Page 27 - Companies News
Alibaba splits into six units, plans new IPOs in historic overhaul
The move frees up the Chinese company's main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts
 "Alibaba splits into six units, plans new IPOs in historic overhaul")
Hike in withholding tax rate: Indian arms of MNCs may not feel sharp pain
India's tax treaties with most major economies cap withholding tax on royalties and technical fee at 10%
 "Hike in withholding tax rate: Indian arms of MNCs may not feel sharp pain")
Tamil Nadu's Hosur belt switches on as hub for EVs, ancillary units
Tamil Nadu is pulling out the stops to develop this north-western region of the state as a centre for the EV industry
 "Tamil Nadu's Hosur belt switches on as hub for EVs, ancillary units")
Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr
The shares were offloaded at a price of Rs 110.04 apiece, taking the transaction size to Rs 256.67 crore, as per the data
 "Highdell Investment sells 2.26% stake in Kalyan Jewellers for Rs 256 cr")
Cracking the whip: 18 drug companies lose licence over spurious medicines
Move comes after Drugs Controller General of India conducts inspection on 76 drug firms in 20 states
 "Cracking the whip: 18 drug companies lose licence over spurious medicines")
Warburg sells 2.3% stake in Kalyan Jewellers, mops up Rs 257 crore
PE major's holding in the Thrissur-based gold retailer falls to 24.06% from 26.36%; Shares of Kalyan Jewellers dip 9.1% to end at Rs 107.9 on the NSE
 "Warburg sells 2.3% stake in Kalyan Jewellers, mops up Rs 257 crore")
Jindal Stainless to invest Rs 1,200 cr in nickel pig iron JV in Indonesia
JSL says it is the first strategic partnership by an Indian company for securing a stake in a nickel reserve abroad
 "Jindal Stainless to invest Rs 1,200 cr in nickel pig iron JV in Indonesia")
US-based cloud computing firm Rackspace to lay off 4% of workforce
The company said that it will provide severance and other resources to those employees who are laid off, the report mentioned
 "US-based cloud computing firm Rackspace to lay off 4% of workforce")
Automaker SML Isuzu to raise prices to offset higher input costs
Chandigarh-based SML Isuzu also said its costs were rising due to fitting its buses with electronic stability control technology, which helps prevent losing control of a vehicle
 "Automaker SML Isuzu to raise prices to offset higher input costs")
Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam
The firm has tied up with over 40 known brands to offer a variety of rewards, cashback, and flat discounts across multiple categories including fashion, lifestyle, consumer-tech and D2C
 "Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam")
First Solar, Reliance, Avaada Group among winners of $2.4 bn green aid
The 39.6 gigawatts of manufacturing capacity is expected to require investment of 930.4 billion rupees, according to a government statement
 "First Solar, Reliance, Avaada Group among winners of $2.4 bn green aid")
Vedanta board approves Rs 7,621 crore of interim dividend for FY23
Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year
 "Vedanta board approves Rs 7,621 crore of interim dividend for FY23")
Air India's low-cost subsidiaries move to single unified reservation system
The two carriers, Air India Express and AirAsia India, have also adopted a common social media and customer support channel; air operating permits and regulatory posts to be merged later
 "Air India's low-cost subsidiaries move to single unified reservation system")
AI Express, AirAsia India launch unified reservation system for passengers
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website
 "AI Express, AirAsia India launch unified reservation system for passengers")
Telecom industry's financial health needs to improve: Bharti Enterprises
Bharti Airtel and Reliance Jio are the two main players in the sector at present
 "Telecom industry's financial health needs to improve: Bharti Enterprises")
Honda introduces new Activa125, compliant with latest BS-VI norms
Honda Motorcycle & Scooter India on Tuesday said it has launched latest version of its scooter Activa125 with upgraded engine priced at Rs 78,920 (ex-showroom, Delhi)
 "Honda introduces new Activa125, compliant with latest BS-VI norms")
First Solar, Avaada among winners of India's $2.4 billion green stimulus
Avaada Group, backed by Thailand's oil and gas major PTT Pcl, was also awarded a grant, according to its chairman, Vineet Mittal
 "First Solar, Avaada among winners of India's $2.4 billion green stimulus")
Amid rising competition, Air India may reward talent with 8-10% salary hike
This is the first performance review of employees since the Tata Group took control of Air India
 "Amid rising competition, Air India may reward talent with 8-10% salary hike")
Vedanta dividend: Decision on fifth payout today; check all details here
Vedanta dividend 2023: The company has already given four interim dividends totalling Rs 81 so far in the current financial year
 "Vedanta dividend: Decision on fifth payout today; check all details here")
Adani's AMG Media acquires 49% in Quintillion Business Media for Rs 48 cr
Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime
 "Adani's AMG Media acquires 49% in Quintillion Business Media for Rs 48 cr")
