Page 785 - Company News
Google invests $350 mn in Flipkart as part of $1 billion funding round
Fundraise to help e-com major, which is eyeing $60 bn valuation at the time of IPO
 "Google invests $350 mn in Flipkart as part of $1 billion funding round")
Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest
 "Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade")
Lava International restructures board, excludes former chairman Hari Om Rai
The new board comprises Raina, Sanjeev Agarwal, Shailendra Nath Rai, Sunil Bhalla, Vishal Sehgal besides the two new independent directors
 "Lava International restructures board, excludes former chairman Hari Om Rai")
Emcure Pharma, HDT settle legal fight over Covid vaccine technology
The companies said they have signed a long-term agreement to continue collaborating on the development of mRNA-based vaccines and a license that allows Emcure to use HDT's mRNA technology
 "Emcure Pharma, HDT settle legal fight over Covid vaccine technology")
NCLAT defers hearing on Google's Play Store billing policy to July 5
A two-member National Company Law Appellate Tribunal (NCLAT) bench, after a brief hearing over the petitions, directed listing the matter after summer vacations on July 5
 "NCLAT defers hearing on Google's Play Store billing policy to July 5")
Tata Power planning to raise $1 bn loan for clean energy projects
India aims to nearly triple its green power capacity by the end of the decade and firms including Tata Power, Adani Green Energy Ltd. and Reliance Industries Ltd. are ramping up such efforts
 "Tata Power planning to raise $1 bn loan for clean energy projects")
Decided to move on but will continue till new successor, says SPNI CEO
In a statement, Singh who has had a 25-year tenure at Sony Pictures Networks India (SPNI), said after nearly 44 years in his career, he is ready to move to advisory roles
 "Decided to move on but will continue till new successor, says SPNI CEO")
Software woes hit Air India Express as flight cancellations resume
According to FlightAware, the airline cancelled a total of 69 flights between Sunday and Wednesday. Additionally, sources reported that approximately 12 flights were cancelled on Thursday
 "Software woes hit Air India Express as flight cancellations resume")
GQG Partners, Qatar Investment and IHC make hefty gains on Adani bets
The Adani group shares, which had crashed after a report by the short seller Hindenburg Research in Jan 2023, recovered after the promoters sold their shares in various group cos to GQC Partners
 "GQG Partners, Qatar Investment and IHC make hefty gains on Adani bets")
Adani Solar to expand business base in Kerala, sees huge potential in state
Adani Solar said it will be installing a 225 MW solar power plant in Purapura in one year and has set up a warehouse in Coimbatore for faster delivery of the panels in Kerala and Tamil Nadu
 "Adani Solar to expand business base in Kerala, sees huge potential in state")
Prathyusha Agarwal to head Flipkart's social commerce platform Shopsy
Shopsy is Flipkart's hyper-value e-commerce platform that competes with Meesho and Amazon Bazaar
 "Prathyusha Agarwal to head Flipkart's social commerce platform Shopsy")
Hindustan Copper Q4 results: Net profit increases 6% to Rs 124 crore
The company had posted a consolidated net profit of Rs 132.31 crore in the year-ago period
 "Hindustan Copper Q4 results: Net profit increases 6% to Rs 124 crore")
NCLAT upholds NCLT order on Jaypee Infra, asks Suraksha to pay Rs 1,300 cr
The corporate Insolvency Resolution Process (CIRP) against Jaypee Infratech Ltd (JIL) was started in August 2017 over an application by the IDBI Bank-led consortium
 "NCLAT upholds NCLT order on Jaypee Infra, asks Suraksha to pay Rs 1,300 cr")
Ashok Leyland to unveil 5-6 new products under LCV segment: MD Agarwal
The city-based medium and heavy commercial vehicle maker has earmarked Rs 500 to Rs 700 crore as Capital Expenditure for this financial year, said CEO Shenu Agarwal
 "Ashok Leyland to unveil 5-6 new products under LCV segment: MD Agarwal")
Aditya Birla Group's market capitalisation crosses $100 billion milestone
Grasim has seen its market cap double to over $19 billion in the last 3 years on the back of incubating and scaling new high-growth engines, the statement said
 "Aditya Birla Group's market capitalisation crosses $100 billion milestone")
Coromandel International launches 10 new products to boost crop yields
It has also developed a formulation to effectively combat fall armyworm, a highly destructive pest that damages up to 30 per cent of the corn crop annually in India
 "Coromandel International launches 10 new products to boost crop yields")
Adani Ports to be included in Sensex from June 24, Wipro to be excluded
Analysts said Adani Ports could be assigned a weightage of 1.2 per cent in the Sensex
 "Adani Ports to be included in Sensex from June 24, Wipro to be excluded")
Hero Realty Pvt Ltd appoints Madhur Gupta as its chief executive officer
Before joining Hero Realty, Gupta was CEO of Hero Steels Ltd, a part of Hero Enterprise, according to a statement
 "Hero Realty Pvt Ltd appoints Madhur Gupta as its chief executive officer")
Hindalco bidding for two nickel, cobalt mines in Maharashtra, K'taka: MD
Hindalco Industries Managing Director Satish Pai said the company is not scouting for any critical mineral blocks overseas as there are a lot of blocks that have been put up for sale in India
 "Hindalco bidding for two nickel, cobalt mines in Maharashtra, K'taka: MD")
Google to acquire minority stake in Flipkart in fresh funding round
The e-commerce firm, however, neither disclosed the amount proposed to be invested by Google nor the details of the fund being raised by the firm
 "Google to acquire minority stake in Flipkart in fresh funding round")