Page 801 - Company News
High airfares remain a challenge: Thomas Cook India's Madhavan Menon
"We hope to see the demand-supply constraints ease a bit with new aircraft being introduced into the network, but this will be over the long term," Menon said
 "High airfares remain a challenge: Thomas Cook India's Madhavan Menon")
DLF rental arm DCCDL's office rental income rises 7% to Rs 3,460 cr in FY24
DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC. DLF holds nearly 67 per cent stake in the JV firm
 "DLF rental arm DCCDL's office rental income rises 7% to Rs 3,460 cr in FY24")
Checking out of 24Seven: Godfrey sees exit valuation of Rs 700-1,000 cr
Low margins and escalating real estate prices are primary drivers for exiting the 24Seven business
 "Checking out of 24Seven: Godfrey sees exit valuation of Rs 700-1,000 cr")
Drug makers Dr Reddy's, Sun Pharma, Aurobindo recall products in US market
Dr Reddy's Laboratories is recalling close to 20,000 cartons of a medication used to control blood phenylalanine levels in adults and children
 "Drug makers Dr Reddy's, Sun Pharma, Aurobindo recall products in US market")
Nayara Energy reports 48% jump in petrol sales in Q1, exports drop
In the January-March quarter, Nayara sold 70 per cent of all petroleum products it produced at its Vadinar oil refinery in Gujarat in the local Indian market, a company statement said
 "Nayara Energy reports 48% jump in petrol sales in Q1, exports drop")
Reliance seeks access to ATF pipelines, storages of PSU oil firms
"This will promote a competitive market for supply and distribution of ATF to the airport 'on-site' storage facilities," it said
 "Reliance seeks access to ATF pipelines, storages of PSU oil firms")
Tata Motors group hikes investment outlay to Rs 43,000 cr for new products
For Tata Motors, Balaji said, We will repeat the Rs 8,000-odd crore range. So, JLR is about 6 per cent increase and Tata Motors is flat. So, that's how the investment is (for FY25)
 "Tata Motors group hikes investment outlay to Rs 43,000 cr for new products")
Goswami Infratech sweetens offer to bondholders, in return for more time
Goswami Infratech is an investment company within the Shapoorji Pallonji group under billionaire Shapoor Mistry. Its projects include apartments, warehouses, parking spaces and shops
 "Goswami Infratech sweetens offer to bondholders, in return for more time")
India on mission to become leading producer of critical minerals: Agarwal
Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars
 "India on mission to become leading producer of critical minerals: Agarwal")
Debt, equity holders approve merger of IDFC Ltd with IDFC First Bank
Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender.
 "Debt, equity holders approve merger of IDFC Ltd with IDFC First Bank")
Nepal bans sale of 4 MDH, Everest spice-mix products over quality concerns
Last month, Singapore and Hong Kong halted sales of some spices produced by MDH and Everest over suspected elevated levels of ETO linked with some cancers
 "Nepal bans sale of 4 MDH, Everest spice-mix products over quality concerns")
Nestle India shareholders vote against hiking royalty payment to parent
In its report dated May 3, Institutional Investor Advisory Services advised shareholders to vote against the resolution to hike royalty payment to its parent
 "Nestle India shareholders vote against hiking royalty payment to parent")
Nestle India shareholders vote against increase in royalty to Swiss parent
About 70.8% of public shareholders voted against the increase, a filing showed
Zee plans to slam brakes on buying content, avoid high-budget movies
The company is aiming to avoid investing in high-cost films while focusing on frugality and quality content
 "Zee plans to slam brakes on buying content, avoid high-budget movies")
Kedaara Capital breaks mold for Indian PE firms with record capital raise
Kedaara Capital has raised a record $1.7 billion to put it on par with the deep-pocketed global players that have dominated the space for years
 "Kedaara Capital breaks mold for Indian PE firms with record capital raise")
The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA
The agency also downgraded the long-term rating to C from B on a Rs 15.61 crore loan
 "The 'default' path: PSBs classify Reliance Infrastructure's SPV as NPA")
Automakers Volkswagen, Renault end talks to develop affordable EV: Report
VW sources said a decision on the EV plan is expected within weeks. Thomas Schaefer, CEO of the Volkswagen brand, has said he wants to launch a lower-priced EV by 2027
 "Automakers Volkswagen, Renault end talks to develop affordable EV: Report")
Ola in talks with Mysuru-based Kaynes Semicon to make chips for its EVs
Kaynes would manufacture the chips based on Ola's design
 "Ola in talks with Mysuru-based Kaynes Semicon to make chips for its EVs")
Sebi fines Rs 8 lakh on Reliance Home Finance for disclosure lapses
The fine has to be paid within 45 days, the Securities and Exchanges Board of India (Sebi) said
 "Sebi fines Rs 8 lakh on Reliance Home Finance for disclosure lapses")
Paint companies Asian Paints and Berger Paints start slashing prices
Firms say they are not worried about competition hotting up yet
 "Paint companies Asian Paints and Berger Paints start slashing prices")