Page 466 - Company News
Renault 2024 sales volume grows 1.3% with 2.26 mn vehicles, most hybrids
Sales growth, however, slowed sharply from the 9 per cent rise recorded in 2023, as the global auto sector faced a challenging year with inflation weighing on consumer appetite
 "Renault 2024 sales volume grows 1.3% with 2.26 mn vehicles, most hybrids")
Hindenburg, Adani, and Buch: The investigations that shook markets
Hindenburg's reports revealed major corporate issues, including Adani's $100 billion market loss and other industry investigations. The firm has now announced its closure
 "Hindenburg, Adani, and Buch: The investigations that shook markets")
Q3 results today: Reliance, Infosys, LTIMindtree to post earnings on Jan 16
Q3 FY25 company results today: Reliance, Infosys, LTIMindtree, Havells, and Axis Bank are among 36 firms to release their earnings report for the Oct-Dec quarter on January 16
 "Q3 results today: Reliance, Infosys, LTIMindtree to post earnings on Jan 16")
US short-seller Hindenburg winding up its operations: Founder Nate Anderson
The plan has been to wind up after we finished the pipeline of ideas we were working on, said Nate Anderson
 "US short-seller Hindenburg winding up its operations: Founder Nate Anderson")
Reliance takes Campa Cola to Gulf markets, sets sights on Africa next
Reliance launches Campa Cola in the Middle East, challenging Coke and Pepsi with competitive pricing, local partnerships, and plans for further expansion into Asia and Africa
 "Reliance takes Campa Cola to Gulf markets, sets sights on Africa next")
Dublin-based Inspeq AI enters India market with office in Bengaluru
This will be the company's third global office, following the ones in Dublin and London
 "Dublin-based Inspeq AI enters India market with office in Bengaluru")
Downfall of Byju's, India's hot edutech startup, wipes out US debtholders
Recoveries will need to come from how Indian courts rule on the company's broader insolvency plan and how it aims to repay creditors; it's unclear how much, may be available to those in US
 "Downfall of Byju's, India's hot edutech startup, wipes out US debtholders")
Short-seller Hindenburg Research behind Adani Group selloffs disbanded
In the last few years, Hindenburg Research had launched a campaign against the Adani group, ts reports published since 2023 had resulted in billions of dollars of loss for the group
 "Short-seller Hindenburg Research behind Adani Group selloffs disbanded")
India Inc's foreign borrowings decline 20.2% in 2024 as rupee slips
The decline last calendar year followed a major uptick in 2023 when foreign loans had more than doubled from $14.38 billion in 2022 - the sharpest spike in over a decade
 "India Inc's foreign borrowings decline 20.2% in 2024 as rupee slips")
Now, Infosys' AI innovations let you step into virtual Australian Open 2025
Infosys and Tennis Australia unveiled AI-driven innovations for the 2025 Australian Open, enhancing fan engagement, player insights, and digital interactivity with novel technologies
 "Now, Infosys' AI innovations let you step into virtual Australian Open 2025")
ABFRL board approves raising $500 mn through preferential issuance and QIP
Fundraise will deleverage company and help in its growth strategy, says fashion retailer
 "ABFRL board approves raising $500 mn through preferential issuance and QIP")
Tata Motors integrates artificial intelligence for vehicle safety
Company adopting a comprehensive approach that addresses safety before, during, and after accidents
 "Tata Motors integrates artificial intelligence for vehicle safety")
Kalyan Jewellers stock plunges 28% in Jan, over Rs 21k cr mcap wiped out
In an analyst call on Tuesday the company's management had dismissed concerns around corporate governance
 "Kalyan Jewellers stock plunges 28% in Jan, over Rs 21k cr mcap wiped out")
Rural sales could rebound in 'big way' in next 4-8 quarters: Hero Moto CEO
Hero MotoCorp, India's largest two-wheeler manufacturer, recorded seven per cent increase in volume sales to 5.9 million units in 2024, with rural areas accounting for about 55 per cent of total sales
 "Rural sales could rebound in 'big way' in next 4-8 quarters: Hero Moto CEO")
India Inc opts for long-term borrowing as short-term rate spikes
L&T, Grasim, UltraTech raise funds via 10-year bonds
 "India Inc opts for long-term borrowing as short-term rate spikes")
Ceat Q3FY25 results: Net profit skids 46.4% to Rs 97.1 cr, revenue up 11.3%
Ceat's consolidated PAT for Q3FY25 stood at Rs 97.1 crore, while revenue from operations came in at Rs 3,299.9 crore
 "Ceat Q3FY25 results: Net profit skids 46.4% to Rs 97.1 cr, revenue up 11.3%")
FHRAI accuses Zomato, Swiggy of data misuse, seeks commerce ministry action
The letter raised objections to Zomato and Swiggy's entry into quick food delivery services through their private-label brands, Bistro and Snacc
 "FHRAI accuses Zomato, Swiggy of data misuse, seeks commerce ministry action")
Vedanta Resources raises $1.1 billion through dual tranche bond issuance
Vedanta Resources Finance II plc, a wholly owned subsidiary of Vedanta Resources, raised $1.1 billion through a new dual tranche issuance in international debt capital markets
 "Vedanta Resources raises $1.1 billion through dual tranche bond issuance")
Mankind Pharma hit with Rs 2.27 crore GST penalty, plans to challenge order
The pharmaceutical giant criticised the order as 'arbitrary and unjustified,' and confirmed plans to challenge the decision
 "Mankind Pharma hit with Rs 2.27 crore GST penalty, plans to challenge order")
CCI's ruling can force rollback of features, hurt business, warns Meta
The CCI has imposed a fine of $24.5 million and a five-year ban on the data sharing practice in India, the biggest market for Meta where it has more than 350 million Facebook users
 "CCI's ruling can force rollback of features, hurt business, warns Meta")