Page 376 - Company News
Vikram Sahu to replace Kaku Nakhate as Bank of America's new India head
Global Equity Research Head Vikram Sahu is expected to lead Bank of America's India operations, relocate in second half of year
 "Vikram Sahu to replace Kaku Nakhate as Bank of America's new India head")
Acer India announces menstrual policy, one day paid leave per month
In a statement, the company said its latest move would enable female staff to prioritise their menstrual health without impacting their regular leave entitlements
 "Acer India announces menstrual policy, one day paid leave per month")
Mahindra & Mahindra in talks to acquire Sumitomo's stake in SML Isuzu
The potential acquisition could mark M&M's strategic entry into the trucks and buses segment, allowing it to expand beyond its current portfolio of passenger and light commercial vehicles
 "Mahindra & Mahindra in talks to acquire Sumitomo's stake in SML Isuzu")
Ola, Uber drivers in Hyderabad begin 'No AC' protest today. Here's why
Cab drivers in Hyderabad have launched a 'No AC' protest today, demanding fairer fares from Ola, Uber, and Rapido to offset rising fuel and maintenance costs
 "Ola, Uber drivers in Hyderabad begin 'No AC' protest today. Here's why")
Mt K Kapital plans second real estate fund with Rs 2,500 crore corpus
Mumbai-based Mt. K Kapital is a real estate focused fund management company with SEBI approved Category II Alternative Investment Fund (AIF) license
 "Mt K Kapital plans second real estate fund with Rs 2,500 crore corpus")
Tata AutoComp to acquire IAC Sweden, strengthening European presence
IAC Sweden has a turnover of approximately $800 million and is a well established manufacturer of interior systems and components to the automotive industry
 "Tata AutoComp to acquire IAC Sweden, strengthening European presence")
DCDC Kidney Care receives Rs 150 crore investment from ABC Impact
The company currently operates more than 200 centres across India, both under public-private partnerships (PPP) and company-owned standalone clinics, serving over 20,000 patients annually
 "DCDC Kidney Care receives Rs 150 crore investment from ABC Impact")
Amazon cuts referral fees on 12 mn products to boost seller growth in India
Move aimed to boost seller growth by offering a wider selection and more competitive offers; revised fees to come into effect from April 7
 "Amazon cuts referral fees on 12 mn products to boost seller growth in India")
IndusInd Bank taps Grant Thornton for fraud checks in accounting case
The accounting discrepancy contravened Reserve Bank of India rules, though the central bank has said IndusInd is well-capitalised
 "IndusInd Bank taps Grant Thornton for fraud checks in accounting case")
Real estate major DLF eyes Rs 74k cr in sales from new housing projects
Realty major targeting luxury housing market with products totalling 26 million square feet in pipeline
 "Real estate major DLF eyes Rs 74k cr in sales from new housing projects")
Shriram General wins fraud case, MP HC orders sit probe into nexus
The High Court, taking cognisance of discrepancies in the claim documents, ruled that the claim was fraudulent, and ruled in favour of Shriram General Insurance
 "Shriram General wins fraud case, MP HC orders sit probe into nexus")
Krafton India eyes investments, acquisitions as gaming market grows
Further, steady growth projections for the Indian economy and increasing adoption of smartphones are driving a positive outlook for the company
 "Krafton India eyes investments, acquisitions as gaming market grows")
Firms with Rs 250 cr turnover rush to join TReDS before March 31 deadline
At present, it is mandatory for all CPSEs and companies with turnover of more than Rs 500 crore to get themselves onboarded with TReDS platform
 "Firms with Rs 250 cr turnover rush to join TReDS before March 31 deadline")
ONGC to import ethane to make up for changed Qatar LNG composition
This contract is coming to an end in 2028 and the revised contract signed last year envisages QatarEnergy supplying 'lean' gas (one that is stripped of ethane and propane)
 "ONGC to import ethane to make up for changed Qatar LNG composition")
Carysil plans to invest Rs 500 crore to increase production capacity
Under the programme, Carysil has earmarked Rs 100 crore to double its sink manufacturing capacity from 1 million to 2 million units per year
 "Carysil plans to invest Rs 500 crore to increase production capacity")
Quashing Volkswagen's $1.4 bn tax bill would be 'catastrophic', says govt
India's highest-ever demand for back taxes related to import duties came after scrutiny of 12 years of Volkswagen shipments and has rekindled foreign investors' fears
 "Quashing Volkswagen's $1.4 bn tax bill would be 'catastrophic', says govt")
Oyo plans to expand 'SUNDAY Hotels' to 100 properties globally by FY26
The initiative is part of Oravel's ongoing programme to spread its premium hotel footprint around the globe
 "Oyo plans to expand 'SUNDAY Hotels' to 100 properties globally by FY26")
Air India seeks lower landing fees for long-haul flights at Delhi airport
The airline is slowly expanding its wide-body operations as well as network to cater to rising air traffic demand
 "Air India seeks lower landing fees for long-haul flights at Delhi airport")
Boeing lays off 180 people in India as part of global workforce reduction
Boeing, which has been facing multiple headwinds globally, has around 7,000 staff in India, which is also a key market for the company
 "Boeing lays off 180 people in India as part of global workforce reduction")
OpenAI, Meta in talks with Reliance for AI partnerships in India: Report
A possibility being discussed involved a relationship between Reliance Jio and OpenAI to distribute ChatGPT
 "OpenAI, Meta in talks with Reliance for AI partnerships in India: Report")