Page 585 - Company News
Why did EY fire dozens of US staff for attending mandatory training events?
Several of the fired employees expressed disbelief, arguing they were unaware they were breaking any rules and that their intention was merely to attend interesting sessions
 "Why did EY fire dozens of US staff for attending mandatory training events?")
Ashok Leyland subsidiary bags order for 500 electric buses from Chennai MTC
Of the total, 400 buses will be non-AC and 100 will feature air conditioning, all designed to accommodate 37 seated passengers and 24 standing passengers
 "Ashok Leyland subsidiary bags order for 500 electric buses from Chennai MTC")
Delhi techie snags JioHotstar domain, asks Reliance to fund Cambridge dream
The Delhi techie attached a personal request to the webpage, asking Reliance Industries to fund his Cambridge University dream in exchange for the domain
 "Delhi techie snags JioHotstar domain, asks Reliance to fund Cambridge dream")
Disney Hotstar head Sajith Sivanandan quits after merger with Reliance
After the merger, Disney and Reliance will together have more than 100 TV channels and two streaming apps
 "Disney Hotstar head Sajith Sivanandan quits after merger with Reliance")
Reliance Power gets shareholders' nod to raise Rs 1,525 cr via shares
A resolution through a postal ballot notice has been passed with requisite majority, the company said
 "Reliance Power gets shareholders' nod to raise Rs 1,525 cr via shares")
Adani's Kutch Copper nears Rs 30,000 crore copper sourcing deal with BHP
Adani-controlled Kutch Copper is reportedly in talks with Australian mining giant BHP for a deal involving up to 1.6 mtpa of copper concentrate, potentially worth Rs 30,000 crore annually
 "Adani's Kutch Copper nears Rs 30,000 crore copper sourcing deal with BHP")
Nvidia CEO Huang targets more India growth through fresh partnerships
The US chip company, which is holding one of its AI summits in Mumbai, highlighted the ways Indian partners across industries are using its AI technology
 "Nvidia CEO Huang targets more India growth through fresh partnerships")
PepsiCo, Coca-Cola eye budget soft drinks to compete with Reliance's Campa
PepsiCo and Coca-Cola plan to launch budget-friendly soft drinks, known as B-brands, to safeguard the premium status of their flagship products and preserve profit margins
 "PepsiCo, Coca-Cola eye budget soft drinks to compete with Reliance's Campa")
Delhi HC to hear Burman family's plea in Religare AGM dispute in November
The Religare board opposed the open offer and has taken action against it with regulators, including RBI and Sebi
 "Delhi HC to hear Burman family's plea in Religare AGM dispute in November")
Supreme Court sets aside NCLAT order halting Byju's insolvency proceedings
With this, Byju Raveendran and his brother Riju Raveendran have again lost control over Think and Learn Pvt Ltd or Byju's
 "Supreme Court sets aside NCLAT order halting Byju's insolvency proceedings")
Blinkit rolls out Seller Hub for easier onboarding of sellers, brands
The programme, on the lines of Fulfilled by Amazon (FBA), has already attracted over 200 brands
 "Blinkit rolls out Seller Hub for easier onboarding of sellers, brands")
FIU imposes Rs 54 lakh fine on Union Bank of India for PMLA violations
The federal agency issued the penalty notice under section 13 of the Prevention of Money Laundering Act (PMLA) on October 1 as it observed that the charges against the lender were "substantiated"
 "FIU imposes Rs 54 lakh fine on Union Bank of India for PMLA violations")
Mankind completes Rs 13,768 cr acquisition of Bharat Serums and Vaccines
The announcement was made after market hours. On Wednesday, Mankind Pharma's shares closed at Rs 2,529.80 apiece, down 1.46 per cent on the Bombay Stock Exchange (BSE)
 "Mankind completes Rs 13,768 cr acquisition of Bharat Serums and Vaccines")
Coca Cola flags slowdown in emerging markets, cites heavy monsoons in India
Company's global unit case volume declines 1% in Q3
 "Coca Cola flags slowdown in emerging markets, cites heavy monsoons in India")
Hindustan Unilever to separate ice cream business following board decision
A new blend: Portfolio churn will help it strengthen core offerings in demand spaces
 "Hindustan Unilever to separate ice cream business following board decision")
Deferred tax pulls down Honda Cars's net profit by 53% to Rs 661 crore
During the two Covid-affected years of FY20 and FY21, the company's net loss stood at Rs 1,672.2 crore and Rs 1,587.5 crore, respectively, according to documents
 "Deferred tax pulls down Honda Cars's net profit by 53% to Rs 661 crore")
Hyundai Motor India gets flood of bullish calls amid its weak debut
The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers
 "Hyundai Motor India gets flood of bullish calls amid its weak debut")
Growth trajectory to aid higher valuations for Persistent Systems
The company continues to outpace the industry. Healthcare, and banking, financial services and insurance (BFSI) were the two verticals contributing to growth
 "Growth trajectory to aid higher valuations for Persistent Systems")
GST appeals authority upholds notice of Rs 139 cr against Maruti Suzuki
The country's largest carmaker said it will be filing an appeal against the appellate order before the Tribunal
 "GST appeals authority upholds notice of Rs 139 cr against Maruti Suzuki")
Tata to hike tea prices across brand portfolio over next few months
It has started taking "calibrated price increases" while ensuring that there is no demand shock and also ensuring that it stays competitive, D'Zouza told reporters on the sidelines of an event
 "Tata to hike tea prices across brand portfolio over next few months")