Page 811 - Company News
Airbus delivers 61 aircraft in April up 13%, reaffirms A350F timeline
So far this year, the world's largest planemaker has sold 227 planes - or 222 after allowing for the conversions within the IAG airline group's order book
 "Airbus delivers 61 aircraft in April up 13%, reaffirms A350F timeline")
Misleading ads case: SC says public figures must act with responsibility
The apex court directed that before an advertisement is permitted to be issued, a self-declaration be obtained from advertisers on the line of the Cable Television Network Rules, 1994
 "Misleading ads case: SC says public figures must act with responsibility")
ICICI Prudential Life pays Rs 1,867 crore towards death claims in FY24
ICICI Prudential Life Insurance Senior Executive Vice President, Customer Service, Amish Banker said in the last ten years the company has settled death claims totaling Rs 12,112 crore
 "ICICI Prudential Life pays Rs 1,867 crore towards death claims in FY24")
SC terms IMA prez's comments on top court in Patanjali case 'unacceptable'
'IMA president gave an interview on the eve of the hearing. Why on the eve of hearing?" the bench asked
 "SC terms IMA prez's comments on top court in Patanjali case 'unacceptable'")
Tata Motors tops Indian auto market with Punch Mini SUV, beats Maruti
In March 2024, Tata's Punch achieved a significant milestone by outselling Maruti's long-reigning WagonR, with 17,547 units compared to 16,368 sold by the latter
 "Tata Motors tops Indian auto market with Punch Mini SUV, beats Maruti")
Namdev Finvest's assets under management cross Rs 1,200 cr mark in FY24
The Jaipur-headquartered company posted a growth of 92.62 per cent in AUM (asset under management) during fiscal 2023-24, with its net worth reaching Rs 410 crore
 "Namdev Finvest's assets under management cross Rs 1,200 cr mark in FY24")
Japan's Sumitomo Mitsui Financial invests Rs 1,300 cr in SMFG India Credit
SMICC has separately invested Rs 150 cr in a subsidiary to expand its affordable housing finance solutions
 "Japan's Sumitomo Mitsui Financial invests Rs 1,300 cr in SMFG India Credit")
Paytm business chiefs Bipin Kaul, Ajay Singh resign amid restructuring
Paytm stated that the company is currently undergoing a restructuring process to strengthen its leadership team
 "Paytm business chiefs Bipin Kaul, Ajay Singh resign amid restructuring")
Japanese steelmaker JFE eyes overseas investments amid slower profit growth
In February, JFE announced an average increase in steel product sale prices of 10% from April to reflect rising raw material costs and global inflation
 "Japanese steelmaker JFE eyes overseas investments amid slower profit growth")
Parseable raises $2.5 mn in seed round to expand log analytics services
Bengaluru-based company specialises in processing huge amounts of data generated by information technology systems
 "Parseable raises $2.5 mn in seed round to expand log analytics services")
Toyota Motors to get an earnings lift from hybrids as EV hype cools
As global demand for battery-powered EVs has slowed, Toyota has cashed in by selling more hybrids, which come with relatively higher margins than regular gasoline cars
 "Toyota Motors to get an earnings lift from hybrids as EV hype cools")
Visa appoints Sujai Raina as India head; to oversee strategic initiatives
Raina will be responsible for the India business, leading and executing Visa's strategic initiatives for the market, partnering with clients and the payments ecosystem
 "Visa appoints Sujai Raina as India head; to oversee strategic initiatives")
Macrotech Developers to launch 17 housing projects worth Rs 12K crore
The total area to be launched is estimated at 10.1 million square feet with an estimated gross development value (GDV) of Rs 12,100 crore
 "Macrotech Developers to launch 17 housing projects worth Rs 12K crore")
Blackstone all set to buy Adani Realty's BKC office tower for Rs 2,000 cr
Adani Realty's commercial project in MRealty'sbusy business district, the Bandra-Realty'smplex, comprises an offMumbai'sr of around 800,000 square feet
 "Blackstone all set to buy Adani Realty's BKC office tower for Rs 2,000 cr")
Muthoot Finance planning to raise funds using dollar-denominated bonds
Muthoot Finance is aiming to issue benchmark-sized bonds, which means the issuance will be around $500 mn
 "Muthoot Finance planning to raise funds using dollar-denominated bonds")
Crisis-hit Jaiprakash Associates defaults on Rs 4,616 crore loans
In September 2018, ICICI Bank filed an insolvency petition against Jaipraskash Associates Ltd
 "Crisis-hit Jaiprakash Associates defaults on Rs 4,616 crore loans")
Make in India: Tata Electronics begin limited export of semiconductor chips
Tata Electronics is also in the advanced stages of successfully finalising the tape-out process for semiconductor chips ranging from 28 to 65 nanometers, along with some higher nodes
 "Make in India: Tata Electronics begin limited export of semiconductor chips")
Microsoft acquires a 48-acre plot in Hyderabad. Here's how much it paid
Tech giant Microsoft Corporation has acquired a 48-acre parcel of land in Hyderabad to develop one of the largest data centres in the area
 "Microsoft acquires a 48-acre plot in Hyderabad. Here's how much it paid")
FSIB meet on May 21-22 to select State Bank of India's next chief
In October 2023, SBI chief Dinesh Kumar Khara's tenure was extended until August 2024
 "FSIB meet on May 21-22 to select State Bank of India's next chief")
IndiGo places firm order for 30 Airbus A350-900 widebody aircraft
On April 25, IndiGo said it had agreed to place a firm order for 30 A350-900 aircraft, marking the budget carrier's entry into the wide-body segment
 "IndiGo places firm order for 30 Airbus A350-900 widebody aircraft")