Page 2239 - Company News
IPO-bound Delhivery invests in logistics automation firm Falcon Autotech
Investment amount not revealed; partnership to enable bundling of hardware automated solutions along with Delhivery's SaaS platform
 "IPO-bound Delhivery invests in logistics automation firm Falcon Autotech")
NCLAT sets aside NCLT order approving Twin Star's bid for Videocon Group
NCLAT allows appeal by Bank of Maharashtra, IFCI, which had contested Twin Star's resolution plan
 "NCLAT sets aside NCLT order approving Twin Star's bid for Videocon Group")
L&T Heavy Engineering bags significant orders in third quarter
The modification, revamp and upgrade (MRU) business of L&T Heavy Engineering has been awarded an important contract by a key hydrocarbon sector customer in the Middle East, the firm said
 "L&T Heavy Engineering bags significant orders in third quarter")
Cairn withdraws all lawsuits against India, to get Rs 7,900 cr tax refund
Britain's Cairn Energy to now be entitled for about Rs 7,900 crore refund of taxes that were collected to enforce a retrospective tax demand
 "Cairn withdraws all lawsuits against India, to get Rs 7,900 cr tax refund")
Future Retail appeals against Delhi HC order dismissing its writ petition
The appeal before Delhi HC's division bench for termination of Amazon arbitration will be listed before the Chief Justice of Delhi High Court at 02:15 pm on Wednesday
 "Future Retail appeals against Delhi HC order dismissing its writ petition")
Bolo Live raises $ 2.4 million in funding led by Orios Venture Partners
Social media platform Bolo Live on Wednesday said it has raised USD 2.4 million (about Rs 18 crore) as a precursor to the Series A funding round led by Orios Venture Partners.
 "Bolo Live raises $ 2.4 million in funding led by Orios Venture Partners")
Hiring intent can rise 9 percentage points in Q4FY22 if no curbs: TeamLease
Out of the 21 sectors reviewed, around 7 can record a growth of more than 10 percentage points in their intent to hire, making the current quarter a good time for talent.
 "Hiring intent can rise 9 percentage points in Q4FY22 if no curbs: TeamLease")
Future Group shares fall after court decision on Amazon arbitration appeal
Shares in Future Group companies fell on Wednesday, a day after an Indian court dismissed Future Retail's appeal to declare arbitration proceedings with Amazon.com Inc as illegal.
 "Future Group shares fall after court decision on Amazon arbitration appeal")
TVS Motor appoints Venkat Viswanathan as advisor for electric mobility biz
Viswanathan is currently an associate professor of Mechanical Engineering at Carnegie Mellon University and is a global leader in advanced batteries for electric mobility.
 "TVS Motor appoints Venkat Viswanathan as advisor for electric mobility biz")
Supply chain visibility player FourKites looks to expand presence in India
The company is credited to have tracked 2.5 mn global shipments daily in 2021 and boasted of ties with 50% of the fortune 500 giants during the year
 "Supply chain visibility player FourKites looks to expand presence in India")
Toyota dethrones General Motors as top-selling automaker in US for 1st time
For the first time since 1931, Detroit-based General Motors has lost the crown of top-selling automaker in the US, handing over the baton to Japanese giant Toyota Motor
 "Toyota dethrones General Motors as top-selling automaker in US for 1st time")
Bombay Shaving Company raises Rs 160 crore from multiple sources
The hair removal brand plans to launch in international markets such as: US, Europe, GCC and Australia.
 "Bombay Shaving Company raises Rs 160 crore from multiple sources")
Sony plans to enter electric vehicle market with new company this year
Japan's Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market
 "Sony plans to enter electric vehicle market with new company this year")
Apple retreats again as valuation tops $3 trillion for second day
Apple Inc's stock market value peaked on Tuesday for a second day above a $3 trillion, but the iPhone maker's shares again failed hold that gain by the session's end.
 "Apple retreats again as valuation tops $3 trillion for second day")
Samsung likely to report best fourth-quarter profit on solid chip demand
Samsung is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing
 "Samsung likely to report best fourth-quarter profit on solid chip demand")
Mukesh Ambani's succession plan needs three superstar businesses
Having the family jointly oversee the whole may be a superior option to dividing up oil refining and petrochemicals, telecom and retail assets.
 "Mukesh Ambani's succession plan needs three superstar businesses")
Coal India CMD gets additional charge of finance portfolio
The ministry of coal has entrusted the additional charge of director (finance) to Pramod Agrawal for six months
 "Coal India CMD gets additional charge of finance portfolio")
TCL Electronics clocks revenue of nearly $30 bn in first 3 quarters of 2021
TCL has also ranked number two globally in the TV panel and LCD TV market share
 "TCL Electronics clocks revenue of nearly $30 bn in first 3 quarters of 2021")
Bandhan Bank collection efficiency ratio increases to 93 pc in December
Loans and advances grew 11 per cent y-o-y to Rs 89,213 crore as on December 31
 "Bandhan Bank collection efficiency ratio increases to 93 pc in December")
Thermax bags Rs 545-cr order for 2 flue-gas desulphurisation systems
The project is slated to be completed in 30 months
 "Thermax bags Rs 545-cr order for 2 flue-gas desulphurisation systems")