Page 837 - Company News
UltraTech Cement buys grinding unit from India Cements, announces expansion
The company said it has entered into an Asset Purchase Agreement with the seller. "This purchase will help the Company to strengthen its presence in the rapidly growing Maharashtra markets"
 "UltraTech Cement buys grinding unit from India Cements, announces expansion")
The localisation story of Elon Musk's Tesla: India versus China deal
The Tesla factory in China, on the other hand, sources 95% of its components locally after 5 years
 "The localisation story of Elon Musk's Tesla: India versus China deal")
Retailers body to seek govt intervention on business practices of POCO
These actions by POCO not only harm the legitimate sales channels but also result in financial losses to the government exchequer, ORA charged
 "Retailers body to seek govt intervention on business practices of POCO")
Lok Sabha elections: Corporate India steps up to make every vote count
From offering free rides and paid leaves to launching ad campaigns, companies are going all out to encourage voting
 "Lok Sabha elections: Corporate India steps up to make every vote count")
HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation
The one-time ex-gratia payment is a way to motivate the young workforce, said HDFC Bank CEO
 "HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation")
Apple may employ over 500,000 people in India over the next 3 years
At present Apple's vendors and suppliers employ 150,000 people in India
 "Apple may employ over 500,000 people in India over the next 3 years")
THDC aims to make Rs 12K cr coal-based thermal project operational by Sept
At present, the Uttarakhand-based entity has an installed power generation capacity of around 1,587 MW, of which 1,424 MW is hydro, 113 MW wind and 50 MW solar
 "THDC aims to make Rs 12K cr coal-based thermal project operational by Sept")
JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW
The company's current installed generation capacity is 7.2 GW and expects to have 9.8 GW of installed capacity by CY24
 "JSW Energy arm bags 700 MW solar project from NTPC; capacity up at 13.3 GW")
UltraTech to acquire India Cements' 1.1 mtpa grinding unit for Rs 315 cr
Strengthening its market in Maharashtra, UltraTech Cement will secure a grinding unit with a capacity of 1.1 million tonnes per annum, including a captive railway siding, from India Cements
Zomato faces Rs 11.81 crore GST demand and penalty order, plans to appeal
Facing a GST demand for export services to subsidiaries from July 2017 to March 2021, Zomato plans to challenge the Rs 11.81 crore penalty and demand in appellate court
 "Zomato faces Rs 11.81 crore GST demand and penalty order, plans to appeal")
Food delivery firm Zomato gets Rs 11.82 crore GST related tax demand notice
The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram
 "Food delivery firm Zomato gets Rs 11.82 crore GST related tax demand notice")
Netflix Q1CY24: Best results since 2020; 9.3 mn new subscribers acquired
Driven by new series, ad-supported tier, and enhanced subscriber policies, Netflix achieved $2.3 billion in net income and $9.3 billion in revenues during the January-March quarter of 2024
 "Netflix Q1CY24: Best results since 2020; 9.3 mn new subscribers acquired")
Delhi continues its run as the most forgetful city: Uber Lost & Found Index
Over the last year, objects including phones, bags, wallets, and clothing top the list of items left in Ubers across India
 "Delhi continues its run as the most forgetful city: Uber Lost & Found Index")
Air taxi fare for Delhi-Gurugram to be 1-1.5x of Uber: Archer Aviation
He mentioned that the aim is to keep the air taxi service "very affordable," and the lower labor costs (for pilots, maintenance) in India will assist in achieving this goal
 "Air taxi fare for Delhi-Gurugram to be 1-1.5x of Uber: Archer Aviation")
Arbitrator rejects Sterlite Technologies' Rs 145 crore claim against BSNL
The Arbitration was before Justice Badar Durrez Ahmed , former Chief Justice Jammu and Kashmir High Court
 "Arbitrator rejects Sterlite Technologies' Rs 145 crore claim against BSNL")
CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products
The National Commission for Protection of Child Rights (NCPCR) has also taken note of the report and issued a notice to the FSSAI
 "CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products")
Yes Bank founder Rana Kapoor gets bail, walks out of jail after 4 years
His bail application claimed that the allegations in the CBI's charge sheet did not reveal his role in the wrongdoing
 "Yes Bank founder Rana Kapoor gets bail, walks out of jail after 4 years")
NBCC planning to set up its own NBFC to help save over $100 million
The Indian government owns infrastructure financial institutions but no other state-run company has created a unit to help it finance projects
 "NBCC planning to set up its own NBFC to help save over $100 million")
HDFC AMC profit jumps 37% to Rs 1,943 crore in FY24, revenue up 19%
Revenue from operations surges 19% to Rs 2,167 cr
 "HDFC AMC profit jumps 37% to Rs 1,943 crore in FY24, revenue up 19%")
Vodafone Idea FPO: Issue subscribed nearly 49% a day before its close
The FPO proceeds and the recent Rs 2,075-crore preferential issuance made to the promoter Aditya Birla group is expected to give a few more years of runway to the beleaguered telecom operator
 "Vodafone Idea FPO: Issue subscribed nearly 49% a day before its close")