Page 1643 - Company News
Shapoorji Pallonji's housing platform to invest Rs 750 cr on new project
The company will develop nearly 1,350 housing units, including duplexes and penthouses, in this new 9-acre project with an estimated sales revenue of over Rs 1,000 crore
 "Shapoorji Pallonji's housing platform to invest Rs 750 cr on new project")
CESL accelerates on the green track, opens bids for 6,465 electric buses
The subsidiary of a joint venture owned by four public sector power companies is moving rapidly to enable the creation of a transport ecosystem based on renewable energy
 "CESL accelerates on the green track, opens bids for 6,465 electric buses")
Microsoft, NIELIT team up to train youth in cybersecurity skills for jobs
The global cybersecurity skills gap and the lack of diversity in the workforce are among the urgent issues facing the digital economy
 "Microsoft, NIELIT team up to train youth in cybersecurity skills for jobs")
Delhi HC restrains firm from using Swiss Military symbol in trademark case
The court also cited the Daboutt's division bench's judgment in Shree Nath vs Allied Blenders and Distillers Pvt. Ltd where the wonderment principle was elaborated
 "Delhi HC restrains firm from using Swiss Military symbol in trademark case")
Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups
Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms
 "Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups")
Global macro headwinds may moderate growth for Indian IT industry: Icra
The industry is also grappling with a surge in employee attrition in recent times, led by the demand-supply gap, especially for digital tech talent
 "Global macro headwinds may moderate growth for Indian IT industry: Icra")
Byju's founder raising funds to buy back as much as 15% of firm: Report
Raveendran is in the midst of overhauling the company's strategy and cutting marketing spend with a goal to be profitable by March
 "Byju's founder raising funds to buy back as much as 15% of firm: Report")
Govt sticks to demand for increased share in Barmer oil & gas block
The SC has been hearing a dispute between Vedanta and the federal government related to an extension of the production-sharing contract for the Barmer asset in the western state of Rajasthan
 "Govt sticks to demand for increased share in Barmer oil & gas block")
Indian tyre industry to scale turnover of Rs 1 trn in next 3 years: ATMA
Demand is expected to grow stronger in view of an uptick in economic activities and the big push envisaged for infrastructure growth
 "Indian tyre industry to scale turnover of Rs 1 trn in next 3 years: ATMA")
Honda Motorcycle & Scooter India sales up 11% at 233,151 units in Dec 2022
The company had registered domestic sales of 2,10,638 units in the year-ago period, Honda Motorcycle & Scooter India (HMSI) said in a statement
 "Honda Motorcycle & Scooter India sales up 11% at 233,151 units in Dec 2022")
Adani Group plans to roll out 5G services, consumer apps this year
The plan for B2C (business-to-consumer) apps for consumers comes as an unexpected move by the company
 "Adani Group plans to roll out 5G services, consumer apps this year")
RBI lifts curbs on loan recovery via third parties: M&M Financial Services
MMFSL shares had plunged over 20% following the order in September, before recouping those losses by December
 "RBI lifts curbs on loan recovery via third parties: M&M Financial Services")
On industry demand, ASCI extends 'Dark Patterns' paper feedback deadline
According to data analysed by ASCI, 29 per cent of ads in 2021-22 were misleading
 "On industry demand, ASCI extends 'Dark Patterns' paper feedback deadline")
Top carmakers post double-digit export growth with Maruti at the wheel
Clock 11% growth in the first 11 months of 2022
 "Top carmakers post double-digit export growth with Maruti at the wheel")
Mercedes-Benz Energy signs deal with Lohum to recycle EV batteries
Lohum has committed to lift a minimum of 50 MegaWatt Hertz (MwH) across multiple second-use modules a year from Mercedes-Benz Energy
 "Mercedes-Benz Energy signs deal with Lohum to recycle EV batteries")
Realty sector seeks industry status, tax breaks, big housing push in Budget
Demands include 10x spike in SWAMIH fund to Rs 50,000 cr, uniform 25% corporation tax rate, finalisation of the state rental housing policy, among other things
 "Realty sector seeks industry status, tax breaks, big housing push in Budget")
Income Tax searches on premises of Exel Group of companies in Hyderabad
The Income Tax department on Wednesday conducted searches on premises of Exel Group of companies in Hyderabad and neighbouring Sangareddy district for alleged irregularities in income tax payment
 "Income Tax searches on premises of Exel Group of companies in Hyderabad")
NCLAT directs Google to pay 10% of Rs 1,337 crore penalty imposed by CCI
CCI penalised Google in October over alleged violations in the Android mobile ecosystem
 "NCLAT directs Google to pay 10% of Rs 1,337 crore penalty imposed by CCI")
Suhail Sameer to start VC fund with two former co-founders: Report
On Tuesday, BharatPe announced that Sameer was stepping away from his post and will serve as the Strategic Advisor effective January 7
 "Suhail Sameer to start VC fund with two former co-founders: Report")
CCI declines interim stay for Google on Android-related antitrust ruling
An Indian tribunal declined Google's request for an interim stay on an antitrust ruling that ordered the tech giant to change its approach to its Android platform
 "CCI declines interim stay for Google on Android-related antitrust ruling")