Page 2399 - Company News
Uber could post first adjusted profit this quarter as ride demand returns
Uber Technologies Inc could post its first profit on an adjusted basis for the current quarter, reaching the elusive milestone sooner than expected
 "Uber could post first adjusted profit this quarter as ride demand returns")
Top headlines: Adani to invest $20 bn in RE; Modi to visit US Sept 22-26
Business Standard brings you the top headlines on Tuesday
 "Top headlines: Adani to invest $20 bn in RE; Modi to visit US Sept 22-26")
Schott investing 70 mn euros to expand capacity of Jambusar plant
This would lead to significant increase in capacity and create 225 new jobs, it said
 "Schott investing 70 mn euros to expand capacity of Jambusar plant")
Torrent Power acquires 156 Mw wind power plants from CESC Ltd arm
Struck at an estimated enterprise value of Rs 790 cr, subject to closing price adjustments, the acquisition must now meet customary conditions for transaction closure
 "Torrent Power acquires 156 Mw wind power plants from CESC Ltd arm")
Development of fuel efficient cars to remain critical: Maruti Suzuki
Maruti Suzuki will keep developing and launching cars with great fuel efficiency as it remains a critical factor for customers while making a purchase decision, a senior official said
 "Development of fuel efficient cars to remain critical: Maruti Suzuki")
Relief package for telecom sector: Airtel wins big, stock rises over 4%
The stock has gained 43% YTD against 20% jump in RIL and 15% fall in Voda Idea
 "Relief package for telecom sector: Airtel wins big, stock rises over 4%")
CavinKare enters men's grooming market with launch of new brand Biker's
The firm, which expects the sector to grow 15-20% a year and hit $1.2 bn by 2024, will be competing with the likes of P&G, Hindustan Unilever, Dabur, L'Oreal and Nivea
 "CavinKare enters men's grooming market with launch of new brand Biker's")
Godrej Industries' Board approves plan to raise Rs 750 cr via NCDs
Godrej Industries on Tuesday said its board has approved a proposal to raise Rs 750 crore by issuing non-convertible debentures (NCDs).
 "Godrej Industries' Board approves plan to raise Rs 750 cr via NCDs")
Yamaha drives in new 155 cc scooter Aerox 155, updated YZF-R15 range
India Yamaha Motor on Tuesday said it has launched an all-new 155 cc scooter model Aerox 155 in the country priced at Rs 1.29 lakh (ex-showroom Delhi).
 "Yamaha drives in new 155 cc scooter Aerox 155, updated YZF-R15 range")
Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy
Speaking at JP Morgan India Investor Summit, Adani Group chairman said the $20 bn investment will be in renewable energy generation, component manufacturing, transmission and distribution
 "Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy")
Lincoln Pharma acquires plant for making pneumonia, bronchitis antibiotics
The acquisition along with capacity expansion and modernisation entails an investment of Rs 30 crore which Lincoln Pharma will fund through internal accruals
 "Lincoln Pharma acquires plant for making pneumonia, bronchitis antibiotics")
Tata Motors to hike commercial vehicle prices by around 2% from Oct 1
The continued rise in the cost of commodities is the reason for price hike, says the CV maker
 "Tata Motors to hike commercial vehicle prices by around 2% from Oct 1")
Govt may offer pre-pack insolvency resolution plan even for large firms
To quicken the pace of stressed asset resolution, the Centre may soon come up with a prepackaged insolvency framework under the IBC for large corporates, similar to the one introduced for SMEs.
 "Govt may offer pre-pack insolvency resolution plan even for large firms")
Glenmark Pharma gets USFDA nod for generic antibiotic cream
Glenmark Pharma said it has received approval from the US health regulator to market Clindamycin Phosphate Foam, an antibiotic used for treating bacterial infections, in the American market
 "Glenmark Pharma gets USFDA nod for generic antibiotic cream")
Chip shortage: Maruti Suzuki reports 8% dip in production in August
Maruti Suzuki India on Wednesday said its total production in August declined by 8 per cent on a yearly basis to 1,13,937 units as semiconductor shortage impacted its manufacturing schedules.
 "Chip shortage: Maruti Suzuki reports 8% dip in production in August")
Semiconductor chip shortage: Industries face further output cuts and delays
Auto sector to be among the most affected by the crisis
 "Semiconductor chip shortage: Industries face further output cuts and delays")
Vodafone Idea: Pain over after telecom reform, or more challenges ahead?
After the govt's relief package for the telecom sector, Vodafone Idea appears to be back on track for a fresh innings.So is the pain over for Vi or does it await a bigger battle? Listen to the podcast
 "Vodafone Idea: Pain over after telecom reform, or more challenges ahead?")
Evergrande crisis: Metal index down 6.8% amid fears of lower China demand
Analysts, however, see the fall in iron ore prices a lead indicator and expect steel prices to decline soon
 "Evergrande crisis: Metal index down 6.8% amid fears of lower China demand")
QSR brand Wow! Momo Foods raises $15mn in Series C funding round
The latest round of funding values the company at Rs 1,225 cr
 "QSR brand Wow! Momo Foods raises $15mn in Series C funding round")
Nestle increasing number of female employees to increase gender diversity
FMCG major Nestle India is increasing the number of its women employees as part of its gender diversity efforts.
 "Nestle increasing number of female employees to increase gender diversity")