Page 1775 - Company News
Phone maker Lava eyes electronics manufacturing venture with China's Huaqin
The pact would give the closely held companies heft as they seek to take on rivals such as Foxconn Technology Group
 "Phone maker Lava eyes electronics manufacturing venture with China's Huaqin")
Hinduja Leyland Fin raises Rs 910 cr from qualified institutional buyers
The Company's board of directors approved the allotment of Issuance of 65 million equity shares of Rs 10 each at an issue price of Rs 140 per share aggregating to the total of Rs 910 crore
 "Hinduja Leyland Fin raises Rs 910 cr from qualified institutional buyers")
JPMorgan names former Reliance M&A head as India investment banking chief
Navin Wadhwani has headed M&A for oil-to-retail conglomerate Reliance for the past 10 years and was previously a senior managing director at Rothschild India
 "JPMorgan names former Reliance M&A head as India investment banking chief")
Byju's raises $250 mn from existing investors, valuation remains at $22 bn
Regardless of the adverse macroeconomic conditions, Byju's founder Byju Raveendran said 2022-23 is set to be the best year in terms of revenue, growth and profitability
 "Byju's raises $250 mn from existing investors, valuation remains at $22 bn")
Growth, moderate valuations positive for ICICI Prudential Life Insurance
Value of new business growth and margins remained strong in Q2
 "Growth, moderate valuations positive for ICICI Prudential Life Insurance")
Big ticket items driving growth in consumer durables this festive season
Televisions, microwave ovens, vacuum cleaners, washing machines are expected to drive the growth of the consumer durable industry during this festival season
 "Big ticket items driving growth in consumer durables this festive season")
Britain in talks with British Steel and Tata to secure industry's future
Britain said on Monday it was in talks with steel makers, including British Steel, owned by China's Jingye Group, and India's Tata to help secure the industry's long-term future
 "Britain in talks with British Steel and Tata to secure industry's future")
ONGC eyes stake in Russian entity managing Sakhalin 1, says report
India's Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east
 "ONGC eyes stake in Russian entity managing Sakhalin 1, says report")
Pidilite may enter Nifty 50 once HDFC gets taken off after merger
The adhesive maker's inclusion to be ad hoc; analysts divided over treatment around HDFC's removal
 "Pidilite may enter Nifty 50 once HDFC gets taken off after merger")
MCA planning to shift all company forms to new portal by December
Currently only nine forms are to be filled on the new version, ministry officials cite surge in company submissions on version 3
 "MCA planning to shift all company forms to new portal by December")
Bangladesh, Vietnam seen as competitors in textile and garment trade
With a share of about 13 per cent, UP is one of the top three domestic textile players. Bangladesh, Vietnam, and Indonesia are the leading textile exporters in the Asia region.
 "Bangladesh, Vietnam seen as competitors in textile and garment trade")
Ex-Infosys president Ravi Kumar to join as president for Cognizant Americas
Kumar will be reporting directly to Brian Humphries, CEO Cognizant.
 "Ex-Infosys president Ravi Kumar to join as president for Cognizant Americas")
OIL interested in picking up petroleum mining lease in Jaisalmer, Bikaner
OIL produces heavy oil and natural gas at Tanot Dandewala and Baghewala in the state, and is exploring PML for five more locations in the state.
 "OIL interested in picking up petroleum mining lease in Jaisalmer, Bikaner")
Largest ever contingent of India Inc participates in GITEX Global 2022
India had the highest number of participating companies after the host, UAE, at the four-day event
 "Largest ever contingent of India Inc participates in GITEX Global 2022")
IBM Consulting opens its eleventh client innovation center in India
The company has around 4,000 clients including government and corporate entities in critical infrastructure areas such as financial services, telecommunications, and healthcare
 "IBM Consulting opens its eleventh client innovation center in India")
Nasscom to train up to 50,000 product managers by 2025: Narayanan
NASSCOM Product Council is a community to cater the needs of 3,720 product companies based in India in both domestic and global contexts
 "Nasscom to train up to 50,000 product managers by 2025: Narayanan")
Supreme Court allows Adani to operate Thiruvananthapuram airport
The court, however, said the question of ownership of land on which the airport is still to be decided.
 "Supreme Court allows Adani to operate Thiruvananthapuram airport")
New twist to rivalry as Kirloskar siblings trade charges over legal fees
Sanjay Kirloskar-led Kirloskar Brothers Ltd refutes claim made by siblings Atul and Rahul that the firm paid Rs 274 crore in professional and legal expenses
 "New twist to rivalry as Kirloskar siblings trade charges over legal fees")
IRB set to reap benefits from govt's infrastructure push, says report
IRB Infrastructure is well poised to leverage the government's push on creating highway infrastructure due to its strong balance sheet and its association with the Spain-based Cintra
 "IRB set to reap benefits from govt's infrastructure push, says report")
SJVN unit, Assam discom to form JV to set up 1kMW floating solar projects
State-owned SJVN said its arm SJVN Green Energy and Assam's power distribution company APDCL have inked a pact to form a joint venture to set up 1,000 MW floating solar projects in Assam
 "SJVN unit, Assam discom to form JV to set up 1kMW floating solar projects")