Page 2976 - Company News
Isha, Akash Ambani, Byju debut on Fortune's '40 Under 40' influencer list
Fortune magazine said executives have moved quickly to support and empower employees while grappling with daunting challenges to the way their businesses operate
 "Isha, Akash Ambani, Byju debut on Fortune's '40 Under 40' influencer list")
Unacademy raises $150mn funding led by SoftBank, valuation reaches $1.45 bn
Existing investors General Atlantic, Sequoia Capital, Nexus Venture Partners, Facebook, and Blume Ventures also participated in the round
 "Unacademy raises $150mn funding led by SoftBank, valuation reaches $1.45 bn")
Government allows airlines to increase capacity upto 60% of total capacity
Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic
 "Government allows airlines to increase capacity upto 60% of total capacity")
Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman
Dheeraj Hinduja says company's future product plans would revolve around auto buzzword CASE mobility. CASE is an acronym for Connected, Autonomous, Shared & Electric vehicles
 "Defence, LCV and buses to be key growth levers at Ashok Leyland: Chairman")
GSFC restarts methanol plant after six years to aid import substitution
The 525-metric-tonnes-per-day unit was commissioned in 2013 and operated for 11 months before shutting down in April 2014 due to non-viability
 "GSFC restarts methanol plant after six years to aid import substitution")
Unilever to eliminate fossil fuels from cleaning products by 2030
Unilever's total greenhouse gas footprint is about 100 million metric tonnes of carbon dioxide equivalents globally
 "Unilever to eliminate fossil fuels from cleaning products by 2030")
Covid-19 restrictions to shave off 18% of ONGC capex for FY21: Executive
"Capex flow will get pushed to next fiscal," Subhash Kumar said adding FY21 capex would be around Rs 26,500 crore
 "Covid-19 restrictions to shave off 18% of ONGC capex for FY21: Executive")
Lupin launches generic rheumatoid arthritis drug 'Leflunomide' in US market
Drug maker Lupin on Wednesday said it has launched Leflunomide tablets, used to treat rheumatoid arthritis, in the US market.
 "Lupin launches generic rheumatoid arthritis drug 'Leflunomide' in US market")
Volkswagen commences bookings for automatic trims of Polo, Vento
The Polo GT trim is priced at Rs 9.67 lakh while Vento Highline Plus variant is tagged at Rs 12.99 lakh (ex-showroom)
 "Volkswagen commences bookings for automatic trims of Polo, Vento")
3one4 Capital launches $100 million fund to back early-stage start-ups
Fund will be invested in about 30 start-ups in areas such as health, machine-driven intelligent services, edtech, agritech, and logistics with an average ticket size between $500,000 and $4 million
 "3one4 Capital launches $100 million fund to back early-stage start-ups")
NCLT approves sale of IL&FS' education assets to Falafal Technology
IIDMCC is the wholly-owned subsidiary of ITNL International Pte Limited (IIPL), which in turn is a wholly-owned subsidiary of IL&FS Transportation Networks Ltd
 "NCLT approves sale of IL&FS' education assets to Falafal Technology")
Unacademy began as co-founder's hobby; start-up is now a unicorn
Unacademy now has 30 million registered users and 350,000 paying subscribers, almost four times as many as in February. The platform has more than 18,000 registered educators.
 "Unacademy began as co-founder's hobby; start-up is now a unicorn")
Abbott gets DCGI nod for once-a-day heart failure, angina treatment drug
This formulation will be more convenient for patients, which will help facilitate treatment adherence with the aim to improve health outcomes, it added
 "Abbott gets DCGI nod for once-a-day heart failure, angina treatment drug")
Why Premjis, Ambanis and Nadars beat non-family run companies
Family-owned businesses outdo peers in returns since 2006, suggests a Credit Suisse report
 "Why Premjis, Ambanis and Nadars beat non-family run companies")
Acquisition of Future Group to strengthen RIL's retail footprint: Moody's
Last week, RIL announced that it will acquire Future Enterprise Limited's consumer business for a purchase consideration of around Rs 24,713 cr
 "Acquisition of Future Group to strengthen RIL's retail footprint: Moody's")
Flipkart Wholesale launches digital platform for Kiranas in fashion segment
Plans to expand to 20 other cities and tap other areas such as groceries and general merchandise
 "Flipkart Wholesale launches digital platform for Kiranas in fashion segment")
Vodafone Idea board to meet on Sept 4 to consider fund-raising for AGR dues
The company plans to raise capital in one or more tranches by way of a public issue, preferential allotment, private placement, including a qualified institutions placement, it said in a statement
 "Vodafone Idea board to meet on Sept 4 to consider fund-raising for AGR dues")
Honda India sales decline 2% in August, exports stand at 15,738 units
Domestic sales in July stood at 428,231 units as against 425,664 units, a growth of 1%, it said adding this was the first time in the ongoing fiscal that its domestic sales breached the 400,000-mark
 "Honda India sales decline 2% in August, exports stand at 15,738 units")
Hyundai Motor names Ganesh Mani, Tarun Garg as whole-time directors
Appointments are for a period of three years, effective August 24, 2020
 "Hyundai Motor names Ganesh Mani, Tarun Garg as whole-time directors")
Tube Investments gets board nod to infuse another Rs 100 cr in CG Power
The firm has already committed Rs 700 crore to CG Power
 "Tube Investments gets board nod to infuse another Rs 100 cr in CG Power")