Page 1813 - Company News
AMNS India to invest $1 billion in downstream sector: Aditya Mittal
According to a statement, this was the first such meeting since Luxembourg-based ArcelorMittal and Japan's Nippon Steel jointly acquired the asset in December 2019
 "AMNS India to invest $1 billion in downstream sector: Aditya Mittal")
Swedish weapons giant Saab to build Carl-Gustaf M4 rocket launcher in India
Swedish weapons giant says legacy supply chain can switch to new product
 "Swedish weapons giant Saab to build Carl-Gustaf M4 rocket launcher in India")
Ontario Teachers' opens India office, hires Keki Mistry as advisor
The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity
 "Ontario Teachers' opens India office, hires Keki Mistry as advisor")
This is why Byju Raveendran's last 6 months were 'toughest', reveals wife
BYJU's Co-founder Divya Gokulnath revealed that last 6 months were super tough for her husband not only on professional front, but also in personal life as his father was fighting late-stage cancer
 "This is why Byju Raveendran's last 6 months were 'toughest', reveals wife")
Stay committed to patients in India and Fortis Healthcare, says IHH
Taking legal advice on next steps to pursue open offer for 26% stake in Fortis
 "Stay committed to patients in India and Fortis Healthcare, says IHH")
Piramal Finance MD sees no slowdown in credit growth despite rising rates
The company typically draws its customers from the self-employed category with a monthly take-home income of anywhere between 15,000 rupees ($183.99) to 60,000 rupees
 "Piramal Finance MD sees no slowdown in credit growth despite rising rates")
Walmart on a drive to attract Indian sellers to its Canadian marketplace
The US retail giant operates more than 400 stores and is one of the largest online retailers and fastest growing marketplace platforms in Canada
 "Walmart on a drive to attract Indian sellers to its Canadian marketplace")
Battery manufacturers get more time to comply with additional safety norms
The government has deferred the implementation of additional provisions in the battery safety standards, which were to begin from October 1, to give manufacturers more time to comply with new norms
 "Battery manufacturers get more time to comply with additional safety norms")
True North acquires minority stake via own fund in Accion Group for $93 mn
Accion Labs is focused on digital transformation in global enterprises and tech firms. It has more than 4,800 employees globally, spread over 20 locations
 "True North acquires minority stake via own fund in Accion Group for $93 mn")
Motovolt Mobility plans to invest Rs 200 crore next year for expansion
The company, which on Tuesday launched its electric bike URBN in two variants priced at Rs 49,999 and Rs 54,999, is looking to set up satellite manufacturing units to be closer to the market
 "Motovolt Mobility plans to invest Rs 200 crore next year for expansion")
IHH in talks with Indian authorities over stalled open offer in Fortis
Malaysia's IHH Healthcare is in discussions with relevant authorities in India to determine the next step for its stalled open offer for an additional 26.1 per cent stake in Fortis Healthcare
 "IHH in talks with Indian authorities over stalled open offer in Fortis")
Adani Group to invest $100 bn in a decade, focus on energy transition
Company in sight to become one of the least expensive producers of green electron and green hydrogen, says Gautam Adani
 "Adani Group to invest $100 bn in a decade, focus on energy transition")
LIC buys over 2% stake in Bharat Petroleum for nearly Rs 1,598 crore
BPCL has a market capitalisation of Rs 67,301 crore, which is in the refining of crude oil and marketing of petroleum products
 "LIC buys over 2% stake in Bharat Petroleum for nearly Rs 1,598 crore")
63 moons to provide next-gen tech to Italian firm; eyes pan-European mkts
63 moons technologies, formerly known as Financial Technologies, on Tuesday said it will provide next-generation technology solutions to Italy-based Spuma SRL as it targets pan-European markets.
 "63 moons to provide next-gen tech to Italian firm; eyes pan-European mkts")
Reliance Retail launches lifestyle departmental store format Centro
Will have over 300 Indian and International brands in categories such as apparels, footwear, cosmetics, lingerie, sportswear, luggage and accessories
 "Reliance Retail launches lifestyle departmental store format Centro")
Prasar Bharati considers launching children's TV channel under Doordarshan
Content for DD Kids will come from broadcaster's library and partnerships with animation studios and production houses: sources
 "Prasar Bharati considers launching children's TV channel under Doordarshan")
Reliance Retail launches fashion and lifestyle departmental store 'Centro'
First Reliance Centro store opened in Vasant Kunj, Delhi on Tuesday
 "Reliance Retail launches fashion and lifestyle departmental store 'Centro'")
True North and others invest $93 million in US-based Accion Labs
The stake in the USA's Pittsburg-based Accion has been acquired by the True North-advised Indium VI (Mauritius) Holdings from private equity fund TA Associates and other shareholders
Omega Seiki Mobility to supply over 5K electric cargo 3-wheelers to Porter
The logistics firm already has 1,000 EVs in its fleet and it is looking to expand it five times by next year
 "Omega Seiki Mobility to supply over 5K electric cargo 3-wheelers to Porter")
Top headlines: Adani's $100-bn green energy push; Saab to produce in India
The group has earmarked 70 per cent of its new investments for energy transition space and infrastructure. "We are already the world's largest solar player, and we intend to do far more
 "Top headlines: Adani's $100-bn green energy push; Saab to produce in India")