Page 423 - Company News
Samsung India vs union: High-stakes showdown in small factory town
Crucial negotiations tomorrow; workers threaten to lock factory gates
 "Samsung India vs union: High-stakes showdown in small factory town")
Won't stop Volkswagen consignment in $1.4 bn tax demand case: Centre to HC
The tax demand notice relates to the firm allegedly importing car parts as individual units rather than as completely knocked down (CKD) units, which attract higher import duties
 "Won't stop Volkswagen consignment in $1.4 bn tax demand case: Centre to HC")
Audi India bets on EVs for growth in India as supply chain issues ease
In a recent discussion, the company confirmed that while supply chain disruptions previously affected availability, the situation has now stabilised
 "Audi India bets on EVs for growth in India as supply chain issues ease")
Airtel lands subsea cable in Chennai to connect India to Singapore, France
The 21,700 km SEA-ME-WE-6 cable brings 220 TBPs of data, to help hyperscalers
 "Airtel lands subsea cable in Chennai to connect India to Singapore, France")
Texmaco to focus on non-wagon verticals: Executive Director & Vice-Chairman
Company expects wagon order growth to moderate in near term
 "Texmaco to focus on non-wagon verticals: Executive Director & Vice-Chairman")
'Matter of survival': Volkswagen to court in $1.4 bn tax demand case
Authorities alleged Volkswagen India imported almost entire cars in an unassembled condition - which attracts a 30-35% tax - but evaded levies by mis-classifying them as "individual parts"
 "'Matter of survival': Volkswagen to court in $1.4 bn tax demand case")
PE firms tap platform model to build scalable biz, boost efficiency
One of the latest examples is Carlyle combining auto component manufacturers Roop Automotives and Highways Industries to build an auto parts platform
 "PE firms tap platform model to build scalable biz, boost efficiency")
Tata Capital to issue green bonds, NCDs to raise Rs 15,000 crore
Tata Capital, which is facing the Reserve Bank of India's (RBI's) deadline to get its shares listed by September this year, will use the proceeds for on-lending purposes and business operations
 "Tata Capital to issue green bonds, NCDs to raise Rs 15,000 crore")
Vedanta creditors to meet on Feb 18 for final vote on demerger plan
Both secured and unsecured lenders will discuss the much-awaited overhaul plan on Feb 18 and vote on it, according to a statement from the company
 "Vedanta creditors to meet on Feb 18 for final vote on demerger plan")
Airbus struggles to raise A350 output on delays in fuselage parts arrival
The delays have cast doubt on Airbus' ability to increase production above current rates of around six jets a month for at least the rest of this year
 "Airbus struggles to raise A350 output on delays in fuselage parts arrival")
NTPC to invest $62 bn in 30 GW nuclear power expansion over 20 years
NTPC was targeting 10 GW of nuclear capacity but tripled the goal after the government this month announced plans to open up the sector to foreign and private investment
 "NTPC to invest $62 bn in 30 GW nuclear power expansion over 20 years")
360 ONE Asset to acquire 15% stake in Bharti AXA, help in mkt expansion
The transaction is subject to regulatory approvals
 "360 ONE Asset to acquire 15% stake in Bharti AXA, help in mkt expansion")
JK Tyre India President Anuj Kathuria resigns citing personal reasons
Kathuria had joined JK Tyre in 2022, and is an automotive industry veteran who has worked in senior positions in Ashok Leyland and Tata Motors prior to joining JK Tyres
 "JK Tyre India President Anuj Kathuria resigns citing personal reasons")
Reliance Consumer's Campa partners with JioStar as co-sponsor of IPL 2025
Reliance Consumer Products said this partnership will help expand Campa's brand presence across Star Sports Network
 "Reliance Consumer's Campa partners with JioStar as co-sponsor of IPL 2025")
Manufacturers asked to revise MRP for drugs with nil, reduced customs duty
In her budget speech, Finance Minister Nirmala Sitharaman announced the exemption of 36 drugs used to treat cancer, rare diseases, and other severe chronic diseases from the basic customs duty
 "Manufacturers asked to revise MRP for drugs with nil, reduced customs duty")
Not in discussions for ventures with other airlines at present: flydubai
The statement comes against the backdrop of reports that the airline along with Busy Bee Airways might be looking at buying the assets of grounded Go First
 "Not in discussions for ventures with other airlines at present: flydubai")
Airtel completes landing of SEA-ME-WE-6 submarine cable in Chennai
The company recently landed the SEA-ME-WE 6 (Southeast Asia-Middle East-West Europe-6 or SMW6) cable in Mumbai on December 30, 2024
 "Airtel completes landing of SEA-ME-WE-6 submarine cable in Chennai")
Govt, Intel partner to launch AI for Entrepreneurship initiative for youth
The module aims to demystify artificial intelligence (AI) and foster entrepreneurial thinking among young innovators across the country, according to a statement
 "Govt, Intel partner to launch AI for Entrepreneurship initiative for youth")
Luxury car segment like a growing startup, may hit 5% of car sales: Audi
Dhillon said the launch of the RS Q8 model is primarily focussed on building Audi brand and is a brand shaper, top of the line product
 "Luxury car segment like a growing startup, may hit 5% of car sales: Audi")
Adani Group pledges Rs 2,000 crore to establish schools across India
Earlier this month, Adani had committed to spending Rs 10,000 crore on social causes when his younger son Jeet tied nuptial knots
 "Adani Group pledges Rs 2,000 crore to establish schools across India")