Page 1645 - Company News
Google-CCI tussle: Industry divided even before the hearing starts
Handset manufacturing firm Micromax and Jaina Private Limited are learnt to have filed an appeal in NCLAT against the same CCI order, in support of Google
 "Google-CCI tussle: Industry divided even before the hearing starts")
M&E sector likely to log 12-14% revenue growth in FY24, says Crisil
FY23 revenue growth likely at 16 per cent, ratings agency says
 "M&E sector likely to log 12-14% revenue growth in FY24, says Crisil")
NCLT gives interim relief to Torrent, puts Hinduja's RCap offer on hold
During the auction, Hinduja made an offer of Rs 8,110 crore, but raised it to Rs 9,000 crore and offered 100 per cent upfront cash to the lenders
 "NCLT gives interim relief to Torrent, puts Hinduja's RCap offer on hold")
Granules India ties up with Greenko Group for 'green' pharma zones
As a part of the partnership, Granules and Greenko ZeroC will develop and promote state-of-the-art Integrated Green Pharmaceutical Zones (GPZ) with first collaboration in Kakinada, Andhra Pradesh
 "Granules India ties up with Greenko Group for 'green' pharma zones")
Leasing of industrial, warehousing space up 6% across tier I-III cities
Among the major cities in India, Delhi-NCR saw the highest absorption in 2022 at 16%, followed by Mumbai at 14%
 "Leasing of industrial, warehousing space up 6% across tier I-III cities")
Indian Energy Exchange's trade volume falls 7% to 8,452 mn units in Dec
The IEX achieved 8,452 MU total volume in December 2022, including green power trade of 377 MU, and 4.87 lakh RECs (equivalent to 487 MU)
 "Indian Energy Exchange's trade volume falls 7% to 8,452 mn units in Dec")
ONGC, Indian Oil, Power Grid, SAIL top profit making PSUs in FY22
The net profit of operating public sector enterprises jumped 50.87% to Rs 2.49 trn during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers
 "ONGC, Indian Oil, Power Grid, SAIL top profit making PSUs in FY22")
Electric scooter maker WardWizard Innovations and Mobility's sales doubled
Electric two-wheeler maker WardWizard Innovations and Mobility Ltd on Tuesday reported an over two-fold increase in sales at 43,914 units in 2022
 "Electric scooter maker WardWizard Innovations and Mobility's sales doubled")
Framed for growth: Titan's Titan Eye+ has set sights on booming market
Company has the advantage of Titan's network but it needs to scale up its online presence
 "Framed for growth: Titan's Titan Eye+ has set sights on booming market")
Media, entertainment sector likely to grow 12-14%, touch Rs 1.6 trn revenue
Indian media and entertainment sector is likely to grow 12-14 per cent to clock Rs 1.6 trn revenue in FY24, rating agency Crisil said in a report
 "Media, entertainment sector likely to grow 12-14%, touch Rs 1.6 trn revenue")
Two-wheeler sales growth muted in Dec on dull rural demand, high inflation
Top-5 players post a combined sales growth of just 3% YoY; experts expect recovery to take some time
 "Two-wheeler sales growth muted in Dec on dull rural demand, high inflation")
Sebi returns OYO's draft IPO papers, asks to refile with certain updates
Capital markets regulator Sebi has asked Oravel Stays Ltd, the parent company of travel-tech firm OYO, to refile the draft IPO papers with certain updates
 "Sebi returns OYO's draft IPO papers, asks to refile with certain updates")
Marico expands RTE portfolio with Saffola Munchiez ragi chips and makhana
The FMCG firm is tapping the increasing tribe of conscious, albeit indulgent modern consumers with this new on-the-go healthy snack brand
 "Marico expands RTE portfolio with Saffola Munchiez ragi chips and makhana")
Exicom to provide battery management systems for Hero Electric 2-wheelers
Electric two-wheelers (E2W) crossed 600,000 in sales in 2022, according to government data
 "Exicom to provide battery management systems for Hero Electric 2-wheelers")
Granules forges strategic partnership with Greenko ZeroC for Kakinada plant
Under the collaboration, Greenko ZeroC will be supplying carbon free energy and enable green hydrogen along with its various chemical derivatives
SKS Power Generation receives 7 bids, Reliance, Adani, NTPC among bidders
It can set the stage for another clash between the Adani and Reliance groups
 "SKS Power Generation receives 7 bids, Reliance, Adani, NTPC among bidders")
Fintech startup SarvaGram Solutions raises $35 mn in funding round
With this funding round, SarvaGram plans to expand its distribution network by adding 75 outlets (to reach 125) by the end of financial year FY2024
 "Fintech startup SarvaGram Solutions raises $35 mn in funding round")
Adani lifts payout for NDTV open offer to match payment to founders
Adani Enterprises said it will pay an additional Rs 48.65 per share to New Delhi Television Ltd investors who sold their shares to the conglomerate
 "Adani lifts payout for NDTV open offer to match payment to founders")
Godrej Properties buys 9-acre land for Rs 300 cr to build housing project
The project with a development potential of about 1.6 million square feet area, has an estimated revenue potential of about Rs 2,500 crore
 "Godrej Properties buys 9-acre land for Rs 300 cr to build housing project")
Safex Chemicals to invest Rs 100 cr in agri-tech segment in next 3-4 years
The plan is to launch an interactive technology platform to integrate the entire value chain in the agri-economy
 "Safex Chemicals to invest Rs 100 cr in agri-tech segment in next 3-4 years")