Page 568 - Company News
Adani Power cuts power supply to Bangladesh by 50% over outstanding bills
Earlier, the Adani company wrote to the power secretary asking the Bangladesh Power Development Board (PDB) to clear its outstanding dues by October 30
 "Adani Power cuts power supply to Bangladesh by 50% over outstanding bills")
ADDA to invest Rs 15 cr for expansion in India's society management market
On the USPs of the ADDA platform, she noted that the company's no advertisement policy ensures that there is zero risk to the privacy of the users, enhancing secure living and data protection
 "ADDA to invest Rs 15 cr for expansion in India's society management market")
Chevron beats profit expectations in Q3 on higher oil, gas production
The company, whose proposed $53 billion takeover of Hess has been delayed due to a challenge by rivals Exxon Mobil and CNOOC Ltd, reported a profit of $4.53 billion
 "Chevron beats profit expectations in Q3 on higher oil, gas production")
Water tech company AO Smith completes acquiring Pureit Business from HUL
While AO Smith Corporation, in a statement had said the purchase price would be approximately USD 120 million in cash, subject to customary adjustments
 "Water tech company AO Smith completes acquiring Pureit Business from HUL")
Suven, Cohance aim to double combined biz revenue to Rs 6,000 cr by FY29
With 13 Phase-3 intermediate projects in progress, the company anticipates benefiting from India's projected growth in global CDMO share to 5-7 per cent over the next four to five years, Suven Pharma
 "Suven, Cohance aim to double combined biz revenue to Rs 6,000 cr by FY29")
Apple's China sales dip slightly amid competition, AI rollout faces delays
Apple's China sales dropped by nearly 1 per cent in the last quarter, highlighting continued challenges as local competitors gain ground and regulatory delays slow the launch of its AI features in the
Partha Pratim Sengupta assumes charge as Bandhan Bank's new MD & CEO
Partha Pratim Sengupta assumed charge as new MD&CEO of private lender Bandhan Bank with effect from Friday, the lender said.
 "Partha Pratim Sengupta assumes charge as Bandhan Bank's new MD & CEO")
Auto majors Maruti Suzuki, Mahindra report best-ever October sales
The shift towards larger vehicles also impacted MSI's mini-segment cars and compact car sales
 "Auto majors Maruti Suzuki, Mahindra report best-ever October sales")
AO Smith Corp completes acquisition of Pureit from Hindustan Unilever
Pureit complements our premium brands in the market, and their strength in e-commerce will allow us to expand our presence in that channel, said Kevin J Wheeler, AO Smith's chairman and CEO said
 "AO Smith Corp completes acquisition of Pureit from Hindustan Unilever")
Reliance-Disney joint venture deal gets European Commission approval
The merger between RIL's Viacom18 and Disney's Star India is anticipated to conclude by early November, pending the final approvals from CCI, NCLT and the Broadcasting Ministry
 "Reliance-Disney joint venture deal gets European Commission approval")
Ola Electric vehicle registrations up 74% at 41,605 units in October
The company sold over 50,000 units in October 2024, Ola Electric said in a statement
 "Ola Electric vehicle registrations up 74% at 41,605 units in October")
Apple sets record India revenue driven by iPhone sales, plans 4 new stores
The iPhone wasn't the only high-performing product; Cook mentioned that iPad sales in India saw strong performance as well, achieving double-digit growth in the quarter ending September
 "Apple sets record India revenue driven by iPhone sales, plans 4 new stores")
LEAD Group to seek PE funding after hitting profitability milestone
Edtech unicorn hopes to turn the corner by FY25-end, says CEO
 "LEAD Group to seek PE funding after hitting profitability milestone")
Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar
AI is a unique technology and it will disrupt the knowledge worker
 "Cognizant saw 13,000 associates joining back, says CEO Ravi Kumar")
Ather Energy sets monthly record with over 20,000 scooters shipped in Oct
The recently launched family scooter, Rizta, has been a significant contributor, accounting for approximately 60 per cent-70 per cent of this month's total volume
 "Ather Energy sets monthly record with over 20,000 scooters shipped in Oct")
FMCG sector flags urban consumption slowdown as food inflation bites
Lower salary increases, high interest rates will continue impacting urban demand, says Nomura
 "FMCG sector flags urban consumption slowdown as food inflation bites")
Uber shares slump on muted bookings amid holidays in core US rides business
Despite setting a record, the firm struggled with currency exchange headwinds, which weighed on its rideshare business
 "Uber shares slump on muted bookings amid holidays in core US rides business")
L&T eyes aerospace expansion to ride India's $44 billion market push
The move follows the government's recent efforts to open its space industry - traditionally led by ISRO - to private firms
 "L&T eyes aerospace expansion to ride India's $44 billion market push")
Persana AI raises $2.3 million to tap sales intelligence market growth
The startup aims to empower GTM (go to market) teams with tools that streamline workflows and drive growth in today's data-driven landscape.
 "Persana AI raises $2.3 million to tap sales intelligence market growth")
EKA Mobility lands Rs 3,000 cr deal to manufacture 1,500 electric buses
Plans to expand operations with Rs 650-cr outlay
 "EKA Mobility lands Rs 3,000 cr deal to manufacture 1,500 electric buses")