Page 512 - Company News
Iffco seeks govt nod to launch new nano NPK fertiliser in retail market
Iffco's MD U S Awasthi said the cooperative will launch nano NPK product, which is in granule form, after the necessary approval from the government
 "Iffco seeks govt nod to launch new nano NPK fertiliser in retail market")
Kazakhstan authority imposes penalty of Rs 28.7 lakh on Dr Reddy's unit
Kazakhstan has imposed the penalty on Dr Reddy's Laboratories Kazakhstan LLP towards disallowance of claim of certain expenses by the tax authorities for the calendar year 2021
 "Kazakhstan authority imposes penalty of Rs 28.7 lakh on Dr Reddy's unit")
HSBC appoints Lisa McGeough to lead US biz as CEO Elhedery shuffles leaders
The appointment comes as part of a sweeping overhaul by new CEO Georges Elhedery, who has made a raft of leadership changes and split the lender's geographic footprint into East and West
 "HSBC appoints Lisa McGeough to lead US biz as CEO Elhedery shuffles leaders")
TSMC in talks with Nvidia for Blackwell AI chip production in Arizona
The agreement, if finalised, would secure another customer for TSMC's Arizona facility, which is scheduled to start volume production next year
 "TSMC in talks with Nvidia for Blackwell AI chip production in Arizona")
Google signs MoU with AP govt to accelerate AI adoption and innovation
Google will support the state's startup ecosystem, to fuel innovation and entrepreneurship in the field of AIGoogle will support the state's startup ecosystem, to fuel innovation and entrepreneurship
 "Google signs MoU with AP govt to accelerate AI adoption and innovation")
Apple plans to invest $1 billion in manufacturing plant in Indonesia
In October, Indonesia banned sales of the iPhone 16 because it said Apple had not adhered to rules that require phones sold domestically to have at least 40 per cent locally made parts
 "Apple plans to invest $1 billion in manufacturing plant in Indonesia")
Global cos to be affected by Trump's tariffs on Canada, Mexico, China
Chinese EV maker BYD has been scouting for locations to build a plant in Mexico but has said repeatedly that the factory will serve the domestic market
 "Global cos to be affected by Trump's tariffs on Canada, Mexico, China")
ITC to increase FPOs to 4,000 in next 4 years linking one crore farmers
ITC, present in around 22 states through FPOs (Farmer Producer Organizations) and working on 20 crops, has plans to expand and deepen it further
 "ITC to increase FPOs to 4,000 in next 4 years linking one crore farmers")
As tariffs loom, Gillette razor-maker P&G sources more steel from India
The stainless steel the Gillette-brand razor maker uses is highly specialised to prevent nicks and cuts and is only produced in large quantities by a handful of companies
 "As tariffs loom, Gillette razor-maker P&G sources more steel from India")
Russia's Rosneft invested $20 bn in India, says govt quoting Putin
Rosneft gained access to India's fuel retail market when it completed a $12.9 billion deal to acquire Indian private refiner Essar Oil in 2017
 "Russia's Rosneft invested $20 bn in India, says govt quoting Putin")
Abercrombie & Fitch expands into India via partnership with Myntra Jabong
Abercrombie & Fitch Co CEO Fran Horowitz expressed enthusiasm about engaging with Indian customers and said India is an incredibly dynamic and diverse market
 "Abercrombie & Fitch expands into India via partnership with Myntra Jabong")
Apple's iPhone sales hit $10.7 bn in India, overtakes Samsung for 2nd year
Apple's iPhone shipments in India have exceeded $10.7 billion in 2024, surpassing FMCG giants like HUL and Nestle, while widening its lead over Samsung for the second consecutive year
 "Apple's iPhone sales hit $10.7 bn in India, overtakes Samsung for 2nd year")
Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr
The company may consider raising Rs 90 crore through a pre-IPO placement
 "Star Agriwarehousing files IPO papers with Sebi, aims to raise Rs 450 cr")
Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL
Bangalore International Airport Ltd (BIAL) is a joint venture between Fairfax India, Airports Authority of India (AAI) and Karnataka State Industrial and Infrastructure Development Corporation Ltd
 "Fairfax India to get addl 10% stake in Bengaluru airport operator BIAL")
Promise of free electricity powered Andhra Pradesh-Adani Green deal
State govt to bear full cost of free power but could not arrange direct supply to rural areas
 "Promise of free electricity powered Andhra Pradesh-Adani Green deal")
AWS commits $100 million in cloud credits for underserved students
Additionally, students will have access to technical guidance from AWS solution architects
 "AWS commits $100 million in cloud credits for underserved students")
NODWIN Gaming gets Rs 64 cr investment from parent Nazara Technologies
Company was valued at Rs 3,441 cr in Nov; has IP rights for events in esports, gaming, music
 "NODWIN Gaming gets Rs 64 cr investment from parent Nazara Technologies")
Coromandel Int'l, IFDC join hands to boost innovation in fertiliser sector
The collaboration marks a significant step towards addressing critical challenges in agriculture by introducing next-generation fertilisers
 "Coromandel Int'l, IFDC join hands to boost innovation in fertiliser sector")
Hyundai Motor India to hike prices across all models amid higher costs
The price increase will come into effect from Jan. 1, 2025, the country's No.2 carmaker by market share said
 "Hyundai Motor India to hike prices across all models amid higher costs")
Shareholders approve Gautam Singhania as Raymond Lifestyle chairman
Gautam Hari Singhania has been appointed executive chairman of Raymond Lifestyle Limited, with 86.85% shareholder approval, despite sharp criticism over governance and reputational risks
 "Shareholders approve Gautam Singhania as Raymond Lifestyle chairman")