Page 2571 - Company News
Sunak drawn into in-laws' Amazon India tax row as they face $7.7 mn bill
The revelations come just days after Sunak led the G7 finance ministers' charge to agree to a global deal designed to make tech companies pay more tax.
 "Sunak drawn into in-laws' Amazon India tax row as they face $7.7 mn bill")
Sterling and Wilson Solar names Amit Jain as global CEO effective May 31
He succeeds Bikesh Ogra, who relinquished the post on May 31, but who continues as a director on the company's board
 "Sterling and Wilson Solar names Amit Jain as global CEO effective May 31")
JK Tyre to spend Rs 200 crore in next two years to enhance production
The firm reduced net debt by Rs 929 crore in FY21
 "JK Tyre to spend Rs 200 crore in next two years to enhance production")
Reports of NSDL freezing accounts of 3 FPIs are erroneous: Adani Group
These reports are causing irreparable loss of economic value to the investors at large, Adani Group Companies said in bourse filings
 "Reports of NSDL freezing accounts of 3 FPIs are erroneous: Adani Group")
Amara Raja to invest in lithium-ion batteries, expand current biz verticals
Meanwhile, the company said that its Founder Chairman Ramachandra Galla, who steered the company for 36 years, has expressed his decision not to seek reappointment.
 "Amara Raja to invest in lithium-ion batteries, expand current biz verticals")
Flipkart Wholesale sees 3x jump in digital adoption among kiranas
Flipkart Wholesale is also witnessing high organic adoption of e-commerce among its Best Price members
 "Flipkart Wholesale sees 3x jump in digital adoption among kiranas")
Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment
Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure.
 "Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment")
Shriram Transport Finance raises nearly Rs 2,000 crore through QIP
The issue, which was launched on June 7, 2021, received 6.3 times oversubscription, a company release said.
 "Shriram Transport Finance raises nearly Rs 2,000 crore through QIP")
Sterling and Wilson Solar announces appointment of Amit Jain as Global CEO
He succeeds Bikesh Ogra, who relinquished the position with effect from May 31, 2021
 "Sterling and Wilson Solar announces appointment of Amit Jain as Global CEO")
HCL Technologies hires Accenture exec Siki Giunta to head cloud business
Industry veteran will lead #HCLCloudSmart, the company's service for business solutions.
 "HCL Technologies hires Accenture exec Siki Giunta to head cloud business")
JSW Cement enters construction chemicals biz, launches green products
JSW Cement said on Monday it has entered the construction chemical sector with the launch of a green product range in the category
 "JSW Cement enters construction chemicals biz, launches green products")
MVS Engineering seeks govt help to source component for oxygen production
Industrial gas manufacturer MVS Engineering has sought the government's intervention to ensure smooth supply of zeolite molecular sieves, a key component for the production of medical oxygen
 "MVS Engineering seeks govt help to source component for oxygen production")
Navi General gives customers option to buy health insurance through EMIs
Customers can purchase health insurance at monthly installments of as low as Rs 240 per month.
 "Navi General gives customers option to buy health insurance through EMIs")
RattanIndia Power repays Rs 1,219 cr debt in last 15 months despite Covid
RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the Covid-19
 "RattanIndia Power repays Rs 1,219 cr debt in last 15 months despite Covid")
Amara Raja Batteries to diversify into emerging energy opportunities
Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities
 "Amara Raja Batteries to diversify into emerging energy opportunities")
Tata Digital's 1mg buy a prescription for strong e-pharma growth
1mg reported revenue of Rs 357.9 crore for 2019-20 (FY20), and Rs 266 crore for the period from April 1, 2020, to January 31, 2021
 "Tata Digital's 1mg buy a prescription for strong e-pharma growth")
Tata Motors board approves proposal to raise up to Rs 500 cr via securities
Tata Motors on Monday said its board has approved a proposal to raise up to Rs 500 crore through the issue of securities on a private placement basis
 "Tata Motors board approves proposal to raise up to Rs 500 cr via securities")
Qualcomm, MediaTek gain big in smartphone application chip market
Qualcomm led the smartphone application processor (AP) market with a 40 per cent revenue share in the first quarter this year, followed by MediaTek with 26 per cent and Apple with 20 per cent
 "Qualcomm, MediaTek gain big in smartphone application chip market")
Young workers want to return to offices to save their careers in pandemic
This workforce says the coronavirus has left them under-informed and cut off from their teams.
 "Young workers want to return to offices to save their careers in pandemic")
Toshiba blames former CEO's 'confrontational approach' to shareholders
The comment from Osamu Nagayama, chairman of Toshiba's board, comes after a shareholder-commissioned investigation revealed company colluded with Japanese government to "beat up" foreign shareholders
 "Toshiba blames former CEO's 'confrontational approach' to shareholders")