Page 623 - Company News
Hero Future Energies plans to invest $20 bn in renewables over 6 years
Indian companies are expanding their renewable energy capacity, with the government aiming to add at least 500 GW of clean energy by 2030 to reduce emissions
 "Hero Future Energies plans to invest $20 bn in renewables over 6 years")
Reckitt Benckiser starts talks on $7.9 billion homecare assets sale
Goldman Sachs Group Inc. is helping Reckitt on evaluating options for its formula brand Mead Johnson, including a potential sale, according to the people
 "Reckitt Benckiser starts talks on $7.9 billion homecare assets sale")
BSE defers IT services firm Trafiksol's IPO after investors' concern
Company's issue had garnered bids over Rs 10,000 cr; participants approached Sebi alleging irregularities
 "BSE defers IT services firm Trafiksol's IPO after investors' concern")
IBBI chief asks insolvency professionals to be transparent to improve bids
Speaking at a conference organised by IIIPI) in the national capital, he said insolvency professionals and insolvency professional entities are the fulcrum of the insolvency system
 "IBBI chief asks insolvency professionals to be transparent to improve bids")
Glas Trust moves Supreme Court against Byju's resolution professional
A committee of creditors (CoC) is a group of lenders who make decisions about an insolvent company or borrower in the insolvency resolution process
 "Glas Trust moves Supreme Court against Byju's resolution professional")
DGCA investigates IndiGo tail strike incident, derosters flight crew
In a statement, IndiGo said its A321 aircraft was grounded in Bangalore due to a tail strike on September 9
 "DGCA investigates IndiGo tail strike incident, derosters flight crew")
Revolt Motors launches RV1 at Rs 84,990, heats up e-bike competition
Both companies have undercut the previous lowest price in the category, which stood at Rs 1,10,000
 "Revolt Motors launches RV1 at Rs 84,990, heats up e-bike competition")
Infra lender REC signs renewable energy agreements worth $13.4 billion
REC is targetting to take its renewables loan book to over Rs 3 trillion by 2030, expanding the share of renewables to 30 per cent from 8 per cent currently
 "Infra lender REC signs renewable energy agreements worth $13.4 billion")
Govt gives nod to NPCIL-NTPC JV for building nuclear plants in Rajasthan
With this approval, ASHVINI has been authorized to build, own and operate nuclear power plants in India in accordance with the existing legal framework, the statement from NPCIL said
 "Govt gives nod to NPCIL-NTPC JV for building nuclear plants in Rajasthan")
Tata Power to invest up to $9 bn to expand renewable energy capacity
Tata Power, which currently has 5 GW renewable energy capacity in large projects, will add another 5 GW capacity in the next one to two years and expand that to more than 20 GW by 2030
 "Tata Power to invest up to $9 bn to expand renewable energy capacity")
Air India to completely upgrade 27 old A320neo aeroplanes by mid-2025
"Legacy" planes have been part of Air India's fleet before the Tata Group, after privatisation, took control of the airline in January 2022
 "Air India to completely upgrade 27 old A320neo aeroplanes by mid-2025")
Torrent Power bags Maharashtra's 1,500 MW pumped hydro storage project
Detailed letter of award will be issued by MSEDCL upon obtaining necessary approval from Maharashtra Electricity Regulatory Commission (MERC) in terms of tender document on the quoted tariff, it said
 "Torrent Power bags Maharashtra's 1,500 MW pumped hydro storage project")
IndiQube introduces 'IndiQube Canvas', office interiors experience centre
The centre is a state-of-the-art facility on Outer Ring Road (ORR) that is set to redefine how businesses envision and design their office spaces
 "IndiQube introduces 'IndiQube Canvas', office interiors experience centre")
IRB InVIT to raise Rs 2,667 crore via term loans to refinance existing debt
Post refinancing, roads SPVs to be free of external debt
 "IRB InVIT to raise Rs 2,667 crore via term loans to refinance existing debt")
Network18 Media & Investments gets 3 months extension for convening AGM
Reliance is in process of merging its media assets, including Network18 with global media giant The Walt Disney Co India business, which will create country's largest media empire worth Rs 70,000 cr
 "Network18 Media & Investments gets 3 months extension for convening AGM")
Boeing, union negotiators to resume talks as striking workers dig in
The top negotiators at Boeing and the International Association of Machinists and Aerospace Workers (IAM) will meet with federal mediators in Seattle on Tuesday for preliminary talks, as per reports
 "Boeing, union negotiators to resume talks as striking workers dig in")
Meesho's annual festival sale from Sep 27, sees 42% rise in seller base
Meesho claimed to have 1.4 mn sellers onboard for Meesho Mega Blockbuster 2023
 "Meesho's annual festival sale from Sep 27, sees 42% rise in seller base")
Lenovo begins AI server production in India, opens R&D lab in Bengaluru
The plant will manufacture five key offerings, including three rack-mounted enterprise AI servers and two flagship 8-way GPU servers
 "Lenovo begins AI server production in India, opens R&D lab in Bengaluru")
'Amazon Biz customer base up at annual 111% rate in 6 yrs, 65% via phones'
The customer base of the platform (Amazon Business) across India has increased at a CAGR of 111 per cent in the last six years, Director of Amazon Business Mitranjan Bhaduri said
 "'Amazon Biz customer base up at annual 111% rate in 6 yrs, 65% via phones'")
Jupiter Wagons to invest Rs 2,500 crore for production capacity expansion
JWL also informed that it has changed the name of its unit Bonatrans India Private to Jupiter Tatravagonka Railwheel Factory
 "Jupiter Wagons to invest Rs 2,500 crore for production capacity expansion")