Page 14 - Companies News
Maruti Suzuki WagonR, Alto K10 get low rating in Global NCAP crash test
Both the models scored zero stars for child occupant protection as per the Global NCAP's latest round of crash tests
 "Maruti Suzuki WagonR, Alto K10 get low rating in Global NCAP crash test")
Adani Group joint venture in talks for 1st offshore loan since Hindenburg
AdaniConneX Private Ltd would use this $200 mn loan for capital expenditure, with a five year tenor under discussion
 "Adani Group joint venture in talks for 1st offshore loan since Hindenburg")
General Motors' 5,000 salaried workers take buyouts to leave company
GM will take a $1 billion charge in the first quarter, he said. The company had previously projected $1.5 billion in charges related to staff reductions
 "General Motors' 5,000 salaried workers take buyouts to leave company")
JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results
JP Morgan on Tuesday placed Indian IT services provider HCL Technologies Ltd on "negative catalyst watch" ahead of the earnings season, citing the highest near-term risks for the company
 "JP Morgan puts HCL on 'negative catalyst watch' ahead of Q4 results")
Downturn still nascent, it is time for caution, not expansion: Zoho founder
In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores
 "Downturn still nascent, it is time for caution, not expansion: Zoho founder")
Apple Inc says users report weather app outage in some locations
The Cupertino, California-based company said on its website that issues for the app were reported at 11 p.m. New York time Monday and continued Tuesday
 "Apple Inc says users report weather app outage in some locations")
Amazon removes 6 mn counterfeit items globally from supply chains
The report said that Amazon's Counterfeit Crimes Unit sued or referred for investigation over 1,300 criminals in the US, UK, EU, and China in 2022
 "Amazon removes 6 mn counterfeit items globally from supply chains")
Vedanta arm Balco signs pact with SRIPL to source hybrid renewable power
The project will be funded on a 70:30 debt to equity basis and BALCO will own 26 per cent equity in the SPV
 "Vedanta arm Balco signs pact with SRIPL to source hybrid renewable power")
Oberoi Realty to build on new project launches, rental portfolio
Street will track pace of bookings, project execution, and acquisition of new land
 "Oberoi Realty to build on new project launches, rental portfolio")
Kolkata Port profit up 152% in FY23; test run to Myanmar's Sittwe port soon
Kolkata port, now known as Syama Prasad Mookerjee Port, on Tuesday announced that it has handled 65.66 million tonnes of cargo in the 2022-23 financial year, up by 12.87 per cent
 "Kolkata Port profit up 152% in FY23; test run to Myanmar's Sittwe port soon")
Karur Vysya Bank to offer SBI Life Insurance products at its branches
Private sector Karur Vysya Bank has inked a pact with SBI Life Insurance to offer their insurance products to customers at its branches, the bank said on Tuesday
 "Karur Vysya Bank to offer SBI Life Insurance products at its branches")
L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal
At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics
 "L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal")
FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill
Tourism and hospitality body FAITH on Tuesday urged the government to roll back the increase in Tax Collected at Source on overseas tour packages announced in the Finance Bill 2023
 "FAITH urges govt to withdraw TCS hike on packages announced in Finance Bill")
HDFC Ltd records 12% loan growth at Rs 9,340 cr in March quarter
Gross income from dividend for the quarter ended on March 31, 2023 was Rs 207 crore as compared to Rs 128 crore
 "HDFC Ltd records 12% loan growth at Rs 9,340 cr in March quarter")
Bajaj Finance booked highest ever new loans in FY23 at 29.6 million
AUM grew 29% YoY in Q4 to Rs 2.47 trillion
 "Bajaj Finance booked highest ever new loans in FY23 at 29.6 million")
State-owned NBFC firm REC raises $750 mn through issuance of green bonds
State-owned non-banking finance firm REC Ltd has raised $750 million through issuance of green bonds
 "State-owned NBFC firm REC raises $750 mn through issuance of green bonds")
MOIL's output grows 6% to 1.3 MT in FY23, 14% higher capex utilised
State-owned MOIL has registered a 6 per cent rise in its manganese ore production to 1.3 mn tonnes (MT) in 2022-23
 "MOIL's output grows 6% to 1.3 MT in FY23, 14% higher capex utilised")
Inox Air ropes in TP Saurya Bandita to set up 40 MW captive solar plant
Inox Air Products on Tuesday said it has signed an agreement with TP Saurya Bandita Ltd to set up a 40 MW captive solar plant at Dhule in Maharashtra
 "Inox Air ropes in TP Saurya Bandita to set up 40 MW captive solar plant")
Mumbai-based alternative credit platform BlackSoil raises $25 mn
BlackSoil, a Mumbai-based alternative credit platform, on Tuesday said it has raised over $25 million (about Rs 205 crore) through its diverse debt products
 "Mumbai-based alternative credit platform BlackSoil raises $25 mn")
Hikal ownership dispute: Kalyani family spar over 1993 agreement
Baba Kalyani's sister Sugandha, husband move court against the Bharat Forge promoter for full ownership of chemical company Hikal; Kalyani points to intervening agreements and statute of limitations
 "Hikal ownership dispute: Kalyani family spar over 1993 agreement")
