Page 998 - Company News

Foxconn arm in India set to lose country head Foulger as it eyes expansion

Bharat FIH has postponed plans to list on Indian stock exchanges, and has yet to make significant headway on its ambition to start manufacturing electric two-wheelers

McAfee unveils project Mockingbird at CES 2024 to detect Deepfake audio

The first public demos of Project Mockingbird, McAfee's Deepfake Audio Detection technology, will be available onsite at the Consumer Electronics Show 2024

Merger into Air India likely by mid 2025, says Vistara CEO Kannan

Kannan emphasised that the airline is cash flow positive and will not require any capital infusion from its stakeholders in the near future

Arbitral tribunal asks AAI to refund annual fees to Adani-owned MIAL

MIAL, a step-down subsidiary of Adani Enterprises Limited, operates Mumbai airport, India's second busiest

ACC gets full ownership of Asian Concretes for Rs 775 cr enterprise value

Asian Concretes (ACCPL) was earlier an associate company of ACC, in which it already held a 45 per cent stake. ACC had first invested in Asian Concretes in 2010 for an undisclosed value

Adani Group commits Rs 42,700 cr investment in Tamil Nadu across sectors

The Adani Group's presence in Tamil Nadu is across sectors including ports and logistics, edible oil, power transmission, city gas distribution, data centres, green energy and cement manufacturing

Adani Green announces redemption plan for $750 million bond due in Sept

The company has debts worth Rs 22,942 crore, up for repayment and refinancing

Muted Q3 sales, stock rally limit upsides in Godrej Consumer Products

The company remains optimistic about a gradual uptick in consumption trends over the next calendar year

Sunsure Energy commits Rs 3,150 cr investment in Tamil Nadu over 3 years

The company intends to develop three solar power plants with capacities of 100 MW each and a wind power plant with capacities of 200 MW strategically positioned across the state

Airport operator DIAL gets arbitral award on revenue share payments to AAI

Delhi airport operator DIAL has won an arbitral award against Airports Authority of India (AAI) with respect to revenue share obligations during the coronavirus pandemic period.

Welspun One inks pact with Tamil Nadu govt, proposes Rs 2,000 cr investment

With these two pacts, Welspun One's cumulative investment in Tamil Nadu is set to rise to Rs 4,500 crore, the company said

GoMechanic, iACe to upskill over 5,000 mechanics on latest automotive tech

iACE is a joint initiative of the Gujarat government and Maruti Suzuki India for automobile training with state-of-the-art infrastructure and technical labs

Fino Payments Bank applies for SFB license after board's agreement

According to the guidelines, payments banks were allowed to apply for a conversion into SFB post five years of operations along with meeting other guidelines mandated by the RBI

Blackstone's first private equity fund for rich individuals gets $1.3 bn

The cash pile, disclosed in a filing Monday, underscores the intensifying race among alternative investment firms to court private wealth as key sources of institutional money dry up

Cipla forges strategic partnership for global cell therapy advancements

The collaborative effort is aimed at developing and commercialising novel Cell therapy products for critical unmet medical needs in the US, Japan, and the EU

ReNew inks pact to sell 300 MW solar project to IndiGrid for $199 mn

The transaction is likely to close in accordance with PPA (power purchase agreement) conditions, a company statement said

GMDC gets green approval for expanding Surkha lignite mine in Gujarat

The environment clearance was accorded by the Ministry of Environment, Forest, and Climate Change (MOEFCC) for expanding the capacity of Surkha (N) lignite mine from 3 mn tonnes per annum to 5 MTPA

Google News Initiative announces second cohort of startup labs in India

The three-month-long programme aims to assist independent, early-stage Indian news startups in achieving financial and operational sustainability

Royal Enfield to invest Rs 3,000 cr in Tamil Nadu for product development

The investments are expected to generate about 2,000 direct and indirect jobs in the region

Tanla Platforms appoints former TRAI Chief RS Sharma to board of directors

Sharma was the chairman of the Telecom Regulatory Authority of India (TRAI) between 2015 and 2020, and his tenure was marked by initiatives promoting net neutrality and consumer rights