Page 802 - Company News
FSIB defers interview for SBI chairman's post, new date after poll results
The Financial Services Institutions Bureau (FSIB) will schedule the interview well in advance to select a replacement for Dinesh Khara, who will be superannuating on August 28
 "FSIB defers interview for SBI chairman's post, new date after poll results")
Gensol Engineering appoints Shilpa Urhekar as CEO of Solar EPC, India
Urhekar will succeed Ali Imran Naqvi, who has been nominated to oversee the growth of Gensol Engineering Ltd and its subsidiaries, the company said in a BSE filing
 "Gensol Engineering appoints Shilpa Urhekar as CEO of Solar EPC, India")
Pine Labs gets approval from Singapore court to relocate base to India
Pine Labs' decision to shift domicile follows a broader trend among fintech firms like PhonePe and Groww, which have also moved their bases back to India
 "Pine Labs gets approval from Singapore court to relocate base to India")
JSW Cement to invest Rs 3K cr to set up manufacturing unit in Rajasthan
The greenfield, integrated facility will be funded by a mix of debt and equity, the company said
 "JSW Cement to invest Rs 3K cr to set up manufacturing unit in Rajasthan")
Biocon Biologics announces getting US FDA approval for eye treatment drug
Company says approval is a 'significant milestone' and marks entry in new therapeutic area in the US
 "Biocon Biologics announces getting US FDA approval for eye treatment drug")
Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21
Company results Q4 FY24: JK Tyre & Industries, Religare Enterprises, and Hitachi Energy India are poised to release the financial report for the fourth quarter today
 "Q4 results today: BHEL, NMDC among 115 firms to release earnings on May 21")
FSIB to interview eligible candidates for SBI Chairman post on May 21
FSIB would recommend the name and the final decision would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi
 "FSIB to interview eligible candidates for SBI Chairman post on May 21")
Randstad Digital eyes GCCs in India to drive growth in its IT business
Randstad Digital's focus verticals include banking, financial services and insurance (BFSI), automotive and aerospace, and high tech verticals
 "Randstad Digital eyes GCCs in India to drive growth in its IT business")
Ola's next stop: Scaling up fintech, logistics, e-commerce businesses
Firm looks to shore up allied ecosystem to complement ride-hailing services
 "Ola's next stop: Scaling up fintech, logistics, e-commerce businesses")
The audience can't be tricked: RIL President, media biz, Jyoti Deshpande
We didn't have a direct scalable presence in the content value chain other than the TV programming created by Colors. So we set up Jio Studios with a vision to become India's largest storyteller
 "The audience can't be tricked: RIL President, media biz, Jyoti Deshpande")
Dixon Technologies: Q4FY24 performance disappoints, valuation rich
The 5G rollout is opening demand for new devices. Scaling up in home appliances and laptops should also drive revenues
 "Dixon Technologies: Q4FY24 performance disappoints, valuation rich")
PGIM India Asset Management aims to double AUM to Rs 50,000 cr in 2-3 yrs
This growth was fuelled by the growing participation of retail investors and buoyant equity markets
 "PGIM India Asset Management aims to double AUM to Rs 50,000 cr in 2-3 yrs")
Ujjivan SFB board to decide universal bank transition timelines in FY25
Ujjivan SFB's gross and net NPA ratio were 2.1 per cent and 0.3 per cent in March 2024. The ratios were at 2.6 per cent and 0.4 per cent as on March 2023
 "Ujjivan SFB board to decide universal bank transition timelines in FY25")
High Court gives relief to Pepsico India over Rs 2,800 crore tax demand
The AO came to this conclusion on the basis of the bright line test (BLT) in transfer pricing
 "High Court gives relief to Pepsico India over Rs 2,800 crore tax demand")
Failed quality test: Patanjali Foods to appeal court order jailing three
A case in this regard was registered in 2021 after reports found the samples did not meet the food safety standards
 "Failed quality test: Patanjali Foods to appeal court order jailing three")
Rail maker Wabtec Corp eyes $30 million exports from its India operations
Inaugurates Rs 150 cr manufacturing facility in Haryana
 "Rail maker Wabtec Corp eyes $30 million exports from its India operations")
JB Pharma aims to grow its revenue by 12-14% in the next two years
JB Pharma plans to maintain its presence in cardiology, focusing on hypertension, heart failure, and lipid-lowering treatments
 "JB Pharma aims to grow its revenue by 12-14% in the next two years")
Senior Flipkart execs Prabh Simran Singh, Sankalp Mehrotra to step down
They join the growing list of top officials who have left Flipkart in past few months. Many of the executives at large companies are quitting either to start their own companies or join smaller firms
 "Senior Flipkart execs Prabh Simran Singh, Sankalp Mehrotra to step down")
Bharti Airtel's Africa Ebitda likely to contract by about 20%: S&P Global
Bharti Airtel on Tuesday posted a 31 per cent drop in consolidated profit to Rs 2,072 crore in the March 2024 quarter, mainly due to the devaluation of the Nigerian Naira
 "Bharti Airtel's Africa Ebitda likely to contract by about 20%: S&P Global")
Mega Networks to set up AI server facility in Mumbai by end of the year
Mega Networks is an advanced networking solutions provider known for producing indigenous AI servers in India, partnering with chip giants like NVIDIA, Intel, and AMD
 "Mega Networks to set up AI server facility in Mumbai by end of the year")