Page 1679 - Company News
Bharat Forge: Diversification, lower input costs should reap benefits
Bharat Forge is the largest exporter in forgings components globally, with around 60 global customers and about 68 per cent of its revenue from exports
 "Bharat Forge: Diversification, lower input costs should reap benefits")
Paytm in focus as board considers buyback; IIAS raises key concerns
The buyback proposal comes less than 13 months of Paytm's disastrous listing, which saw its shares tank as much as 80 per cent
 "Paytm in focus as board considers buyback; IIAS raises key concerns")
Expand PLI scheme for electronics inputs and components, ICEA tells Centre
The organisation has projected that components and sub-assemblies could provide a $100-billion export opportunity in the next five years
 "Expand PLI scheme for electronics inputs and components, ICEA tells Centre")
Kirloskar Brothers EGM: Shareholders reject call for forensic audit
Kirloskar siblings, with KBL Chairman and Managing Director Sanjay Kirloskar on one side and Atul and Rahul on the other, have been in a feud since 2016 over the deed of family settlement
 "Kirloskar Brothers EGM: Shareholders reject call for forensic audit")
PepsiCo India Holding FY22 profit declines 76.2%, revenue up by 21.6%
Food and beverage major Pepsico India Holdings Pvt Ltd's consolidated profit for FY22 declined 76.25 per cent to Rs 41.63 cr, while its revenue from operations went up 21.61 per cent to Rs 6,385.80 cr
 "PepsiCo India Holding FY22 profit declines 76.2%, revenue up by 21.6%")
Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector
The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years
 "Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector")
Maruti Suzuki seeks correct accounting of GHG emission benefits of ethanol
Car market leader Maruti Suzuki India (MSI) on Monday sought correct accounting of greenhouse gas emission benefits of ethanol blended fuel under the Corporate Average Fuel Economy (CAFE) norms
 "Maruti Suzuki seeks correct accounting of GHG emission benefits of ethanol")
Severity of injuries worst among auto workers in Pune, shows SII report
Nearly 83 per cent incidents in Pune reported a loss of body part of the worker, as compared to 67 per cent in Haryana (Gurugram and Faridabad)
 "Severity of injuries worst among auto workers in Pune, shows SII report")
In a first: Bajaj Allianz set to launch surety bonds on December 19
SBI General Insurance and Tata AIG General Insurance are also said to be looking at launching a surety insurance product soon, said sources
 "In a first: Bajaj Allianz set to launch surety bonds on December 19")
WTO: India seeks views on consumer protection in e-commerce sector
Also calls for greater cooperation among enforcement agencies of member countries
 "WTO: India seeks views on consumer protection in e-commerce sector")
McDonald's to hire 5,000 people, double stores in Northern, Eastern India
Quick service restaurant McDonald's India (North and East) said it will hire around 5,000 people as it looks to double its outlets to cross 300 restaurants in the region over the next three year
 "McDonald's to hire 5,000 people, double stores in Northern, Eastern India")
Top five steel companies, few others selected under the PLI scheme
The top five steel companies -- Tata Steel, JSW Steel, JSPL, AMNS India and SAIL -- dominate the list of qualifiers under the PLI scheme for specialty steel.
 "Top five steel companies, few others selected under the PLI scheme")
Layoff fallout: Outplacement firms have their hands full with flood of CVs
Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain
 "Layoff fallout: Outplacement firms have their hands full with flood of CVs")
Tata Motors to partially sell stake in subsidiary Tata Tech via IPO
The offering could be Tata group's first since listing of TCS in 2004
 "Tata Motors to partially sell stake in subsidiary Tata Tech via IPO")
At $2.2 billion, M&A deal value falls by 37%, volume by 40% in November
November turned out to be the worst month for the deal street with 119 merger and acquisition transactions worth $2.2 billion, a fall of 40 per cent in volume and 37 per cent in value annually
 "At $2.2 billion, M&A deal value falls by 37%, volume by 40% in November")
Higher output could boost Coal India's spot sales, says Pramod Agrawal
"I think in the first half, we have done a little over 30 million tonnes. In the next half, our e-auction sales may go up to 40 million tonnes," Chairman Pramod Agrawal said
 "Higher output could boost Coal India's spot sales, says Pramod Agrawal")
On Udaan network, local mobile accessory brands take wings in 'Bharat'
Udaan said its in-house expert team works closely with small manufacturers and trains them to run an e-commerce business
 "On Udaan network, local mobile accessory brands take wings in 'Bharat'")
ONGC to invest Rs 2,150 cr on drilling 53 exploratory wells in Andhra
According to ONGC, it proposes to carry out the onshore exploration of 50 wells during 2021-'28 in Godavari on-land PML block of KG basin
upGrad strengthens domestic leadership with 2 strategic appointments
Brijesh Nain and Paras Jhaveri have joined the global higher edtech company as the Business Unit Head and Vice President - Finance, respectively
 "upGrad strengthens domestic leadership with 2 strategic appointments")
Social lifestyle club The Quorum enters Hyderabad with largest facility
Spread across two floors and 70,000 sq ft, Hyderabad Club will become operational by mid-2023
 "Social lifestyle club The Quorum enters Hyderabad with largest facility")