Page 1956 - Company News
Moody's upgrades JSW Steel's corporate family rating to Ba1 from Ba2
Moody's Investors Service on Monday said it has upgraded the JSW Steel Ltd's Corporate Family Rating (CFR) to Ba1 from Ba2.
 "Moody's upgrades JSW Steel's corporate family rating to Ba1 from Ba2")
Aurobindo Pharma receives Sebi's warning letter over ongoing USFDA audit
The letter is in regards to certain disclosures made by the company on the ongoing USFDA audit of company's Unit-1 and observations made by the USFDA between the period 2019 to 2022
 "Aurobindo Pharma receives Sebi's warning letter over ongoing USFDA audit")
Will not spare any effort in pushing up coal output: Coal India Chairman
Coal India braced up to meet its part of committed coal supplies to power sector, says Chairman Pramod Agrawal
 "Will not spare any effort in pushing up coal output: Coal India Chairman")
Bajaj Auto board approves Rs 2,500-cr share buyback at Rs 4,600 per share
On June 14, the company's board had deferred a decision on its proposed share buyback citing further deliberations were required on the proposal
 "Bajaj Auto board approves Rs 2,500-cr share buyback at Rs 4,600 per share")
Will continue to look for acquisition opportunities: Tata Consumer chairman
Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company's chairman N Chandrasekaran said on Monday.
 "Will continue to look for acquisition opportunities: Tata Consumer chairman")
Solv raises $40 million in funding round led by Japan's SBI Holdings
Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings
 "Solv raises $40 million in funding round led by Japan's SBI Holdings")
Proptech startup PropShare raises $47 mn from WestBridge Capital, others
Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes
 "Proptech startup PropShare raises $47 mn from WestBridge Capital, others")
Employee exodus continues at Trell, 100 more leave as firm struggles to pay
Lifestyle social commerce platform Trell has seen another wave of employee exodus as it struggles to pay creators in the country. The company, however, on Monday claimed it has paid all its creators
 "Employee exodus continues at Trell, 100 more leave as firm struggles to pay")
Jaguar parent Tata Motors' bond sinks as weak rupee blights India credit
Those drops coincide with the rupee touching its lowest against the dollar, making it more expensive for the Indian companies already facing the challenge of higher interest rates
 "Jaguar parent Tata Motors' bond sinks as weak rupee blights India credit")
Adani, Ambani make Rs 1.68 trn investment pledge in Rajasthan: Report
Under the 'Invest Rajasthan' outreach programme, Rajasthan received the biggest investment pledges from Gautam Adani-led Adani Group and the Mukesh Ambani-chaired Reliance Industries Ltd
 "Adani, Ambani make Rs 1.68 trn investment pledge in Rajasthan: Report")
Maruti Suzuki betting on hybrids over electric vehicles in clean shift
India's shift to electric vehicles is also much slower than other major markets like China and the US even though PM has committed to making India a net-zero carbon-emitting nation by 2070
 "Maruti Suzuki betting on hybrids over electric vehicles in clean shift")
After 5 months, ONGC finally gets a director on Hindustan Petroleum board
After over five months, Oil and Natural Gas Corporation (ONGC) has finally got a director appointed on the board of Hindustan Petroleum Corporation Ltd -- a firm it had acquired for Rs 36,915 crore
 "After 5 months, ONGC finally gets a director on Hindustan Petroleum board")
Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit
Funds raised for first phase of greenfield plant, firm signs financing documents with SBI-led consortium
 "Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit")
Lenders extends timeline for Reliance Capital resolution by 2 months to Nov
According to the sources, the timelines for resolution process completion and resolution plan submission have been extended due to the cold response from the bidders
 "Lenders extends timeline for Reliance Capital resolution by 2 months to Nov")
V Krishnamurthy, Maruti's former chairman, PSUs' turnaround man, dies at 97
Krishnamurthy was the founder chairman of Maruti Udyog Ltd and is known for working behind the introduction of the iconic Maruti 800
 "V Krishnamurthy, Maruti's former chairman, PSUs' turnaround man, dies at 97")
Will go for Bharat NCAP 'star rating' only if customer wants it: Maruti
Says if buyers want BNCAP rating, they'll be charged for it
 "Will go for Bharat NCAP 'star rating' only if customer wants it: Maruti")
India sitting on 500 million syringe inventory as demand goes down
The government has also cancelled several orders of various manufacturers giving quality reasons
 "India sitting on 500 million syringe inventory as demand goes down")
Yes Bank-Dish TV battle set to move to SC; Goel camp to appeal HC order
Bank's proposal to appoint directors not placed before shareholders yet
 "Yes Bank-Dish TV battle set to move to SC; Goel camp to appeal HC order")
SUVs drive Hyundai Motor India's diesel model sales to three-year high
The local arm of Hyundai Motor has benefitted after some leading manufacturers pulled the plug on diesel models amid tightening regulations
 "SUVs drive Hyundai Motor India's diesel model sales to three-year high")
SBI, other PSU banks commit Rs 6,071 cr to Adani Group for copper business
Kutch Copper, a subsidiary of Adani Enterprises, is setting up a greenfield copper refinery project for production of refined copper with 1 million tonnes per annum in two phases