Page 907 - Company News
CIEL Group acquires strategic stake in Courseplay, plans IPO in FY25
HR solutions provider says acquisition will help it expand business abroad
 "CIEL Group acquires strategic stake in Courseplay, plans IPO in FY25")
L&T Tech, Intel partner to develop AI solutions for traffic management
The collaboration is "aimed at developing and providing scalable edge-AI solutions for a range of use cases, including Cellular Vehicle-to-Everything (CV2X) applications", the company said
 "L&T Tech, Intel partner to develop AI solutions for traffic management")
Higher rated companies have larger proportion of women on board: Moody's
It also showed that on an average, women account for 24 per cent of the board seats of speculative-grade companies (those rated Ba and below), which is unchanged from last year
 "Higher rated companies have larger proportion of women on board: Moody's")
NHPC to set up 1,200 MW solar project in UP at Rs 797 cr investment
Prime Minister Narendra Modi on Monday laid the foundation stone of the solar project through virtual mode
 "NHPC to set up 1,200 MW solar project in UP at Rs 797 cr investment")
Ex-LIC chief MR Kumar joins Bank of India as non-executive chairman
Kumar, a science graduate from the University of Madras, also serves on the board of Ambuja Cements. He joined Life Insurance Corporation in 1983 and was its chairman from 2019 to March 2023
 "Ex-LIC chief MR Kumar joins Bank of India as non-executive chairman")
Air India restarts flights from Delhi to Tel Aviv after five months
The advisory comes a day after a missile fired from Lebanon killed one Indian and injured two others
 "Air India restarts flights from Delhi to Tel Aviv after five months")
HPCL to start Rajasthan refinery by end-December using mostly Mideast oil
The state-run company expects the refinery to reach full capacity in about a year's time, Bharatan told Reuters in an interview
 "HPCL to start Rajasthan refinery by end-December using mostly Mideast oil")
Godrej Properties buys Rs 506 cr land in Noida for Rs 3k cr housing project
The company did not divulge the deal value, but sources said the company bought this land for Rs 506 crore
 "Godrej Properties buys Rs 506 cr land in Noida for Rs 3k cr housing project")
RBI bars JM Financial Products from financing against shares, debentures
"This action is necessitated due to certain serious deficiencies observed in respect of loans sanctioned by company for IPO financing as well as NCD subscriptions," RBI said
 "RBI bars JM Financial Products from financing against shares, debentures")
Air India, Vistara merger receives Singapore's conditional approval
Singapore's flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets
 "Air India, Vistara merger receives Singapore's conditional approval")
BYD plans to cover 90% of India's EV market in 2024, to target major towns
Homologation is the process of certifying vehicles for roadworthiness under rules specified by the government for all vehicles made or imported into the country
 "BYD plans to cover 90% of India's EV market in 2024, to target major towns")
Blackstone's giant real estate arm wants to double warehouses in India
Blackstone's real estate trust for wealthy individuals just resumed allowing customers to pull money without constraints after limiting withdrawals for about 15 months to avoid forced selling
 "Blackstone's giant real estate arm wants to double warehouses in India")
India sugar crop woes create opportunity for Dubai's Al Khaleej refinery
Al Ghurair said India had stopped exporting because of bad weather and this had created more demand, at least temporarily
 "India sugar crop woes create opportunity for Dubai's Al Khaleej refinery")
Adani Green operationlises additional 448 MW solar projects at Khavda
Together with earlier intimation dated February 14, 2024, an aggregate of 1,000 MW of solar power projects are operationalised at Khavda, Gujarat, a regulatory filing stated
 "Adani Green operationlises additional 448 MW solar projects at Khavda")
Expect India to be third largest market among 118 nations: Mercedes-Benz
The company also plans to tap smaller cities as it looks to establish sales outlets in 10 new locations ranging from Jammu to Kottayam to scale operations, Sardien stated
 "Expect India to be third largest market among 118 nations: Mercedes-Benz")
Strides Pharma receives USFDA approval for neurology medication Gabapentin
Gabapentin is widely used in managing neuropathic pain associated with diabetic neuropathy, postherpetic neuralgia, and central pain
 "Strides Pharma receives USFDA approval for neurology medication Gabapentin")
Fake cheese row: FSSAI verifies McDonald's India uses 100% real cheese
Westlife Foodworld recently came under fire after one of its outlets reportedly used substitutes in place of real cheese in burgers and nuggets at an outlet in Maharashtra
 "Fake cheese row: FSSAI verifies McDonald's India uses 100% real cheese")
Expect India to be 3rd largest market among 118 countries: Mercedes-Benz
India is the fifth largest market in the region after Japan, South Korea, Australia and Turkey
 "Expect India to be 3rd largest market among 118 countries: Mercedes-Benz")
Tata Sons may fetch valuation up to $96 billion in IPO, says Spark
Based on a peak valuation of $96 billion, even a 5% stake in the company would still be worth more than Life Insurance Corp of India's $2.7 billion IPO in 2022
 "Tata Sons may fetch valuation up to $96 billion in IPO, says Spark")
Boeing, AIESL to jointly boost aircraft maintenance training activities
AIESL CEO Sharad Agarwal said the tie up with Boeing will go a long way in supporting industry requirements
 "Boeing, AIESL to jointly boost aircraft maintenance training activities")