Page 2446 - Company News
Future Retail appoints Sadashiv Nayak as CEO effective August 25
Future Retail Ltd (FRL) said Sadashiv Nayak has been appointed as its chief executive officer with effect from Wednesday.
 "Future Retail appoints Sadashiv Nayak as CEO effective August 25")
Jindal Steel plans $2.4-billion spend in six years, double output
The steelmaker plans to raise total crude steel capacity to 15.9 million tons by March 2025 from 8.6 million tons, the New Delhi-based company said in an investor presentation on Tuesday
 "Jindal Steel plans $2.4-billion spend in six years, double output")
Aviation ministry signs MoU with Adani group for providing airport services
The Civil Aviation Ministry on Wednesday signed a memorandum of understanding (MoU) with the Adani group for providing services, including customs, immigration and security
 "Aviation ministry signs MoU with Adani group for providing airport services")
Molbio Diagnostics developing more tests for Truenat platform
Molbio is preparing test kits for zika, cholera, nipah, sickle cell anaemia, cholera, influenza, mumps, syphillis, yellow fever, HIV2 etc
 "Molbio Diagnostics developing more tests for Truenat platform")
NCLAT agrees to hear Jet staff's plea against Kalrock-Jalan resolution plan
NCLAT issues notice, seeks response on concerns raised by Jet Airways employees
 "NCLAT agrees to hear Jet staff's plea against Kalrock-Jalan resolution plan")
Auditor flags Tata Steel Europe's ability to carry on as going concern
The operational revenue of Tata Sons fell by 62% to Rs 9,460.24 crore in FY21 as against Rs 24,770.46 crore reported in the previous year
 "Auditor flags Tata Steel Europe's ability to carry on as going concern")
Accenture continues to work with NGO partners towards Covid relief efforts
Accenture on Wednesday said it is supporting over 5,000 beds with more than 30 oxygen plants and other critical care equipment
 "Accenture continues to work with NGO partners towards Covid relief efforts")
Xiaomi revenue surges record 64% as global phone sales rise
Net income reached 6.32 billion yuan, up 87.4% year on year and above analyst expectations.
 "Xiaomi revenue surges record 64% as global phone sales rise")
Bharti Airtel board to meet on August 29 to mull capital raising options
Telecom operator Bharti Airtel on Wednesday said its board will meet on August 29 to consider various capital raising options.
 "Bharti Airtel board to meet on August 29 to mull capital raising options")
New India on hiring drive, uncertainty continues for other 3 non-life PSUs
Even as The New India Assurance Company Ltd is on a massive recruitment drive, suspense continues in the case of the remaining three government owned non-life insurers, said industry officials.
 "New India on hiring drive, uncertainty continues for other 3 non-life PSUs")
Supply chain firm Delhivery acquires Spoton Logistics for unknown sum
Samara Capital and Xponentia, which together acquired Spoton from IEP in 2018, are making a full exit for cash as part of the deal
 "Supply chain firm Delhivery acquires Spoton Logistics for unknown sum")
Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO
The new brewery in Madhya Pradesh -- Bira's second in the central Indian state -- will initially add 400,000 hectoliters a year, Ankur Jain, the 41-year-old chief executive officer said
 "Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO")
Words alone won't help auto industry; concrete actions needed: RC Bhargava
A lot of statements were made by government officials supporting the automobile industry, but when it comes to taking actual steps nothing has really happened, Maruti Suzuki India Chairman said
 "Words alone won't help auto industry; concrete actions needed: RC Bhargava")
VC firm Prime announces 4th fund of $100 mn with first close of $75 mn
The firm also expects to focus on new areas such as decentralised finance (DeFi)/crypto, electric vehicle and gaming infrastructure platforms
 "VC firm Prime announces 4th fund of $100 mn with first close of $75 mn")
Indian Oil Corp to deploy drones to check fuel thefts from pipelines
Indian Oil Corp (IOC) is deploying drones to monitor its vast network of pipelines across the country as it doubles down on the use of technology to thwart attempts to steal fuel
 "Indian Oil Corp to deploy drones to check fuel thefts from pipelines")
Delhivery acquires Spoton, aims to lead B2B logistics market in India
Delhivery said it has acquired Bengaluru-based Spoton Logistics for an undisclosed sum, a move that will further strengthen its existing B2B capabilities
Star Air announces its first-ever flight service between two metro cities
Passengers can now fly between Hyderabad and Bengaluru on Star Air's Embraer Jet from 26th August, 2021 and have a private jet-like experience
 "Star Air announces its first-ever flight service between two metro cities")
India among most exciting markets, to grow to $1 trn by 2025: Walmart CEO
The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to CEO Doug McMillon
 "India among most exciting markets, to grow to $1 trn by 2025: Walmart CEO")
Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies
Britannia, Bombay Burmah's annual reports say businessman did not offer himself for reappointment to the board.
 "Jeh Wadia quits 2 Wadia firms, exits boards of all listed group companies")
166 current and former employees of Paytm convert ESOPs to shares
IPO-bound Paytm has one of the largest ESOP pools in the startup ecosystem, and has given out ESOPs as rewards and benefits to employees, who have contributed to the growth of the company
 "166 current and former employees of Paytm convert ESOPs to shares")