Page 2082 - Company News
JSW Infra enters container cargo biz; eyes 2 more terminals for Rs 1,400 cr
The company will invest Rs 300 crore in all at the New Mangalore Port Trust container terminal to create a capacity of 400,000 TEUs
 "JSW Infra enters container cargo biz; eyes 2 more terminals for Rs 1,400 cr")
Ford denies being in talks with Tamil Nadu govt for EV unit in Chennai
The talks are said to have started after the government approved Ford's proposal for manufacturing and exporting EVs as part of the Rs 25,938-crore production-linked incentive (PLI) scheme in February
 "Ford denies being in talks with Tamil Nadu govt for EV unit in Chennai")
E-commerce platform ONDC gets fund infusion of Rs 157.5 cr, more to follow
DPIIT e-commerce brainchild expects to raise Rs 42.5 cr more
 "E-commerce platform ONDC gets fund infusion of Rs 157.5 cr, more to follow")
Tata Motors to export its EVs to mature auto markets
A portfolio of successful and affordable EVs makes will help the firm target the white space
 "Tata Motors to export its EVs to mature auto markets")
Reliance sets up free EV charging infra for employees in Mumbai campus
The charging station set up by Jio-bp - the company's fuel retailing joint venture with British energy giant bp - is in line with the firm's promise to achieve net carbon neutrality
 "Reliance sets up free EV charging infra for employees in Mumbai campus")
HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers
Under the new MoU, "HAL will convert pre-owned civil passenger aircraft into air refuelling aircraft with cargo and transport capabilities," the IAF said.
 "HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers")
Actis to buy $400-million road assets from India's Welspun Group
'The buyout firm is in advanced talks for the assets and is set to beat out a number of rival bidders'
 "Actis to buy $400-million road assets from India's Welspun Group")
Future-Amazon case: Supreme Court lifts stay on SIAC arbitration
The SC said in its order that the interim application will be transmitted to the Delhi High Court as agreed by both parties and as proceedings have already begun there
 "Future-Amazon case: Supreme Court lifts stay on SIAC arbitration")
BSNL to install 112,000 towers for rolling out 4G across India: Vaishnaw
Indigenous 4G telecom network will soon be rolled out across India with BSNL planning to install about 112,000 towers throughout the country, Telecom Minister said in Lok Sabha
 "BSNL to install 112,000 towers for rolling out 4G across India: Vaishnaw")
Patanjali-promoted Ruchi Soya crashes 14% ahead of listing of new shares
Market players said several HNIs who applied for the FPO dumped the shares taking advantage of the attractive spread
 "Patanjali-promoted Ruchi Soya crashes 14% ahead of listing of new shares")
Cement industry may be on recovery path as margin pressures ease
Share price of major companies are up 10-18% in the last one month, but analysts target prices suggest more upsides ahead
 "Cement industry may be on recovery path as margin pressures ease")
Radisson Group looking to double India footprint; to launch 'Retreats'
Launches new lifestyle brand Individual Retreats amid rise in demand for curated travel and experiential stay
 "Radisson Group looking to double India footprint; to launch 'Retreats'")
Average pay hike likely to be at 8%-12% in 2022, says report
Startups and new-age corporations, together with the unicorns, are set to lead this trend with a commonly estimated hike of 12 per cent, it added
 "Average pay hike likely to be at 8%-12% in 2022, says report")
Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans
Over the past year, the cost of the company's vehicles continued to be adversely impacted due to increase in various input costs, the auto major said in a regulatory filing
 "Maruti Suzuki to hike prices this month; recalls nearly 20,000 Eeco vans")
Paytm CEO will get stock grants once market cap recovers to IPO levels
'We should be operating Ebitda-break-even in the next six quarters, well ahead of estimates by most analysts,' Vijay Shekhar Sharma wrote
 "Paytm CEO will get stock grants once market cap recovers to IPO levels")
Food delivery apps Zomato, Swiggy hit by hour-long technical glitch
Downdetector, a platform that collects status reports from a series of sources, recorded 3,619 reports of outage against Zomato at 2:05 PM and 771 against Swiggy at 2:21 PM
 "Food delivery apps Zomato, Swiggy hit by hour-long technical glitch")
Bandhan-led consortium buys IDFC's mutual fund business for Rs 4,500 cr
Singapore's sovereign wealth fund GIC, private equity player ChrysCapital are partners of the consortium
 "Bandhan-led consortium buys IDFC's mutual fund business for Rs 4,500 cr")
Invesco to sell 7.8% stake in Zee worth Rs 2,200 cr on Thursday
Invesco will sell Zee shares at the rate of Rs 270.50-Rs 290.90 per equity share - a discount of up to 7% discount to the last close price of Rs 290.90 on Wednesday on NSE
 "Invesco to sell 7.8% stake in Zee worth Rs 2,200 cr on Thursday")
IBBI amends voluntary liquidation process regulations to streamline it
The Insolvency and Bankruptcy Board of India (IBBI) has amended regulations pertaining to voluntary liquidation process as part of efforts to streamline the process
 "IBBI amends voluntary liquidation process regulations to streamline it")
Government defers proposal to merge BSNL, MTNL due to financial reasons
The government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons, Parliament was informed on Wednesday
 "Government defers proposal to merge BSNL, MTNL due to financial reasons")