Page 2232 - Company News
Adani Group set up new subsidiary ANIL for new energy business
Billionaire Gautam Adani's logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity among others
 "Adani Group set up new subsidiary ANIL for new energy business")
Amazon challenges CCI's suspension of 2019 Future deal: Report
Amazon.com Inc has filed a legal challenge at an Indian tribunal against the national antitrust agency's suspension of a 2019 deal with Future Group
 "Amazon challenges CCI's suspension of 2019 Future deal: Report")
Audi expects sales in India to grow in double-digit this year
German luxury carmaker Audi expects sales in India to grow in double-digit this year amid concerns over the possible impact of the fresh surge in Covid-19 cases on business
 "Audi expects sales in India to grow in double-digit this year")
AMO Electric to raise $100 mn to expand product range, sales infra
Electric two-wheeler maker AMO Electric is looking to raise about $100 million next fiscal as it looks to scale up R&D to introduce new products
 "AMO Electric to raise $100 mn to expand product range, sales infra")
Reliance to buy control of New York's Mandarin Oriental hotel for $98 mn
Company says the acquisition will help the group increase its consumer and hospitality footprint.
 "Reliance to buy control of New York's Mandarin Oriental hotel for $98 mn")
Microsoft CEO Satya Nadella joins Groww as investor, advisor
Tiger Global-backed Groww said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor
 "Microsoft CEO Satya Nadella joins Groww as investor, advisor")
RIL's $4-bn forex bond: India Inc's fundraising in 2022 begins with a bang
Renew Power, Shriram have queued up to raise dollar bonds after RIL raises $4 bn in India's largest-ever foreign currency bonds issue
 "RIL's $4-bn forex bond: India Inc's fundraising in 2022 begins with a bang")
Over 1 mn people made bookings with OYO for New Year celebrations: CEO
In a social media post, he said 58 per cent bookings for New Year's eve were made on same day keeping trend witnessed since December 2017 that reflected 'impulsive emotion and decision'
 "Over 1 mn people made bookings with OYO for New Year celebrations: CEO")
Agility Ventures to launch Sebi-approved Rs 450-cr fund
With AIFs (Alternative Investment Funds), it is looking at deploying Rs 75 crore this year in over 50 startups, which will also include fintech, cyber security and crypto
 "Agility Ventures to launch Sebi-approved Rs 450-cr fund")
Equitas Holdings to divest stake in ETPL ahead of merger with Equitas SFB
Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB)
 "Equitas Holdings to divest stake in ETPL ahead of merger with Equitas SFB")
Oberoi Realty Q3 sales bookings jump 2-fold to Rs 1,965 cr
The market share of trusted real estate developers in the overall housing sales is gradually increasing as homebuyers have become risk-averse
 "Oberoi Realty Q3 sales bookings jump 2-fold to Rs 1,965 cr")
CSB Bank MD & CEO takes early retirement on health grounds
The Board decided to constitute a search committee to identify and evaluate candidates, either internally or externally, for the position of MD & CEO
 "CSB Bank MD & CEO takes early retirement on health grounds")
CSB Bank MD&CEO retires early, lender to set up panel to find successor
Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022
 "CSB Bank MD&CEO retires early, lender to set up panel to find successor")
India climbing up the ladder of emerging tech patents, shows data
5,000 patents were filed in AI in India in the decade 2011-2020
 "India climbing up the ladder of emerging tech patents, shows data")
DLF launches luxury housing project in Delhi; starting price Rs 3 crore
DLF is developing this project in partnership with Singapore sovereign wealth fund GIC
 "DLF launches luxury housing project in Delhi; starting price Rs 3 crore")
Amansa sells shares of CG Power and Industrial Solutions worth Rs 351 cr
This took the total deal value to Rs 350.83 crore
 "Amansa sells shares of CG Power and Industrial Solutions worth Rs 351 cr")
Apple's Tim Cook paid over 1,400 times the average worker in 2021
Cook, whose salary remained at $3 mn, received $82.3 mn in stock awards, $12 mn for hitting Apple's targets and $1.4 mn for air travel, 401(k) plan, insurance premiums and others
 "Apple's Tim Cook paid over 1,400 times the average worker in 2021")
Hinduja Group's £1.2 billion old war office project is making waves
OWO was once the heartbeat of UK's defence ministry & later an oft-featured building in Bond films
 "Hinduja Group's £1.2 billion old war office project is making waves")
Airtel to pay interest on deferred liabilities to govt, not to issue equity
The company informed the DoT that it will not avail the option of conversion of interest on deferred spectrum and AGR dues into equity.
 "Airtel to pay interest on deferred liabilities to govt, not to issue equity")
Payment service provider PayU's SMB vertical sees 70% jump in revenues
In September last year, PayU agreed to acquire payments gateway BillDesk in an all-cash transaction of $4.7 billion
 "Payment service provider PayU's SMB vertical sees 70% jump in revenues")