Page 2504 - Company News
NTPC bags 325 MW solar projects at Shajapur Solar Park in Madhya Pradesh
State-owned power giant NTPC on Tuesday said it has bagged solar projects totalling 325 megawatts (MW) at Shajapur Solar Park in Madhya Pradesh.
 "NTPC bags 325 MW solar projects at Shajapur Solar Park in Madhya Pradesh")
CCI approves acquisition of stake in Mukand by Bajaj Group entities
The acquisition is in addition to the around 57.7 per cent of the issued and paid-up equity share capital presently held by the Bajaj Group.
 "CCI approves acquisition of stake in Mukand by Bajaj Group entities")
Pandemic prompting cos to reimagine workplace, culture: HR executives
Top executives from Hindustan Unilever Ltd (HUL) and Wipro deliberated on what will be needed to build resilient workforces and workplaces in a post-pandemic environment
 "Pandemic prompting cos to reimagine workplace, culture: HR executives")
Tax reduction, cost cuts buoys India Inc net by 105% in FY21: Report
This comes even though the topline declined 5 per cent
 "Tax reduction, cost cuts buoys India Inc net by 105% in FY21: Report")
Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture
Amish Mehta to take over as new CEO on October
 "Crisil chief Ashu Suyash to quit after 6 yrs at helm; to start new venture")
Tamil Nadu receives Rs 28,508 cr investment commitments; GE to set up CoE
Tamil Nadu on Tuesday received investment commitments to the tune of Rs 28,508 crore from 49 companies across various segments that will create 83,482 jobs in the state.
 "Tamil Nadu receives Rs 28,508 cr investment commitments; GE to set up CoE")
Rooftop solutions co MYSUN raises Rs 15cr debt funding from Tata Cleantech
The firm recently launched its solar asset vehicle MYSUN+ to develop projects under the distributed and open access models with an investment of Rs 600 cr in the first phase
 "Rooftop solutions co MYSUN raises Rs 15cr debt funding from Tata Cleantech")
RInfra-promoted BSES ties up 510 Mw solar and bundled hybrid power
Hybrid power is a bundled mix of solar and wind power, wherein one component is at least 33% of the contracted capacity
 "RInfra-promoted BSES ties up 510 Mw solar and bundled hybrid power")
HealthifyMe raises Rs 560 crore, aims to tap North America market
Leading AI health and fitness app HealthifyMe on Tuesday announced it has raised $75 million (nearly Rs 560 crore) in a Series C round led by LeapFrog and Khosla Ventures.
 "HealthifyMe raises Rs 560 crore, aims to tap North America market")
Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report
The company, which is backed by Ant Group, will be valued at up to $8 billion following the IPO which is the first for a food delivery group in India.
 "Zomato raises $1.26 bn in IPO, valuation to reach $8 bn: Report")
Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial
With a market cap of Rs 2,000 crore, Authum Investment, hitherto unknown in the market circles, plans to diversify into all financial sector businesses to become a large player
 "Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial")
Godrej forays into dishwashers; eyes 15% mkt share by end of 2021-22
Godrej & Boyce, the flagship company of the Godrej Group, on Tuesday announced its foray into the dishwashers market and is eyeing 15 per cent market share
 "Godrej forays into dishwashers; eyes 15% mkt share by end of 2021-22")
Institutional investment in realty to grow 4% to Rs 36,500 cr: Report
Institutional investment in real estate is likely to rise by 4 per cent to $5 billion (Rs 36,500 crore) during this calendar year with investors looking to snap up properties at attractive valuations
 "Institutional investment in realty to grow 4% to Rs 36,500 cr: Report")
IOC to build India's first green hydrogen plant at Mathura refinery
IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.
 "IOC to build India's first green hydrogen plant at Mathura refinery")
Infosys admitted glitches in I-T portal, resolving them: Finance Ministry
More than 700 e-mails detailing over 2,000 issues in the portal were received, says minister.
 "Infosys admitted glitches in I-T portal, resolving them: Finance Ministry")
Infy sets up Automotive Digital Technology and Innovation Centre in Germany
The new centre brings together automotive and IT experts from across Germany into a space for shared knowledge, skills and innovation
 "Infy sets up Automotive Digital Technology and Innovation Centre in Germany")
Sebi bars Global Infratech, its directors, 12 others from securities market
Sebi has restrained Global Infratech and Finance Ltd, its directors and 12 other individuals from the securities market for their roles in a fraudulent scheme of trading in firm's shares
 "Sebi bars Global Infratech, its directors, 12 others from securities market")
LIC Housing Fin approaches SAT in regard to preferential shares allotment
LIC Housing Finance has approached Securities Appellate Tribunal with regard to company's proposal of allotting over 4.5 crore preferential shares to its parent company LIC
 "LIC Housing Fin approaches SAT in regard to preferential shares allotment")
Amazon Web Services shuts down Pegasus-owner NSO Group's infrastructure
After the massive Pegasus spyware controversy, Amazon Web Services, which is the Cloud arm of Amazon, has shut down infrastructure and accounts linked to the Israeli surveillance company NSO Group
 "Amazon Web Services shuts down Pegasus-owner NSO Group's infrastructure")
Vegrow raises funding to tap India's $50 bn fruits, vegetables segment
While India's B2B agri market is attractive at $300 billion, it is also a complex maze of fragmented supply with over 120 million farmers growing across 30 states
 "Vegrow raises funding to tap India's $50 bn fruits, vegetables segment")