Page 1594 - Company News
Mahindra & Mahindra total sales grow 37% to 64,335 units in January
It had registered a total sales of 46,808 units in January 2022
 "Mahindra & Mahindra total sales grow 37% to 64,335 units in January")
Maruti Suzuki total sales surge 12% to 172,535 units in January
Maruti Suzuki India Senior Executive Officer Marketing & Sales Shashank Srivastava said the industry began with a low network stock because of high retails in December
 "Maruti Suzuki total sales surge 12% to 172,535 units in January")
Adani rout passes $80 billion as key share sale fails to lift mood
The crisis of confidence plaguing Gautam Adani is deepening, with the selloff in the Adani group shares triggered by Hindenburg Research's fraud allegations rapidly turning into a meltdown
 "Adani rout passes $80 billion as key share sale fails to lift mood")
Credit Suisse's private bank stops margin loans on Adani Group's bonds
The Swiss lender's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd
 "Credit Suisse's private bank stops margin loans on Adani Group's bonds")
Tesla reveals loss of $204 million from Bitcoin investments in 2022
Elon Musk-owned Tesla has revealed that the company recorded a $204 million impairment loss in 2022 on its Bitcoin investments
 "Tesla reveals loss of $204 million from Bitcoin investments in 2022")
Amazon job cuts hit staffers in grocery, robotics, payments, AWS divisions
Amazon announced job cuts of around 18,000 employees last month, and those who lost their jobs were from various divisions of the company, including AWS, healthcare and delivery business, among others
 "Amazon job cuts hit staffers in grocery, robotics, payments, AWS divisions")
Toyota Kirloskar Motor vehicle sales surges 175% to 12,835 units in January
Toyota Kirloskar Motor (TKM) on Wednesday reported a 175 per cent growth in vehicle sales at 12,835 units in January
 "Toyota Kirloskar Motor vehicle sales surges 175% to 12,835 units in January")
Kia's vehicle sales in India grow 48% to 28,634 units in January
The company also said it recorded the highest-ever monthly sales of Carens
 "Kia's vehicle sales in India grow 48% to 28,634 units in January")
Bajaj Auto total vehicle sales fall 21% to 285,995 units in January
The company's vehicle sales stood at 3,63,443 units in the year-ago period
 "Bajaj Auto total vehicle sales fall 21% to 285,995 units in January")
Jindal Steel and Power says enquiries from European buyers on rise
We did see some increase in the order book and a lot of enquiries (from Europe): Bimlendra Jha, managing director of Jindal Steel and Power
 "Jindal Steel and Power says enquiries from European buyers on rise")
RBI appoints V Ramachandra as member of Advisory Committee of SIFL, SEFL
The Advisory Committee shall advise the Administrator in the operations of SIFL and SEFL during the corporate insolvency resolution process
 "RBI appoints V Ramachandra as member of Advisory Committee of SIFL, SEFL")
Global device shipments to decline 4% in 2023, PCs to be worst hit: Report
By the end of 2023, Gartner expects more than 25% of business PCs will upgrade to Windows 11
 "Global device shipments to decline 4% in 2023, PCs to be worst hit: Report")
JSPL, NTPC, Vedanta among 59 firms that submitted bids for 36 coal blocks
"A total of 96 bids were received under two tranches of commercial coal mine auctions," the coal ministry said in a statement
 "JSPL, NTPC, Vedanta among 59 firms that submitted bids for 36 coal blocks")
IndiaMART and four other Indian markets figure in US Notorious Markets list
The 2022 Notorious Markets List identifies 39 online and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy
 "IndiaMART and four other Indian markets figure in US Notorious Markets list")
Income tax department conducts survey action against drug major Cipla
As part of a survey, the Income Tax Department only covers the business premises of a company and does not raid the residences and other locations of its promoters or directors
 "Income tax department conducts survey action against drug major Cipla")
Enforcement Directorate searches Srei subsidiaries undergoing bankruptcy
The central agency's officials raided an office of the promoters at Alipore area of the city, besides at Tangra, Hastings and an upmarket residence at Anandapur
 "Enforcement Directorate searches Srei subsidiaries undergoing bankruptcy")
Vedanta shelves plan to sell its copper smelter in Tamil Nadu
Restarting the smelter will lead to a surge in India's copper output and cut imports
 "Vedanta shelves plan to sell its copper smelter in Tamil Nadu")
Adani group tops up collateral on $1 billion loan after stock rout
Adani on Friday added about $300 million worth of shares for a loan made by a group of banks including Barclays Plc, one of the people said, asking not to be named discussing internal matters
 "Adani group tops up collateral on $1 billion loan after stock rout")
Reliance Industries stops local petcoke sales, boosts imports: Reports
Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries
 "Reliance Industries stops local petcoke sales, boosts imports: Reports")
GAIL's prospects on the mend after poor Oct-Dec quarter showing
Most analysts have cut their Q4 and FY24 estimates but maintain 'buy' recommendations with price targets between Rs 115-Rs 125
 "GAIL's prospects on the mend after poor Oct-Dec quarter showing")