Page 786 - Company News
Biocon signs licensing, supply deal for obesity drug in South Korea
Bengaluru-based company announces 'strategic partnership' with Handok
 "Biocon signs licensing, supply deal for obesity drug in South Korea")
Shriram Life posts FY24 PAT at Rs 158 cr, new business premium rises 62%
Total business premium for the year ending March 31, 2024 grew by 62 per cent to Rs 1,871 crore
 "Shriram Life posts FY24 PAT at Rs 158 cr, new business premium rises 62%")
Adani Enterprises recovers all stock mkt losses sparked by Hindenburg
The flagship's stock rose 1.7% to 3,445.05 in Mumbai on Friday and has now almost tripled since its nadir in February 2023
 "Adani Enterprises recovers all stock mkt losses sparked by Hindenburg")
Indian Overseas Bank aims to open 88 new branches in FY2024-25, says CEO
MD and CEO of the bank Ajay Kumar Srivastava after inaugurating the 3,240th branch of the bank at the Medical College in Nagapattinam highlighted the bank's aggressive plans
 "Indian Overseas Bank aims to open 88 new branches in FY2024-25, says CEO")
Paytm considering reduction of workforce by 20% amid rising employee costs
During FY23, the company maintained an average of 32,798 employees on its rolls, with 29,503 actively engaged
 "Paytm considering reduction of workforce by 20% amid rising employee costs")
RCap lenders can't take coercive action against IIHL, rules NCLT
IIHL seeks 90-day extension ahead of May 27 deadline
 "RCap lenders can't take coercive action against IIHL, rules NCLT")
NCLT directs Kirloskars to abide by settlement agreement signed in Sept '09
The Kirloskar family is embroiled in a legal battle over group assets, with Sanjay Kirloskar, chairman of Kirloskar Brothers (KBL), on one side and his brothers, Atul and Rahul, on the other
 "NCLT directs Kirloskars to abide by settlement agreement signed in Sept '09")
US-based firm Taro's shareholders approve merger with Sun Pharmaceutical
The merger agreement between Sun Pharma and Taro was approved by an affirmative vote of Taro shareholders at an extraordinary general meeting and an ordinary class meeting on May 22
 "US-based firm Taro's shareholders approve merger with Sun Pharmaceutical")
Adani Group mcap rises to Rs 17.5 trn, highest since Hindenburg incident
Shares of flagship Adani Enterprises rose 8 per cent, followed by Adani Ports, which closed the day with a 4.7 per cent gain
 "Adani Group mcap rises to Rs 17.5 trn, highest since Hindenburg incident")
Capital Group buys over 322,000 shares of IT firm Coforge for Rs 163 cr
US-based Capital Group through its affiliate New World Fund Inc acquired shares of Coforge through a bulk deal on the NSE
 "Capital Group buys over 322,000 shares of IT firm Coforge for Rs 163 cr")
Azad Engineering to build fully integrated advanced turbo engine for DRDO
AZAD will start delivering fully integrated advanced turbo engines by early 2026
 "Azad Engineering to build fully integrated advanced turbo engine for DRDO")
Tesla excludes delivery goal of 20 mn vehicles a year in impact report
Slowing growth in EV demand and tough competition have hit demand for Tesla's vehicles
 "Tesla excludes delivery goal of 20 mn vehicles a year in impact report")
Nvidia forecasts quarterly revenue above estimates, unveils stock split
First-quarter revenue surged 262% year-over-year to $26.04 billion, beating estimates of $24.65 billion. Net income soared 628% to $14.88 billion
 "Nvidia forecasts quarterly revenue above estimates, unveils stock split")
Segantii Capital to shut as insider trading charge draws redemptions
The executives said the hedge fund will wind down in a measured fashion, and deferred questions on compensation and jobs, the person added. The company said separately that it's suspending redemptions
 "Segantii Capital to shut as insider trading charge draws redemptions")
India is a 'bright spot', will lead the next decade: N Chandrasekaran
Tata Consumer Products on 'transformative journey' to serve Indians, he says in company's annual report
 "India is a 'bright spot', will lead the next decade: N Chandrasekaran")
With expansion on mind, JSW Energy builds money purse, human capital
In April, JSW Energy completed a fund raise of Rs 5,000 crore through the qualified institutional placement (QIP) route
 "With expansion on mind, JSW Energy builds money purse, human capital")
'Volkswagen in talks about passenger car production partnership in India'
The comments come after Volkswagen in February signed a supply agreement with India's Mahindra on the use of key electric components of the German carmaker's open platform for electric vehicles
 "'Volkswagen in talks about passenger car production partnership in India'")
Reliance, Disney seek antitrust nod with cricket rights assurance: Report
The deal is set to reshape India's $28 billion media and entertainment market, where the Reliance-Disney combo will compete with Netflix, Amazon Prime, Zee Entertainment and Sony
 "Reliance, Disney seek antitrust nod with cricket rights assurance: Report")
Air India announces salary hike, annual performance bonus for pilots
The new compensation structure, effective April 1, will see first officers and captains receive a monthly salary hike of Rs 5,000, while commanders' pay will be raised by Rs 11,000
 "Air India announces salary hike, annual performance bonus for pilots")
HCLTech to acquire certain assets of HPE's Communication Tech for $225 mn
This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in six to nine months
 "HCLTech to acquire certain assets of HPE's Communication Tech for $225 mn")