Page 1004 - Company News

Vedanta's aluminium production rises to 599,000 tonnes in Oct-Dec quarter

In a regulatory filing, Vedanta said its production of saleable iron ore in Karnataka was flat at 1.4 million tonnes in the third quarter of this fiscal

ArcelorMittal denies deal to buy out Tauron from joint venture GDANSK

ArcelorMittal holds a 50% stake in Tameh Holding via two of its subsidiaries, with Tauron owning the rest

Bengaluru-based IT company Mphasis appoints new Europe & GBPS head

Mphasis specialises in cloud and cognitive services and is based in Bengaluru. It has recently launched a dedicated AI Business unit

Net advances of IndusInd Bank rise 20% to Rs 3.26 trillion in Q3 FY24

IndusInd Bank's growth in loans was 4 per cent in Q3 FY24 compared to the quarter ended in September 2023

Govt scraps sale of Salem plant; 3rd SAIL unit's privatisation put on hold

This is the third unit of public sector major SAIL where the government has decided not to go ahead with the strategic sale

Akasa Air inducts two new Boeing aircraft, total fleet rises to 22

Indian regulations mandate that carriers must have at least 20 aircraft in their fleet to be eligible for international flights

CMS Info Systems reports 9.3% growth in retail consumption trends

In data shared with Business Standard, the company said the Y-o-Y growth in the October and November period has been at 12.5 per cent, pointing at robust growth in the third quarter as well

Dr Reddy's Laboratories acquires women's health brands from MenoLabs

DRL said that it has acquired the entire MenoLabs supplements portfolio, which includes seven branded products designed to provide health support and address symptoms of perimenopause and menopause

2024 to be 'good year' for smartphone industry: Xiaomi India President

Terming India as a market of multitudes, Muralikrishnan asserted that there is an opportunity to have compelling 5G offering at every price point

Majority bondholders have consented to restructuring: Vedanta Resources

The company said 97.78 per cent, 98.69 per cent, 99.6 per cent, and 99.12 per cent of the four series of bonds respectively have consented in favour of the company's proposed restructuring

HMSI sees increase in sales by 27% to 317,123 units in December 2023

Domestic sales were at 2,86,101 units last month, as compared to 2,33,151 units in December 2022, at a growth of 22.71 per cent, Honda Motorcycle and Scooter India (HMSI) said in a statement

KPI Green Energy, Emmvee ink deal for 300 MW of solar panels purchase

KPI Green Energy Ltd. will install these panels, particularly for the development of a 240-megawatt solar plant in the Khavda village of Gujarat, India, for supplying power to Gujarat Urja Vikas Nigam

PFC signs MoU with Gujarat govt for power projects worth Rs 25,000 crore

'The collaboration will not only focus on the expansion of power infrastructure, but also help create employment generation of up to 10,000 in Gujarat,' said the Ministry of Power

Haldia Petrochemicals breaks ground on Rs 3,000 cr chemical plant in Bengal

The Rs 3,000 crore project is expected to be completed by the first quarter of 2026

EKA Mobility will supply 1,000 intercity electric buses to GreenCell

EKA Mobility will be responsible for supply, sales, and service of these buses, along with delivering quality certification reports

Adani Ports to raise up to $601 million funds by selling debentures

Billionaire Gautam Adani was re-designated as executive director from managing director and his son Karan Adani was re-designated as managing director from CEO, the company added

ONGC wins seven, Reliance-BP one oil, gas blocks in latest bid round

Oil Minister Hardeep Singh Puri said 10 blocks for exploration and production of oil and gas were offered in the eighth round of Open Acreage Licensing Policy (OALP-VIII)

Bank of Maharashtra slashes home loan rate on new year by 15 bps to 8.35%

In the current high-interest rate landscape, bank is making retail loans cheaper to bring in cheer among customers, it said

SBI garners $1 bn from overseas to cater domestic ESG financing market

The bank has concluded the issuance of USD 1 billion (USD 750 million and green shoe of USD 250 million) through Syndicated Social Loan, SBI said in a regulatory filing

Telangana will extend support to Amara Raja's Rs 9,500 cr project: CM Reddy

The Amara Raja team met the CM here regarding their landmark Giga Corridor project and ePositive Energy Labs in Telangana, an official release said