Page 520 - Company News
Co-branded credit card share likely to double by FY28: Visa's Rishi Chhabra
Spends are 20% higher than traditional cards
 "Co-branded credit card share likely to double by FY28: Visa's Rishi Chhabra")
Expressing regret, IndiGo refunds ticket to passenger who fell on ramp
The passenger, in a series of posts on X, said on August 14, half way down the ramp, his right foot suddenly slipped on a moist patch and he fell down. Later, he was taken to hospital
 "Expressing regret, IndiGo refunds ticket to passenger who fell on ramp")
Vi board to consider Rs 2K crore preferential issue to Vodafone Group
The debt-laden telco's board will consider the issue of equity shares and/or convertible securities, Vi said in an exchange filing on Thursday
 "Vi board to consider Rs 2K crore preferential issue to Vodafone Group")
Vodafone-Three merger approval marks UK's shift to prioritise growth
The Competition and Markets Authority (CMA) antitrust regulator cleared the $19 billion Vodafone-Three UK deal on Thursday after it accepted the companies' argument
 "Vodafone-Three merger approval marks UK's shift to prioritise growth")
Nvidia, Vietnam govt sign pact to jointly build AI research, data centres
Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal
 "Nvidia, Vietnam govt sign pact to jointly build AI research, data centres")
Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now'
With the launch of M-Now, Myntra is among the first vertical players of scale globally to start delivering fashion at hyper speed
 "Flipkart-owned Myntra launches 30-minute order delivery with 'M-Now'")
Moody's upgrades Oyo parent Oravel Stays rating; maintains stable outlook
Moody's said it has assigned a B2 rating to the $ 825 million senior secured term loan facility to be availed by Oravel Stays Singapore Pte.
 "Moody's upgrades Oyo parent Oravel Stays rating; maintains stable outlook")
Nykaa Fashion's CEO Nihir Parikh quits company with immediate effect
Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd
 "Nykaa Fashion's CEO Nihir Parikh quits company with immediate effect")
Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group
British telecom firm Vodafone's 3 per cent stake in Indus Towers is valued at around Rs 2,800 crore
 "Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group")
Hyundai to increase car prices by up to Rs 25,000 amid rising costs
A disruption in global shipping routes, particularly along the Red Sea, has resulted in an increase in container rates in 2024 compared to the previous year
 "Hyundai to increase car prices by up to Rs 25,000 amid rising costs")
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")