers instead of price cuts: Varun Berry")
Rs 1,500 crore of Adani Enterprises short-term debt to mature by April 27
The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation
 "Rs 1,500 crore of Adani Enterprises short-term debt to mature by April 27")
Citigroup Inc's wealth unit halts margin loans on Adani securities
The bank said in the memo it has decided to remove lending value "to all Adani issued securities with immediate effect"
 "Citigroup Inc's wealth unit halts margin loans on Adani securities")
NCLT allows Torrent Investment's plea against Reliance Cap lenders
The National Company Law Tribunal allowed Torrent Investments' plea challenging bankers' decision to hold a fresh round of auctions for the takeover of Anil Ambani-promoted Reliance Capital
 "NCLT allows Torrent Investment's plea against Reliance Cap lenders")
Patent infringement: HC orders Triveni Chemicals to pay Rs 2 cr to Pfizer
Pfizer Inc. and its group companies had filed a suit in the court against Triveni Interchem Private Limited & others accusing the for infringing their patent(IN 218291) for the compound Palbociclib
 "Patent infringement: HC orders Triveni Chemicals to pay Rs 2 cr to Pfizer")
Edtech giant Byju's lays off nearly 1,000 employees across verticals
According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees
 "Edtech giant Byju's lays off nearly 1,000 employees across verticals")
Airtel Africa Q3 net profit rises 7.5% to Rs 1,586 cr, revenue up 10.7%
In constant currency term, revenue of Airtel Africa grew 18 per cent
 "Airtel Africa Q3 net profit rises 7.5% to Rs 1,586 cr, revenue up 10.7%")
Bangladesh wants revision of 2017 power purchase deal with Adani Power
Media reports suggested that the "high coal price" to be purchased for the Adani plant at India's Jharkhand emerged as the key factor for the dispute
 "Bangladesh wants revision of 2017 power purchase deal with Adani Power")
Changes to Competition Amendment Bill likely next week in Budget session
The panel had said that the MCA had not put forth a strong argument as to why IPR could not be used as a defence against the abuse of a dominant position
 "Changes to Competition Amendment Bill likely next week in Budget session")
Reconsider Satyam order: Securities Appellate Tribunal to Sebi
Regulator had fined Ramalinga Raju, others and banned them from market for 14 yrs
Jo Johnson, brother of UK ex-PM, resigns as director of Adani-linked firm
The Adani Group has categorically denied Hindenburg's accusations, calling them a malicious combination of selective misinformation and stale, baseless and discredited allegations
 "Jo Johnson, brother of UK ex-PM, resigns as director of Adani-linked firm")