Page 32 - Companies News
Apple Inc supplier Pegatron in talks to open second India factory: Reports
Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million
 "Apple Inc supplier Pegatron in talks to open second India factory: Reports")
Windfall Tax: Vedanta cuts $91 mn from govt's gains to make up for tax paid
In signs of protests against the 9-month-old windfall tax, mining mogul Anil Agarwal's Vedanta Ltd has withheld about USD 91 million from the share of profit due to government
 "Windfall Tax: Vedanta cuts $91 mn from govt's gains to make up for tax paid")
CPPIB exploring buying out ReNew Energy shareholders, making firm pvt
Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn't already own and taking the Nasdaq-listed firm private
 "CPPIB exploring buying out ReNew Energy shareholders, making firm pvt")
Licensing dispute: Zee Music hits' exit no music to Spotify ears
Though Spotify had 500 million monthly active users globally (as of February 2023), there is no clarity on its India user base
 "Licensing dispute: Zee Music hits' exit no music to Spotify ears")
Ford's upcoming electric pickup truck will drive itself, says CEO
Ford Motor Co. plans to make driver-assistance features central to the next electric F-Series pickup - so much so that you might be able to take a snooze at 60 miles per hour
 "Ford's upcoming electric pickup truck will drive itself, says CEO")
Accenture: History of a Fortune500 firm that's laying off 2.5% of its staff
The world's largest consulting firm by head count in 2022 acquired its present name when it extricated itself from parent Arthur Andersen
 "Accenture: History of a Fortune500 firm that's laying off 2.5% of its staff")
Edtech firm Byju's likely to close $250 mn equity fund raise in April
The company retrenched 2,500 employees under the plan and hired 10,000 teachers for India and overseas
 "Edtech firm Byju's likely to close $250 mn equity fund raise in April")
Wardwizard starts operations of in-house lithium-ion battery assembly line
The facility is part of the phase-1 development of the electric vehicle ancillary cluster at Vadodara in Gujarat, the company said
 "Wardwizard starts operations of in-house lithium-ion battery assembly line")
Airtel India adds 235 cities to 5G network, service available in 500
The mode of user expansion is also different for both telecom operators
 "Airtel India adds 235 cities to 5G network, service available in 500")
LG Energy to invest $5.5 bn to build standalone battery plants in US
LGES, the world's second-largest battery maker after China's CATL, had withdrawn the plan a few months later, citing a spike in costs amid runaway global inflation
 "LG Energy to invest $5.5 bn to build standalone battery plants in US")
Leading media house, Viacom 18 secures exclusive MotoGP rights for India
India's historic debut on the MotoGP calendar in September this year will be exclusively live-streamed on JioCinema and Sports18 after Viacom 18 secured the telecast rights for the country
 "Leading media house, Viacom 18 secures exclusive MotoGP rights for India")
SWELECT Energy launches solar module manufacturing unit in Tamil Nadu
The production at the manufacturing unit would be scaled upto 595 MW from the initial 385 MW, managing director R Chellappan said here
 "SWELECT Energy launches solar module manufacturing unit in Tamil Nadu")
Motovolt acquires stakes worth 1 mn euros in German company eROCKIT AG
The company plans to further invest around 10 million euros (nearly Rs 90 crore) in India for industrialisation of the latter's products, Motovolt said in a statement
 "Motovolt acquires stakes worth 1 mn euros in German company eROCKIT AG")
Walmart laying off hundreds of employees to better prepare for future
Retail giant Walmart is laying off hundreds of employees at its e-commerce facilities across the US as part of an adjustment in staffing "to better prepare for the future needs of customers"
 "Walmart laying off hundreds of employees to better prepare for future")
Zydus Lifesciences gets US health regulator's nod for its generic medicine
The approval granted by the US Food and Drug Administration (USFDA) is for doxepin hydrochloride capsules of strength 150 mg, the company said in a regulatory filing
 "Zydus Lifesciences gets US health regulator's nod for its generic medicine")
Indian handset makers struggle to meet PLI targets; Apple leads the game
Lava International, Bhagwati (Micromax), and local contract manufacturer Optiemus have so far been unable to meet the targets
 "Indian handset makers struggle to meet PLI targets; Apple leads the game")
Xiaomi India joins United Way India to upskill transgender community
Leading smartphone and smart TV brand Xiaomi India on Friday announced a collaboration with the United Way India to upskill the transgender community in the country.
 "Xiaomi India joins United Way India to upskill transgender community")
Bajaj Finance, Cathay Financial weighing CBA Indonesia bids: Reports
The Indian and Taiwanese companies have had talks with advisers about potential offers for PT Bank Commonwealth, the people said
 "Bajaj Finance, Cathay Financial weighing CBA Indonesia bids: Reports")
LIC plans investment exposure caps post Adani share rout: Reports
After the Adani group lost over $100 billion in valuation post scathing allegations by U.S.-based Hindenburg Research, state-run LIC was criticized for having over $4 billion exposure
 "LIC plans investment exposure caps post Adani share rout: Reports")
Edtech major BYJU's, Aakash deny merger talks with rival Unacademy
Edtech major BYJU's on Friday denied reports that it is considering a merger of rival Gaurav Munjal-run Unacademy into Aakash Educational Services
