Page 2017 - Company News
Tata Group making plans for battery firm in India, abroad: N Chandrasekaran
The group is making a transition towards sustainability across businesses which includes a clean mobility push at Tata Motors and its British luxury unit Jaguar Land Rover, N Chandrasekaran said
 "Tata Group making plans for battery firm in India, abroad: N Chandrasekaran")
Apple iPhones to shun Lightning port and get USB-C in 2023: Analyst
Apple is set to abandon iPhone Lightning port in favour of the universally accepted USB-C smartphone port in 2023, a top Apple analyst claimed on Wednesday.
 "Apple iPhones to shun Lightning port and get USB-C in 2023: Analyst")
Indian companies should hit sustainability targets abroad, not just at home
Activist investors on the lookout for "greenwashing" have to be careful of the unintended consequences of their choices
 "Indian companies should hit sustainability targets abroad, not just at home")
Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill
The new facility will increase Novelis's, unit of Hindalco, recycling capacity to 90 billion cans globally, from 74 billion currently
 "Birla's Hindalco Industries plans $2.5 billion US aluminium recycling mill")
Toyota plans to make EV parts in India for domestic, export markets
The move follows the company's recent announcement that it will invest 48 bn rupees ($621 mn) in India to localise the supply chain for EVs, and is also part of its broader 2050 carbon-neutrality goal
 "Toyota plans to make EV parts in India for domestic, export markets")
Amazon, Disney, and now Google also interested in IPL broadcast rights
Google's interest in the global media rights of India's top cricket league intensifies the fight for a sports event that has emerged as the world's third-largest
 "Amazon, Disney, and now Google also interested in IPL broadcast rights")
Delhivery may hit a valuation hurdle amid near term concerns: Brokerages
However, Delhivery's growth opportunities, its business model and revenue trajectory are positive triggers, say brokerages
 "Delhivery may hit a valuation hurdle amid near term concerns: Brokerages")
Why are top Indian companies vying for Holcim's India assets Ambuja and ACC
The race is on to acquire Ambuja Cements and ACC. Why do India's leading firms want to buy Holcim's stake? And why did the Swiss company decide to quit India which contributes 27% of its global sales?
 "Why are top Indian companies vying for Holcim's India assets Ambuja and ACC")
Valuation hurdle may limit gains in Asian Paints despite stellar Q4
While demand stays strong, raw material movement/further price hikes could hit sales/margins
 "Valuation hurdle may limit gains in Asian Paints despite stellar Q4")
With longer-range Nexon, Tata Motors aims to solve range anxiety of EV
Company feels target customers will be those who wants to use electric vehicle for inter-city travel
 "With longer-range Nexon, Tata Motors aims to solve range anxiety of EV")
Birla Corp net profit down 55.45% in Q4, blames high fuel prices
Company says it has 'healthy growth in sales by volume in almost every segment and market'.
 "Birla Corp net profit down 55.45% in Q4, blames high fuel prices")
Cipla looks to invest more in mRNA tech; holds discussions with firms
Speaking to Business Standard, Samina Hamied, executive vice chairperson, Cipla, says one must invest in research and development (R&D) to feed the commercial growth engines
 "Cipla looks to invest more in mRNA tech; holds discussions with firms")
Novelis to invest $2.5 bn in US in Birla Group's biggest greenfield project
The plan is to build a new highly advanced low-carbon recycling and rolling plant in Bay Minette, Alabama, with initial 600 kilotonnes of finished aluminum goods capacity a year
 "Novelis to invest $2.5 bn in US in Birla Group's biggest greenfield project")
Rate hike, rise in bond yields, rupee fall to hit India Inc margins
The rate hike and the consequent rise in bond yields and upward revisions in lending rates by banks will raise companies' funding costs
 "Rate hike, rise in bond yields, rupee fall to hit India Inc margins")
FIFA video game to disappear as EA Sports decades-long partnership ends
Months of tense negotiations between EA and FIFA ended without an agreement to extend a partnership
 "FIFA video game to disappear as EA Sports decades-long partnership ends")
Ultratech joins race for Ambuja Cements and ACC, submits non-binding bid
UltraTech outlines divestiture details that would meet the norms set by Competition Commission of India
End of an era: Apple drops last iPod model after two decades
Late Apple co-founder Steve Jobs introduced the iPod nearly 21 years ago with his legendary showmanship flare
 "End of an era: Apple drops last iPod model after two decades")
Deadline for Reliance Cap resolution plans extended till June 30: Report
So far only eight out of 54 Prospective Resolution Applicants (PRAs) have engaged with lenders of the bankrupt firm.
 "Deadline for Reliance Cap resolution plans extended till June 30: Report")
Don't see inflation as challenge for tariff hike: Vi CEO Ravinder Takkar
Says subscriber churn post tariff hike last November not significant; effect of 20% hike has been absorbed in third and fourth quarter, helped Vi to register growth in revenue and ARPU
 "Don't see inflation as challenge for tariff hike: Vi CEO Ravinder Takkar")
Cipla will use Covid-19 bulk drugs inventory when demand rises
The Covid-19 portfolio contributed 5-6 per cent of Cipla's turnover during peak Covid waves, the firm said
 "Cipla will use Covid-19 bulk drugs inventory when demand rises")