Page 2045 - Company News
Auto industry fails to pick up pace as chip shortage hurts production
Fresh chip scarcity may result in 4th straight year contraction in volumes
 "Auto industry fails to pick up pace as chip shortage hurts production")
Macrotech in talks with investors for industrial park funding platform
Macrotech Developers, one of the leading real estate developers in the country, got listed last year by raising Rs 2,500 crore through its Initial Public Offer (IPO).
 "Macrotech in talks with investors for industrial park funding platform")
E-scooter sales slow down as global chip shortage woes continue
The largest drop has been in Hero Electric, one of the largest players in the market
 "E-scooter sales slow down as global chip shortage woes continue")
Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co
Deal likely to close in three months
 "Bodhi Tree to invest Rs 4,500cr in ALLEN, build biggest Indian test-prep co")
Vistara's enrolment in Tata Neu will take time, says CCO Deepak Rajawat
Tata Neu, which was launched on April 7, gives loyalty points "Neu" to its customers for every purchase done on the app
 "Vistara's enrolment in Tata Neu will take time, says CCO Deepak Rajawat")
Will hire male cabin crew on attaining a certain scale: Jet Airways
Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium.
 "Will hire male cabin crew on attaining a certain scale: Jet Airways")
After LIC, Delhivery likely to launch downsized public offering in May
Delhivery's IPO will be second biggest this year after LIC
 "After LIC, Delhivery likely to launch downsized public offering in May")
ISMC to invest Rs 22,900 cr in Karnataka on semiconductor fabrication plant
ISMC has sought 150 acres in Mysuru's Kochanahalli Industrial area. This will be one of India's first and largest semiconductor fabrication units under Centre's Semiconductor Mission
 "ISMC to invest Rs 22,900 cr in Karnataka on semiconductor fabrication plant")
Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months
Under the scheme, shareholders of Tata Coffee will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them
 "Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months")
Maruti Suzuki, Hyundai see April wholesales drop due to supply disruptions
Tata Motors, Toyota Kirloskar Motor and Skoda Auto on the other hand witnessed a robust growth in vehicle dispatches last month
 "Maruti Suzuki, Hyundai see April wholesales drop due to supply disruptions")
udaan, JioMart may disrupt $100 bn B2B e-commerce mkt in decade: Jefferies
udaan has already garnered over 50 per cent market share while Reliance is at around a quarter share, says the report by top investment bank Jefferies.
 "udaan, JioMart may disrupt $100 bn B2B e-commerce mkt in decade: Jefferies")
India to account for 20% of our overall top line in 5 yrs: FM Logistic
FM Logistic has said India is a significant growth engine for the company and it is expecting its business here to account for 20-25 per cent of the overall topline in the next five years
 "India to account for 20% of our overall top line in 5 yrs: FM Logistic")
Honda Cars reports 13% dip in domestic sales to 7,874 units in April
Honda Cars India Ltd (HCIL) on Sunday reported a 13 per cent decline in domestic sales to 7,874 units for April.
 "Honda Cars reports 13% dip in domestic sales to 7,874 units in April")
Will hire male cabin crew once we reach operational scale: Jet Airways
It will be following the footsteps of Vistara, which had started hiring male cabin crew in March 2018, approximately three years after it was launched
 "Will hire male cabin crew once we reach operational scale: Jet Airways")
Cochin Shipyard to invest Rs 50 cr in maritime startups: Sarbananda Sonowal
The Minister also unveiled the Start-up engagement framework of Cochin Shipyard Limited on the occasion of the inauguration of the Golden Jubilee celebrations of Cochin Shipyard Limited (CSL)
 "Cochin Shipyard to invest Rs 50 cr in maritime startups: Sarbananda Sonowal")
Abu Dhabi-Israel group to set up $3 bn chip making plant in Karnataka
ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor
 "Abu Dhabi-Israel group to set up $3 bn chip making plant in Karnataka")
CIL's priority is to ensure power plants are well-stocked with coal: CMD
Public sector miner Coal India has asked its employees to step up efforts and breach the production and offtake target of 700 million tonnes for FY23.
 "CIL's priority is to ensure power plants are well-stocked with coal: CMD")
Go Digit clocks Rs 5,000 crore premium in FY22 on strong growth
New age insurer Go Digit General Insurance (Digit) has crossed Rs 5,000 crore-mark in gross written premium in FY22, driven by higher demand from motor, property and health segments.
 "Go Digit clocks Rs 5,000 crore premium in FY22 on strong growth")
Five of top-10 valued firms gain Rs 67,843 cr in m-cap; HUL, Reliance lead
Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers.
 "Five of top-10 valued firms gain Rs 67,843 cr in m-cap; HUL, Reliance lead")
ED seizes assets worth Rs 5,551 cr, Xiaomi says it follows Indian laws
The technology giant is being questioned by the federal agency for alleged violation of foreign exchange laws.
 "ED seizes assets worth Rs 5,551 cr, Xiaomi says it follows Indian laws")