Page 1773 - Company News
Ambuja Cements allots 477-million warrants to Adani family firm
Ambuja Cement, now a part of Adani Cement, has issued the warrants at a price band of Rs 418.87
 "Ambuja Cements allots 477-million warrants to Adani family firm")
Lulu Group to invest Rs 3k cr to set up India's biggest mall at Ahmedabad
UAE-based billionaire Yussuf Ali's Lulu Group International is entering Gujarat, where it would invest Rs 3,000 crore to set up India's biggest shopping mall at Ahmedabad, a company official said
 "Lulu Group to invest Rs 3k cr to set up India's biggest mall at Ahmedabad")
Tech Mahindra to expand in Gujarat, will hire 3,000 people in five years
In the seven months since its IT/ITeS policy was launched, Gujarat has signed MoUs with 15 top domestic and global IT firms in a move that is expected to generate 26,750 high-skilled IT jobs
 "Tech Mahindra to expand in Gujarat, will hire 3,000 people in five years")
Diversity in India Inc: Sexual harassment plaints below pre-pandemic levels
This four-part series examines diversity, equity, and inclusion in Corporate India. Part 3 examines sexual harassment in the age of remote work - and the absence of awareness
 "Diversity in India Inc: Sexual harassment plaints below pre-pandemic levels")
Shardeum raises $18 mn in seed round from a clutch of 60 investors
WazirX founder Nischal Shetty, also co-founder Shardeum, says crypto world needs to work with regulatory bodies
 "Shardeum raises $18 mn in seed round from a clutch of 60 investors")
Adani Group buys Air Works, forays into aircraft maintenance business
The MRO firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007
 "Adani Group buys Air Works, forays into aircraft maintenance business")
Indian saree market sees big corporates battling traditional players
Larger groups like the Tatas, Aditya Birla and Reliance Retail are slowly making a mark in a Rs 46,400 cr industry that is otherwise ruled by traditional organised and unorganised players
 "Indian saree market sees big corporates battling traditional players")
Running airline in JV a challenge, says Air India CEO Campbell Wilson
'Air India already has scale... we are not doing this from scratch. We are doing this from a running start', said Wilson
 "Running airline in JV a challenge, says Air India CEO Campbell Wilson")
Nissan lines up three SUVs for India entry; X-Trail launch confirmed
Juke, which was also showcased on Tuesday, is currently being evaluated for the Indian market
 "Nissan lines up three SUVs for India entry; X-Trail launch confirmed")
How ready is India to sell indigenous 5G technology globally? Jury's out
Though Airtel and Reliance Jio are developing their own 5G technologies, they are still tying up with global gear makers to roll out the network in the country
 "How ready is India to sell indigenous 5G technology globally? Jury's out")
Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech
Near-term gains for India's sixth largest IT services company factored into valuations
 "Seasonal gains, deal pipeline point to strong FY23 for L&T Infotech")
Tea Board modifies order on blending imported with Indian varieties
The Tea Board, in its notification, has kept the sanctity of GI intact and allowed blending only for teas not claiming the GI mark
 "Tea Board modifies order on blending imported with Indian varieties")
Jio overtakes BSNL to become largest landline service provider in August
Largely dominated by BSNL and MTNL, the number of landline connections declined from 36.76 million in 2010 to 20.58 million in 2020
 "Jio overtakes BSNL to become largest landline service provider in August")
Telecom gear maker HFCL's Q2 net profit remains flat at Rs 84.31 crore
Domestic telecom gear maker HFCL's consolidated net profit remained flat at Rs 84.31 crore for the quarter ended September 30, 2022, as per a filing
 "Telecom gear maker HFCL's Q2 net profit remains flat at Rs 84.31 crore")
Dealmaking activity severely hit in Sept qtr; down 66% by value: Report
Corporate deals, including mergers and acquisitions and venture funding, were down 66 per cent by value to $10.22 billion in the September quarter, a report said on Tuesday
 "Dealmaking activity severely hit in Sept qtr; down 66% by value: Report")
Tech Mahindra to hire 3,000 people in Gujarat over next five years
Country's fifth largest IT services exporter Tech Mahindra on Tuesday announced it will be hiring 3,000 people in Gujarat over the next five years
 "Tech Mahindra to hire 3,000 people in Gujarat over next five years")
Sojitz Corp sells 2.83% stake in Samvardhana Motherson for Rs 825 crore
Sojitz Corporation on Tuesday divested 2.83 per cent stake in auto component major Samvardhana Motherson International for Rs 825 crore through an open market transaction.
 "Sojitz Corp sells 2.83% stake in Samvardhana Motherson for Rs 825 crore")
Festivities push FMCG sales up 11% in first two weeks of October
Sales were down in September due to weak rural demand
 "Festivities push FMCG sales up 11% in first two weeks of October")
ICICI Lombard Q2 net up 32% to Rs 591 cr on reversal of tax provision
Gross direct premium income up 17% to Rs 5,185 cr; combined ratio, which indicates underwriting discipline, stable at 105.1%
 "ICICI Lombard Q2 net up 32% to Rs 591 cr on reversal of tax provision")
Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share
Morgan Stanley, Citigroup, Bank of America, Abvendus, ICICI Prudential MF were some of the buyers
 "Invesco sells 5.5% stake in Zee for Rs 1,396 cr at Rs 263.7 a share")