Page 2361 - Company News
What could work and what needn't for Rakesh Jhunjhunwala's airline venture
It's a bold bet by Jhunjhunwala, in a market that has seen some airlines collapse in the face of intense fare wars and high costs. Here's all you need to know about the new airline
 "What could work and what needn't for Rakesh Jhunjhunwala's airline venture")
ONGC sells Dec Russian Sokol crude at highest premium since Jan 2020
Indian explorer ONGC Videsh has sold a cargo of Russian Sokol crude loading in December at the highest premium since January 2020
 "ONGC sells Dec Russian Sokol crude at highest premium since Jan 2020")
At $54-bn value, interest in GSK's arm may lead to biggest-ever buyout
Advent International, CVC Capital Partners and KKR are among potential suitors for GSK's consumer unit
 "At $54-bn value, interest in GSK's arm may lead to biggest-ever buyout")
Air India revival to help boost Delhi airport hub traffic, says DIAL chief
GMR-run Delhi airport expects hub traffic to surge to 25 per cent in three years as the now cash-strapped Air India will expand its domestic and international network under the stewardship of Tatas
 "Air India revival to help boost Delhi airport hub traffic, says DIAL chief")
Reliance Industries invests nearly $29 million in Germany's NexWafe
The investment, expected to be completed this month, will accelerate product and technology development for NexWafe
 "Reliance Industries invests nearly $29 million in Germany's NexWafe")
TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary
The EV business in the commercial vehicles segment will remain with the parent company and is out of the purview of this deal
 "TPG to invest $1 billion in Tata Motors' electric vehicle subsidiary")
Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman
He will be involved in defining the company's short-term and long-term strategies, and will so work closely with the other Board Members and CXOs
 "Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman")
RBI warned Srei group repeatedly, Kanoria says it complied every time
Srei was one of the few top NBFCs in constant 'asset quality review' focus of RBI, even as the regulator never used that term for NBFCs
 "RBI warned Srei group repeatedly, Kanoria says it complied every time")
Reliance New Energy Solar to invest in NexWafe as strategic lead investor
Reliance, through this partnership, will secure access to NexWafe's proprietary technology and plans to build large-scale wafer manufacturing facilities in India using NexWafe processes and technology
 "Reliance New Energy Solar to invest in NexWafe as strategic lead investor")
Foxconn's Bharat FIH opens research, development centre in Chennai
It will be among the first R&D centres in India to design end-to-end 5G devices and will offer end-to-end services to customers
 "Foxconn's Bharat FIH opens research, development centre in Chennai")
Flipkart Wholesale sees 70% e-commerce adoption by kiranas at festive sale
Over 500,000 kiranas across 10,000 pin codes in 24 states and union territories shopped on the platform and through the Flipkart Wholesale Best Price stores
 "Flipkart Wholesale sees 70% e-commerce adoption by kiranas at festive sale")
Myntra concludes its festive sale with record 52 mn visitors, 8 mn orders
Held between October 3-10, Myntra's event had 7.6 billion homepage impressions. There were 9,000 orders per minute at peak; 45% of demand came from tier-2 and 3 cities
 "Myntra concludes its festive sale with record 52 mn visitors, 8 mn orders")
TDSAT asks DoT not to encash BGs against Airtel, VIL till next hearing
Telecom tribunal TDSAT on Tuesday asked the Department of Telecom to put on hold the encashment of bank guarantees in the penalty case of Bharti Airtel and Vodafone Idea till the next date of hearing.
 "TDSAT asks DoT not to encash BGs against Airtel, VIL till next hearing")
Tata Sons' board takes stock of Air India acquisition
The company will be raising around Rs 15,000 crore as debt from banks to fund Air India acquisition
 "Tata Sons' board takes stock of Air India acquisition")
Airlines can now operate at full capacity, flight restrictions lifted
The decision was taken following a review of the current status of scheduled domestic operations, the ministry said in its order on Tuesday
 "Airlines can now operate at full capacity, flight restrictions lifted")
Recovery hopes, non-auto share are positives for Motherson Sumi
Acquisitions such as the one in the aviation space is in line with goal of increasing non-auto revenues
 "Recovery hopes, non-auto share are positives for Motherson Sumi")
Invesco pushed large Indian group's 'bad' deal: Zee Entertainment
Proposal would have led to Rs 10,000-cr loss to shareholders, says firm
 "Invesco pushed large Indian group's 'bad' deal: Zee Entertainment")
Amazon India to provide 20,000 digital devices to underprivileged students
E-commerce company Amazon India on Tuesday said it will directly provide 20,000 digital devices to students from underprivileged communities to empower them for a brighter future
 "Amazon India to provide 20,000 digital devices to underprivileged students")
ReNew expects to commission 10.2 GW renewable energy capacity by FY23
Renewable energy firm ReNew Power is looking to commission its 10.2 gigawatt (GW) capacity by financial year 2022-23.
 "ReNew expects to commission 10.2 GW renewable energy capacity by FY23")
Tata Motors to invest $2 billion in EVs after fundraise from TPG
"The aim is to lead the EV charge in the market," said Shailesh Chandra, head of Tata Motors' passenger vehicles business
 "Tata Motors to invest $2 billion in EVs after fundraise from TPG")