Page 1824 - Company News
With new hotel brands, ITC checks in with 'house of brands' model
ITC has launched two brands - Storii, in the boutique premium segment, offering immersive experiences, and Mementos, a collection of unique luxury properties across destinations
 "With new hotel brands, ITC checks in with 'house of brands' model")
Land deals worth $1.1 bn closed in Jan-Jun across top 8 cities: CII-CBRE
The industrial & Logistics sector is likely to clock a growth of about 12 per cent on an annual basis, with leasing activity remaining range-bound at 28-32 million square feet in 2022
 "Land deals worth $1.1 bn closed in Jan-Jun across top 8 cities: CII-CBRE")
Top headlines: Byju's FY21 losses widen; India's Aug trade deficit doubles
The wholesale price-based inflation eased to 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive.
 "Top headlines: Byju's FY21 losses widen; India's Aug trade deficit doubles")
Housing finance companies' AUM to grow 10-12% in FY23, says CRISIL
Meanwhile, one segment where HFCs have been growing relatively faster is affordable housing loans, where competition from banks is limited
 "Housing finance companies' AUM to grow 10-12% in FY23, says CRISIL")
KPI Green Energy inks PPAs with 6 companies to supply green power
The companies will be supplied power from the upcoming Wind-Solar Hybrid power project at Bhungar site in Bhavnagar district of Gujarat, under the Gujarat Hybrid Power Policy 2018, it stated
 "KPI Green Energy inks PPAs with 6 companies to supply green power")
Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa
It should 'localise smallest of the components' and invest in new technology, says business leader
 "Indian auto industry should aim for higher quality: Maruti Suzuki's Ayukawa")
IBM India joins IT industry's chorus on moonlighting; calls it unethical
Moonlighting, the practice of taking up secondary jobs after the regular work hours, has been highlighted by many tech companies of late
 "IBM India joins IT industry's chorus on moonlighting; calls it unethical")
Flipkart announces The Big Billion Days sale from Sep 23: All details here
Flipkart's flagship event The Big Billion Days will start on September 23 and will go on until September 30
 "Flipkart announces The Big Billion Days sale from Sep 23: All details here")
Tata firm gets letter of award worth Rs 596 crore for MP solar project
Tata Power Solar Systems Ltd (TPSSL) has received a letter of award worth Rs 596 crore from NHDC to set up a 125MWp floating solar project in Madhya Pradesh
 "Tata firm gets letter of award worth Rs 596 crore for MP solar project")
Amazon announces 'Great India Festivals' sale to begin on September 23
As India is set to enter its festive season, Amazon.in, country's leading e-commerce platform is set to launch its annual festive sale.
 "Amazon announces 'Great India Festivals' sale to begin on September 23")
Deep tech start-up Awiros raises $7 mn in series A from Inflexor, Exfinity
Funds will be used by the start-up for product enhancement, building its own developer community and to accelerate growth and global expansion
 "Deep tech start-up Awiros raises $7 mn in series A from Inflexor, Exfinity")
Regulatory assets of discoms increase 88,720 crore in June: Report
Discoms' regulatory assets cumulatively increased to Rs 88,720 crore by June 30, showed government data
 "Regulatory assets of discoms increase 88,720 crore in June: Report")
Centre holds Samsung's incentive of Rs 900 cr under PLI scheme for FY21
The central government has held the disbursement of incentive amount under the PLI scheme to Samsung Electronics for FY21 after some discrepancies were found in the invoices
 "Centre holds Samsung's incentive of Rs 900 cr under PLI scheme for FY21")
Reliance Jio, Bharti Airtel not to hike tariffs for 5G services: Report
The low penetration of 5G handsets and the inability of several handsets to support certain spectrum bands were cited as reasons
 "Reliance Jio, Bharti Airtel not to hike tariffs for 5G services: Report")
5G handsets, tech limitations keep tariff hikes at bay for Jio, Airtel
Telecom operators Reliance Jio and Bharti Airtel are not looking at higher tariffs for 5G services during the initial level of launch in metro cities
 "5G handsets, tech limitations keep tariff hikes at bay for Jio, Airtel")
FinMin okays converting Vodafone Idea's Rs 16,100 cr dues to govt equity
The government of India will own nearly 33% of Vodafone Idea's equity, and become the single-largest shareholder if the deal goes through
 "FinMin okays converting Vodafone Idea's Rs 16,100 cr dues to govt equity")
Byju's audited revenue expected to be lower than projected numbers
Byju Raveendran, co-founder and the CEO of the unicorn, has briefed the shareholders and the board members about the difference
 "Byju's audited revenue expected to be lower than projected numbers")
Freshers take to social media as IT companies delay onboarding process
The IT companies, including Wipro, Infosys, and HCL have, however, stated that all the offers made will be honoured
 "Freshers take to social media as IT companies delay onboarding process")
Essential medicines list updated, adds 34 new drugs and drops 26
Medicines to treat diabetes, HIV, TB, contraceptives, hormonal medicines included in National List of Essential Medicines
 "Essential medicines list updated, adds 34 new drugs and drops 26")
Vedanta-Foxconn sees Guj semiconductor plant reaching break-even in 5 yrs
Signs MoU with state govt; Vedanta to invest $10 billion of the $20 billion earmarked for the project in the first phase
 "Vedanta-Foxconn sees Guj semiconductor plant reaching break-even in 5 yrs")