Page 1864 - Company News
Value of human creativity growing exponentially along with tech: K M Birla
He said that over the coming decade technologists, industrialists, politicians and citizens alike will need to grapple with some existential questions.
 "Value of human creativity growing exponentially along with tech: K M Birla")
Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26
Markets regulator Sebi granted approval for the open offer this week. The open offer is estimated at over Rs 31,000 crore if fully subscribed.
 "Adani to launch open offer to acquire stake in ACC, Ambuja Cement on Aug 26")
Warehousing rents in Mumbai, Bengaluru, Delhi-NCR up 7.2% in FY'22: Report
Mumbai saw an annual growth of 9.3 per cent in prime warehousing rents to Rs 265 per square feet per year in the last fiscal, from Rs 243 per square feet in the previous year.
 "Warehousing rents in Mumbai, Bengaluru, Delhi-NCR up 7.2% in FY'22: Report")
The pink of health: Trade generics now key growth driver for Cipla
Vertical witnesses 25% CAGR in 5 yrs
 "The pink of health: Trade generics now key growth driver for Cipla")
Wockhardt ties up with various partners to roll out products in US market
The Mumbai-based company said it has engaged multiple US Food and Drug Administration approved manufacturing partners in US market, to manufacture various products for sale in US/ North America
 "Wockhardt ties up with various partners to roll out products in US market")
CRISIL downgrades Andhra Pradesh Capital Region's Rs 2,000 cr bonds
The ratings agency CRISIL has downgraded the Andhra Pradesh Capital Region Development Authority's bonds worth Rs 2,000 crore, to 'CRISIL A-(CE)' from 'CRISIL A+(CE)'
 "CRISIL downgrades Andhra Pradesh Capital Region's Rs 2,000 cr bonds")
Larsen & Toubro commissions new green hydrogen plant at Hazira in Gujarat
The plant will produce 45 kg of green hydrogen daily, which will be used for captive consumption in the company's Hazira manufacturing complex
 "Larsen & Toubro commissions new green hydrogen plant at Hazira in Gujarat")
E-commerce company Wayfair lays off 870 people, 5% of its global workforce
E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company's global workforce, as growth it anticipated has not materialised this year.
 "E-commerce company Wayfair lays off 870 people, 5% of its global workforce")
Twitter tells employees bonuses could halve, based on performance: Report
Challenges for Twitter include advertisers' uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase
 "Twitter tells employees bonuses could halve, based on performance: Report")
Adani Power to acquire DB Power for Rs 7,000 cr in an all-cash deal
DB Power has 2 units of 600 MW each of thermal power in Janjgir-Champa district, Chattisgarh
 "Adani Power to acquire DB Power for Rs 7,000 cr in an all-cash deal")
Top headlines: IT services cos' salary costs rise, 5G roll-out to take time
Business Standard brings you the top headlines at this hour
 "Top headlines: IT services cos' salary costs rise, 5G roll-out to take time")
SoftBank taps Sumer Juneja to oversee European investments: Report
Juneja's enhanced role comes amid the impending departures of managing partners Yanni Pipilis and Munish Varma, who are joining a new investment firm led by Misra
 "SoftBank taps Sumer Juneja to oversee European investments: Report")
Edtech start-up Sunstone raises $35 million from WestBridge Capital, others
Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised USD 28 million in Series B in October 2021
 "Edtech start-up Sunstone raises $35 million from WestBridge Capital, others")
July witnesses sharp decline in M&A values, PE deals, says report
The start-up and IT sectors continued to dominate deal activity with nine deals each cumulatively valued at $162 million
 "July witnesses sharp decline in M&A values, PE deals, says report")
Number of companies looking for freshers to triple in H2CY22, shows data
The study, which analyses freshers' hiring sentiment, covers 865 companies across 18 industries and 14 locations
 "Number of companies looking for freshers to triple in H2CY22, shows data")
Akasa Air expects to operate over 150 weekly flights by September end
Akasa Air, which commenced services on the Bengaluru-Mumbai route on Friday, expects to operate more than 150 weekly flights by the end of September
 "Akasa Air expects to operate over 150 weekly flights by September end")
Why pilot samples that fail drug test have to be sent to labs abroad
DGCA rules highlight limited capabilities among private labs in India to confirm drug tests
 "Why pilot samples that fail drug test have to be sent to labs abroad")
NTPC starts capturing CO2 from flue gas stream at Vindhyachal plant
The power major has also forayed into a variety of business areas, including fuel cells, e-mobility and waste-to-energy
 "NTPC starts capturing CO2 from flue gas stream at Vindhyachal plant")
Adani Group gets approval for $3.8 billion open offer for Ambuja, ACC
Adani's open offer price for Ambuja is at a 6 per cent discount compared to Thursday's closing price, while that for ACC is at a one per cent discount, data from BSE shows
Slowing economy affected profits, wages but investments upbeat in FY20
Annual Survey of Industries shows that firms' GVA shrank 3.4%, while GFCF touched 8-year high
 "Slowing economy affected profits, wages but investments upbeat in FY20")