Page 1950 - Company News
Corrtech International gets Sebi's go-ahead to raise funds through IPO
Corrtech International, a pipeline laying solutions provider, has received capital markets regulator Sebi's go ahead to raise funds through an Initial Public Offering (IPO).
 "Corrtech International gets Sebi's go-ahead to raise funds through IPO")
Windfall tax: $12 margin hit for Reliance; govt to rake in Rs 1.3 trn
However, the earnings impact for RIL is likely to be less material given offsets from marking-to-market for current GRM strength, says a brokerage
 "Windfall tax: $12 margin hit for Reliance; govt to rake in Rs 1.3 trn")
TN: Tata Power to invest Rs 3k cr to set up solar cell manufacturing unit
Tata Power on Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a facility to manufacture solar cells and modules in Tirunelveli
 "TN: Tata Power to invest Rs 3k cr to set up solar cell manufacturing unit")
Bajaj Auto starts share buyback worth Rs 2,500 crore at Rs 4,600 per share
In a regulatory filing, the Pune-based company said the buyback initiative has begun with effect from July 4
 "Bajaj Auto starts share buyback worth Rs 2,500 crore at Rs 4,600 per share")
Hero Electric rolls out first batch of e-scooters from Pithampur facility
EV maker Hero Electric on Monday said it has rolled out its first batch of e-scooters from Mahindra Group's Pithampur manufacturing facility in Madhya Pradesh
 "Hero Electric rolls out first batch of e-scooters from Pithampur facility")
Razorpay appoints former AWS executive Murali Brahmadesam as new CTO
Technology veteran will lead fintech unicorn's engineering strategy and development
 "Razorpay appoints former AWS executive Murali Brahmadesam as new CTO")
NTPC clocks 21.7% growth in power generation at 104.4 bn units in June qtr
State-run power giant NTPC Ltd on Monday said it has registered a 21.7% growth in electricity generation at 104.4 billion units (BU) in the April-June quarter of this financial year
 "NTPC clocks 21.7% growth in power generation at 104.4 bn units in June qtr")
Iron Pillar to raise $400 mn to empower Indian tech startups: Report
Leading investment company Iron Pillar, which backs tech startups in India, is reportedly raising nearly $400 million to further help boost the country's startup ecosystem
 "Iron Pillar to raise $400 mn to empower Indian tech startups: Report")
Demand for CXOs doubles as companies race to hire top executives: Report
The firms are also hiring more leaders at top roles as companies are also reportedly weeding out CXOs who did not meet their performance targets
 "Demand for CXOs doubles as companies race to hire top executives: Report")
Office leasing rises 2.5 fold in Apr-Jun across 6 cities: Colliers India
Gross leasing of office space jumped over 2.5 fold annually in April-June across six major cities at 14.7 million square feet on lower base effect and rise in demand from corporates
 "Office leasing rises 2.5 fold in Apr-Jun across 6 cities: Colliers India")
Adani Enterprises lowest bidder in Coal India's import tender: Report
A total of 11 importers and some overseas traders had shown interest in the tender during the pre-bid meeting
 "Adani Enterprises lowest bidder in Coal India's import tender: Report")
SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year
Multiple new categories and business models have emerged in the last two years in the area of e-commerce
 "SoftBank-backed Unicommerce to deploy tech in 8,000 warehouses by next year")
Fundraising via debt placement down 39% to Rs 32,405 cr in April-May
In comparison, Rs 53,253 crore was raised through the route during April-May 2021-22, data with the Securities and Exchange Board of India (Sebi) showed
 "Fundraising via debt placement down 39% to Rs 32,405 cr in April-May")
HM-European co JV likely to launch two-wheeler EVs by next year
With a current employee strength of around 300, Bose said people will be chosen for the new project according to suitability
 "HM-European co JV likely to launch two-wheeler EVs by next year")
Vedanta Group eyes $3.5-bn turnover from chip biz, one-third from exports
Vedanta Group's global managing director of display and semiconductor business said their JV partner Foxconn has all the agreements and required technologies in place to start making electronic chips
 "Vedanta Group eyes $3.5-bn turnover from chip biz, one-third from exports")
Special treatment for Tesla not in India's interest: Ola's Bhavish Aggarwal
After one scooter caught fire in March, Ola recalled the batch of 1,400
 "Special treatment for Tesla not in India's interest: Ola's Bhavish Aggarwal")
Shareholders expect Reliance Industries to unlock value in telecom, retail
Timeline for the listing of Jio Platforms and retail likely in next annual general meeting
 "Shareholders expect Reliance Industries to unlock value in telecom, retail")
Research-linked incentive scheme in works for pharmaceutical industry
15% turnover investment in research could make companies eligible for the scheme
 "Research-linked incentive scheme in works for pharmaceutical industry")
Suba Group signs master franchise deal with NYSE-listed Hotels
Suba Group to oversee 58 existing and upcoming Choice properties in India; move follows closure by American hospitality chain of its Indian arm
 "Suba Group signs master franchise deal with NYSE-listed Hotels")
ICE feels the ScorpioN sting: SUV maker M&M targets brand building
SUV maker plans to stay aggressive in cranking out new models
 "ICE feels the ScorpioN sting: SUV maker M&M targets brand building")