Page 1942 - Company News
Mahindra Holidays plans to add 1,000 rooms in next 2-3 yrs: Chairman
Nanda said the firm is looking at greenfield projects, expansion of existing facilities, acquisition and lease opportunities to drive a significant growth in room inventory in the next few years.
 "Mahindra Holidays plans to add 1,000 rooms in next 2-3 yrs: Chairman")
Blue Star eyes Rs 10k cr revenue in medium term, to enter western countries
Air conditioning and commercial refrigeration major Blue Star aims to grow its revenue to Rs 10,000 crore in the medium term and plans to enter North American and European markets
 "Blue Star eyes Rs 10k cr revenue in medium term, to enter western countries")
CoinSwitch appoints former Myntra VP as head of crypto engineering
Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US
 "CoinSwitch appoints former Myntra VP as head of crypto engineering")
e-con Systems opens new site in Bengaluru, eyes $10 million funding
e-con Systems plans to ramp up employee base by 50%, with focus on salesforce and R&D personnel
 "e-con Systems opens new site in Bengaluru, eyes $10 million funding")
Mahindra aims to lead electric SUV sales in India with new EV unit
India's EV market, dominated by Tata Motors, represents only 1% of the country's annual sales of about 3 million vehicles
 "Mahindra aims to lead electric SUV sales in India with new EV unit")
Oberoi Realty Q1 sales booking jumps manifold to Rs 752 crore in June
In terms of volume, Oberoi Realty's sales bookings stood at 4,01,182 square feet in April-June 2022 as compared to 92,128 square feet in the year-ago period
 "Oberoi Realty Q1 sales booking jumps manifold to Rs 752 crore in June")
City Union Bank, Shriram Gen Insurance tie up for distribution of products
Shriram will offer personal insurance products such as motor, personal accident, home and travel along with commercial ones such as property, marine and engineering to bank's customers
 "City Union Bank, Shriram Gen Insurance tie up for distribution of products")
How Indian cement maker Ultratech bought Russian coal using yuan
There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine
 "How Indian cement maker Ultratech bought Russian coal using yuan")
Huawei India sent Rs 750 crore to parent firm even as revenues fell: Report
The I-T department has accused Huawei's Indian unit of repatriating large amounts to the parent company in China to reduce its taxable income here
 "Huawei India sent Rs 750 crore to parent firm even as revenues fell: Report")
Passengers start avoiding SpiceJet after mid-air safety failures: Survey
Passengers are starting to avoid SpiceJet Ltd. after a series of mid-air safety failures, according to a survey, dealing a blow to the cash-strapped airline
 "Passengers start avoiding SpiceJet after mid-air safety failures: Survey")
UK's BII, M&M to invest $500 million in new EV entity valued at $9 billion
The total capital infusion for the EV Co. is envisaged to be approximately Rs 8,000 cr/$1 billion between FY24 and FY27
 "UK's BII, M&M to invest $500 million in new EV entity valued at $9 billion")
What is behind reliance retail's expansion spree?
Reliance recently partnered with GAP to bring the luxury brand to India. Reliance has also brought home some 35 international brands. Let's explore the growth strategy of Reliance Retail.
 "What is behind reliance retail's expansion spree?")
Digital manufacturing firm Zetwerk elevates Ankit Fatehpuria as co-founder
The firm said he will now be even more closely involved in helping Zetwerk's mission to modernise manufacturing and to build an enduring company
 "Digital manufacturing firm Zetwerk elevates Ankit Fatehpuria as co-founder")
Can incidents involving SpiceJet be brushed aside as blip?
Nine technical glitches in the last two months in SpiceJet are not only unusual, but alarming too. Find out if the incidents can be brushed aside as aberrations? Or does it call for a reality check?
 "Can incidents involving SpiceJet be brushed aside as blip?")
Going off-patent, key diabetes drug likely to get 50-70% cheaper
Several drugs going off-patent in the anti-diabetes category have shaken up the market share dynamics
 "Going off-patent, key diabetes drug likely to get 50-70% cheaper")
Vivo India transferred Rs 62,476 crore to China to avoid paying taxes: ED
According to the agency, 18 companies helped the smartphone maker to transfer 50 per cent of the turnover outside India, mainly China
 "Vivo India transferred Rs 62,476 crore to China to avoid paying taxes: ED")
Reconsider Cairn UK's complaint against Vedanta: SAT to Sebi
The tribunal has asked Sebi probe the violations and "take it to its logical conclusion within six months from today"
 "Reconsider Cairn UK's complaint against Vedanta: SAT to Sebi")
Tax probe heat on Micro Labs, maker of India's go-to fever pill Dolo-650
During Covid-19, most patients were suffering from high temperatures, and the sales of this brand skyrocketed
 "Tax probe heat on Micro Labs, maker of India's go-to fever pill Dolo-650")
Dr Reddy's Lab says its Andhra plant gets two observations from USFDA
Dr Reddy's Laboratories Ltd on Thursday said the US health regulator has issued Form 483 with two observations after inspecting its manufacturing facility located at Srikakulam in Andhra Pradesh.
 "Dr Reddy's Lab says its Andhra plant gets two observations from USFDA")
Power Finance Corporation inks pact with JBIC for $220-million loan
"PFC has signed a loan agreement for JPY 30 Billion with Japan Bank for International Cooperation (JBIC) on 7th July, 2022," the company said in a statement
 "Power Finance Corporation inks pact with JBIC for $220-million loan")