Page 1853 - Company News
Investment in cell manufacturing to exceed $9 billion by 2030: ICRA
'The annual battery demand for stationary applications is also likely to grow at a rapid pace and be substantial'
 "Investment in cell manufacturing to exceed $9 billion by 2030: ICRA")
Volatility may be a good thing for investors considering Info Edge stock
Analysts bullish about holding company of popular websites like Naukri and 99acres despite value erosion of Zomato, Policybazaar, its investee firms
 "Volatility may be a good thing for investors considering Info Edge stock")
Dish TV stock jumps 20% as chairman Jawahar Goel announces exit
The stock touched an intra-day high of Rs 14.46 apiece on the BSE, closing trade at Rs 14.24 a share, up 19 per cent over the previous day's close
 "Dish TV stock jumps 20% as chairman Jawahar Goel announces exit")
Yamuna Kumar Chaubey gets charge of NHPC chairman and managing director
State-owned hydro power giant NHPC on Thursday said that its Director (Technical) Yamuna Kumar Chaubey has been given the charge of Chairman and Managing Director for three months beginning September 1.
 "Yamuna Kumar Chaubey gets charge of NHPC chairman and managing director")
Adani rejects NDTV's claims that stake sale needs I-T Dept's nod
NDTV promoter group firm RRPR Holding has told VCPL, which along with two other Adani group firms has launched a hostile takeover bid for the media firm
 "Adani rejects NDTV's claims that stake sale needs I-T Dept's nod")
As RIL announces big capex plans, analysts fear dent in return ratios
Speaking at the AGM, Mukesh Ambani announced plans to invest Rs 2 trillion in set-up a nationwide fifth generation (5G) mobile network by the end of next year
 "As RIL announces big capex plans, analysts fear dent in return ratios")
TPG weighing majority stake sale in Fourth Partner Energy: Report
The private equity firm is working with an adviser on the deal, said the people.. A stake sale could value Fourth Partner at around $600 million, the people said.
 "TPG weighing majority stake sale in Fourth Partner Energy: Report")
Adani Enterprises to enter Nifty 50 index in a new boost for Gautam Adani
Adani Enterprises will replace Shree Cement in the most tracked stocks gauge in India on September 30
 "Adani Enterprises to enter Nifty 50 index in a new boost for Gautam Adani")
Power exchanges clock growth despite pending discom dues worth Rs 1.32 trn
A third player starts operations, pointing to the potential of this nascent business
 "Power exchanges clock growth despite pending discom dues worth Rs 1.32 trn")
Reckitt CEO resign on personal grounds; Durante to hold fort in interim
"The chairman and the nomination committee have begun the process to identify the best long-term candidate to take Reckitt on the next phase of its growth and transformation journey," the company said
 "Reckitt CEO resign on personal grounds; Durante to hold fort in interim")
UPI processes over 6.5 billion transactions in August worth Rs 10.72 trn
Thus far in FY23, UPI has recorded over 30 billion transactions worth Rs 51.74 trillion
 "UPI processes over 6.5 billion transactions in August worth Rs 10.72 trn")
After Patanjali, Reliance Retail could be the next big disruptor in FMCG
Other FMCG companies will have to increase their advertising spends in segments Reliance makes a meaningful acquisition in order to stay competitive.
 "After Patanjali, Reliance Retail could be the next big disruptor in FMCG")
Zee is in talks with CCI to get approval for merger with Sony Entertainment
As per the BARC data for the ongoing financial year (2023), the merged entity has 36 per cent TV viewership market share in the Hindi GEC segment, and 33 per cent in the Hindi movies channels.
 "Zee is in talks with CCI to get approval for merger with Sony Entertainment")
Profits elusive for Amazon India despite $6.5 bn investment: Bernstein
Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group
 "Profits elusive for Amazon India despite $6.5 bn investment: Bernstein")
Aurobindo Pharma's arm to invest around Rs 300 cr for capacity expansion
Aurobindo Pharma on Thursday said its wholly-owned arm, CuraTeQ Biologics, plans to invest around Rs 300 crore on capacity expansion of biologics manufacturing facilities
 "Aurobindo Pharma's arm to invest around Rs 300 cr for capacity expansion")
SBI slashes India's FY23 growth forecast to 6.8% on way-below Q1 numbers
Though GDP grew in double-digits but still it came way below market expectations and the primary culprit is growth in manufacturing sector, which grew by a measly 4.8% in Q1, says SBI chief economist
 "SBI slashes India's FY23 growth forecast to 6.8% on way-below Q1 numbers")
Hero MotoCorp total sales jumps 1.92% to 462,608 units in August
Hero MotoCorp on Thursday reported a 1.92 per cent increase in total sales at 4,62,608 units in August 2022.
 "Hero MotoCorp total sales jumps 1.92% to 462,608 units in August")
IndiGo plane enroute to Udaipur suffers engine vibrations; returns to Delhi
An IndiGo aircraft enroute to Udaipur returned to the national capital on Thursday due to "engine vibrations" and the plane has been grounded, according to a senior DGCA official
 "IndiGo plane enroute to Udaipur suffers engine vibrations; returns to Delhi")
LIC intends to raise market share in non-participating biz: Chairman
Country's largest insurer LIC intends to raise its market share in non-participating insurance products as well as diversify the channel mix, a top company official said
 "LIC intends to raise market share in non-participating biz: Chairman")
Profits elude Amazon India despite $6.5 billion investment: Bernstein
Faces 'immense competitive pressure' and 'unfavourable regulatory environment', says US research group
 "Profits elude Amazon India despite $6.5 billion investment: Bernstein")