Page 25 - Companies News
Online used-car marketplace Shift Technologies lays off 30% of workforce
US-based online marketplace for buying and selling used cars Shift Technologies has reduced its workforce by 30 per cent
 "Online used-car marketplace Shift Technologies lays off 30% of workforce")
OYO-owned Weddingz.in ties up with Lemon Tree Hotels to boost revenue
OYO-owned Weddingz.in on Thursday announced a strategic tie-up with Lemon Tree Hotels in a bid to boost revenue, drive demand and sales
 "OYO-owned Weddingz.in ties up with Lemon Tree Hotels to boost revenue")
Adani group pulls back on grand ambitions after the Hindenburg bombshell
It's also dialling back on ambitions to dive further into aluminium, steel and road projects, said people
 "Adani group pulls back on grand ambitions after the Hindenburg bombshell")
CRISIL lowers outlook on Adani Airport Holdings from 'stable' to 'negative'
The outlook revision indicates that the standalone credit profile of AAHL may weaken
 "CRISIL lowers outlook on Adani Airport Holdings from 'stable' to 'negative'")
Adani group met Pimco, BlackRock for potential private bond placement
Adani seeks to reassure international investors that the ports-to-power empire's finances are under control
 "Adani group met Pimco, BlackRock for potential private bond placement")
Rs 6,828-crore aircraft contract sanctioned for HAL in Maharashtra's Nashik
The Union government has sanctioned Rs 6,828 crore worth of contract to Hindustan Aeronautics Ltd (HAL) at Ozar in Nashik district for manufacturing 70 HTT-40 aircraft
 "Rs 6,828-crore aircraft contract sanctioned for HAL in Maharashtra's Nashik")
Air India secures Rs 14,000 crore from State Bank of India, Bank of Baroda
The loans are benchmarked to SBI's six-month marginal cost of funds-based lending rate (MCLR) and are priced 50 basis points (bps) above it
 "Air India secures Rs 14,000 crore from State Bank of India, Bank of Baroda")
10 cr investors of 4 Sahara group's cooperative societies to get back money
A bench of Justices M R Shah and C T Ravikumar said the amount shall be disbursed to depositors duped by the Sahara group of cooperative societies
 "10 cr investors of 4 Sahara group's cooperative societies to get back money")
South Indian Bank to name new CEO by May as Ramakrishnan announces exit
Search committee considering internal and external options for selecting new chief of Thrissur-based lender
 "South Indian Bank to name new CEO by May as Ramakrishnan announces exit")
Google gets relief on four key CCI directives, but Rs 1,338-cr fine stays
NCLAT upholds competition watchdog's observation that Google misused dominant position in Android ecosystem
 "Google gets relief on four key CCI directives, but Rs 1,338-cr fine stays")
JSW Energy acquires 1,753 MW green assets of MEIPL for over Rs 10,000 crore
JSW Energy on Wednesday said it has completed the acquisition of 1,753 MW of renewable energy assets from Mytrah Energy (India) Private Limited (MEIPL) for over Rs 10,000 crore
 "JSW Energy acquires 1,753 MW green assets of MEIPL for over Rs 10,000 crore")
ZEEL, IndusInd Bank settle dispute paving way for Sony-Zee merger
On February 22, the Mumbai bench of the NCLT had admitted the bank's insolvency plea against ZEEL
 "ZEEL, IndusInd Bank settle dispute paving way for Sony-Zee merger")
CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'
The change reflects the possibility of higher-than-expected financial leverage and lower financial flexibility with reducing ratio of cash surplus to one-year maturities for FY23 and FY24
 "CRISIL revises outlook on Vedanta's loans from 'stable' to 'negative'")
Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year
Capacity of EV unit in Karnataka to be ramped up to produce 1 mn units by 2030
 "Honda's EV roadmap: Dedicated factory, first two e-scooter models in a year")
Regressive changes in service condition by Air India, says pilots' bodies
Pilots' bodies at Tata Group-owned Air India have accused the airline management of making unilaterally "rapid" and "regressive" changes in the service conditions of pilots.
 "Regressive changes in service condition by Air India, says pilots' bodies")
Airbus mandates Tata Advanced Systems to make cargo doors of A320neo
European aviation major Airbus said on Wednesday it has mandated Tata Advanced Systems to manufacture cargo and bulk cargo doors of the A320neo aircraft family.
 "Airbus mandates Tata Advanced Systems to make cargo doors of A320neo")
Tata wins Airbus order to manufacture cargo doors for A320neo family planes
Tata Advanced Systems will produce these doors at a new unit in Hyderabad using cutting-edge robotics, automation technology. Each shipset will include two cargo doors and one bulk cargo door
 "Tata wins Airbus order to manufacture cargo doors for A320neo family planes")
'Inability to build commercial aircraft one of India's biggest failings'
Civil Aviation Secretary Rajiv Bansal called India's inability to manufacture commercial aircraft a "huge pain point"
 "'Inability to build commercial aircraft one of India's biggest failings'")
TVS Emerald, HDFC Capital to create Rs 1000 cr platform for real estate
Agreement to assist setting up plotted development projects in Chennai and Bengaluru
 "TVS Emerald, HDFC Capital to create Rs 1000 cr platform for real estate")
Fitch says, two Adani entities facing 'heightened contagion risks'
(Reuters) -Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility
 "Fitch says, two Adani entities facing 'heightened contagion risks'")
