Page 17 - Indian Companies

How Amul navigated the tricky terrains of India's ice cream market

Amul has expanded from 19 operational ice cream plants until last year to 25, having invested more than Rs 1,000 crore this year in capacity. It aims to double ice cream capacity in two years

NCLT directs edtech major Byju's to keep status quo on shareholding

This means that Byju's is restricted from issuing shares and using funds raised from a $200 million rights issue until the tribunal decides the matter

Large food firms start biting back to win market share from smaller players

Small players typically enter the market when the commodity cycle enters into a downward territory and offer stiff competition to larger players with similar offerings at lower prices

JSW Group to invest $70 billion in 6 years; plans to expand capacity

The Odisha investment consists of a 50 GWh EV battery plant, EVs, a lithium refinery, a copper smelter, and related component manufacturing units

Hansgrohe bets big on India, sees it among top five global market

The company did not share India's revenue numbers, however, the executive expects India to contribute up to 10 percent in the global sales in the years to come

Nestle India to pay royalty fee to Swiss parent at current rate of 4.5%

As many as 57 per cent of the company's shareholders had rejected the proposal, the company had informed the exchanges

Zomato to invest Rs 300 cr in Blinkit, total rises to Rs 2,300 cr

It will separately invest Rs 100 cr in live events and ticketing business

Those who can't keep up will be left behind: Wadhwani Foundation CEO on AI

Through this initiative, the firm aims to translate over 1,000 innovations annually into product-led startups

India will be the global AI leader, says GitHub CEO Thomas Dohmke

Dohmke said there's incredible energy and things are moving and evolving fast in terms of infrastructure, which is a reflection of the country's flourishing software industry

Process to select next Punjab National Bank chief to begin in July

Selection process for EDs in PSBs also starting soon

RBI opens gates for investors, companies to invest in overseas funds

The RBI issued a circular on Friday amending the Foreign Exchange Management (Overseas Investment) Directions, 2022, lifting several restrictions

Bajaj Auto's affordable Chetak 2901 charges up electric scooter market

Bigger players have cornered an 80% share of this segment compared to them commanding only 50-60% a year back

Markets make sharp recovery but a third of stocks still in the red

PSEs, Adani, infra stocks among laggards

A sporty hatchback: Tata Motors launches Altroz Racer at Rs 9.49 lakh

This new variant includes a 360-degree camera, a large touchscreen infotainment system, ventilated front seats (a first in this segment), and six airbags as standard

Changing colours of succession: India Inc is learning to deal with GenNext

The key issues to be ironed out in succession are an unambiguous allocation of properties among legal heirs and the timeline for vesting of these properties

Plan to double international transit traffic in 5-10 years: Air India exec

Says 'out-of-the-box thinking' needed to develop Delhi, Mumbai, Bengaluru as transit hubs

Zee's board gives in-principle approval to raise funds up to Rs 2,000 crore

This announcement comes after Sony India terminated its merger agreement with Zee Entertainment worth $10 billion in January this year

Wipro bags $500 million deal from US communication service provider

Wipro's communication vertical declined 14.7 per cent year-on-year and contributed 4.2 per cent to the total revenue as of FY24

Fintech firm Fibe raises $90 mn in funding round, looks to list in 3 years

Consumer loans company says it will use the financing to expand business

Reforms, PLI: CEOs expect new govt to maintain policy continuity

The election results coincide with a slowdown in manufacturing activity for the second consecutive month in May