Page 1781 - Company News
Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech
While the main powertrain will be the electric motor, the onboard power would be generated by a micro gas turbine developed jointly by NCCRD and Aerostrovilos Energy, an IITM-incubated start-up
 "Ashok Leyland, IIT Madras tie up to develop hybrid EVS using turbine tech")
Hero MotoCorp aims to lead clean mobility transformation with VIDA V1
Hero MotoCorp aims to lead the mobility transformation towards cleaner solutions with its electric scooter VIDA V1, as per a top company official.
 "Hero MotoCorp aims to lead clean mobility transformation with VIDA V1")
Delhi HC grants more time to DMRC to pay Reliance Infra arbitral award
The Delhi High Court granted time till October 31 to the Delhi Metro Rail Corporation to formulate a plan for the payment of the arbitral award amount to the Delhi Airport Metro Express Private Ltd
 "Delhi HC grants more time to DMRC to pay Reliance Infra arbitral award")
Small cities dominate e-comm platforms' festival sales: Industry players
Small cities dominated the festival season sales of e-commerce platforms accounting for around Rs 24,000 crore or around 60 per cent of the total market share in value terms
 "Small cities dominate e-comm platforms' festival sales: Industry players")
Tata Motors' global sales up 33% in Sept quarter at 335,976 units
Tata Motors on Monday reported 33 per cent increase in global sales, including that of Jaguar Land Rover to 335,976 units in September quarter 2022
 "Tata Motors' global sales up 33% in Sept quarter at 335,976 units")
Licious launches D2C plant-based meat brand, eyes pole position within a yr
The plant-based meat market in India is likely to touch $500 million in three years, according to analysts.
 "Licious launches D2C plant-based meat brand, eyes pole position within a yr")
MG Motor India expects to turn profitable next year on higher sales
MG Motor India expects its operations to turn profitable next year as it looks to double its volumes with higher production capacity in place, the company's President and MD Rajeev Chaba said
 "MG Motor India expects to turn profitable next year on higher sales")
Inga, TIH Singapore tie up to launch PE fund for mid-sized companies
The fund has set an overall target of raising Rs 500 crore and has received commitment of Rs 25 crore
 "Inga, TIH Singapore tie up to launch PE fund for mid-sized companies")
NMDC leaves lump ore prices, fines unchanged for third straight time
State-owned mining giant NMDC has left the prices of lump ore and fines unchanged for the third time in a row
 "NMDC leaves lump ore prices, fines unchanged for third straight time")
Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks
The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22
 "Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks")
Flickstree raises $5 mn in pre-series B round led by Venture Catalysts
Flickstree is a content and marketing tech start-up that uses AI to create free branded video content; its data engine promote these videos, which keep churning transactions in auto-pilot mode
 "Flickstree raises $5 mn in pre-series B round led by Venture Catalysts")
Auto sales up 57% during Navratri as all categories put up strong show
Overall sales were also 27% higher than Navratri 2020 and 16% above the pre-pandemic season in 2019; trend seen continuing till Diwali
 "Auto sales up 57% during Navratri as all categories put up strong show")
JSW Steel reports combined production growth of 12% to 5.68 MT in Jul-Sep
JSW Steel has reported a 12 per cent year-on-year growth in its combined steel production at 5.68 million tonne (MT) in the quarter ended September 2022
 "JSW Steel reports combined production growth of 12% to 5.68 MT in Jul-Sep")
New Jersey-based Amneal Pharma starts mfg operations for Indian market
The firm already has manufacturing units in four Indian cities, all of which are focused on the export market
 "New Jersey-based Amneal Pharma starts mfg operations for Indian market")
Music education platform Artium Academy raises $3 mn in funding round
Company offers courses designed by musicians Sonu Nigam, KS Chithra, Shubha Mudgal and others
 "Music education platform Artium Academy raises $3 mn in funding round")
Why are India's super wealthy looking abroad for family offices?
RIL Chairman Mukesh Ambani is setting up a family office. It's a trend among wealthy Indian families who set up such entities, often overseas. Find out why the India's super wealthy are looking abroad
 "Why are India's super wealthy looking abroad for family offices?")
Adani Group may buy debt-laden Jaiprakash's cement unit for $606 mn: Report
The acquisition will be made by one of the cement units recently acquired by Asia's richest person, the people said, adding an announcement was expected as early as this week
 "Adani Group may buy debt-laden Jaiprakash's cement unit for $606 mn: Report")
Reliance Industries, Jio in talks to raise funds through foreign loans
The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world
 "Reliance Industries, Jio in talks to raise funds through foreign loans")
Adani group eyeing to raise $10 billion for renewables, cement arms
Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days
 "Adani group eyeing to raise $10 billion for renewables, cement arms")
Renault SA open to reducing stake in Nissan Motor in carve-out talks
Executives have discussed Renault's carve-out plan and reshaping the pair's two decade-old alliance since February during meetings in France and Japan.
 "Renault SA open to reducing stake in Nissan Motor in carve-out talks")