Page 12 - Companies News
Avalon Technologies' IPO gets subscribed 9% on second day of offer
The IPO comprises a fresh issue of aggregating Rs 320 crore and an offer for sale of up to Rs 545 crore by promoters and existing shareholders
 "Avalon Technologies' IPO gets subscribed 9% on second day of offer")
Honda Motorcycle & Scooter India shuffles top management ahead of EV foray
HMSI is establishing a new scooter manufacturing line at its Vithalpur factory in Gujarat. This is expected to boost its exports from India
 "Honda Motorcycle & Scooter India shuffles top management ahead of EV foray")
Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges
Hindalco's stock closed flat at Rs 403.35 apiece on the BSE on Wednesday
 "Hindalco recalibrates capex to $4.5 bn from $8 bn, cites challenges")
NODWIN Gaming's Singapore subsidiary acquires 51% stake in Branded
Branded also produces It's A Girl Thing, an empowerment platform and touring festival for young women and Creator World, one of Asia's newest event platforms for young influencer
 "NODWIN Gaming's Singapore subsidiary acquires 51% stake in Branded")
Hyundai Motor to introduce all-new sports utility vehicle in Indian market
The sports utility vehicle segment has emerged as the fastest growing segment in the domestic passenger vehicle segment
 "Hyundai Motor to introduce all-new sports utility vehicle in Indian market")
State-run QatarEnergy to acquire 25% stake in major gas project in Iraq
Iraq urgently needs to develop local gas resources to meet electricity demands, especially during the peak summer months. The country is heavily reliant on Iranian gas and electricity imports
 "State-run QatarEnergy to acquire 25% stake in major gas project in Iraq")
Apple's retail store to boost ecosystem experience for users: Experts
Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device
 "Apple's retail store to boost ecosystem experience for users: Experts")
GQG Partners sees $2 billion Adani bet delivering returns over 100%
The Adani Group lost as much as $153 billion in market value after a US short-seller accused the conglomerate of stock-price manipulation
 "GQG Partners sees $2 billion Adani bet delivering returns over 100%")
Amp Energy to set up 1 GW capacity under PLI scheme for manufacturing
Amp Energy India on Wednesday said it has bagged 1 GW capacity for integrating cell and module manufacturing under the government's performance-linked incentive (PLI) scheme
 "Amp Energy to set up 1 GW capacity under PLI scheme for manufacturing")
KKR & Co Inc closes its largest ever European buyout fund at $8 billion
The fund would focus on investments in Western European developed economies, the company said
 "KKR & Co Inc closes its largest ever European buyout fund at $8 billion")
FedEx combines air, ground, other operations by next year to slash costs
FedEx will combine almost all of its ground, air and other operations by next year as part of a USD 4 billion cost cutting plan
 "FedEx combines air, ground, other operations by next year to slash costs")
Reliance Retail enters beauty segment with Tira, opens 1st store in Mumbai
The country's leading retailer will now compete with the brands like HUL's Lakme, Nykka, Tata and LVMH's Sephora in India's growing beauty and personal care marketplace
 "Reliance Retail enters beauty segment with Tira, opens 1st store in Mumbai")
Alliance, Zuno tie up to provide personal accident covers to Ola drivers
The initiative, which aims to reach 200,000 Ola drivers across the country, has been powered by Alyve Health platform
 "Alliance, Zuno tie up to provide personal accident covers to Ola drivers")
Amul India's former MD Sodhi joins Reliance Retail's grocery division
R.S. Sodhi, former managing director of India's largest dairy brand Amul, has joined the grocery division of Reliance Industries retail unit, a person with direct knowledge of the matter told Reuters
 "Amul India's former MD Sodhi joins Reliance Retail's grocery division")
Google-owned YouTube adds dedicated 'Podcasts' tab to channel pages
Channel pages on YouTube's main website and mobile apps now include a "Podcasts" tab between "Live" and "Playlists", which according to Google, is available globally
 "Google-owned YouTube adds dedicated 'Podcasts' tab to channel pages")
Walmart bets on supply-chain automation, dangles profit potential
Walmart says its revamped supply chain will enable it to ease cost pressures tied to the rise of e-commerce and help end a decade of stagnation in US operating income
 "Walmart bets on supply-chain automation, dangles profit potential")
State-owned CIL aims to supply 610 MT coal to power plants in FY24
In FY23, CIL surpassed its target of 700 MT for the fiscal and produced 703.20 MT of coal, 13 per cent higher from 622.63 MT in 2021-22
 "State-owned CIL aims to supply 610 MT coal to power plants in FY24")
Poonawalla Fincorp registers highest disbursement of Rs 6,370 cr in Q4 FY23
Gross NPA and net NPA are expected to improve further to less than 1.55 per cent and 0.85 per cent, respectively, at the end of the last fiscal
 "Poonawalla Fincorp registers highest disbursement of Rs 6,370 cr in Q4 FY23")
Godrej Consumer Products expects Q4 growth on improved consumer demand
Growth in domestic business exceeds expectations, says maker of Cinthol soaps
 "Godrej Consumer Products expects Q4 growth on improved consumer demand")
Amid US watchdog heat, it is life as usual at Global Pharma'S Chennai unit
The firm ran into trouble after the US FDA informed it of 55 cases of adverse events on the use of its eye drops, some of which caused permanent loss of vision and at least one caused death
 "Amid US watchdog heat, it is life as usual at Global Pharma'S Chennai unit")
