Page 843 - Company News
Adanis invest another Rs 8,339 cr in Ambuja Cements, promoter stake up 70%
Completes fund infusion of Rs 20,000 crore, promoter stake now at 70.3 per cent
 "Adanis invest another Rs 8,339 cr in Ambuja Cements, promoter stake up 70%")
ZEEL announces streamlined structure, Goenka to oversee critical verticals
Under the new organisational structure approved by its board, ZEE Entertainment Enterprises Ltd (ZEEL) will have four key business segments -- broadcast, digital, movies and music
 "ZEEL announces streamlined structure, Goenka to oversee critical verticals")
Biocon partners Biomm SA to commercialise it's diabetes drug in Brazil
Biomm focuses on developing, manufacturing and commercialising complex biotech and biosimilar drug products at its production facility in Nova Lima
 "Biocon partners Biomm SA to commercialise it's diabetes drug in Brazil")
NPCI allows Paytm to start migration of users to PSP bank handles
UPI users with the @Paytm UPI handle can now create new virtual payment addresses or VPAs with partner PSP banks
 "NPCI allows Paytm to start migration of users to PSP bank handles")
Tesla's Musk likely to unveil $2-3 billion India investment during visit
Musk's visit comes as Tesla battles slowing sales in the major markets of the United States and China, and has this week announced layoffs affecting 10% of its workforce
 "Tesla's Musk likely to unveil $2-3 billion India investment during visit")
TCS, Accenture, Cognizant lead LinkedIn's top large companies list
Revenue analysis, nonprofit management, and mobile application development are some of the other skills that are witnessing a surge in demand, it added
 "TCS, Accenture, Cognizant lead LinkedIn's top large companies list")
ICICI Lombard Q4 result: Net profit rises by 18.9% to Rs 520 crore
In 2023-24, the company reported an 11 per cent growth in the profit after tax at Rs 1,919 crore against Rs 1,729 crore in the year-ago period
 "ICICI Lombard Q4 result: Net profit rises by 18.9% to Rs 520 crore")
Angel One Q4 result: Profit rises 27% aided by jump in trading activity
The company's profit rose to 3.4 billion rupees ($40.7 million) in the quarter, boosted by an increase in trading activity, especially among retail investors
 "Angel One Q4 result: Profit rises 27% aided by jump in trading activity")
Voda Idea CEO hopes to arrest telco's subscriber loss with FPO, fundraise
The last two rounds of price hikes did not alter customer behaviour nor lead to loss of customers, and hence, the quantum of increase in the past seems to have gone down well in the market
 "Voda Idea CEO hopes to arrest telco's subscriber loss with FPO, fundraise")
European Union questions TikTok on new app that pays users for watching
The European Commission said it sent TikTok a request for information on the TikTok Lite app that has been quietly released in France and Spain
 "European Union questions TikTok on new app that pays users for watching")
Tesla asks investors to approve Musk's $56 bn compensation package again
In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13
Adani infuses Rs 8,339 crore in Ambuja Cements, raises stake to 70.3%
The fund infusion will help Ambuja accelerate its growth ambitions to almost double its existing capacity to 140 million tonnes per annum by 2028 from 76.1 million tonnes as of December 31
 "Adani infuses Rs 8,339 crore in Ambuja Cements, raises stake to 70.3%")
JK Tyre bolsters retail network with it's new brand shop in Tamil Nadu
The new outlet is the 22nd brand shop in Tamil Nadu and it is located on the State Highway 142 on the Perambalur-Thuraiyur Road
 "JK Tyre bolsters retail network with it's new brand shop in Tamil Nadu")
IIFL Finance board approves rights issue to raise Rs 1,271.83 crore
The issue price for the rights offer is Rs 300 per share, which is at a 29% discount to closing price of Rs 421.7 per share on Tuesday
 "IIFL Finance board approves rights issue to raise Rs 1,271.83 crore")
Power Grid Corp board approves plan to raise Rs 12,000 cr via bonds
Power Grid Corporation is the country's largest electric power transmission utility. It operates 86 per cent of Inter-Regional networks
 "Power Grid Corp board approves plan to raise Rs 12,000 cr via bonds")
New SDG guidelines likely to empower impact investors, says JPMorgan
The UN SDGs comprise 17 goals that span everything from the eradication of poverty to ensuring access to clean water. More than $4 trillion will be needed each year to meet the targets
 "New SDG guidelines likely to empower impact investors, says JPMorgan")
Funskool seeks to transform India into global hub for toy manufacturing
The expansion work at its premises in Ranipet, would effectively double the manufacturing capacities
 "Funskool seeks to transform India into global hub for toy manufacturing")
Mobileye set to ship at least 46 million new assisted driving chips
In an effort to differentiate themselves amid rising competition, automakers have been adding an array of more basic driver-assistance features
 "Mobileye set to ship at least 46 million new assisted driving chips")
Govt notifies specifications of Iffco's 'Nano Urea Plus' fertiliser
Nano Urea Plus is a new version of nano urea meant for meeting crop nitrogen requirements at critical growth phases
 "Govt notifies specifications of Iffco's 'Nano Urea Plus' fertiliser")
Daimler India to enter battery electric segment with new gen eCanter
The all-new next-generation eCanter had its world premiere in Japan and Europe in the second half of 2022
 "Daimler India to enter battery electric segment with new gen eCanter")