Page 213 - Company News
UIDAI partners with Starlink to enable Aadhaar e-KYC for broadband users
The government has given approval to Starlink to start providing satellite-based broadband services in the country
 "UIDAI partners with Starlink to enable Aadhaar e-KYC for broadband users")
Aurobindo Pharma leads $5 billion race to acquire Prague-based Zentiva
Shortly after reports of the potential acquisition surfaced, Aurobindo clarified that no binding agreement or definitive decision has been made regarding the deal
 "Aurobindo Pharma leads $5 billion race to acquire Prague-based Zentiva")
Landmark Group to invest Rs 400 cr in Gurugram luxury housing project
Landmark Group has announced a Rs 400 crore investment in the second phase of its luxury housing project SKYVUE in Gurugram, featuring premium towers with high-end amenities
 "Landmark Group to invest Rs 400 cr in Gurugram luxury housing project")
Infosys gives 80% bonus to majority of employees for first quarter
Infosys has rolled out an average 80 per cent performance bonus for Q1, linked to employee ratings across PL4-PL6 levels, following stronger-than-expected quarterly growth
 "Infosys gives 80% bonus to majority of employees for first quarter")
Flipkart expands Northeast operations with new grocery fulfilment centre
Flipkart has launched its first grocery fulfilment centre in Tripura to strengthen delivery timelines, support local businesses and deepen e-commerce penetration in the Northeast
 "Flipkart expands Northeast operations with new grocery fulfilment centre")
IKEA expects India business to grow 10% in FY25, to expand network
IKEA, which gets around 30 per sales through online channels, is seeing an impressive jump in queries
 "IKEA expects India business to grow 10% in FY25, to expand network")
Landmark Group to invest ₹400 crore in new Gurugram housing project
The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram
 "Landmark Group to invest ₹400 crore in new Gurugram housing project")
Vedanta demerger faces delay as Centre objects, Sebi issues warning
Vedanta's plan to split into six listed entities has been delayed after the Centre objected and SEBI issued a compliance warning, intensifying regulatory scrutiny
 "Vedanta demerger faces delay as Centre objects, Sebi issues warning")
Adani Group units secure $275 million offshore loans from global banks
Investors have grown more confident lending the Adani Group as it seeks to raise funds across the spectrum of its businesses
 "Adani Group units secure $275 million offshore loans from global banks")
UltraTech Cement to sell up to 6.5% stake in unit India Cements
The company, which took control of India Cements in July last year, said the sale was to comply with "applicable laws"
 "UltraTech Cement to sell up to 6.5% stake in unit India Cements")
NCLT defers hearing on Vedanta demerger after govt flags irregularities
The government flagged concealment and non-disclosure in Vedanta's demerger plan, prompting the NCLT to defer its hearing to September 17
 "NCLT defers hearing on Vedanta demerger after govt flags irregularities")
Welspun One to invest ₹2,150 cr for warehouses across Karnataka, Tamil Nadu
Welspun One Logistics Parks expands Karnataka and Tamil Nadu portfolio to 260 acres with Rs 2,150 crore investment, targeting 6 msf development in high-potential corridors
 "Welspun One to invest ₹2,150 cr for warehouses across Karnataka, Tamil Nadu")
Centricity WealthTech plans to double AUM to ₹20,000 crore by FY26
The asset under management (AUM) reached Rs 10,000 crore last month and the company is hoping to increase this to Rs 18,000-20,000 crore by the end of the current fiscal
 "Centricity WealthTech plans to double AUM to ₹20,000 crore by FY26")
Welspun One acquires 107 acres in Karnataka for warehousing projects
With this acquisition, the company's total footprint has expanded to over 260 acres across Karnataka and Tamil Nadu
 "Welspun One acquires 107 acres in Karnataka for warehousing projects")
Need to move from store-based to unified entity licensing: Reliance Retail
There is also a need for moving towards post-license inspections from pre-license inspections in order to speed up store openings
 "Need to move from store-based to unified entity licensing: Reliance Retail")
Coforge edges past rivals in a hotly contested mid-tier IT services market
According to data Coforge is currently ranked at number eight, behind LTIMIndtree and Mphasis
 "Coforge edges past rivals in a hotly contested mid-tier IT services market")
Tata Motors returns to South African car market after six-year absence
Growing demand for budget-friendly cars is luring global automakers to offer consumers more options
 "Tata Motors returns to South African car market after six-year absence")
Apollo aims to double India assets to $4 billion in 3 years on credit boom
The New York-based asset manager, which has about $2 billion assets in India, mainly in private credit, is targeting sectors including infra, financial services, industrials and supply chain finance
 "Apollo aims to double India assets to $4 billion in 3 years on credit boom")
India Post rolls out advanced postal technology project worth ₹5,800 cr
The Advanced Postal Technology (APT) based infrastructure gives India Post access to new technology layers like modern logistics companies
 "India Post rolls out advanced postal technology project worth ₹5,800 cr")
Branded homes in high demand; IHCL, Marriott tie up with developers
Hospitality majors like IHCL, Marriott, and others are partnering with developers to tap the growing demand for branded residences, as luxury homebuyers drive the trend across metro and tier-II cities
 "Branded homes in high demand; IHCL, Marriott tie up with developers")