Page 2234 - Company News
Life insurers' new biz premium income nearly flat at Rs 24,466 cr in Dec
The new business premium, or the first year premium, of 24 life insurance companies had stood at Rs 24,383.42 crore in December 2020
 "Life insurers' new biz premium income nearly flat at Rs 24,466 cr in Dec")
Tata Steel's output grows 2% to 7.68 MT in Dec quarter; sales fall 3%
India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT
 "Tata Steel's output grows 2% to 7.68 MT in Dec quarter; sales fall 3%")
Deal Street has best year with over 2,220 deals fetching $115 bn in 2021
This was USD 37 billion and 867 transactions more than the corresponding figures for 2020
 "Deal Street has best year with over 2,220 deals fetching $115 bn in 2021")
KEC International bags new orders worth Rs 1,025-crore across businesses
Engineering, procurement and construction major KEC International on Friday said it has bagged new orders worth Rs 1,025 crore across its various businesses.
 "KEC International bags new orders worth Rs 1,025-crore across businesses")
RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director
The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi's re-appointment for five years effective February 1, 2022
 "RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director")
ICICI Bank now facilitates online payment of customs duty
Customers can make online payment by selecting ICICI Bank from the list of banks on the website of the Indian Customs Electronic Gateway (ICEGATE)
 "ICICI Bank now facilitates online payment of customs duty")
IndiaMART acquires 26% stake in warehouse mgt firm EasyEcom for Rs 13.35 cr
The investment is in line with IndiaMART's objective of offering various SaaS solutions for businesses
 "IndiaMART acquires 26% stake in warehouse mgt firm EasyEcom for Rs 13.35 cr")
PhonePe logs annualised TPV of $651 bn, crosses 350 mn user-mark
The registered user base has grown 28 per cent from 273 million in January to 350 million in December 2021
 "PhonePe logs annualised TPV of $651 bn, crosses 350 mn user-mark")
Tata Power leads S&P Global's ESG score for power utilities in India
Tata Power said it has secured the highest score among its peers in the Indian power sector in S&P Global's recently released corporate sustainability assessment results
 "Tata Power leads S&P Global's ESG score for power utilities in India")
Macrotech forms 11 JVs since April 2021 to develop Rs 14,500-cr projects
Mumbai-based Macrotech Developers, which is one of the leading real estate developers in India, markets its properties under Lodha brand
 "Macrotech forms 11 JVs since April 2021 to develop Rs 14,500-cr projects")
Ratan Tata's biography in Nov 2022 as HarperCollins wins publishing deal
The book titled "Ratan N. Tata: The Authorized Biography" by Dr Thomas Mathew will be published globally by HarperCollins in all formats in November 2022
 "Ratan Tata's biography in Nov 2022 as HarperCollins wins publishing deal")
JSW Steel earmarks Rs 15,000 cr to expand Vijayanagar facility by FY24
JSW Steel is the flagship business of the diversified USD 13-billion JSW Group, which has a presence in sectors such as energy, infrastructure, cement, paints, sports and venture capital
 "JSW Steel earmarks Rs 15,000 cr to expand Vijayanagar facility by FY24")
Chinese police rap Walmart for violating cybersecurity laws: Local media
Walmart is already a target of accusations in the country for supposedly stopping sales of products from Xinjiang
 "Chinese police rap Walmart for violating cybersecurity laws: Local media")
Google copied Sonos' speaker technology: US International Trade Commission
In a significant ruling, the US International Trade Commission (ITC) has said that Google violated five patents of high-tech speaker and audio technology company Sonos, relating to smart speakers
 "Google copied Sonos' speaker technology: US International Trade Commission")
Global brands in India face mutiny as they bypass traditional distributors
The trusted middlemen that brands have traditionally relied on to reach millions of small neighborhood stores in 8,000 towns and 660,000 villages are in revolt
 "Global brands in India face mutiny as they bypass traditional distributors")
Jet Airways 2.0 faces turbulence before take-off?
The acting CEO of Jet Airways quit this week. The date to seek regulatory permissions for restarting the airline has also been extended twice. Why is the re-launch of Jet Airways looking turbulent?
 "Jet Airways 2.0 faces turbulence before take-off?")
ICICI Prudential launches first silver ETF fund of fund
The fund will open on January 13 and closes on January 27
 "ICICI Prudential launches first silver ETF fund of fund")
HCL Tech completes acquisition of 51% stake in German IT company GBS
In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS
 "HCL Tech completes acquisition of 51% stake in German IT company GBS")
Macrotech Developers Q3 sales bookings up 40% to Rs 2,608 crore
Macrotech Developers, one of the leading real estate developers in India, markets its properties under Lodha brand
 "Macrotech Developers Q3 sales bookings up 40% to Rs 2,608 crore")
Godrej Consumer saw low volume growth in December quarter
The maker of Good Knight household insecticides witnessed unprecedented cost inflation in the quarter
 "Godrej Consumer saw low volume growth in December quarter")