Page 603 - Company News

US labour board accuses Apple of imposing unlawful workplace rules

The complaint accuses Apple of "interfering with, restraining, and coercing employees in the exercise of" their rights under federal labor law

Toyota Motor plans to invest $500 mn in electric air taxi company

The Japanese automaker's new funding is on top of $394 million in prior investments it made in Joby and is part of a strategic alliance on commercial manufacturing

IDBI Capital calls for bids on Rs 1,772 crore SBI-led highway bad loans

State-owned NARCL has submitted an anchor bid of Rs 300 crore for exposure, prompting a Swiss auction scheduled for October 30

Adani Group merges two energy infrastructure subsidiaries with ANIL

ANIL is reportedly setting up facilities to produce solar glass, aluminium frames, and backsheets -- key parts for its existing solar cell and module manufacturing

Royal Enfield total sales increase 11% to 86,978 units in September

In the domestic market, dispatches increased 7 per cent year on year to 79,326 units from 74,261 units in the year-ago period, Royal Enfield said in a statement

Chhattisgarh's SECL plans to remove 2,200 mt of scrap under special drive

This will free up a huge amount of space, which can be reused. Along with this, it will also generate additional revenue of about Rs 10 crore

Air India introduces new policy on room sharing, allowances for cabin crew

Among other changes, the source in the know said the allowances for cabin crew of international flights will be increased from USD 75-125 bracket to USD 85-135 bracket

Consolidated revenue growth in Q2 remained in high single-digits: Marico

In the second quarter, the domestic business posted mid-single digit volume growth, exhibiting improvement on a sequential basis, it added

Air Kerala appoints seasoned aviator C S Randhawa as VP for operations

Air Kerala had last month announced the appointment of aviation industry veteran Harish Kutty as its Chief Executive Officer

SBI plans to add 600 branches in network during FY25: Chairman Setty

The country's biggest lender opened 137 branches last fiscal. Of the total, 59 new rural branches were inaugurated

CIL plans to monetise 4 old washeries, aimed at long term supply contract

The public sector enterprise commissioned the operation of Madhuband Washery having 5 million tonnes of annual capacity during 2023-24 to further enhance coking coal beneficiation capacity

Vistara experience to remain; services to have 'AI2' prefix: Air India

Among other elements, Vistara's catering is being extended to Air India

Peak XV Partners slashes fees, reduces latest fund by $465 million

Move to reduce the fund and lower fees in prior funds is rare in Asia, and underscores challenges of investing in India where valuations have expanded given robust market for initial public offerings

India M&As back in action, up 14% in the first nine months of 2024

Bharti Airtel's acquisition of stake in BT Group, a British telecom group, for $4.08 billion topped the table of M&A transactions this year so far

Private sector capital expenditure zooms 42% in Q2, shows CMIE data

But project completions slightly lower than in March quarter

Sony Pictures appoints Ravi Ahuja as new CEO; Tony Vinciquerra to step down

As per a statement, Ahuja, who will be based in Los Angeles, will report to Sony Group Corporation Chairman and CEO Kenichiro Yoshida and Sony Group Corporation President, COO and CFO Hiroki Totoki

ZEEL aims to deliver higher profitability through enhanced performance: MD

Addressing employees at a town hall on the company's 32nd anniversary, Goenka said in the next 32 years he envisioned ZEE to "emerge as a beacon of hope and change for the society"

Videocon case: Sebi issues Rs 1 cr demand notices to Dhoot, 2 others

The regulator has warned Venugopal Dhoot of arrest and attachment of his bank accounts and assets as well as other entities if they fail to make the payment within 15 days

Foxconn plans to invest up to Rs 424 crore in semiconductor JV with HCL

The iPhone contract manufacturer has purchased a 40 per cent stake in a semiconductor joint venture (JV) for about Rs 312 crore

Ashok Leyland, travel tech firm FlixBus sign deal for inter-city mobility

Agreement will empower local bus operators through technology, say the two companies