Page 527 - Company News
Candytoy Corporate raises Rs 110 cr to expand manufacturing capacity
CTC manufactures candy toys for companies such as Colgate, Puma, MTR, Bournvita, Yellow Diamonds, Vistara Airlines and AirAsia among others. It has also partnered with Reliance Retail
 "Candytoy Corporate raises Rs 110 cr to expand manufacturing capacity")
Swiggy rolls out kitchen, hygiene, and photoshoot support for restaurants
Swiggy's initiatives include kitchen equipment support, hygiene audits, and photoshoot services to boost operations, hygiene, and customer engagement for restaurant partners
 "Swiggy rolls out kitchen, hygiene, and photoshoot support for restaurants")
Walmart to roll back diversity policies amid pressure from conservatives
The retailer will scale back racial equity training, stop participating in rankings by an LGBTQ advocacy group and review its support for Pride and other events
 "Walmart to roll back diversity policies amid pressure from conservatives")
12-14 months to survive? Nissan seeks investor after Renault reduces stake
Renault has decreased its stake in Nissan from 43% in 2002 to 15% in 2023, aligning with Nissan's 15% non-voting stake in Renault
 "12-14 months to survive? Nissan seeks investor after Renault reduces stake")
LeapFrog Investments secures $1.15 billion in largest fund to date
The fund, comprising $808 million in primary commitments and $210 million in pre-allocated co-investment, primarily focuses on healthcare and financial services in growth markets
 "LeapFrog Investments secures $1.15 billion in largest fund to date")
TCS secures 3-year extension with SPARSH to streamline defence pensions
TCS will not only maintain the hardware and software of the programme for three years, but also deliver key updates to the system
 "TCS secures 3-year extension with SPARSH to streamline defence pensions")
Nokia phone maker HMD moves production to India, urges suppliers to join
Nokia phone maker HMD is shifting a significant portion of its manufacturing from China to India as part of its global expansion strategy
 "Nokia phone maker HMD moves production to India, urges suppliers to join")
Standard Chartered leads as dollar settlement bank in India's GIFT city
A settlement bank is traditionally responsible for processing trades, dealing with everything from the exchange of payment from buyer to seller and the transfer of securities.
 "Standard Chartered leads as dollar settlement bank in India's GIFT city")
Trouble mounts for Byju's as firm faces new probe over financial practices
The federal government has asked the regional office of the Registrar of Companies in Hyderabad to investigate Byju's books to ascertain if the company misreported financial statements
 "Trouble mounts for Byju's as firm faces new probe over financial practices")
SMFG India Credit bets big on key southern market to drive future growth
The new office in Chennai spans 68,000 square feet and can accommodate over 730 employees
 "SMFG India Credit bets big on key southern market to drive future growth")
Charges against Adani can be withdrawn after Trump takes over: Lawyer
Attorney Ravi Batra added that that is an issue Gautam Adani can raise with his government, and request them to raise bilaterally with the incoming administration of Trump
 "Charges against Adani can be withdrawn after Trump takes over: Lawyer")
'No new financial commitments under discussion with TotalEnergies': Adani
French energy conglomerate TotalEnergies would pause further investments in Adani Group companies due to corruption allegations made by the US SEC
 "'No new financial commitments under discussion with TotalEnergies': Adani")
Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment
The US credit rating agency places three Adani entities under Rating Watch Negative status
 "Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment")
Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche
Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche, delays due to DPIIT approval; first tranche of Rs 3,000 crore raised in September via Barclays, 360 One
 "Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche")
Fitch puts some Adani bonds on negative watch after US SEC bribery charges
US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew Sagar Adani and six others for their alleged roles in a $265-million scheme
 "Fitch puts some Adani bonds on negative watch after US SEC bribery charges")
Indian billionaire and Essar Group co-founder Shashi Ruia passes away at 81
Shashi Ruia, who co-founded the Essar Group along with his brother Ravi Ruia, is credited for expanding the company's global footprint
 "Indian billionaire and Essar Group co-founder Shashi Ruia passes away at 81")
Andhra govt mulls next steps on Adani, if power deal can be scrapped
Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place
 "Andhra govt mulls next steps on Adani, if power deal can be scrapped")
Adani Group shares drew retail investors just before US probe pullback
Individual stock holdings in eight of the group's 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg
Vedanta to proceed with dollar bond sale in first post-Adani credit test
The issue, which could raise as much as $500 million, is the first since the Adani crisis and will test global appetite for Indian high yield credit following the allegations against Adani
 "Vedanta to proceed with dollar bond sale in first post-Adani credit test")
TotalEnergies pauses investments in Adani Group after bribery charges
But group wins GQG's vote of confidence
 "TotalEnergies pauses investments in Adani Group after bribery charges")