Page 849 - Company News
Ford motors recalls over 456,000 cars due to loss of drive power risk
The National Highway Traffic Safety Administration said last week that it was investigating the remedy Ford had proposed after the recall of nearly 43,000 select Bronco Sport and Escape SUVs
 "Ford motors recalls over 456,000 cars due to loss of drive power risk")
Ahead of FPO, Vi raises Rs 5,400 cr, anchor book subscribed over 2x
GQG invests Rs 1,347 cr, likely to invest in main book as well
 "Ahead of FPO, Vi raises Rs 5,400 cr, anchor book subscribed over 2x")
Essar Energy Transition appoints Rob Wallace as CEO of EET Hydrogen Power
Essar Energy Transition (EET) is the unit of Essar Group that is driving USD 3.6 billion worth of low-carbon projects in the UK and India over the next five years
 "Essar Energy Transition appoints Rob Wallace as CEO of EET Hydrogen Power")
Complaint against Flipkart, BigBasket for making employee work on polls day
A complaint has been filed against e-commerce major Flipkart and Tata Group firm BigBasket for allegedly making delivery boys work on the day of voting on April 19 in Tamil Nadu
 "Complaint against Flipkart, BigBasket for making employee work on polls day")
Apple, Cleanmax form renewable energy JV to deploy solar solutions in India
The installations done by the JV are expected to mitigate around 207,000 tons of carbon emissions throughout their operational life
 "Apple, Cleanmax form renewable energy JV to deploy solar solutions in India")
Just Dial Q4 results: Consolidated net profit jumps 38.44% to Rs 115.74 cr
Its consolidated total income during the quarter under review stood at Rs 361.56 crore compared to Rs 306.69 crore in the year-ago period, it added
 "Just Dial Q4 results: Consolidated net profit jumps 38.44% to Rs 115.74 cr")
Daimler's first electric truck 'eCanter' set for India debut in 6-12 months
The German firm aims for its new trucks and buses to be carbon-neutral in Europe, Japan, and the USA by 2039, and globally by 2050
 "Daimler's first electric truck 'eCanter' set for India debut in 6-12 months")
FY25 will be a transformative year for Vedanta on many fronts: Anil Agarwal
"These include further deleveraging (parent) Vedanta Resources by $3 billion in the next 3 years and achieving an annual group EBITDA of $7.5 billion within 2 years," he said
 "FY25 will be a transformative year for Vedanta on many fronts: Anil Agarwal")
Health drink to food drink? Ecommerce sellers in a reorganising mode
Major players are working with sellers on their platforms to change the listing of products
 "Health drink to food drink? Ecommerce sellers in a reorganising mode")
Jindal Stainless cuts 2.4 trn tonnes of CO2 emissions in last two fiscals
Jindal Stainless Ltd (JSL) is taking various measures to reduce the carbon component in its emissions to nil by 2050
 "Jindal Stainless cuts 2.4 trn tonnes of CO2 emissions in last two fiscals")
DS Group to spend Rs 125 crore in FY25 to expand Catch Spices brand
DS Group spent Rs 100 crore on advertising and marketing in FY24
 "DS Group to spend Rs 125 crore in FY25 to expand Catch Spices brand")
Tata Comm Q4: Profit declines marginally to Rs 322 crore, revenue up 24%
The consolidated revenue of Tata Communications during the reported quarter increased by 24.5 per cent to Rs 5,691.7 crore from Rs 4,568.66 crore in the same quarter a year ago
 "Tata Comm Q4: Profit declines marginally to Rs 322 crore, revenue up 24%")
If there is a market to invest in the world, it is India: Lightspeed exec
A number of limited partners (LPs) are reassessing their exposure to China and increasing weight to India, says Taneja
 "If there is a market to invest in the world, it is India: Lightspeed exec")
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")