Page 2131 - Company News
Top headlines: Amazon, Future may bury hatchet; Eveready Chairman, MD quit
Business Standard brings you the top headlines on Thursday
 "Top headlines: Amazon, Future may bury hatchet; Eveready Chairman, MD quit")
Facebook shuts down its college students-only social network 'Campus'
After less than two years of its launch, Meta-owned Facebook is shutting down its college students-only social network -- Campus.
 "Facebook shuts down its college students-only social network 'Campus'")
Eveready Batteries' Chairman, MD resign post open offer from Burman group
Eveready Industries India Ltd said its Non-Executive Chairman Aditya Khaitan and Managing Director Amritanshu Khaitan have resigned following an open offer from the Burman group.
 "Eveready Batteries' Chairman, MD resign post open offer from Burman group")
Lupin gets FDA nod to market Efinaconazole topical solution in US
Drug major Lupin on Thursday said it has received approval from the US health regulator to market Efinaconazole topical solution, used to treat fungal toenail infections, in the American market
 "Lupin gets FDA nod to market Efinaconazole topical solution in US")
Roland-Garros, Infosys extend partnership for another 5 years until 2026
IT firm Infosys said its three-year partnership with Roland-Garros, also known as The French Open Tennis Tournament, has been renewed for a further period of five years till 2026.
 "Roland-Garros, Infosys extend partnership for another 5 years until 2026")
Oyo appoints former PayU exec Prakash Padariya as cyber security head
He has more than 19 years of experience across geographies with extensive expertise in corporate security consulting, cyber security, cyber warfare, vulnerability assessment
 "Oyo appoints former PayU exec Prakash Padariya as cyber security head")
UPL to sell 49.98% stake in subsidiary ANSL to Nerka Chemicals
UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year
 "UPL to sell 49.98% stake in subsidiary ANSL to Nerka Chemicals")
Amazon, Future agree to talks; SC gives them 10 days to explore settlement
In an unexpected move on Thursday, Amazon counsel suggested at a SC hearing that the two sides negotiate, saying the 'whirlpool' of disputes fought on multiple fronts had been dragging on for too long
 "Amazon, Future agree to talks; SC gives them 10 days to explore settlement")
Japan's Renesas, Tata Elxsi partner in EV design centre
The centre in Bangalore will be a new hub for the two companies to develop crucial EV systems, such as battery management systems and motor control units
 "Japan's Renesas, Tata Elxsi partner in EV design centre")
Scaler buys edtech firm AppliedRoots for $50mn to expand online courses
Last year, Scaler acquired Coding Minutes and CodingElements, both online tutors.
 "Scaler buys edtech firm AppliedRoots for $50mn to expand online courses")
A sigh of relief for vendors, others as Reliance takes over Future stores
Reliance has been making job offers to employees of these stores, which will ensure job continuity for nearly 30,000 employees of Future Group's retail network.
 "A sigh of relief for vendors, others as Reliance takes over Future stores")
BharatPe accuses Ashneer Grover family of siphoning off company funds
Ashneer Grover's family and their relatives engaged in extensive misappropriation of company funds, including creating fake vendors through which they siphoned money, says company in statement
 "BharatPe accuses Ashneer Grover family of siphoning off company funds")
Reliance, USA's Sanmina announce partnership for electronics manufacturing
Reliance will hold a 50.1 per cent stake in the JV after the investment in Sanmina's existing Indian entity through a Reliance unit.
 "Reliance, USA's Sanmina announce partnership for electronics manufacturing")
Reliance ties up with Sanmina for electronics manufacturing in India
A Reliance unit will invest 16.7 billion rupees ($220.86 million) in new shares of Sanmina's existing Indian entity, giving it a 50.1% stake in the joint venture
 "Reliance ties up with Sanmina for electronics manufacturing in India")
Amazon may file criminal case against Future over store transfers: Report
Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition
 "Amazon may file criminal case against Future over store transfers: Report")
Religare Enterprises to create war chest for new business ventures
The company said it was in the process of creating a war chest to grow the new ventures organically and inorganically
 "Religare Enterprises to create war chest for new business ventures")
CCI cannot question pleadings of a party before a court: Amazon tells NCLAT
The US e-commerce giant made this argument related to CCI's show-cause notice issued to it in June last year
 "CCI cannot question pleadings of a party before a court: Amazon tells NCLAT")
Hospitality sector prepares for biz uptick after three waves of pandemic
Led by weddings, hotels see surge in bookings across segments
 "Hospitality sector prepares for biz uptick after three waves of pandemic")
Two-wheeler sales skid 25% in February amid poor demand, chip shortage
Likely spike in fuel costs following soaring crude prices could delay recovery in the world's largest market for scooters and motorcycles, said analysts
 "Two-wheeler sales skid 25% in February amid poor demand, chip shortage")
Lenders agree to raise wind energy firm Suzlon Energy stake to 35%
Promoters' holding to fall to 12.7% as creditors convert loan into equity
 "Lenders agree to raise wind energy firm Suzlon Energy stake to 35%")