Page 2063 - Company News
Pinbox gets seed capital from ADB Ventures to expand micro pension coverage
Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement
 "Pinbox gets seed capital from ADB Ventures to expand micro pension coverage")
Gautam Adani now world's 6th-richest; pips Google founders Page, Brin
Also, Adani is the biggest wealth-gainer this year with a jump of almost $41.6 billion
 "Gautam Adani now world's 6th-richest; pips Google founders Page, Brin")
Indian Oil removes Russian Urals from latest tender, says report
The firm imports crude for itself and on behalf of its Chennai Petroleum subsidiary
 "Indian Oil removes Russian Urals from latest tender, says report")
Coal India's capital expenditure grows 12% to Rs 14,834 cr in FY'22
The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets.
 "Coal India's capital expenditure grows 12% to Rs 14,834 cr in FY'22")
Odisha govt signs agreement with BPCL to explore green energy possibilities
The Odisha government signed an agreement with Bharat Petroleum Corporation Ltd (BPCL) for exploring green energy possibilities in the state.
 "Odisha govt signs agreement with BPCL to explore green energy possibilities")
Some banks stop credit for oil imports by Rosneft-owned Nayara: Report
Nayara has not been sanctioned as part of the international response to Russia's invasion of Ukraine, but Russian energy giant Rosneft, which owns 49% of the Indian refiner, has been.
 "Some banks stop credit for oil imports by Rosneft-owned Nayara: Report")
India hopes Hyderabad 'pharma city' will break China's grip on industry
India's ability to secure not just its own drug supply but that of Africa, the Americas and Europe is at stake
 "India hopes Hyderabad 'pharma city' will break China's grip on industry")
SC stays NCLAT order in DHFL case on Piramal's appeal
NCLAT in January this year had directed the lenders of Dewan Housing Finance Corporation to reconsider their decision regarding the valuation of the financial firm's avoidable transactions
 "SC stays NCLAT order in DHFL case on Piramal's appeal")
Irina Ghose named Microsoft India COO as Rajiv Sodhi gets global role in US
A Microsoft veteran for over two decades and a diversity and inclusion champion, Ghose has held a variety of strategy and sales leadership roles, most recently leading cloud solutions in India
 "Irina Ghose named Microsoft India COO as Rajiv Sodhi gets global role in US")
Byju's names Amazon veteran VP tech as it scales up learning products
In his new role, Vedhanarayanan Ganeshkumar will also build and lead a talented team of engineers, software development managers, product managers, program managers
 "Byju's names Amazon veteran VP tech as it scales up learning products")
India's 'Unicorn couple' eyes first start-up IPO within a year
OfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering (IPO) in six months to a year
 "India's 'Unicorn couple' eyes first start-up IPO within a year")
Combined m-cap of all listed Adani Group firms crosses Rs 16 trillion
Shares of Adani Group companies traded higher by up to 16 per cent on the BSE on Monday, extending their last week's rally
 "Combined m-cap of all listed Adani Group firms crosses Rs 16 trillion")
SoftBank-backed Meesho lays off 150 employees from grocery vertical
Last week, firm said it was integrating grocery biz within the core app to offer users unified shopping while driving stronger synergies across customer acquisition, technology, product and talent
 "SoftBank-backed Meesho lays off 150 employees from grocery vertical")
SMEs' mop up from public share sales jumps 4x to Rs 965 cr in FY22
The amount is still far lower than the record Rs 2,213 crore mopped up in FY18 and Rs 1,620 crore collected in FY19
 "SMEs' mop up from public share sales jumps 4x to Rs 965 cr in FY22")
Electric three-wheeler market: Can Bajaj Auto storm in and become king?
The company is set to launch its range of electric auto rickshaws in June and hopes to replicate its success in ICE three-wheelers
 "Electric three-wheeler market: Can Bajaj Auto storm in and become king?")
Nashik: 20 electric scooters of Jitendra EV loaded in container catch fire
'An unfortunate incident took place on 9th April near our factory gate in a scooter. The situation was immediately brought under control by timely intervention from our team,' says the company
 "Nashik: 20 electric scooters of Jitendra EV loaded in container catch fire")
Some banks stop credit for oil imports by Rosneft-owned Nayara: Report
HDFC Bank and international banks such as Citibank, JP Morgan, Deutsche Bank and Japan's Mitsubishi UFJ Financial Group have stopped opening and confirming Letters of Credit, say sources
FinMin asks Infosys to work on ways to access taxpayers' data accurately
FinMin suggests it boosts pre-filled data, rolls out new payment system
 "FinMin asks Infosys to work on ways to access taxpayers' data accurately")
JSW Utkal Steel gets green nod for 13.2 mt new steel plant in Odisha
The firm said capex for the integrated steel plant is likely to be about Rs 65,000 cr including associated facilities
 "JSW Utkal Steel gets green nod for 13.2 mt new steel plant in Odisha")
Tata Power's plan to reduce debt through InvIT gets delayed
The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure
 "Tata Power's plan to reduce debt through InvIT gets delayed")