Page 899 - Company News
Apollo Hospitals Group launches emergency medical centre in Ayodhya
Talking about the advanced services of the centre, Apollo Hospitals Group Chairman Dr Pratap C. Reddy said that a wide range of better medical services will be available in the centre
 "Apollo Hospitals Group launches emergency medical centre in Ayodhya")
Byju's shuts down offices across India amid cash crunch; implements WFH
Amid legal battles and financial disruptions, the edtech has gradually rolled back its office leasing to prioritise financial stability and paying employees
 "Byju's shuts down offices across India amid cash crunch; implements WFH")
IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable
This tokenisable wearable, for both debit and credit cards, has been launched by Induslnd Bank in collaboration with Mastercardand can be purchased in the form of a ring, watch clasp, or stickers
Alternative credit platform BlackSoil raises Rs 100 cr via rights issue
BlackSoil provides customised alternative credit solutions to growth companies, financial institutions, NBFCs, MSMEs across diverse sectors
 "Alternative credit platform BlackSoil raises Rs 100 cr via rights issue")
IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019
It's the fourth time within two years that the co-founder has tapped investors through a block sale of IndiGo shares, according to data compiled by Bloomberg
 "IndiGo co-founder Gangwal raises $820 mn in largest block sale since 2019")
Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat
Adani Green Energy Ltd delivered 1,000 Mw in less than 12 months of starting work at Khavda. This involved installing about 2.4 million solar modules
 "Adani Green operationalises 1,000 Mw of solar projects at Khavda in Gujarat")
AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger
The I-Squared Capital-backed city gas distribution companies received approval for the merger from the European Commission in February and aims to enhance efficiency and up market competitiveness
 "AG&P Pratham, Think Gas Distribution to begin $1.1 billion merger")
Serum looks beyond Covid with new vaccines for malaria, dengue: CEO
Serum produces AstraZeneca's Covid-19 vaccine under the brand name Covishield in India, and also makes Novavax's protein-based Covid shots
 "Serum looks beyond Covid with new vaccines for malaria, dengue: CEO")
India will not tailor its policies to suit US EV maker Tesla: Piyush Goyal
EV maker as also other global players welcome in India, says Goyal
 "India will not tailor its policies to suit US EV maker Tesla: Piyush Goyal")
Beverage, air conditioner sales may jump up to 40% as mercury surges
Another factor which plays well for cold beverage majors is the onset of Ramadan and elections which typically causes consumption to pick-up
 "Beverage, air conditioner sales may jump up to 40% as mercury surges")
Saudi Arabia's Aramco hikes dividend 30% to $98 bn despite drop in profit
The profit, down from $161.1 billion in 2022, was still the company's second-highest on record, Aramco said on Sunday as it reported total dividends for the year of $97.8 billion, up 30%
 "Saudi Arabia's Aramco hikes dividend 30% to $98 bn despite drop in profit")
Adani's Rs 60,000 crore investment to expand 7 airports in 10 years
Capex separate from Rs 18K crore announced for Navi Mumbai Airport Phase-I
 "Adani's Rs 60,000 crore investment to expand 7 airports in 10 years")
NTPC, NGEL look to develop thermal plants, renewables project in Rajasthan
The MoU between NTPC and Rajasthan Rajya Vidyut Utpadan Nigam was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant, a company statement said
 "NTPC, NGEL look to develop thermal plants, renewables project in Rajasthan")
SJVN Green signs long-term pact to supply 600 MW solar power to Rajasthan
The project is being developed at a cost of Rs 5,491 Crores and is expected to be commissioned by September 30, 2024
 "SJVN Green signs long-term pact to supply 600 MW solar power to Rajasthan")
New business to steer gains for Tata Consumer Products in growth aisle
Punchy valuations threaten to limit stock gains
 "New business to steer gains for Tata Consumer Products in growth aisle")
Byju's processes part of pending salaries, aims to pay balance soon
Edtech company will pay the balance once the issue's funds are available
 "Byju's processes part of pending salaries, aims to pay balance soon")
Stone Sapphire India to invest Rs 1,000 cr in homewares plant in Baroda
Rana further said this expansion will help the company increase its turnover to Rs 1,000 crore by 2025-26 from Rs 250 crore at present
 "Stone Sapphire India to invest Rs 1,000 cr in homewares plant in Baroda")
HC sends show-cause notice to Go First official over maintenance issues
The court is seized of several petitions by Go First's lessors seeking the deregistration of their planes by aviation regulator DGCA so they could take them back from the airline
 "HC sends show-cause notice to Go First official over maintenance issues")
Signature Global to invest over Rs 1,200 cr/year to boost housing projects
Recently, the company launched a new luxury housing project in Gurugram with an investment of Rs 2,200 crore. It has already sold the entire project, comprising 1,008 units for Rs 3,600 crore
 "Signature Global to invest over Rs 1,200 cr/year to boost housing projects")
Sun Pharma recalls 55,000 bottles of generic drug to treat gout from US mkt
Sun Pharmaceutical Industries Inc is recalling 47,520 bottles (40mg) and 7,488 bottles (80 mg) respectively of the medication due to Current Good Manufacturing Practice regulations (CGMP) deviations,
 "Sun Pharma recalls 55,000 bottles of generic drug to treat gout from US mkt")