Page 1783 - Company News
Shanghvi says will participate in Suzlon Energy's Rs 1,200-cr rights issue
The rights issue will open on October 11, closing on October 20
 "Shanghvi says will participate in Suzlon Energy's Rs 1,200-cr rights issue")
Hero MotoCorp forays into electric segment; drives in VIDA V1 e-scooter
The country's largest two-wheeler maker Hero MotoCorp on Friday forayed into the electric vehicle segment with the launch of its first electric scooter VIDA V1 priced at Rs 1.45 lakh
 "Hero MotoCorp forays into electric segment; drives in VIDA V1 e-scooter")
Infosys again faces legal action for age and gender discrimination in US
Infosys' motion to dismiss the claims made by the executive was rejected by a judge from the US District Court
 "Infosys again faces legal action for age and gender discrimination in US")
No break-up fee from Prosus after termination of deal with BillDesk
PayU's expansion plans which it had charted out based on the acquisition have been put on hold for over a year
 "No break-up fee from Prosus after termination of deal with BillDesk")
Mukesh Ambani joins the list of global rich with family office in Singapore
Asia's second-wealthiest man, Reliance Industries Ltd. Chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move.
 "Mukesh Ambani joins the list of global rich with family office in Singapore")
PNB Housing Finance appoints Vinay Gupta as CFO, to succeed Kapish Jain
PNB Housing Finance on Friday announced the appointment of Vinay Gupta as the Chief Financial Officer
 "PNB Housing Finance appoints Vinay Gupta as CFO, to succeed Kapish Jain")
WPP acquires remaining 26% stake in MediaCom from Balsara family
Deal size not known immediately, marks the exit of the Balsaras from the agency
 "WPP acquires remaining 26% stake in MediaCom from Balsara family")
CM Gehlot invites Vedanta to set-up semiconductor industry in Rajasthan
Rajasthan Chief Minister Ashok Gehlot has invited Vedanta Group to set up its semi-conductor chip manufacturing industry in Rajasthan amid a tussle for the project between Maharashtra and Gujarat.
 "CM Gehlot invites Vedanta to set-up semiconductor industry in Rajasthan")
Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares
Action after complaints of overcharging
 "Uber, Ola auto services 'banned' in Bengaluru; aggregators slash fares")
Titan stock shines after Q2 update, addition of 105 stores in the quarter
The stock has always been highly valued with a current PE that's usually averaged around 45-50x
 "Titan stock shines after Q2 update, addition of 105 stores in the quarter")
Tata Power to develop 10K Mw RE plant in next five years in Rajasthan
Tata Power, along with its fully-owned subsidiary Tata Power Solar, will expand its presence in the state to generate clean energy through solar power
 "Tata Power to develop 10K Mw RE plant in next five years in Rajasthan")
Kalyan Jewellers sees 20% revenue growth in Sept qtr despite challenges
Jewellery retailer Kalyan Jewellers on Friday said it has registered a consolidated revenue growth of 20 per cent during the second quarter of FY23 despite various economic challenges
 "Kalyan Jewellers sees 20% revenue growth in Sept qtr despite challenges")
Indian carmakers propose tax cut on imports in Britain trade deal
It is the first time that car makers have backed such cuts, caving to pressure from a government that wants them to give up their protectionist position and lower entry barriers, said sources
 "Indian carmakers propose tax cut on imports in Britain trade deal")
CCI orders another probe against Google for unfair revenue sharing
The Competition Commission has ordered another detailed probe against Google for alleged unfair revenue sharing terms with respect to news content
 "CCI orders another probe against Google for unfair revenue sharing")
Advisory board urges ban on codeine cough drugs, regulator to take call
Codeine formulations constitute 8% of cough and cold market; pharma industry asks govt not to ban a 'safe' medicine for abuse by some
 "Advisory board urges ban on codeine cough drugs, regulator to take call")
HDFC to raise up to Rs 12,000 cr through bonds on private placement basis
Housing Development Finance Corporation (HDFC Ltd) will raise up to Rs 12,000 crore by issuing bonds on a private placement basis next week.
 "HDFC to raise up to Rs 12,000 cr through bonds on private placement basis")
JSW Steel Coated Products gets LoI for National Steel and Agro Industries
NSAIL, which makes flat steel products such as cold-rolled coil, galvanised corrugated sheets, colour coil and pre-painted profile sheets, owes lenders over Rs 1,600 crore
 "JSW Steel Coated Products gets LoI for National Steel and Agro Industries")
Suzlon appoints Vinod R Tanti as chairman and managing director for 3 years
Suzlon Energy on Friday announced the appointment of Vinod R Tanti as its Chairman and Managing Director with immediate effect for the next three years
 "Suzlon appoints Vinod R Tanti as chairman and managing director for 3 years")
Retail jobs in India down 12% amid record festive sales, says report
As e-commerce players earn big this festival season, India saw a de-growth of 11.8 per cent in retail sector jobs from August 2021 to August this year, a report showed on Friday
 "Retail jobs in India down 12% amid record festive sales, says report")
Govt looks to ease compliance burden with new CSR disclosure rules
The new rules have also revised the amount to be spent on impact assessment of CSR projects to 2 per cent of total CSR obligation or Rs 5 million, whichever is higher
 "Govt looks to ease compliance burden with new CSR disclosure rules")