Page 2611 - Company News
Alibaba aims to report strong financial earnings, after $260 billion slide
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive.
 "Alibaba aims to report strong financial earnings, after $260 billion slide")
Toshiba board to appoint UBS as adviser for strategic review: Report
Toshiba Corp's 6502.T board is set to appoint UBS UBSG.S as financial adviser to work on a strategic review for the Japanese conglomerate as it faces a possible private equity bidding war, said source
 "Toshiba board to appoint UBS as adviser for strategic review: Report")
Judge in US antitrust case against Facebook delays trial preparation
The judge in the US government's antitrust case against Facebook Inc said the social media company's motion to dismiss the lawsuit "raises a number of serious challenges"
 "Judge in US antitrust case against Facebook delays trial preparation")
Latest 737 Max problem sets back Boeing new airplane deliveries
Boeing continues to grapple with an electrical problem affecting some 737 Max airliners, and the setback is hurting the aircraft maker's ability to deliver new planes
 "Latest 737 Max problem sets back Boeing new airplane deliveries")
Elon Musk asks Twitter users if Tesla should accept Dogecoin
Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter "Do you want Tesla to accept Doge?", referring to a digital currency worth roughly 48 cents
 "Elon Musk asks Twitter users if Tesla should accept Dogecoin")
Bezos wraps up Amazon stock sale for $6.7 billion, continues to hold 10%
Jeff Bezos sold $1.7 billion of Amazon.com Inc. stock, bringing the amount he's unloaded this month to about $6.7 billion.
 "Bezos wraps up Amazon stock sale for $6.7 billion, continues to hold 10%")
Telecom firms see red as protests against 5G spectrum trials mount
Posts claiming the upcoming 5G trials will spread the virus have been doing the rounds
 "Telecom firms see red as protests against 5G spectrum trials mount")
Top YES Bank investor Bay Tree cuts stake in troubled lender by a third
Bank has cut back lending to companies and tried to win back depositors after being rescued in March 2020,.
 "Top YES Bank investor Bay Tree cuts stake in troubled lender by a third")
JSW Steel's April crude steel output dips 5% as it focuses on oxygen supply
In April, over 20,000 tonnes of LMO were supplied from firm's steel units; company was supplying 185 tonnes a day of LMO mid-April, which has now been raised to 1,200 tonnes
 "JSW Steel's April crude steel output dips 5% as it focuses on oxygen supply")
Amazon begins Covid-19 vaccinations for its front-line workers in India
The Jeff Bezos-led company is hosting on-site vaccination events run by licensed health care providers, at a few of its buildings in Delhi initially
 "Amazon begins Covid-19 vaccinations for its front-line workers in India")
Hyundai undertakes six-day maintenance shutdown at manufacturing plant
Hyundai Motor India has commenced annual maintenance shut down at its Chennai-based manufacturing facility for six days starting May 10 amid the second wave of coronavirus pandemic.
 "Hyundai undertakes six-day maintenance shutdown at manufacturing plant")
Flipkart scales up grocery infra to meet demand amid second covid wave
Plans to add over 800,000 sq ft of space through 5 new fulfilment centres over the next three months, in Delhi, Kolkata, Chennai, Coimbatore and Hyderabad
 "Flipkart scales up grocery infra to meet demand amid second covid wave")
HUL's Sudhir Sitapati to take over as GCPL's managing director in October
GCPL posted a 59.13 per cent YoY increase in its consolidated net profit to Rs 365.84 crore for Q4, led by a low base
 "HUL's Sudhir Sitapati to take over as GCPL's managing director in October")
Developers likely to face tough time in office leasing, says study
About 90 million square feet of lease renewals coming up this year, says a report by Anarock
 "Developers likely to face tough time in office leasing, says study")
Google Pay launches global money transfers with Wise and Western Union
Google Pay users in the United States can now transfer money to app customers in India and Singapore
 "Google Pay launches global money transfers with Wise and Western Union")
Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz
Piaggio Vehicles on Tuesday said it has added 100 dealerships in both its commercial and passenger vehicle businesses across India in 100 days despite challenging times.
 "Piaggio Vehicles adds 100 dealerships pan-India in commercial, PV biz")
Ruchi Soya announces acquisition of Patanjali's biscuits biz for Rs 60 cr
Ruchi Soya Industries on Tuesday announced the acquisition of biscuits business from Patanjali Natural Biscuits Pvt Ltd (PNBPL) in a slump sale at Rs 60.02 crore.
 "Ruchi Soya announces acquisition of Patanjali's biscuits biz for Rs 60 cr")
Lenders seek fresh bids for JBF Petrochem after firm fails to get offers
The firm, a step-down subsidiary of JBF Industries, owes some Rs 5,000 cr to the lenders; search is on to find a buyer for its stalled Karnataka project
 "Lenders seek fresh bids for JBF Petrochem after firm fails to get offers")
CCI approves internal restructuring of IBM under green channel route
CCI has approved Kyndryl Holdings and Grand Ocean Managed Infrastructure Services' proposal for the internal restructuring of IBM Corporation under the green channel route
 "CCI approves internal restructuring of IBM under green channel route")
Covid-19 pandemic accelerating adoption of artificial intelligence: IBM
IBM's "Global AI Adoption Index 2021" revealed that while AI adoption was flat over the last year, momentum is shifting due to the global Covid-19 pandemic