Page 1967 - Company News
Varun Beverages' Jaipuria settles case with Sebi after paying Rs 56 lakh
"This settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Ravi Kant Jaipuria vide SCN... dated December 21, 2021," Sebi said in its order.
 "Varun Beverages' Jaipuria settles case with Sebi after paying Rs 56 lakh")
EV charging stations to be installed by Jio-bp at Nexus Malls' properties
"As part of this partnership, Nexus malls will be installed with 24x7 charging infrastructure for two and four-wheeler EVs," Jio-bp said in a statement.
 "EV charging stations to be installed by Jio-bp at Nexus Malls' properties")
Macrotech Developers to provide warehousing space to Skechers near Mumbai
The company said it has "closed a built-to-suit transaction with Skechers to develop 1.1 million square feet at National Distribution Centre (NDC) at Lodha Industrial and Logistics Park, Palava".
 "Macrotech Developers to provide warehousing space to Skechers near Mumbai")
Bengaluru: Karnataka CM Bommai inaugurates largest IKEA store in India
With a planned investment of Rs 3,000 crore in Karnataka, IKEA is expecting to attract close to five million visitors this year in Bengaluru, the company had said on Tuesday.
 "Bengaluru: Karnataka CM Bommai inaugurates largest IKEA store in India")
Number of ITC employees with over Rs 1 cr salary rises to 220 in FY22
The gross remuneration drawn by ITC Chairman & Managing Director Sanjiv Puri in FY22 was up 5.35% to Rs 12.59 cr
 "Number of ITC employees with over Rs 1 cr salary rises to 220 in FY22")
TCS bags deal from Aadhar Housing Finance to improve business operations
The partnership with TCS is for an end-to-end business process transformation using the integrated and collaborative blockchain-based cloud platform.
 "TCS bags deal from Aadhar Housing Finance to improve business operations")
Relief for telcos as DoT scraps 3% floor rate on 5G spectrum usage charge
The government is set to launch 5G spectrum bids at the end of next month
 "Relief for telcos as DoT scraps 3% floor rate on 5G spectrum usage charge")
ED attaches Rs 26.93 cr assets of EMTA Coal Ltd, its directors and partner
The Enforcement Directorate (ED) has attached immovable and movable assets valued at Rs 26.93 crore belonging to EMTA Coal Ltd and its partners and Directors in a coal block case
 "ED attaches Rs 26.93 cr assets of EMTA Coal Ltd, its directors and partner")
BPCL halves crude runs at Mumbai refinery; plans repairs at other plants
BPCL has shut half of its crude processing capacity at its 240,000 barrels per day (bpd) Mumbai refinery in western India since June 10
 "BPCL halves crude runs at Mumbai refinery; plans repairs at other plants")
No purchase of coal from Russia after April 20 announcement: Tata Steel
Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said
 "No purchase of coal from Russia after April 20 announcement: Tata Steel")
Okinawa Autotech to invest Rs 500 cr for manufacturing plant in Rajasthan
Electric two-wheeler maker Okinawa Autotech on Wednesday said it will invest Rs 500 crore to set up a new manufacturing plant at Karoli in Rajasthan
 "Okinawa Autotech to invest Rs 500 cr for manufacturing plant in Rajasthan")
Zuckerberg says Meta won't take commission from creators until 2024
Meta CEO Mark Zuckerberg has said that the company will "hold off on any revenue sharing" until 2024, a one-year extension of his prior pledge to not charge a commission until 2023.
 "Zuckerberg says Meta won't take commission from creators until 2024")
Average salary of Indian CEOs hits 3-year high of Rs 11.2 cr in FY22
This compensation average includes both, promoter CEOs' salary as well as professional CEOs and also accounts long-term incentives (LTIs)
 "Average salary of Indian CEOs hits 3-year high of Rs 11.2 cr in FY22")
Delhi HC grants time to DMRC to pay remaining arbitral amount to DAMEPL
The Delhi High Court on Monday granted time to Delhi Metro Rail Corporation till August 5, after noting that it has called for a proposal from banks for the loan
 "Delhi HC grants time to DMRC to pay remaining arbitral amount to DAMEPL")
Kellogg to split into three; to focus on snacks, cereals and plant foods
Kellogg will focus on its other verticals on priority after the split is officiated. The name of the independent verticals have not been decided yet
 "Kellogg to split into three; to focus on snacks, cereals and plant foods")
Go First to resume Srinagar-Sharjah services by the end of this month
The airline said it has recently received the bilateral rights to operate five flights per week on the Srinagar-Sharjah-Srinagar route and is awaiting the final approval
 "Go First to resume Srinagar-Sharjah services by the end of this month")
PVR, Inox get SEBI nod for merger to create India's largest multiplex chain
PVR promoters will have a 10.62% in the combined entity; Inox's side will have a 16.66%
 "PVR, Inox get SEBI nod for merger to create India's largest multiplex chain")
In five years, 39% mobile users in India will use 5G, says Ericsson report
Sees half a billion such users by 2027, high growth in number of smartphone users and spike in average usage per smartphone
 "In five years, 39% mobile users in India will use 5G, says Ericsson report")
Edtech company Unacademy appoints Navneet Sharma as chief business officer
Sharma will be responsible for formulating new avenues of growth for the digital and hybrid models for the test prep business
 "Edtech company Unacademy appoints Navneet Sharma as chief business officer")
India's new unicorn LeadSquared raises $153 mn from WestBridge Capital
LeadSquared previously raised $32 million led by Gaja Capital in 2020, and $3 million during its Series A led by Stakeboat Capital in 2019
 "India's new unicorn LeadSquared raises $153 mn from WestBridge Capital")