Page 774 - Company News
Torrent Group market capitalisation doubles to $20 billlion in one year
The group has already implemented a succession plan where the third generation of the founder late UN Mehta has assumed all prominent driving seats across businesses
 "Torrent Group market capitalisation doubles to $20 billlion in one year")
Wardwizard bags $1.29 bn electric vehicle order from Philippines company
This collaboration aligns with the Philippines government's PUVMP, which seeks to replace outdated gasoline and diesel vehicles with cleaner electric alternatives
 "Wardwizard bags $1.29 bn electric vehicle order from Philippines company")
Won't have ATC towers at airports in 20 years, says Adani Airports CEO
AAI has started trials with remote digital towers, he added
 "Won't have ATC towers at airports in 20 years, says Adani Airports CEO")
Dr Reddy's Laboratories eyes acquisitions to drive growth in India
The share of chronic has been steadily rising in the Rs 2 lakh crore domestic pharma market- from 36.4 percent in January 2022 to 38.1 percent in January 2024
 "Dr Reddy's Laboratories eyes acquisitions to drive growth in India")
Stable policy, revenue visibility, regulated margins triggers for NTPC
The receivables situation may become significant, given the prior history of the power sector
 "Stable policy, revenue visibility, regulated margins triggers for NTPC")
Tata-owned British icon JLR is out for hunt with models assembled in India
India will supplement Range Rover's global production at its iconic manufacturing base in Solihull, which will also produce Range Rover's upcoming fully electric model
 "Tata-owned British icon JLR is out for hunt with models assembled in India")
Toyota Kirloskar Motor looks to expand used car business across key cities
The automaker on Friday inaugurated its first company-owned Toyota Used Car Outlet (TUCO) in New Delhi under brand name Toyota U-Trust
 "Toyota Kirloskar Motor looks to expand used car business across key cities")
A sporty hatchback: Tata Motors launches Altroz Racer at Rs 9.49 lakh
This new variant includes a 360-degree camera, a large touchscreen infotainment system, ventilated front seats (a first in this segment), and six airbags as standard
 "A sporty hatchback: Tata Motors launches Altroz Racer at Rs 9.49 lakh")
South Korea's Mirae Asset mulls $150 mn capital infusion in Sharekhan
Foray into wealth management and portfolio management on the cards
 "South Korea's Mirae Asset mulls $150 mn capital infusion in Sharekhan")
Vellayan Subbiah of TII named EY World Entrepreneur of the year 2024
India has now become the only country among EY regions to win the global entrepreneurship award four times
 "Vellayan Subbiah of TII named EY World Entrepreneur of the year 2024")
'Unhygienic, dusty' Blinkit warehouse in Hyderabad under FSSAI scanner
Zomato-owned Blinkit's one of the warehouse premises located Hyderabad were found in violation of multiple norms during a raid on June 5, the Commissioner of Food Safety, Telangana said
 "'Unhygienic, dusty' Blinkit warehouse in Hyderabad under FSSAI scanner")
Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr
Over 94 acres of land will be sold under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002
 "Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr")
ONGC seeks technical help to raise oil, gas output at Mumbai High field
The firm has floated an international tender to identify the service provider who will help raise production from the field, ONGC said in a post on X
 "ONGC seeks technical help to raise oil, gas output at Mumbai High field")
AAR rules 18% GST on infant food containing milk, other ingredients
Rajasthan authority for advance rulings observed that the primary product manufactured by the company is infant milk formula which includes cereals and protein supplements
 "AAR rules 18% GST on infant food containing milk, other ingredients")
Adani Wilmar eyes high-end clients as it looks to increase premium play
To drive growth in the category, the company is now targeting the premium consumer
 "Adani Wilmar eyes high-end clients as it looks to increase premium play")
Samsung Electronics' union set to stage 1st walkout over pay in South Korea
The National Samsung Electronics Union (NSEU), which has about 28,000 members, or more than a fifth of the company's total workforce, has said it will stop work for a day as part of broader protest me
 "Samsung Electronics' union set to stage 1st walkout over pay in South Korea")
NCLT approves merger of full-service carriers Vistara with rival Air India
The merger, first announced in November 2022, will include Vistara, which is 49 per cent owned by Singapore Airlines being absorbed into Air India
 "NCLT approves merger of full-service carriers Vistara with rival Air India")
Back to basics: Fintech player Paytm's focus is payments and distribution
The firm seems to be returning to the drawing board, revisiting its business strategy, including its partnership with lenders
 "Back to basics: Fintech player Paytm's focus is payments and distribution")
Netflix tests biggest TV app revamp in 10 yrs to enhance viewing experience
The video streaming pioneer wants to increase the time that viewers spend on the app to help retain customers and draw subscribers to its new, lower cost plans with advertising
 "Netflix tests biggest TV app revamp in 10 yrs to enhance viewing experience")
NCLT nod to Air India-Vistara merger; to form world's largest airline group
Air India expects the merger to be completed by the end of this year
 "NCLT nod to Air India-Vistara merger; to form world's largest airline group")