Page 619 - Company News
L&T acquires 12.25% stake worth Rs 12.5 crore in quality management firm
Engineering and construction giant Larsen & Toubro has acquired 12.5 million equity shares in not-for-profit company Indian Foundation for Quality Management
 "L&T acquires 12.25% stake worth Rs 12.5 crore in quality management firm")
Daikin Industries invests Rs 1,400 cr in India to boost local manufacturing
According to recent regulatory filings by Daikin Airconditioning India with the Registrar of Companies (RoC), this capital was provided in two phases: Rs 600 crore in June and Rs 800 crore in August
 "Daikin Industries invests Rs 1,400 cr in India to boost local manufacturing")
Reliance Infra to receive Rs 1,100 cr equity infusion from promoters
The two other investors participating in the preferential issue are Mumbai-based Fortune Financial & Equities Services and Florintree Innovations LLP
 "Reliance Infra to receive Rs 1,100 cr equity infusion from promoters")
Oberoi Group exits UAE market, ends partnership with Al Zorah Resort
The management contract between EIH Holdings Ltd, a subsidiary of EIH Ltd, and Al Zorah Development Private Co Ltd will officially end on February 28, 2025
 "Oberoi Group exits UAE market, ends partnership with Al Zorah Resort")
Adani Group eyes 46.64% stake acquisition in ITD Cementation India
Acquisition in ITD Cementation India would strengthen Adani Group's civil engineering capabilities
 "Adani Group eyes 46.64% stake acquisition in ITD Cementation India")
Brookfield likely to add more to $13 bn it has bet on India infrastructure
Toronto-based Brookfield has nearly $29 billion of assets across infrastructure, real estate, renewable and private equity investments in India
 "Brookfield likely to add more to $13 bn it has bet on India infrastructure")
SpiceJet's share sale likely to lure Tata Mutual Fund among others
The budget airline owes payments to airports, has placed staff on leave without pay and withheld mandatory social security payments since January 2022
 "SpiceJet's share sale likely to lure Tata Mutual Fund among others")
Govt approves sale of FSNL to Japan's Konoike Transport for Rs 320 cr
The bid submitted by Konoike Transport Co. Ltd at Rs 320 crore was the highest of the two bids and was also above the reserve price
 "Govt approves sale of FSNL to Japan's Konoike Transport for Rs 320 cr")
Global investor consortium lines up Rs 2,100 crore investment in SP Group
Engineering and construction major Shapoorji Pallonji group is gearing up to receive investments of over Rs 2,100 crore from a consortium of global investors led by Deutsche Bank
 "Global investor consortium lines up Rs 2,100 crore investment in SP Group")
IT major TCS retains position as India's most valuable brand: Kantar
With a brand value of $49.7 billion, TCS has seen a 16 per cent rise compared to last year, driven by investments in innovation, particularly in artificial intelligence (AI) and digital transformation
 "IT major TCS retains position as India's most valuable brand: Kantar")
PVR INOX to make 'Movie Re-Release' a major part of its business model
Lack of content, demand fuels movie re-releases
 "PVR INOX to make 'Movie Re-Release' a major part of its business model")
Global firms appoint top India deal makers as Asia heads amid deal surge
Firms such as KKR & Co, Blackstone Inc., and more recently Carlyle are expanding the roles of their top executives to oversee the region
 "Global firms appoint top India deal makers as Asia heads amid deal surge")
Centre asks EY India to explain its position on CA employee's death
Anna Sebastian Perayil died in July: Mother blames 'backbreaking work' at company
 "Centre asks EY India to explain its position on CA employee's death")
US Fed rate cut to help emerging nations in taking similar step: CRISIL
Crisil Chief Economist D K Joshi said the economy has done reasonably well with the first quarter data showing private consumption is picking up and investments have been strong
 "US Fed rate cut to help emerging nations in taking similar step: CRISIL")
Analog Devices, Tata Group sign pact to make semiconductors in India
Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat
 "Analog Devices, Tata Group sign pact to make semiconductors in India")
Binance detaches itself from any liabilities days after WazirX cyber attack
It refuted WazirX's claims that the global exchange owns the company, while stating that it does not operate the platform
 "Binance detaches itself from any liabilities days after WazirX cyber attack")
Bharti Airtel is 4th company in India to hit a market cap of Rs 10 trillion
Airtel now 5th most valuable telecom operator globally valued at $118.3 billion
 "Bharti Airtel is 4th company in India to hit a market cap of Rs 10 trillion")
SC rejects telecom firms' pleas on AGR case, Vodafone Idea stocks tank
Failure of last legal recourse by telcos to hit Vi the hardest despite the firm paying back Rs 7,900 crore
 "SC rejects telecom firms' pleas on AGR case, Vodafone Idea stocks tank")
Macrotech Developers raises stake in 3 warehousing firms for Rs 239.56 cr
In a regulatory filing, the company said it has executed Securities Purchase Agreements (SPAs) with Ivanhoe Warehousing India Inc in this regard
 "Macrotech Developers raises stake in 3 warehousing firms for Rs 239.56 cr")
Combined value of top 75 brands up 19% to $450.5 bn, TCS tops chart: Report
India's leading IT firm TCS remained the most valuable brand for the third straight year, folllowed by HDFC Bank, Airtel, Infosys and SBI, the report said
 "Combined value of top 75 brands up 19% to $450.5 bn, TCS tops chart: Report")