Page 2033 - Company News
Voltas signs JV pact with Highly International to manufacture compressors
The Tata group firm has executed the joint venture agreement on April 30, 2022 with Hong Kong-based Highly International
 "Voltas signs JV pact with Highly International to manufacture compressors")
How much value Russia is adding to ONGC subsidiary OVL's product basket
ONGC subsidiary OVL derives significant value from its oilfields in that country
 "How much value Russia is adding to ONGC subsidiary OVL's product basket")
Edelweiss Housing Finance raises Rs 276 cr through a public issue of bonds
The issue met a significant demand from the retail segment, with total collections of Rs 173.93 crore. The issue also saw good interest from corporates and other investors
 "Edelweiss Housing Finance raises Rs 276 cr through a public issue of bonds")
Samsung expects to raise share in premium segment to 40% in H1'22
Samsung India senior vice-president Raju Pullan told PTI that Samsung led the Indian smartphone market in March 2022, capturing 22 per cent shipment volume and 27 per cent revenue share
 "Samsung expects to raise share in premium segment to 40% in H1'22")
Route Mobile to buy Teledgers' blockchain, DLT platform for about Rs 130 cr
This will allow telecom operators to efficiently manage as well as regulate A2P (application to person) communication (SMS/voice calls), using state-of-the-art blockchain-based solutions
 "Route Mobile to buy Teledgers' blockchain, DLT platform for about Rs 130 cr")
Alembic Pharma posts Q4 net of Rs 35 cr as India and US businesses grow
During the quarter, Alembic Pharma's US portfolio strengthened with the acquisition of the balance 40 per cent stake in Aleor Dermaceuticals
 "Alembic Pharma posts Q4 net of Rs 35 cr as India and US businesses grow")
Tata Motors EV unit on massive recruitment drive to scale up business
The TPG-backed firm to hire in multiples of 100s in the coming months
 "Tata Motors EV unit on massive recruitment drive to scale up business")
Kia India reports 18% surge in car sales in the month of April
Kia India on Monday said its sales increased 18 per cent year-on-year to 19,019 units in April.
 "Kia India reports 18% surge in car sales in the month of April")
Vedanta Aluminium says will source 380 MW green power for smelters
Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters.
 "Vedanta Aluminium says will source 380 MW green power for smelters")
IDBI Bank posts 35% net profit at Rs 691 cr in Q4 as NPAs fall to 19.14%
IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions as NPAs came down.
 "IDBI Bank posts 35% net profit at Rs 691 cr in Q4 as NPAs fall to 19.14%")
Vodafone Idea teams up with ICRIER to set up telecom centre of excellence
The centre has been named InViCT (ICRIER and Vodafone Idea Centre for Telecom), which will drive research advisory and policy support efforts, according to a statement
 "Vodafone Idea teams up with ICRIER to set up telecom centre of excellence")
New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report
Technology-led real estate consultant Square Yards sells homes on behalf of builders and facilities home loans to consumers
 "New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report")
Royal Enfield joins hands with Italian riding gear brand Alpinestars
The partnership aims to provide Indian riders with the essential tools needed to make the best of their adventures, Royal Enfield said in a statement
 "Royal Enfield joins hands with Italian riding gear brand Alpinestars")
CIL's supply to power sector up 16% in Apr; to augment dispatches further
On an average, the PSU supplied 1.66 MT of coal per day to power utilities in April which increased to 1.73 MT during last week
 "CIL's supply to power sector up 16% in Apr; to augment dispatches further")
Log9 Materials joins Indeanta Ventures for rapid charging battery tech
The two partners have signed a memorandum of understanding for a long-term partnership, under which they will work together for the next 3 years to jointly deploy over 15,000 RapidEVs
 "Log9 Materials joins Indeanta Ventures for rapid charging battery tech")
Mahindra's sales jump 25% to 45,640 units in April, SUV segment grows 22%
The company said its exports last month stood at 2,703 units against 2,005 in the year-ago period.
 "Mahindra's sales jump 25% to 45,640 units in April, SUV segment grows 22%")
Royal Enfield sales rise 17% to 62,155 units in April, domestic up 10%
Mid-sized motorcycle maker Royal Enfield had reported sales of 53,298 units in the same month last year
 "Royal Enfield sales rise 17% to 62,155 units in April, domestic up 10%")
Ashok Leyland reports 42% rise in total commercial vehicle sales in April
The company had sold 8,340 units in the same month last year, Ashok Leyland said in a regulatory filing
 "Ashok Leyland reports 42% rise in total commercial vehicle sales in April")
Amazon ends 14 days of paid time-off for Covid-infected employees
Starting from Monday, Amazon will offer up to five days of "unpaid, excused leave", reports CNBC
 "Amazon ends 14 days of paid time-off for Covid-infected employees")
Bajaj Auto sales slip 20% to 310,774 units in April, domestic down by 24%
Commercial vehicle sales in the domestic market, however, grew by 13 per cent to 8,944 units compared to 7,901 units in the same month last year, Bajaj Auto said
 "Bajaj Auto sales slip 20% to 310,774 units in April, domestic down by 24%")