Page 2554 - Company News
Nokia, HFCL among 25 companies register under PLI scheme for telecom sector
Around 25 telecom gear makers -- including Nokia and HFCL -- have applied under the Rs 12,195 crore production linked incentive scheme for the sector, according to official sources.
 "Nokia, HFCL among 25 companies register under PLI scheme for telecom sector")
Videocon Industries financial creditors to get 8% stake in merged entity
The financial creditors of the debt-ridden Videocon Industries will get 8 per cent equity in the entity created by the merger of 11 group companies with the firm as per the resolution plan
 "Videocon Industries financial creditors to get 8% stake in merged entity")
Covid-19 impact on Ola, Uber lower during second wave; Ola fares better
The mobility sector is amongst the worst hit due to Covid-19 and both Ola and Uber have lost revenue
 "Covid-19 impact on Ola, Uber lower during second wave; Ola fares better")
Connectivity, communication are fundamental rights: Mukesh Ambani
Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations"
 "Connectivity, communication are fundamental rights: Mukesh Ambani")
CCI approves Heineken's additional stake acquisition in United Breweries
Fair trade regulator CCI on Monday said it has approved Heineken International B.V's proposed acquisition of an additional equity stake in United Breweries Ltd (UBL).
 "CCI approves Heineken's additional stake acquisition in United Breweries")
BPCL begins doorstep delivery of diesel for customers in Haryana
Bharat Petroleum Corporation Ltd (BPCL) has started doorstep delivery of diesel in Haryana for customers seeking fuel as low as 20 litres
 "BPCL begins doorstep delivery of diesel for customers in Haryana")
MG Motor re-launches programme to offer certain doorstep services
Automaker MG Motor India on Monday said it has re-launched its programme to provide some basic car care services at the doorstep of its customers amid the coronavirus pandemic.
 "MG Motor re-launches programme to offer certain doorstep services")
Retail next growth engine for RIL with potential 10x PBT growth: Goldman
After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls
 "Retail next growth engine for RIL with potential 10x PBT growth: Goldman")
JSW Cement forays into ready mix concrete business under 'JSW Concrete'
JSW Cement, a part of $12 billion JSW Group, on Monday announced its foray into ready mix concrete (RMC) business under the brand name 'JSW Concrete'
 "JSW Cement forays into ready mix concrete business under 'JSW Concrete'")
Ashiana Housing buys 22 acre land in Gurugram to build residential project
Realty firm Ashiana Housing has acquired 22-acre land in Gurugram from Ramprashta group for about Rs 170 crore to develop a residential project.
Cadila, Bayer to extend JV partnership for three years: Statement
Cadila Healthcare and Bayer (South East Asia) have decided to extend the operations of their joint venture by three years with effect from June
 "Cadila, Bayer to extend JV partnership for three years: Statement")
Reliance Home Finance takes up resolution plan approved by lenders
RHF on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets
 "Reliance Home Finance takes up resolution plan approved by lenders")
Ikea, Rockefeller foundations to pledge $1 billion in clean energy push
IKEA Foundation, Rockefeller Foundation say they plan to set up a $1-billion fund to support renewable energy programs in developing nations.
 "Ikea, Rockefeller foundations to pledge $1 billion in clean energy push")
HCL Tech appoints leaders to expand in South Korea, Taiwan and Vietnam
The company has named Joonho Moon in South Korea, Terry Tai in Taiwan and Nguyen Ha Tuan in Vietnam to lead and drive growth in these geographies
 "HCL Tech appoints leaders to expand in South Korea, Taiwan and Vietnam")
Industry growth to largely be led by next-gen technologies, services: Wipro
IT industry's growth will largely be led by next-gen technologies and services with areas like data, cloud and cybersecurity expected to see huge incremental growth, Wipro CEO Theirry Delaporte said
 "Industry growth to largely be led by next-gen technologies, services: Wipro")
Mubadala group to put up Abu Dhabi's first IPO since 2017, more to follow
Al Yah Satellite Communications, fully owned by Abu Dhabi's $243 billion sovereign fund, plans to offer a stake of as much as 40% next month.
 "Mubadala group to put up Abu Dhabi's first IPO since 2017, more to follow")
Honeywell launches authentication tech to prevent counterfeit pharma drugs
Honeywell on Monday announced digital authentication technology for the pharmaceutical industry in response to the growing menace of counterfeit products
 "Honeywell launches authentication tech to prevent counterfeit pharma drugs")
James Murdoch weighs tapping billionaire families for India investments
His Lupa Systems is looking for about $150 million each from fewer than half-a-dozen family offices.
 "James Murdoch weighs tapping billionaire families for India investments")
Vijay Deshwal joins Poonawalla Group acquired Magma Fincorp as Group CEO
Vijay Deshwal has today joined Poonawalla group acquired Magma Fincorp Ltd, as its Group CEO.
 "Vijay Deshwal joins Poonawalla Group acquired Magma Fincorp as Group CEO")
PNB Housing goes to SAT against market regulator's order on share transfer
SEBI has asked the company not to act on preferential allotment until an independent valuation of shares was done.
 "PNB Housing goes to SAT against market regulator's order on share transfer")