Page 2255 - Company News
Vedanta says directors' panel approves raising up to Rs 1,000 cr via NCDs
Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis.
 "Vedanta says directors' panel approves raising up to Rs 1,000 cr via NCDs")
'Foxconn India iPhone plant extends closure, workers' hostels inspected'
The factory, near Chennai, which employs some 17k people, had been due to resume some operations on Monday but is now expected to restart production with 1,000 workers on Thursday, says a TN official
 "'Foxconn India iPhone plant extends closure, workers' hostels inspected'")
Mahindra Holidays & Resorts to add over 300 rooms by March
Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys
 "Mahindra Holidays & Resorts to add over 300 rooms by March")
BBB invites applications for position of Union Bank of India MD
The post of MD and CEO would fall vacant at Mumbai-based Union Bank of India upon retirement of Rajkiran Rai G in May 2022
 "BBB invites applications for position of Union Bank of India MD")
Oil India to set up green hydrogen plant at its oilfield in Assam's Jorhat
Hydrogen being the cleanest form of energy is the latest focus area across the globe to satiate the rising energy needs
 "Oil India to set up green hydrogen plant at its oilfield in Assam's Jorhat")
Volvo Eicher Commercial Vehicles sees 69% surge in sales in FY22
The company sold 32,050 units during the first eight months of 2019-20.
 "Volvo Eicher Commercial Vehicles sees 69% surge in sales in FY22")
Foxconn India plant shut for 3 more days after week-long closure: Report
The plant is expected to start production with 1,000 workers on Dec. 30, according to the person close to the matter who was not authorised to speak with media and declined to be identified
 "Foxconn India plant shut for 3 more days after week-long closure: Report")
Adani Group nears first coal shipment from shunned Australian mine
Adani Group is preparing to ship the first coal cargo from Australia's most controversial mine, after battling a seven-year campaign by climate activists and defying a global push
 "Adani Group nears first coal shipment from shunned Australian mine")
Samsung's Galaxy S21 FE listed on Walmart for $699 ahead of launch
South Korean tech giant Samsung is likely to launch its upcoming smartphone -- Galaxy S21 FE -- on January 11, 2022
 "Samsung's Galaxy S21 FE listed on Walmart for $699 ahead of launch")
India's renewables boom set to lift power exchange spot trading
Coal dominates Indian power generation but that is changing, with renewables accounting for more than 80% of new capacity last year, according to BloombergNEF
 "India's renewables boom set to lift power exchange spot trading")
Airtel Payments Bank surpasses 1 billion transactions mark in Q2
Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources
 "Airtel Payments Bank surpasses 1 billion transactions mark in Q2")
Sustaining ops, biz health biggest issues for auto firms in 2022: MG Motor
Currently, the domestic market is witnessing increased demand, but it is also impacted by the global semiconductor shortage, which has hit production activities
 "Sustaining ops, biz health biggest issues for auto firms in 2022: MG Motor")
Dues of four airlines to AAI rose over twofold since January 2020
Vistara and IndiGo have clarified that all their dues have been cleared, while SpiceJet said its dues are well within credit limits.
 "Dues of four airlines to AAI rose over twofold since January 2020")
WeWork India 2021 revenue up 33%; plans to add over 20K desks next year
Coworking major WeWork India's revenue rose by 33 per cent to over Rs 800 crore this year and is expected to grow further in 2022 on improved demand for its flexible workspaces, a company official said.
 "WeWork India 2021 revenue up 33%; plans to add over 20K desks next year")
BFSI: Retail vertical looks set to drive credit growth, says CRISIL
Within banks, credit issued to the retail segment, which was up 4 per cent as of October 2021, is expected to log 12-14 per cent growth this fiscal
 "BFSI: Retail vertical looks set to drive credit growth, says CRISIL")
From biscuits to shampoos, prices of FMCG goods to rise again in January
Firms say hike needed to cover high input costs
 "From biscuits to shampoos, prices of FMCG goods to rise again in January")
NHAI arm may award 15 logistics park deals over the next three years
The SPV, formed under the guidance of the road ministry, aims to address typical cost overruns with infrastructure projects
 "NHAI arm may award 15 logistics park deals over the next three years")
Bharat Biotech eyes 1 billion doses of nasal Covid-19 vaccine in 2022
Looks for global partners to produce and distribute vaccine - BBV154
 "Bharat Biotech eyes 1 billion doses of nasal Covid-19 vaccine in 2022")
Air India's return flight to Tatas may get delayed due to pending approvals
Dates to be cleared after requirements for fulfilling condition precedents met
 "Air India's return flight to Tatas may get delayed due to pending approvals")
India Inc raises over Rs 9-trn through equity, debt issuances in 2021
In 2020, firms raised Rs 11 lakh crore, including Rs 7.91 lakh crore through debt and Rs 2.12 lakh crore through equity
 "India Inc raises over Rs 9-trn through equity, debt issuances in 2021")