Page 771 - Company News
S&P puts six Tata Group cos on credit watch rating with positive outlook
The rating actions came ahead of a review of the relationship between the group's holding company, Tata Sons Pte Ltd (unrated), and its subsidiaries, it added
 "S&P puts six Tata Group cos on credit watch rating with positive outlook")
Star India-Viacom18 merger may take more time as CCI looks into details
The merger comes at a time when a FICCI-EY report revealed that the Indian media and entertainment sector grew by 8 per cent in calendar 2023, reaching Rs 2.3 trillion
 "Star India-Viacom18 merger may take more time as CCI looks into details")
Diversity, equity, and inclusion hiring rise over 25% in 2023: Report
The banking, financial services, and insurance (BFSI) sector employs the largest percentage of LGBTQIA+ talent at 18-20 per cent, followed by the IT sector at 15-18 per cent
 "Diversity, equity, and inclusion hiring rise over 25% in 2023: Report")
RBI puts Rs 1.45 cr fine on Central Bank of India for non-compliance order
The RBI had conducted a statutory inspection for Supervisory Evaluation (ISE 2022) of the Central Bank of India with reference to its financial position as of March 31, 2022
 "RBI puts Rs 1.45 cr fine on Central Bank of India for non-compliance order")
Axis Bank expanding branches to raise more deposits: Deputy MD Rajiv Anand
Axis Bank completed the acquisition of Citibank India's consumer banking business effective March 1, 2023
 "Axis Bank expanding branches to raise more deposits: Deputy MD Rajiv Anand")
Adani Enterprises promoters raise stake in company by 2.02% to 73.95%
Total promoter holding in the Adani Group flagship firm has now risen to 73.95% from 71.93% last September
 "Adani Enterprises promoters raise stake in company by 2.02% to 73.95%")
Hyundai India set to offload 17.5% stake. To raise up to $3 billion in IPO
Hyundai India IPO: The development is a significant moment for the industry in India, as an automaker IPO comes over two decades after Japanese automaker Maruti Suzuki's listing in 2003
 "Hyundai India set to offload 17.5% stake. To raise up to $3 billion in IPO")
SBI sanctioned 20,000 digital small biz loans up to Rs 50 lakh since Dec
SBI is now broadening the loan amounts to Rs 5 crore, said Deputy Managing Director Surendra Rana
 "SBI sanctioned 20,000 digital small biz loans up to Rs 50 lakh since Dec")
Minda Corp partners with Taiwan firm to locally produce sunroof for PVs
The company is confident that this partnership will effectively channelise the complementary strengths of both organisations
 "Minda Corp partners with Taiwan firm to locally produce sunroof for PVs")
USFDA closes inspection of Lupin's facility with zero 483 observations
The inspection of the Nagpur facility was carried out by the US drug regulator from June 10 to June 13, 2024
 "USFDA closes inspection of Lupin's facility with zero 483 observations")
SpiceJet's domestic passenger market share drops below Akasa Air in May
SpiceJet carried 554,000 passengers in May, a drop of about 10 per cent month-on-month (MoM). On the other hand, Akasa Air carried 664,000 passengers in May, a jump of about 14.5 per cent MoM
 "SpiceJet's domestic passenger market share drops below Akasa Air in May")
Agri firm Samunnati gets Rs 133 cr debt funding from Swiss firm Blue Earth
The funding from Blue Earth is the single largest debt tranche raised by Samunnati during the first quarter of the fiscal year
 "Agri firm Samunnati gets Rs 133 cr debt funding from Swiss firm Blue Earth")
Vedanta arm WCL to invest $2 bn for Liberia's socio-economic development
WCL's ongoing initiatives include infrastructure development, community engagement, and generating employment opportunities for local communities
 "Vedanta arm WCL to invest $2 bn for Liberia's socio-economic development")
Sebi bats for tax benefits in 'zero coupon zero principal bond' investments
Talking to reporters here on Friday, Sebi's Whole Time Member Kamlesh Chandra Varshney said the regulator has already sent a proposal to the finance ministry and is hopeful of getting the approval
 "Sebi bats for tax benefits in 'zero coupon zero principal bond' investments")
SoftBank develops AI voice tech to protect workers from angry customers
SoftBank aims to tackle the growing stress levels among call-centre staff, who are facing an increasing number of angry outbursts from dissatisfied customers
 "SoftBank develops AI voice tech to protect workers from angry customers")
Zydus gets tentative nod from USFDA for blood pressure lowering drug
The drug will be manufactured at the group's formulation manufacturing facility in Ahmedabad SEZ- II, India
 "Zydus gets tentative nod from USFDA for blood pressure lowering drug")
Hyundai India recalls 1,744 units of Ioniq 5 over charging control issue
The company is recalling the units manufactured between July 21, 2022 and April 30, 2024 to fix the part
Tata Group in talks to acquire a majority stake in Vivo's India unit
On June 12, a report emerged that the Centre may okay a joint venture between Indian and Chinese companies if the Indian partner holds a majority stake of at least 51 per cent in the firm
Baby food sugar row: Public Eye, IBFAN call for legal action against Nestle
A report by Public Eye and IBFAN showed that Nestle's baby foods in South Asian, African, and Latin American countries had notably elevated sugar content compared to their European counterparts.
 "Baby food sugar row: Public Eye, IBFAN call for legal action against Nestle")
After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia
ByteDance, the owner of TikTok, did not say how many employees would be affected. Bloomberg had earlier reported there would be 450 jobs cut.
 "After deal with Tokopedia, ByteDance confirms its layoff plan in Indonesia")