Page 1702 - Company News
Sukoon Healthcare secures $15 mn from Lightrock for a majority stake
The in-patient psychiatric facility Sukoon Healthcare has secured $15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital
 "Sukoon Healthcare secures $15 mn from Lightrock for a majority stake")
Adani group's cash generation ability underappreciated, says M&G
Billionaire Gautam Adani's group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to M&G Investments
 "Adani group's cash generation ability underappreciated, says M&G")
Govt must sign deal with pvt player after acquiring land: Noida Airport CEO
UP govt currently acquiring 1,181 hectares for phase-2 work on the Noida airport in Jewar, which will be built in four phases over 4,752 hectares. Some villagers had earlier opposed land acquisition
 "Govt must sign deal with pvt player after acquiring land: Noida Airport CEO")
Pb, Haryana farmers sensitised on stubble management to cut air pollution
With its unique stubble management technology to minimise stubble burning, Canadian smart seeder has sensitised farmers in Punjab and Haryana through winter wheat sowing trials
 "Pb, Haryana farmers sensitised on stubble management to cut air pollution")
Bridgestone appoints Stefano Sanchini as head of India operations
Japanese tyre maker Bridgestone has appointed Stefano Sanchini as the head of its India operations with effect from January 1 next year.
 "Bridgestone appoints Stefano Sanchini as head of India operations")
Volvo-Eicher looks to make most of post-pandemic recovery in bus market
Aims to disrupt intercity segment with fully-built luxury coaches
 "Volvo-Eicher looks to make most of post-pandemic recovery in bus market")
Aurobindo unit, Evive Biotech ink pact to sell CIN treatment product in US
Aurobindo Pharma said its unit has entered into a licensing pact with Evive Biotech to commercialise Ryzneuta in the US market
 "Aurobindo unit, Evive Biotech ink pact to sell CIN treatment product in US")
The big short in oil & gas PSUs: Lack of leadership in sector hurting India
The government deplores the lack of good leadership in these companies but it adds to the problem with sub-optimal appointment practices for chief executives in this sector
 "The big short in oil & gas PSUs: Lack of leadership in sector hurting India")
Adani, Ambani set to clash over distressed assets of Lanco Amarkantak Power
The direct clash between the two major industrialist groups is set to happen during an auction on November 25
 "Adani, Ambani set to clash over distressed assets of Lanco Amarkantak Power")
IndiGo inaugurates second MRO facility at Bengaluru's Kempegowda airport
IndiGo inaugurated its second maintenance repair and overhaul (MRO) facility at Bengaluru's Kempegowda International Airport
 "IndiGo inaugurates second MRO facility at Bengaluru's Kempegowda airport")
Billionaire Gautam Adani's firm weighs $1.8 bn fundraise in new shares
Billionaire Gautam Adani's conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year
 "Billionaire Gautam Adani's firm weighs $1.8 bn fundraise in new shares")
Wipro becomes 1st Indian IT firm to allow Europe employees to form union
Wipro's employees that have been allowed to unionise belong to 13 countries including France, Sweden, Finland and Germany
 "Wipro becomes 1st Indian IT firm to allow Europe employees to form union")
Gautam Adani's mega port hangs in balance as fishing community protests
For Adani, the world's third-richest person according to Forbes, it's a high-stakes impasse with no apparent easy solution
 "Gautam Adani's mega port hangs in balance as fishing community protests")
Air India mandates Skytech-AIC to sell 4 Boeing 747-400 jumbo aircrafts
Tata Group-owned Air India has mandated UK-based remarketing firm Skytech-AIC for the sale of its four Boeing 747-400 jumbo planesTata
 "Air India mandates Skytech-AIC to sell 4 Boeing 747-400 jumbo aircrafts")
13 companies including Reliance in final list of prospective buyers for FRL
Reliance Retail, Adani Group's JV April Moon Retail and 11 other companies have made it to the final list of prospective bidders for acquiring debt-ridden Future Retail Ltd
 "13 companies including Reliance in final list of prospective buyers for FRL")
NCLAT stays CCI's Rs 169 cr penalty on Oyo, orders deposit of amount's 10%
The National Company Law Appellate Tribunal directed Oyo to deposit of 10 per cent of the penalty amount within six weeks
 "NCLAT stays CCI's Rs 169 cr penalty on Oyo, orders deposit of amount's 10%")
C-DoT's indigenous, low-cost 4G and 5G stack attracts global interest
Global vendors like Nokia and Ericsson have been selling both proprietary hardware and software integrated into one which does not give users any flexibility
 "C-DoT's indigenous, low-cost 4G and 5G stack attracts global interest")
Air India posts best monthly on-time performance among carriers after years
When it was a run by the government, the airline was usually at the bottom of DGCA's list for on-time performance
 "Air India posts best monthly on-time performance among carriers after years")
Vodafone Idea shareholders' approve issuing debentures to ATC Telecom
Shareholders of debt-ridden Vodafone Idea have approved issuing shares worth Rs 1,600 crore to ATC Telecom Infrastructure on a preferential basis, according to a regulatory filing
 "Vodafone Idea shareholders' approve issuing debentures to ATC Telecom")
AirAsia partners with Sugarbox to provide in-flight wi-fi service
AirFlix will be available to all fliers through a local in-flight wi-fi at no extra cost
 "AirAsia partners with Sugarbox to provide in-flight wi-fi service")