Page 983 - Company News
Corning signs $120 mn worth JV with Optiemus for manufacturing plant in TN
The new facility will make front cover glass for mobile phones and phone parts makers in India, the state government said, without specifying the particular brands to which the glass would be supplied
 "Corning signs $120 mn worth JV with Optiemus for manufacturing plant in TN")
Fintech firm Quinte, Tamil Nadu sign deal to set up development centres
US-based company will use state's 'talent pool' to establish artificial intelligence, machine learning banking operations
 "Fintech firm Quinte, Tamil Nadu sign deal to set up development centres")
L&T's Heavy Engineering unit bags 'significant' orders in India, overseas
The company did not disclose the value of orders. However, according to company, the value of significant order is between Rs 1,000 crore and Rs 2,500 crore
 "L&T's Heavy Engineering unit bags 'significant' orders in India, overseas")
Groww faces technical glitches, users complain of login issues on app
Users expressed frustration with the trading app on social media, asking for compensation from the platform for losses accrued
Swiggy shareholder Prosus may receive promoter tag in platform's IPO launch
Prosus holds around 33% of shares of the food delivery platform and has been looking to reduce it to under 26%
 "Swiggy shareholder Prosus may receive promoter tag in platform's IPO launch")
Sony puts large advertisers in tough spot as it terminates merger deal
What probably sank the deal was the insistence by Punit Goenka, Zee's chief executive officer, that he should lead the post-merger entity
 "Sony puts large advertisers in tough spot as it terminates merger deal")
Sony scraps $10 bn Zee merger deal; seeks $90 million in termination fees
Zee board to take legal steps to protect stakeholders' interest in arbitration
Odisha clears JSW's Rs 40,000 cr proposal to set up EV manufacturing units
The proposals were approved at the Cabinet meeting chaired by Chief Minister Naveen Patnaik
 "Odisha clears JSW's Rs 40,000 cr proposal to set up EV manufacturing units")
Analysts downgrade Zee Entertainment stock after Sony deal falls through
In a note, Elara has said the stock could slip to as low as Rs 130, while Nuvama Institutional Equities believes the stock could slip below Rs 200
Rs 2.1 trillion media landscape to hot up after Sony-Zee divorce
More consolidation on cards as players bulk up to fight Google, Meta and other tech-media giants
 "Rs 2.1 trillion media landscape to hot up after Sony-Zee divorce")
BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move
Krishna Kant and Ram Prasad Sahu track the investments made by foreign portfolio investors in BSE 200 companies - a move that is seen as pivotal to the future of a stock on bourses
 "BSE 200 scorecard: From IGL to Zee, reading the tea leaves from FPI move")
HDFC Bank-led FPI selloff: The fifth-highest weekly exit since 2008
The hardening of US Treasury yields also weighed on sentiment and raised concerns about whether the Federal Reserve would lower interest rates at the same pace as the Street has priced
 "HDFC Bank-led FPI selloff: The fifth-highest weekly exit since 2008")
Oyo opens 65 homestays, hotels in Ayodhya ahead of Ram temple consecration
The newly opened properties include 51 OYO homestays and 14 hotels in the city. These have been added to support the anticipated surge in visitors after the consecration ceremony of the Ram Temple
 "Oyo opens 65 homestays, hotels in Ayodhya ahead of Ram temple consecration")
ZEEL spent Rs 366 crore on compliances for its now-failed merger with Sony
Zee Entertainment Enterprises Ltd (ZEEL) spent Rs 366.59 crore on compliances till September 2023 for its now-failed merger with Sony, which called off the deal on Monday.
 "ZEEL spent Rs 366 crore on compliances for its now-failed merger with Sony")
Jindal Stainless elevates Whole Time Director Tarun Khulbe as CEO
A decision in this regard was taken at the company's board meeting last week, Jindal Stainless Ltd (JSL) said in a regulatory filing
 "Jindal Stainless elevates Whole Time Director Tarun Khulbe as CEO")
S&P upgrades Adani Ports, Adani Electricity rating on cash flow optimism
For Adani Electricity, the agency expects its ability to generate operating cash flow compared to its debt to improve to above 10% in fiscal 2024 and 2025
 "S&P upgrades Adani Ports, Adani Electricity rating on cash flow optimism")
Ready to invest in India to accelerate, push SAF production: Airbus
Qantas Airways, Airbus, and the Queensland government had in March 2023 announced a collaboration to invest in a biofuel production facility, which is being developed by Jet Zero Australia, LanzaJet
 "Ready to invest in India to accelerate, push SAF production: Airbus")
SJVN signs agreement to provide technical consultancy services to NHAI
This consultancy service will be initially provided for a period of 24 months by SJVN to NHAI
 "SJVN signs agreement to provide technical consultancy services to NHAI")
Central Bank of India plans offer for sale to reduce govt's stake
It has shown preference for the OFS route to avoid dilution of its equity capital base while increasing the public float of shares
 "Central Bank of India plans offer for sale to reduce govt's stake")
Murugappa Group's CSR subsidiary AMM Foundation completes 100 years
Established a century ago, the AMM Hospital, known locally as the 'oru ruba' (one rupee, which is the fee charged from patients) hospital, has been a beacon of quality healthcare for local community
 "Murugappa Group's CSR subsidiary AMM Foundation completes 100 years")