Page 15 - Companies News
After $3 bn, Reliance Industries, Jio raise $2 bn foreign exchange loan
Barely days after signing a $3 bn financing in India's most widely syndicated loan, RIL and its unit Jio have raised $2 bn add-on foreign currency facility at most competitive rates, sources said
 "After $3 bn, Reliance Industries, Jio raise $2 bn foreign exchange loan")
3.1 mn jobs shortfall in cybersecurity, skill shortage hits Indian firms
The '2023 Global Cybersecurity Skills Gap Report' also found that 24 per cent of Indian organisations experienced five or more breaches
 "3.1 mn jobs shortfall in cybersecurity, skill shortage hits Indian firms")
Britannia Industries declares interim dividend of Rs 72 per share for FY23
The record date for determining the eligibility of shareholders for payment of Interim Dividend is April 13, 2023
 "Britannia Industries declares interim dividend of Rs 72 per share for FY23")
Eastern Railway's revenue sees 21.17% jump to Rs 10, 502 cr in FY'23
The Eastern Railway on Tuesday said it has earned a total revenue of Rs 10,501.99 crore in the 2022-23 financial year, registering a 21.17 per cent growth over Rs 8,667.12 crore mop-up
 "Eastern Railway's revenue sees 21.17% jump to Rs 10, 502 cr in FY'23")
TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH
TVS Motor Company on Tuesday said its Singapore-based arm will acquire a 25 per cent stake in Germany-based electric mobility products and components startup Killwatt GmbH
 "TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH")
V3 Ventures plans to invest 30 mn euros in Indian start-ups
V3 Ventures, Co-Founder and Investment Partner, Arjun Vaidya said that the company plans to invest the rest of the fund in the US and Europe
 "V3 Ventures plans to invest 30 mn euros in Indian start-ups")
Capex cannot be driven by public investment, says industry body Assocham
Industry body Assocham said capital expenditure cannot be driven largely by public investment and the private sector must participate to increase investments in India's economy
 "Capex cannot be driven by public investment, says industry body Assocham")
Venture debt platform Blacksoil announces raising $25 mn in fresh capital
Company says it start-ups looking for support amid funding winter are turning to venture debt
 "Venture debt platform Blacksoil announces raising $25 mn in fresh capital")
Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments
The firm's India business grew 17%, while the Malaysia personal care biz grew over 20% and Vietnam crossed $100 mn in revenue, with double-digit growth
 "Wipro Consumer revenue tops Rs 10,000 cr in FY23 on growth across segments")
Honda Motorcycle & Scooter India records 34.5% sales decline in March
Exports were higher at 14,466 units as compared to 13,884 units in the year-ago month, it added
 "Honda Motorcycle & Scooter India records 34.5% sales decline in March")
B2B apparel platform Zyod raises $3.5 mn in seed funding from Lightspeed
FJ Labs, Panthera Peak Capital, and select angels also participated
Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer
Virgin Orbit's strategy has been that launching small rockets from a 747 in flight would allow for short-notice launches from anywhere
 "Richard Branson's Virgin Orbit files for bankruptcy, to seek buyer")
Isuzu Motors names Rajesh Mittal as new head of India operations
Mittal, the first person of Indian origin to head the country operations, succeeds Wataru Nakano who takes over as a Head of Isuzu operations in Vietnam
 "Isuzu Motors names Rajesh Mittal as new head of India operations")
Tata International appoints Rajeev Singhal as Chief Operating Officer
He assumed office from April 1, 2023 and will report to Tata International Ltd Managing Director Anand Sen, the company said in a statement
 "Tata International appoints Rajeev Singhal as Chief Operating Officer")
Havells India partners with Swedish tech startup Blixt Tech AB
By introducing SSCB, Havells is strengthening its position in the switchgear segment. It also highlights Havells' focus on innovative and future-ready solutions, said a joint statement
 "Havells India partners with Swedish tech startup Blixt Tech AB")
Suzuki Motorcycle India announces appointment of Kenichi Umeda as new MD
Suzuki Motorcycle India Pvt Ltd on Tuesday announced the appointment of Kenichi Umeda as its new Managing Director
 "Suzuki Motorcycle India announces appointment of Kenichi Umeda as new MD")
Varanasi-bound IndiGo flight makes emergency landing in Telangana
A Varanasi-bound IndiGo flight made an emergency landing at Rajiv Gandhi International Airport (RGIA) at Shamshabad airport in Telangana on Tuesday, due to a technical problem.
 "Varanasi-bound IndiGo flight makes emergency landing in Telangana")
Gram Power to ramp up smart meter manufacturing capacity; expects growth
Homegrown smart metering firm Gram Power is eyeing a multi-fold growth in topline in the current fiscal as it is set to ramp up the manufacturing capacity to 10 million units per annum
 "Gram Power to ramp up smart meter manufacturing capacity; expects growth")
Wipro Consumer Care and Lighting FY23 sales cross Rs 10,000 crore
Wipro Consumer Care and Lighting on Tuesday said it has crossed the milestone of Rs 10,000 crore in overall sales in FY23, helped by 'significant growth' across geographies, brands, and categories
 "Wipro Consumer Care and Lighting FY23 sales cross Rs 10,000 crore")
Hyundai unveils Genesis GV80 Coupe concept car at exhibition in New York
South Korea's largest carmaker Hyundai Motor has unveiled the Genesis GV80 Coupe Concept at its exhibition hall Genesis House New York, the company said on Tuesday
 "Hyundai unveils Genesis GV80 Coupe concept car at exhibition in New York")
