Page 23 - Companies News
ArcelorMittal-Nippon Steel India JV signs $5 bn loan with Japanese banks
ArcelorMittal SA on Friday said its Indian steelmaking joint venture with Asian peer Nippon Steel Corp has entered into a $5 billion loan deal
 "ArcelorMittal-Nippon Steel India JV signs $5 bn loan with Japanese banks")
Zee enters one-time settlement with StanChar over Siti Networks loan
The matter pertained to a default in payments by Essel Group's multisystem operator arm Siti Networks. ZEEL was a guarantor to the loans taken by Siti Networks
 "Zee enters one-time settlement with StanChar over Siti Networks loan")
Patanjali Foods says not considering FPO to increase public shareholding
But other modes like OFS, QIP to raise public shareholding
 "Patanjali Foods says not considering FPO to increase public shareholding")
Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt
People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities
 "Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt")
From manual pricing to ChatGPT: How Air India is transforming under Tata
The push to modernise underscores the decay left by years of under-investment as Air India looks to shed decades-old bureaucratic processes and recapture customers
 "From manual pricing to ChatGPT: How Air India is transforming under Tata")
Small stocks lag behind in FY23, take bigger hit than bluechip firms
The BSE smallcap index jumped 7,566.32 points or 36.64 per cent in 2021-22 fiscal, and the midcap surged 3,926.66 points or 19.45 per cent
 "Small stocks lag behind in FY23, take bigger hit than bluechip firms")
Aditya Birla Health Insurance inks bancassurance partnership with UCO Bank
ABHICL has more than 200 branches, with a diversified presence in over 4800 cities spread across the length and breadth of the country
 "Aditya Birla Health Insurance inks bancassurance partnership with UCO Bank")
HUL cuts prices, raises grammage in detergent and dishwash segments
The price of Surf Excel Matic (liquid) has been cut to Rs 199 from Rs 220 for a one-litre pack
 "HUL cuts prices, raises grammage in detergent and dishwash segments")
Alibaba likely to yield control of some business units in rejig: Report
The restructuring marks a new stage in Alibaba's growth after a series of setbacks as regulators cracked down on it and other tech companies
 "Alibaba likely to yield control of some business units in rejig: Report")
Air India rejigs policies for women employees; provides daycare help
The revised policies, to be effective from April 1, are part of the carrier's 'MOMS - Returning Mothers Programme'. MOMS refers to 'Making Our Mothers Soar'
 "Air India rejigs policies for women employees; provides daycare help")
Adani pins hopes on 20% earnings growth every year to repay $23 bn debt
Embattled Adani Group is looking at a 20 per cent growth in earnings across businesses spanning from sea ports to airports, edible oil and commodities, energy, cement and data centres
 "Adani pins hopes on 20% earnings growth every year to repay $23 bn debt")
Tata Power re-appoints Praveer Sinha on positions of CEO, Managing Director
Tata Power on Thursday said it has re-appointed Praveer Sinha as the company's Chief Executive Officer (CEO) and Managing Director.
 "Tata Power re-appoints Praveer Sinha on positions of CEO, Managing Director")
Welspun Corp Limited subsidiary completes acquisition of Sintex-BAPL
Propel Plastic Products Private Limited, a wholly owned subsidiary of Welspun Corp Limited (WCL), has discharged the consideration to the creditors of Sintex-BAPL Limited
 "Welspun Corp Limited subsidiary completes acquisition of Sintex-BAPL")
Hero MotoCorp appoints company insider Niranjan Gupta as new CEO
Hero MotoCorp Ltd, India's biggest two-wheeler maker by volume, on Thursday named company insider Niranjan Gupta as its chief executive officer
 "Hero MotoCorp appoints company insider Niranjan Gupta as new CEO")
Nestle SA eyes $1 billion deal for 'Ching's Secret' owner in India
Capital Foods makes the Ching's Secret brand of spicy noodles and fusion chutneys infused with so-called "desi Chinese" flavors. It also sells Smith & Jones cooking pastes and masala mixes
 "Nestle SA eyes $1 billion deal for 'Ching's Secret' owner in India")
Volatility in Vedanta Resources bonds rises as group plans to reduce debt
Bankers said the group's bonds have been showing volatility since October last year
 "Volatility in Vedanta Resources bonds rises as group plans to reduce debt")
Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney
Lapses in due diligence, valuation disagreements, funding winter, tough regulatory environment, fintech slowdown being cited as reasons
 "Walmart-owned PhonePe calls off deal to acquire fintech startup ZestMoney")
Unacademy gives pink slips to 380 employees in another round of layoffs
With this round of layoffs, Unacademy's workforce strength is down to under 3,000 compared to 6,000 in the early part of 2022
 "Unacademy gives pink slips to 380 employees in another round of layoffs")
NCLAT drops Jindal Stainless plea over Mittal Corp, asks to approach NCLT
NCLAT said issues raised by Jindal Stainless subsequent to February 10, 2023, when RFRP was issued, need no consideration
 "NCLAT drops Jindal Stainless plea over Mittal Corp, asks to approach NCLT")
Jindal Stainless sees domestic demand; China imports a challenge: Firm's MD
Puts most of its eggs in the domestic market, buoyed by strong demand; 25-30% of sales driven by exports
 "Jindal Stainless sees domestic demand; China imports a challenge: Firm's MD")
