Page 1792 - Company News
SAIL inks pact with AAI for initiation of commercial flights from Rourkela
State-owned SAIL on Friday said that it has entered into a pact with Airport Authority of India (AAI) for facilitating the start of commercial flights from Rourkela in Odisha
 "SAIL inks pact with AAI for initiation of commercial flights from Rourkela")
AMNS India to invest Rs 60,000 crore to expand Hazira plant: Chairman
ArcelorMittal's arm AMNS India will invest Rs 60,000 crore to scale up capacity of its steel plant here to 15 million tonnes (MT), the company's chairman Aditya Mittal said on Friday
 "AMNS India to invest Rs 60,000 crore to expand Hazira plant: Chairman")
Indus Towers accepts Vodafone Idea's payment plan for its dues
Indus Towers posted a net profit of Rs 872 crore in the second quarter of the fiscal year (FY2023) on a revenue of Rs 7,967 crore
 "Indus Towers accepts Vodafone Idea's payment plan for its dues")
Eveready PAT dips 52% to Rs 15 cr on non-cash charge of unamortised fees
Company says the charge will even out for the full year; revenue up 5% to Rs 376 cr
 "Eveready PAT dips 52% to Rs 15 cr on non-cash charge of unamortised fees")
Equity issue to govt is precondition for Vodafone Idea debenture issue
Last Friday, firm's Vi decided to issue 16,000 OCDs to American Tower Corporation and raise Rs 1,600 cr. Company has convened EGM on November 21 to approve the plan
TVS Supply Chain Solutions to double employee count in Tamil Nadu
The centre of excellence is the core unit of the global operations of the company and would strengthen the leadership of TVS Supply Chain Solutions as a technology-led global supply chain player
 "TVS Supply Chain Solutions to double employee count in Tamil Nadu")
RISE, along with ThriveDX, hosts India's largest Cybersecurity hackathon
RISE, in Collaboration with ThriveDX, Hosts the Largest Cybersecurity Hackathon in India with Over 22,000 Participants
 "RISE, along with ThriveDX, hosts India's largest Cybersecurity hackathon")
Kinara Capital closes Rs 200 crore in fresh equity round, led by BII
Kinara Capital, a fintech company serving small business entrepreneurs, on Friday announced closing a fresh equity round of approximately Rs 200 crore led by British International Investment
 "Kinara Capital closes Rs 200 crore in fresh equity round, led by BII")
Foxconn's China iPhone factory in disarray due to Covid outbreak: Report
Foxconn's factory in Zhengzhou in central China is the world's largest assembly plant for Apple's iPhones
 "Foxconn's China iPhone factory in disarray due to Covid outbreak: Report")
Xiaomi sells six million devices across categories in festive sales
The sale was carried on both online and offline and was twice as much as achieved last year
 "Xiaomi sells six million devices across categories in festive sales")
Intel set to lay-off employees as it cuts billions of dollars in spending
Chip-maker Intel will begin to lay off workers soon as the company plans to drive nearly $3 bn in annual savings in the near term and $8 bn to $10 bn by the end of 2025
 "Intel set to lay-off employees as it cuts billions of dollars in spending")
Infy declares interim dividend; UK PM's wife Akshata to get Rs 64.27 cr
Software giant Infosys declared an interim dividend of Rs 16.50 per equity share for shareholders for 2022-23, while Akshata Murthy, wife of UK PM Rishi Sunak, will get a dividend of Rs 64.27 crore.
 "Infy declares interim dividend; UK PM's wife Akshata to get Rs 64.27 cr")
Audio gear, wearable tech firm boAt raises $60 mn, defers IPO plan
Funding will be used for the company's plans to the lead smartwatch category, strengthen role in audio
 "Audio gear, wearable tech firm boAt raises $60 mn, defers IPO plan")
CK Birla Group eyes over 100 fertility clinics in three to four years
India is home to 28 million couples with fertility-related issues
 "CK Birla Group eyes over 100 fertility clinics in three to four years")
Vedanta arm wins 10-year production sharing contract for Rajasthan block
Cairn Oil & Gas recently won eight oil blocks and one coal-bed methane (CBM) block under the DSF Round III bids, taking the company's total assets in the country to 62
 "Vedanta arm wins 10-year production sharing contract for Rajasthan block")
IFCI raises Rs 100 crore via preferential allotment of shares to govt
Long-term infrastructure financier IFCI Ltd on Thursday raised Rs 100 crore through preferential allotment of shares to the government
 "IFCI raises Rs 100 crore via preferential allotment of shares to govt")
Apple's revenue, profit up despite slowing economy; not immune to recession
Apple managed to boost its sales, profit during summertime quarter that depressed fortunes of many major tech companies, but that doesn't necessarily mean it will be immune to a potential recession
 "Apple's revenue, profit up despite slowing economy; not immune to recession")
Market value up, but volumes declining in India: Unilever CEO Alan Jope
"We are confident of HUL's ability to continue to grow ahead of the market and we see that reflecting in very strong market share performance," Jope said
 "Market value up, but volumes declining in India: Unilever CEO Alan Jope")
Infibeam Avenues gets RBI in-principle nod for payment aggregator licence
The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license
 "Infibeam Avenues gets RBI in-principle nod for payment aggregator licence")
Govt target of 10K new 5G towers per week is far off, say industry sources
Industry executives say the availability of 5G radios, environmental conditions and approval process is dictating the pace.
 "Govt target of 10K new 5G towers per week is far off, say industry sources")