Page 857 - Company News
Tata Motors plans Jaguar Land Rover EV imports to India under new policy
Tesla is also expected to start importing its cars to India and make an investment in the country
 "Tata Motors plans Jaguar Land Rover EV imports to India under new policy")
In a first, IT services major Infosys sees a drop in net headcount
Total for FY24 stood at 317,240, down 7.6% from 343,234 in FY23
 "In a first, IT services major Infosys sees a drop in net headcount")
L'Oreal Q1 sales beats expectations, grows 9.4% on strong market demand
The French cosmetics giant, which owns the Maybelline and Lancome brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to the end of March
 "L'Oreal Q1 sales beats expectations, grows 9.4% on strong market demand")
Tata Motors to use new $1 bn TN plant to make Jaguar Land Rover cars
Tata Motors announced plans to invest in a new plant in Tamil Nadu in March but did not give details on which models would be manufactured there
 "Tata Motors to use new $1 bn TN plant to make Jaguar Land Rover cars")
Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi
The Elon Musk-led company's shares fell 2.7% to $151.26 after the brokerage downgraded the stock to 'Hold' and cut its price target to $123 from $189
 "Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi")
Microsoft's OpenAI partnership could face EU antitrust probe: Report
The people said the European Union antitrust regulator had decided not to investigate the partnership under EU merger rules, but that Microsoft could still face an antitrust investigation
 "Microsoft's OpenAI partnership could face EU antitrust probe: Report")
LEEL case: Sebi slaps Rs 14 cr fine on 7 individuals for accounts fraud
They have to pay the fine within 45 days, failing which a 12 per cent per annum interest will be applicable from the expiry of 45 days till the date of actual payment
 "LEEL case: Sebi slaps Rs 14 cr fine on 7 individuals for accounts fraud")
RBI imposes Rs 60.3 lakh penalty on 5 co-operative banks for flouting norms
In each case, the RBI said the penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction of agreement entered into by the bank
 "RBI imposes Rs 60.3 lakh penalty on 5 co-operative banks for flouting norms")
Bajaj Auto aims to make 10,000 Triumph units a month by September: CFO
Triumph accounted for 2.1% of Bajaj Auto's total two-wheeler sales in the fourth quarter. Its overall two-wheeler sales rose about 26% in the quarter year-on-year
 "Bajaj Auto aims to make 10,000 Triumph units a month by September: CFO")
Bajaj Auto board approves Rs 2,250 crore capital in NBFC subsidiary
Offers another Rs 2,250 crore liquidity support
 "Bajaj Auto board approves Rs 2,250 crore capital in NBFC subsidiary")
Air India saves costs by taking insurance cover for merged entity
The insurance cover has been provided by a consortium of Indian insurance companies including Tata AIG General Insurance
 "Air India saves costs by taking insurance cover for merged entity")
Fundraising through bond placement hit all-time high at Rs 9.98 trn in FY24
The private sector (excluding banks or financial institutions) witnessed a 44 per cent jump, mobilising Rs 4.96 trillion compared to Rs 3.44 trillion in 2022-23
 "Fundraising through bond placement hit all-time high at Rs 9.98 trn in FY24")
Google carries out fresh round of layoffs in an attempt to cut costs
The layoffs come during a period of sluggish hiring across the tech sector
 "Google carries out fresh round of layoffs in an attempt to cut costs")
NCLT grants one week to Byju's, Teleperformance to settle debt dispute
The decision came after Byju's counsel, Senior Advocate Pramod Nair, informed the NCLT that it was trying to resolve the issue with Teleperformance, the creditor
 "NCLT grants one week to Byju's, Teleperformance to settle debt dispute")
Walmart announces dedicated page for Indian sellers on its website
'Through dedicated onboarding support and expertise in navigating global supply chains, we are empowering sellers with the tools they need to thrive in the US marketplace and beyond,'
 "Walmart announces dedicated page for Indian sellers on its website")
Avaada Energy inks refinancing deal worth Rs 4,471 crore with NaBFID
Avaada Group has been engaged in renewable energy generation, solar PV manufacturing, development of green fuels such as green ammonia, green methanol and sustainable aviation fuel
 "Avaada Energy inks refinancing deal worth Rs 4,471 crore with NaBFID")
Care Ratings upgrades Axiscades long-term bank facilities at 'CARE A-'
'Care Ratings has upgraded its long-term bank facilities at CARE A- with a stable outlook and short-term facilities at CARE A2+ from CARE BBB+ - stable and CARE A2, respectively,'
 "Care Ratings upgrades Axiscades long-term bank facilities at 'CARE A-'")
Avaada Energy secures Rs 4,471 crore refinancing from lender Nabfid
The structure has been rated as 'AA (Stable)' by CareEdge Ratings, it said
 "Avaada Energy secures Rs 4,471 crore refinancing from lender Nabfid")
UK-based refractory maker Vesuvius Group to invest Rs 1,000 crore in India
The flux manufacturing plant in Visakhapatnam is the first of three new facilities expected to be operational in 2024
 "UK-based refractory maker Vesuvius Group to invest Rs 1,000 crore in India")
Klub and U GRO Capital sign partnership to disburse Rs 150 crore
The allocated fund of Rs 150 crore will facilitate lending activities across the country while offering debt financing of up to Rs 30 crore in a single tranche through Klub's platform
 "Klub and U GRO Capital sign partnership to disburse Rs 150 crore")