Page 561 - Company News
ABB India profit jumps 22% in September quarter on improved operations
For the quarter under review, profit after tax (PAT) for the company was Rs 440 crore, which the company said "was driven by capacity utilisation, efficiencies, and revenue quality."
 "ABB India profit jumps 22% in September quarter on improved operations")
Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals
REC looking to raise Rs 6,500 crore this week
 "Bharti Telecom raises Rs 11,150 crore via bonds to fuel investment goals")
Suzuki Motor unveils first battery electric SUV, 'e Vitara' in Europe
Production of the model is slated to commence at Suzuki Motor Gujarat in India in spring 2025, with sales expected to begin in various countries, including Europe, India, and Japan, around summer 2025
 "Suzuki Motor unveils first battery electric SUV, 'e Vitara' in Europe")
ONGC, NTPC form joint venture to advance renewable, new energy interests
JVC will contribute significantly to India's renewable energy landscape, drive innovation and foster environmental stewardship
 "ONGC, NTPC form joint venture to advance renewable, new energy interests")
JC Flowers seeks bids to sell Rs 2,613 crore of loans through Swiss auction
The anchor bid for the loan portfolio, which comprises 15,096 accounts, translates into a recovery of 9.08 per cent on the outstanding portfolio
 "JC Flowers seeks bids to sell Rs 2,613 crore of loans through Swiss auction")
Cairn becomes India's 1st oil & gas company to join UNEP's OGMP 2.0
OGMP 2.0 established a comprehensive framework that includes best practices for emissions management and a robust reporting system
 "Cairn becomes India's 1st oil & gas company to join UNEP's OGMP 2.0")
John Distilleries plans 30-acre Karnataka plant with Rs 600 cr investment
The company also targets nearly 150 cases of single malt and about 2.3 crore cases of all other brands put together by the end of the financial year 2025 (FY25)
 "John Distilleries plans 30-acre Karnataka plant with Rs 600 cr investment")
SAR Televenture to acquire Tikona Infinet for Rs 669 cr in cash, stock deal
Post deal completion, timelines for which were not revealed, the SAR group will become an integrated telecom services provider with a presence in ISP services, IP1 services, broadband and enterprise
 "SAR Televenture to acquire Tikona Infinet for Rs 669 cr in cash, stock deal")
Dell laptops named TRA's 2024 Most Desired Brand, iPhone & Titan follow
FMCG remains the largest super-category, followed by food & beverage, automobile, and personal accessories
 "Dell laptops named TRA's 2024 Most Desired Brand, iPhone & Titan follow")
SME, microfinance stress to add pressure on IIFL's asset quality: Fitch
Affirms IIFL Finance's long-term rating; removes from rating watch negative
 "SME, microfinance stress to add pressure on IIFL's asset quality: Fitch")
Vendor delisted for mislabelling mushrooms at Hyperpure warehouse: Zomato
Defending Hyperpure's food safety standards, Goyal said the Hyperpure warehouse where the inspection was carried out has achieved an A+ rating
 "Vendor delisted for mislabelling mushrooms at Hyperpure warehouse: Zomato")
China's Haier plans joint venture with JSW group, plans Rs 1k cr investment
It is one of the leading brands in the home appliances and consumer electronics market and operates two manufacturing units - Pune, Maharashtra and Greater Noida, Uttar Pradesh
 "China's Haier plans joint venture with JSW group, plans Rs 1k cr investment")
Alliance Insurance Brokers plans entry into aquaculture, RE, aviation
Over the years, Alliance Insurance Brokers has increased its footprint across 14 cities in the country and is working with 14 countries globally
 "Alliance Insurance Brokers plans entry into aquaculture, RE, aviation")
Crystal Crop acquires I&B Seeds to boost flower and vegetable seed segment
"By expanding into the vegetable and flower seed segments, we are not only diversifying our offerings but also enhancing our ability to provide farmers with high-quality seeds that can significantly
 "Crystal Crop acquires I&B Seeds to boost flower and vegetable seed segment")
Maruti Suzuki passenger car output falls 16%, utility vehicle rises 33%
Similarly, production of compact cars Baleno, Celerio, Dzire, Ignis, Swift, WagonR and those supplied to Toyota Kirloskar Motor were lower at 75,007 units compared to 90,783 units in the same month
 "Maruti Suzuki passenger car output falls 16%, utility vehicle rises 33%")
Welspun Corp secures Rs 1,300 crore orders in US for coated HSAW pipes
Despite the latest order on Monday, shares of Welspun Corp saw a slight dip, as the broader stock market continues to face headwinds, with key indices reflecting a persistent downtrend
 "Welspun Corp secures Rs 1,300 crore orders in US for coated HSAW pipes")
Govt infuses Rs 1,650 cr in state-owned RINL to keep it as a going concern
It also said that SBICAPS, a wholly-owned subsidiary of the State Bank of India (SBI), is preparing a report on the sustainability of RINL
 "Govt infuses Rs 1,650 cr in state-owned RINL to keep it as a going concern")
After cola play, Reliance Consumer takes trade margin fight to snacks
Reliance Consumer announced its entry into the fast-moving consumer market in 2022
 "After cola play, Reliance Consumer takes trade margin fight to snacks")
Apollo Hospitals to add 3,512 beds, invest Rs 6,100 crore in four years
The Mumbai hospital is expected to be operational in four years and is envisioned to redefine holistic health by integrating advanced diagnostic screening
 "Apollo Hospitals to add 3,512 beds, invest Rs 6,100 crore in four years")
Coal India hopes to rejoin dividend list as ECL improves performance
He added that the next 3-4 months would present challenges for production due to monsoon impacts on growth
 "Coal India hopes to rejoin dividend list as ECL improves performance")