Page 1817 - Company News
Dubai-based Mark ab Capital invests Rs 350 crore in Shriram EPC equity
The Dubai-based company has bought 26.48% stake in the turnkey solutions firm and has become its promoter
 "Dubai-based Mark ab Capital invests Rs 350 crore in Shriram EPC equity")
DLF targets Rs 1,800 cr sales revenue from new luxury project in Gurugram
In the last 20 months, the company has successfully launched and sold independent floor worth Rs 3,000 crore
 "DLF targets Rs 1,800 cr sales revenue from new luxury project in Gurugram")
HAL sets up Rs 208 crore rocket engine manufacturing facility for Isro
The Hindustan Aeronautics Limited has set up a Rs 208 crore Integrated Cryogenic Engine Manufacturing Facility (ICMF) here that would cater to the entire rocket engine production under one roof
 "HAL sets up Rs 208 crore rocket engine manufacturing facility for Isro")
Tata Motors to continue investing around Rs 2,000 cr per annum on CV biz
Tata Motors plans to continue investing in the range of Rs 2,000 crore in its commercial vehicle business per annum going ahead in order to drive in new models based on various kinds of powertrains
 "Tata Motors to continue investing around Rs 2,000 cr per annum on CV biz")
Goldi Solar to invest Rs 5,000 cr to raise module manufacturing capacity
The renewable energy business expansion will be channelled into auxiliary production, including aluminium frames, junction boxes, backsheet, etc, Dholakiya said.
 "Goldi Solar to invest Rs 5,000 cr to raise module manufacturing capacity")
Google's India policy head Archana Gulati resigns, says report
At Google, Gulati led a team of public policy executives who look at various regulatory implications for the company in India, one of its key growth markets
 "Google's India policy head Archana Gulati resigns, says report")
63 moons to discontinue exchange tech support to MCX after Sep 30
MCX shall not be entitled to receive any support on the Exchange Technology software after September 30, 2022, if the trading or settlement system halts for any reason, it said
 "63 moons to discontinue exchange tech support to MCX after Sep 30")
DTAB to review 19 fixed-dose combinations drugs, codeine formulations today
CDSCO aims to phase out these combinations and codeine-based drugs in a phased manner
 "DTAB to review 19 fixed-dose combinations drugs, codeine formulations today")
Nearly 50% homebuyers expect property prices to increase: Report
Services activity, hiring and stable unemployment rate helping consumer confidence, it says
 "Nearly 50% homebuyers expect property prices to increase: Report")
Samsung launches credit card in India with 10% cashback on its products
Samsung India on Monday announced its first-ever credit card in India in partnership with Axis Bank and Visa, that will give customers 10 per cent cashback across all Samsung products and services
 "Samsung launches credit card in India with 10% cashback on its products")
E-commerce platform magicpin announces multiple leadership appointments
The new appointments are part of building the magicpin organisation as it prepares for its next phase of growth, and span product, marketing, technology and operations
 "E-commerce platform magicpin announces multiple leadership appointments")
Full backlog of over 250,000 Covid-19 refunds processed: Air India
Acknowledging that refunds have been an issue for many airlines during the global pandemic and subsequent recovery, Air India on Monday shared details
 "Full backlog of over 250,000 Covid-19 refunds processed: Air India")
PVR to invest Rs 350 cr in 100 new screens; expects Inox merger by Feb 2023
Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official said on Monday
 "PVR to invest Rs 350 cr in 100 new screens; expects Inox merger by Feb 2023")
Healthtech start-up Butterfly Learnings raises $1.5 mn in seed funding
Round saw participation from Insitor Partners, 9Unicorns, Venture Catalysts and a clutch of other investors
 "Healthtech start-up Butterfly Learnings raises $1.5 mn in seed funding")
E-com firms log 28% rise in orders in first 2 days of festive season: Study
Personal care and electronics excluding cell phones are the two top categories in terms of sales
 "E-com firms log 28% rise in orders in first 2 days of festive season: Study")
Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan
The greenfield facility by Hero Electric will be spread over 170 acres and have an annual capacity of manufacturing 2 million units
 "Hero Electric to set up Rs 1,200 crore manufacturing unit in Rajasthan")
WAPCOS files IPO papers with Sebi as govt sets new divestment targets
Public sector firm WAPCOS Ltd has filed preliminary papers with capital markets regulator Sebi to float an Initial Public Offering
 "WAPCOS files IPO papers with Sebi as govt sets new divestment targets")
IPO-bound boAt parent to scale up local manufacturing for global expansion
The company is awaiting regulatory nod for a Rs 1,100-crore public issue, of which Rs 900 crore will be fresh issue and the rest offer-for-sale.
 "IPO-bound boAt parent to scale up local manufacturing for global expansion")
Digital banking infra provider Signzy raises Rs 210 crore from investors
Digital banking infrastructure provider Signzy on Monday said it has raised Rs 210 crore (about $26 million) from Gaja Capital and its existing investors, Vertex Ventures and Arkam Ventures.
 "Digital banking infra provider Signzy raises Rs 210 crore from investors")
Tata Sons to halve the number of listed companies from 29 to 15: Report
Under the current chairman N Chandrasekaran, Tata Sons has been taking steps to consolidate its business to improve its efficiency