Page 830 - Company News
Goldman Sachs taps BofA bankers for India dealmaking roles: Reports
India is the world's second busiest IPO market this year after the United States, with bankers expecting more activity amid a paucity of deals elsewhere in Asia, Reuters reported last month
 "Goldman Sachs taps BofA bankers for India dealmaking roles: Reports")
India's first multi-purpose green hydrogen pilot project inaugurated
SJVN Chairman and Managing Director Geeta Kapur inaugurated a 20Nm3/hr electrolyzer and 25kW fuel cell capacity-based green hydrogen pilot project, a statement issued here said
 "India's first multi-purpose green hydrogen pilot project inaugurated")
REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir
The project envisages construction of a 135-metre high dam and an underground power house with 4 units of 156 MW each
 "REC to extend Rs 1,869 cr loan for Kiru hydro project in Jammu & Kashmir")
AT&T beats Q1 estimates for wireless subscriber additions, free cash flow
AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by FactSet
 "AT&T beats Q1 estimates for wireless subscriber additions, free cash flow")
Vodafone Idea slumps 9% ahead of telecom company listing new shares
Firm's FPO saw nearly seven times more demand than shares on offer
 "Vodafone Idea slumps 9% ahead of telecom company listing new shares")
Macrotech Developers Q4: PAT down 11% to Rs 665 cr, FY24 profit up 300%
Its net profit stood at Rs 744.4 crore in the fourth quarter of 2022-23 and Rs 486.7 crore in the entire 2022-23 fiscal
 "Macrotech Developers Q4: PAT down 11% to Rs 665 cr, FY24 profit up 300%")
Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years
HDFC Bank, Bank of Baroda and Paytm Payments Bank have faced action for alleged regulatory violations
 "Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years")
Tata Passenger Electric Mobility bags order to supply 2,000 XPRES-T units
The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units
 "Tata Passenger Electric Mobility bags order to supply 2,000 XPRES-T units")
LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%
The company's order inflow for the full year was at $5.6 billion, registering a 15.7 per cent growth over FY23
 "LTIMindtree Q4 results: Profit dips 1.2% to Rs 1,100 cr, revenue up 2.3%")
Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery
In the first phase, the partnership will support farmers in Telangana, Andhra Pradesh, Karnataka, Tamil Nadu and Kerala, it said in a statement
 "Bayer partners govt's CSC, Gram Unnati for last-mile agri inputs delivery")
SKA Group to invest Rs 600 cr to build premium housing project in Gr Noida
The company had bought this land from Greater Noida development authority and the entire land price has been paid. The total saleable area is nearly 14 lakh square feet
 "SKA Group to invest Rs 600 cr to build premium housing project in Gr Noida")
Tamilnadu Petroproducts partners with EY-Parthenon for carbon neutral goals
Tamilnadu Petroproducts Ltd produces industrial intermediate chemicals including Alkhyl benzene, Caustic Soda and Propylene Oxide
 "Tamilnadu Petroproducts partners with EY-Parthenon for carbon neutral goals")
Reliance Jio becomes world's largest mobile operator in data traffic
Reliance telecom company has the second-largest 5G subscriber base globally, with 108 million users
 "Reliance Jio becomes world's largest mobile operator in data traffic")
PayU gets RBI's in-principle nod to operate as payment aggregator
In January 2023, RBI had returned applications of Prosus Group firm PayU and asked it to resubmit them within 120 days
 "PayU gets RBI's in-principle nod to operate as payment aggregator")
Zydus Lifesciences unit gets 10 observations from USFDA after inspection
Shares of the company were trading 2.79 per cent down at Rs 932.80 apiece on the BSE
 "Zydus Lifesciences unit gets 10 observations from USFDA after inspection")
RIL to boost homegrown Wyzr brand in Indian consumer electronics market
Mukesh Ambani's company aims to open its own manufacturing plants, expanding Wyzr's product range to include TVs, washing machines, refrigerators
 "RIL to boost homegrown Wyzr brand in Indian consumer electronics market")
Bharti Airtel denies reports of interest in Vodafone's Indus Towers stake
Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks
 "Bharti Airtel denies reports of interest in Vodafone's Indus Towers stake")
Airtel says not in talks to buy Vodafone UK's stake in Indus Towers
"The company has no desire to raise its stake beyond what is required for financial consolidation of Indus in the company,' Airtel said in an exchange filing
Patanjali, misleading ads, and art of puffery: When brands take it too far
The Supreme Court has come down heavily on Patanjali Ayurved. Advertising, however, is full of examples where brands have taken it too far
 "Patanjali, misleading ads, and art of puffery: When brands take it too far")
Global investors sell Unilever India stock as sales growth falters
The decline in Hindustan Unilever shares this year has helped improve its multiples. The stock is currently trading at 46 times its forward earnings, below its five-year average of about 54 times
 "Global investors sell Unilever India stock as sales growth falters")