Page 632 - Company News
Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks
The Adani Group reiterated that its overseas holding structure is transparent, fully disclosed, and adheres to all applicable laws
 "Adani rejects Hindenburg claims of $310 million fund freeze in Swiss banks")
Adani Group denies Hindenburg comment on frozen funds in Swiss banks
Prosecutors detailed how an Adani frontman invested in opaque BVI/Mauritius & Bermuda funds that almost exclusively owned Adani stocks
 "Adani Group denies Hindenburg comment on frozen funds in Swiss banks")
Maruti to M&M, carmakers in the fast lane to roll out festival discounts
Data from Jato Dynamics shows that Toyota and Honda have more than doubled their discounts, with increases of 140 per cent and 120 per cent, respectively
 "Maruti to M&M, carmakers in the fast lane to roll out festival discounts")
DGCA orders special audit of flying training organisations to ensure safety
The audit of flying training organisations (FTOs) will be conducted in three phases from September to November 2024
 "DGCA orders special audit of flying training organisations to ensure safety")
Groundbreaking ceremony for Dharavi redevelopment performed at RPF grounds
Already, the state government-led door-to-door survey to determine eligible and ineligible residents is on with an idea to speed up the redevelopment and to ensure inclusive development
 "Groundbreaking ceremony for Dharavi redevelopment performed at RPF grounds")
PwC US to cut 1,800 jobs over restructuring, its first layoffs in 15 years
PwC's US unit will lay off around 1,800 workers, its first formal job cuts since 2009, as part of a restructuring process amid decreased demand for certain services, its US leader, Paul Griggs said
 "PwC US to cut 1,800 jobs over restructuring, its first layoffs in 15 years")
DIT pips Indus Towers to become India's largest mobile tower company
ATC India is Brookfield's third acquisition in the Indian telecommunications space
 "DIT pips Indus Towers to become India's largest mobile tower company")
NMDC looking to explore mining opportunities for critical minerals abroad
NMDC is also preparing to begin the production of its eight million tonnes of coking coal block by December next year
 "NMDC looking to explore mining opportunities for critical minerals abroad")
DNA Wellness to invest Rs 200 cr for 100 cervical cancer screening labs
The test, also known as CERViSure, is a quick, accurate, and non-invasive method to detect cervical cancer
 "DNA Wellness to invest Rs 200 cr for 100 cervical cancer screening labs")
Paytm to focus on core business; deliver profitability soon: CEO Sharma
Company has 'thoroughly examined' business processes, he says as impact of RBI strictures on payments bank continues
 "Paytm to focus on core business; deliver profitability soon: CEO Sharma")
Hindustan Aeronautics may be upgraded to Maharatna category by December
This would impact greater operational and financial autonomy to the HAL's board, allowing it to make project investments up to Rs 5000 crore without seeking government approval
 "Hindustan Aeronautics may be upgraded to Maharatna category by December")
Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy
At present, the regulations allow for a maximum of 26 per cent stake by an entity in a bank and in cases where it is higher, has set a fixed timeline for getting it down
 "Bidders' insistence on 51% stake in Yes Bank may jeopardise stake buy")
Higher limit in FPIs: NRI investments in Gift City off to a slow start
Industry participants note that while there is interest from NRIs and investors, some are reluctant to provide PAN and know-your-customer (KYC) details
 "Higher limit in FPIs: NRI investments in Gift City off to a slow start")
Puravankara to redevelop housing society in South Mumbai's Breach Candy
The company has expanded its footprint in Lokhandwala, Andheri West, where it previously acquired redevelopment rights for two societies on 3 acres of land in November 2023
 "Puravankara to redevelop housing society in South Mumbai's Breach Candy")
Indian Oil to provide scholarships, medical insurance to para athletes
This historic performance is a testament to the resilience and determination of our para athletes, V Satish Kumar, Chairman and Director (Marketing), IndianOil, said during a felicitation function
 "Indian Oil to provide scholarships, medical insurance to para athletes")
Coastal Energen insolvency: SC allows Dickey-Adani to operate plant for now
The NCLAT, in its September 6 order, had halted the Rs 3,335 crore resolution plan put forth by the consortium, which is the successful bidder for the bankrupt firm
 "Coastal Energen insolvency: SC allows Dickey-Adani to operate plant for now")
Boeing workers vote on whether to strike, shut down aircraft production
If the factory workers reject the contract offer that includes 25 per cent pay raises over four years and two-thirds of them vote to strike, a work stoppage would begin on Friday
 "Boeing workers vote on whether to strike, shut down aircraft production")
Peak XV Partners, 4 others sell stake worth Rs 1,601 cr in Honasa Consumer
After the share sale, Peak XV Partners' stakeholding in Honasa Consumer has come down to 14.88 per cent from 18.69 per cent
 "Peak XV Partners, 4 others sell stake worth Rs 1,601 cr in Honasa Consumer")
Airtel signs pact with Italian telco to expand capacity in submarine cable
The Blue-Raman submarine cable system will connect India to Europe
 "Airtel signs pact with Italian telco to expand capacity in submarine cable")
Amazon India creates over 100K seasonal jobs ahead of festive season
Amazon has hired thousands of women and nearly 1,900 individuals with disabilities into its existing network. The majority of these new hires have already been onboarded
 "Amazon India creates over 100K seasonal jobs ahead of festive season")