Page 824 - Company News
FinMin studying HC order on PSBs' look out circulars for wilful defaulters
The finance ministry is aware of the April 26 judgement and will make a detailed assessment of the order, sources said, adding that the next course of action will be decided after studying the order
 "FinMin studying HC order on PSBs' look out circulars for wilful defaulters")
Jio Financial set to hire StanChart India consumer banking head Kusal Roy
Jio Financial Services Ltd has been actively recruiting talent as part of its expansion effort
 "Jio Financial set to hire StanChart India consumer banking head Kusal Roy")
Infant food formulated globally, stereotype charges unfortunate: Nestle
Addressing reporters here, he said the amount of sugar content in infant foods is determined by the capability to meet the nutrition profile of a particular age group and that is universal
 "Infant food formulated globally, stereotype charges unfortunate: Nestle")
Tata Motors partners with South Indian Bank for commercial vehicle finance
As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across the auto major's entire commercial vehicle portfolio, Tata Motors said in a statement.
 "Tata Motors partners with South Indian Bank for commercial vehicle finance")
Govt to take decision on Hindustan Zinc OFS after testing mkt: Mines secy
The statement comes after the mines ministry rejected Hindustan Zinc Ltd's demerger plan
 "Govt to take decision on Hindustan Zinc OFS after testing mkt: Mines secy")
AU Small Finance Bank eligible for universal banking licence application
AU Small Finance Bank has recorded profits for the previous two fiscal years, and maintained gross and net non-performing assets below 3% and 1%, respectively, as mandated by the RBI
 "AU Small Finance Bank eligible for universal banking licence application")
Glenmark Pharma receives USFDA nod for generic anti-inflammatory drug
company has received approval from the US Food and Drug Administration (USFDA) for Acetaminophen and Ibuprofen tablets (250 mg/125 mg)
 "Glenmark Pharma receives USFDA nod for generic anti-inflammatory drug")
In 6 months, US rejected nearly one-third of MDH's spice-related shipments
Refusal rate over salmonella contamination doubles. When ingested, salmonella can lead to a severe stomach infection affecting the intestinal tract if food is not adequately cooked
 "In 6 months, US rejected nearly one-third of MDH's spice-related shipments")
Go First revival chance fades as HC allows lessors to reclaim 54 aircraft
The Delhi High Court instructed the Directorate General of Civil Aviation (DGCA) to proceed with deregistering and surrendering all 54 aircraft to the lessors
 "Go First revival chance fades as HC allows lessors to reclaim 54 aircraft")
Azim Premji's family office to invest more money in AI to prop $10 bn fund
PremjiInvest, the largest Indian family office that manages over $10 billion for software tycoon Azim Premji, will invest more money into AI companies while fine-tuning its AI investment tools
 "Azim Premji's family office to invest more money in AI to prop $10 bn fund")
RCap lenders urge Hinduja Group arm to stick to resolution plan deadline
As per the approved resolution plan, IIHL has to make an upfront payment of Rs 9,650 crore to the RCAP lenders
 "RCap lenders urge Hinduja Group arm to stick to resolution plan deadline")
Vi FPO rings in vigour for telecom sector, may reduce subscriber loss
But low capital expenditure and large debt weigh down Vi's revival prospects
 "Vi FPO rings in vigour for telecom sector, may reduce subscriber loss")
Apollo Hospitals lines up Rs 3,000 crore investment post Advent deal
Advent and Apollo HealthCo have entered into a deal through which Advent will invest Rs 2,475 crore into Apollo HealthCo
 "Apollo Hospitals lines up Rs 3,000 crore investment post Advent deal")
AdaniConneX secures $1.4 bn to power its digital eco-friendly plans
The equal joint venture between Adani Enterprises and EdgeConneX plans to build 1 GW data centred
 "AdaniConneX secures $1.4 bn to power its digital eco-friendly plans")
Rapid adoption: India's BPM industry on cusp of revolution amid GenAI use
BPM industry has been growing faster than the IT services sector, which has been impacted by macroeconomic uncertainties
 "Rapid adoption: India's BPM industry on cusp of revolution amid GenAI use")
'No cancer-causing agents in our products': MDH on quality claims
Ethylene Oxide is a chemical used to preserve spices for longer and is also used in pesticides. Its consumption beyond permissible limits can be carcinogenic
 "'No cancer-causing agents in our products': MDH on quality claims")
L&T Finance plans to increase short term, ECB fundraise in FY25
Company aims for strategic adjustments to benefit from the anticipated softening of interest rates
 "L&T Finance plans to increase short term, ECB fundraise in FY25")
Himadri Speciality to invest Rs 220 cr to expand carbon black capacity
The expansion is envisaged to meet the increasing demand from Europe amid an impending ban on Russian carbon black imports in the EU
 "Himadri Speciality to invest Rs 220 cr to expand carbon black capacity")
Sebi bars Growpital, other related entities from securities markets
However, the regulator modified its earlier order and unfroze the bank accounts of agricultural investment platform Growpital's directors Rituraj Sharma, Gayatri Rinwa and Krishna Sharma
 "Sebi bars Growpital, other related entities from securities markets")
ICAI passes orders against three EY affiliates for professional misconduct
Besides, the ICAI has issued an order against S V Ghatalia & Associates, LLP, and its partner for professional misconduct
 "ICAI passes orders against three EY affiliates for professional misconduct")