Page 2115 - Company News
SBI lines up 12 NPA accounts for sale to recover dues of over Rs 820 cr
Country's largest lender SBI has lined-up a dozen non-performing assets (NPAs) on sale to recover loan dues of over Rs 820 crore, as per the bank's notifications
 "SBI lines up 12 NPA accounts for sale to recover dues of over Rs 820 cr")
Steel major JSPL Mauritius' arm makes $ 357-mn prepayment to lenders
Homegrown steel major JSPL on Sunday said its subsidiary in Mauritius has made a prepayment of USD 357 million to lenders.
 "Steel major JSPL Mauritius' arm makes $ 357-mn prepayment to lenders")
Market cap of 10 most valued companies increases by over Rs 2.72 trn
Reliance Industries' m-cap swelled by Rs 54,904.27 crore to Rs 16,77,447.33 crore last week.
 "Market cap of 10 most valued companies increases by over Rs 2.72 trn")
Isha Vidhya, BYJU's join hands to educate children in rural areas
With the aim to empower and provide children across geographies with equal learning opportunities, BYJU's has collaborated with Coimbatore-based Isha Vidhya, a non-governmental organisation (NGO).
 "Isha Vidhya, BYJU's join hands to educate children in rural areas")
Reliance Retail pays Rs 950 cr for 89% stake in D2C lingerie brand Clovia
The firm will invest Rs 950 crore via a combination of secondary stake purchase and primary investment
 "Reliance Retail pays Rs 950 cr for 89% stake in D2C lingerie brand Clovia")
Reliance-ACRE combine wins race for ailing textile firm Sintex Industries
Lenders approve resolution plan with 100% vote
 "Reliance-ACRE combine wins race for ailing textile firm Sintex Industries")
Amazon scales up efforts to increase its women workforce in India
Putts spotlight on women staff, associates, partners who have fought societal, cultural, disability and economic barriers and are also redefining role of a woman in fast-paced e-commerce sector
 "Amazon scales up efforts to increase its women workforce in India")
Japan's Suzuki to invest $1.4 billion for EVs, batteries at India factory
Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce EVs and batteries, Maruti Suzuki India, majority-owned by the Japanese carmaker, said on Sunday.
 "Japan's Suzuki to invest $1.4 billion for EVs, batteries at India factory")
Working to improve tax literacy for widening taxpayer net: CBDT chairman
Income Tax department is working to improve abysmally poor tax literacy in India so that the number of tax paying people, entities can be increased leading to enhanced collections, J B Mohapatra said
 "Working to improve tax literacy for widening taxpayer net: CBDT chairman")
Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat
Japanese automaker Suzuki Motor Corporation on Sunday said it will invest around 150 billion yen by 2026, for local manufacturing of Battery Electric Vehicles and BEV batteries in Gujarat
 "Suzuki to invest Rs 10,445 cr for manufacturing EV, batteries in Gujarat")
What Nykaa CEO says about VCs without women in key positions
Nykaa CEO at a FICCI event said that the founders of her company approached several investors but were rejected because of the absence of women in key positions in venture capitalist firms
 "What Nykaa CEO says about VCs without women in key positions")
NMDC produces record 40 MT iron ore, aims 42 MT output in FY22
State-owned miner NMDC on Saturday announced that it has touched a record iron ore production of 40 million tonnes (MT) in this fiscal so far.
 "NMDC produces record 40 MT iron ore, aims 42 MT output in FY22")
Future group firms to convene shareholder, creditors meeting in April
Future Group's 19 companies operating in retail, wholesale, logistics and warehousing assets would be consolidated into one entity, FEL, and then transferred to Reliance
 "Future group firms to convene shareholder, creditors meeting in April")
Dodla Dairy acquires Krishna Milk for Rs 50 crore to expand business
Dodla Dairy Ltd on Saturday said it has acquired Karnataka-based Sri Krishna Milks Pvt Ltd for Rs 50 crore to expand its business.
 "Dodla Dairy acquires Krishna Milk for Rs 50 crore to expand business")
India expected to have over 100 new unicorns in 2022: HDFC Securities
Accelerated funding activity is expected to create over 100 unicorns in India during 2022.
 "India expected to have over 100 new unicorns in 2022: HDFC Securities")
Moderna requests FDA to authorize second Covid-19 booster shot for adults
Moderna submitted a request to the US Food and Drug Administration (FDA) for emergency use authorization on a fourth dose of its COVID-19 vaccine for adults 18 years of age and older
 "Moderna requests FDA to authorize second Covid-19 booster shot for adults")
Online shopping platforms witnessing blockbuster Holi festival sales
E-commerce giant Amazon is also tapping into customers' Holi buying spree
 "Online shopping platforms witnessing blockbuster Holi festival sales")
Health technology platform Tata 1mg steps up diagnostics play
Since Tata 1mg is focused on online diagnostics and home collection of samples, it has third-party partners for radiology tests
 "Health technology platform Tata 1mg steps up diagnostics play")
Nestle India relied more on railways, water routes in 2021: Report
Nestle increased the use of bigger size vehicles from 5.9 per cent in 2019 to 9.8 per cent in 2021 and started using railways, which was not used in 2019. It also introduced four waterways in 2021.
 "Nestle India relied more on railways, water routes in 2021: Report")
Adani Group exploring partnerships with Saudi Aramco: Report
The group, led by Gautam Adani, has reportedly held preliminary talks on a range of potential cooperation and joint investment opportunities with Saudi Aramco and the country's Public Investment Fund
 "Adani Group exploring partnerships with Saudi Aramco: Report")