Page 1870 - Company News
AirAsia India to use CAE's AI training system to train pilot
CAE Rise enables translation of simulator training data into valuable insights for instructors.
 "AirAsia India to use CAE's AI training system to train pilot")
E-commerce firm Meesho eyes to become profitable in 1-2 years: Exec
The target comes at a time when funding for start-ups is in the slow lane
 "E-commerce firm Meesho eyes to become profitable in 1-2 years: Exec")
Reliance Retail enters general trade with its own FMCG grocery brands
In the non-foods space, it has entered the personal care and home care business
 "Reliance Retail enters general trade with its own FMCG grocery brands")
Tata Sons pegs AGR liabilities of two telecom firms at Rs 19,638 cr
Tata Teleservices, one of the first to start wireless telephony services in India, becomes cash burner for group
 "Tata Sons pegs AGR liabilities of two telecom firms at Rs 19,638 cr")
Taiwanese fab major PSMC looking to set up semiconductor plant in India
PSMC is one among several global fab companies interested in taking advantage of the government's incentives to set up semiconductor units in the country.
 "Taiwanese fab major PSMC looking to set up semiconductor plant in India")
Plugging gaps: Vulnerabilities in browsers and how users can dodge them
Google's Chrome browser, older iterations of Apple's iOS and Mac OS operating systems, and some versions of the Android operating system need to be urgently updated and patched.
 "Plugging gaps: Vulnerabilities in browsers and how users can dodge them")
NDTV says exercise of rights by VCPL done without founders' consent
In a curious turn of events, NDTV has said that without any discussion with the New Delhi Television Limited (NDTV) or its founder-promoters, a notice has been served upon them by VCPL
 "NDTV says exercise of rights by VCPL done without founders' consent")
Hindalco Industries earmarks about $8-bn capex over next 5 yrs: K M Birla
Birla further said that 70 per cent of the company's consolidated cash flows will be allocated towards high-growth downstream segments , including EVs, mobility, batteries and Consumer durables.
 "Hindalco Industries earmarks about $8-bn capex over next 5 yrs: K M Birla")
Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr
Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore
 "Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr")
Tata Motors signs PPA with Tata Power to develop onsite solar project
Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here
 "Tata Motors signs PPA with Tata Power to develop onsite solar project")
Adani firms make open offer for acquiring 26% stake in NDTV for Rs 493 cr
NDTV says Adani entities' move to take control of NDTV's major shareholder was without consent from the company or its founders
 "Adani firms make open offer for acquiring 26% stake in NDTV for Rs 493 cr")
Get a masterclass on the art of scale-up from start-up wizards
Tech world's prime-movers set up Artha School of Entrepreneurship.
 "Get a masterclass on the art of scale-up from start-up wizards")
NTPC to raise Rs 2,000 crore through issuance of non-convertible debentures
The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing.
 "NTPC to raise Rs 2,000 crore through issuance of non-convertible debentures")
Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery
Joint venture formed to implement 9 MMTPA refinery project at Cauvery Basin Refinery
 "Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery")
NHPC, BEL ink pact to set up solar equipment manufacturing facility
"A Memorandum of Understanding (MoU) has been signed between NHPC and BEL...for setting up of gigawatt scale vertically integrated solar manufacturing unit," a BSE filing said.
 "NHPC, BEL ink pact to set up solar equipment manufacturing facility")
Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds
Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said
 "Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds")
CCI keeping a close watch on PEs taking board seats in rival firms: Report
While the CCI has no issues with PEs owing minority stakes in rival companies, the watchdog wants these funds to choose only one firm in terms of board representation
 "CCI keeping a close watch on PEs taking board seats in rival firms: Report")
Apple expands self repair programme to Mac notebooks with M1 chip
Self Service Repair for MacBook Air and MacBook Pro offers more than a dozen different repair types for each model, including the display, top case with battery, and trackpad, with more to come
 "Apple expands self repair programme to Mac notebooks with M1 chip")
Apple employees launch petition over company's return-to-office stance
"We believe that Apple should encourage, not prohibit, flexible work to build a more diverse and successful company where we can feel comfortable to 'think different' together" the Apple petition said
 "Apple employees launch petition over company's return-to-office stance")
India's e-commerce firms hire more delivery workers for shopping season
Gig work employment, of which delivery workers and salespersons form a large chunk, is expected to reach 9.9 million in India in 2022-23, up about 45% from 2019-20
