Page 1006 - Company News

Adani Group-Hindenburg row: SC will pronounce judgement on January 3

A bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra reserved its verdict on the order on various aspects related to the Hindenburg report in November 2023

Mined metal production of Hindustan Zinc rises 7% in Oct-Dec quarter

The refined metal production in the third quarter increased 1 per cent to 2,59,000 tonnes over 2,57,000 tonnes in the year-ago period

Akasa Air set to close order for 150 Boeing 737 MAX narrowbody planes

Contract negotiations are ongoing and a deal is expected to be announced at Wings India, the country's largest civil aviation event scheduled for Jan. 18-21, said two sources familiar with ongoing ta

CCI clears Punjab State Power Corp's purchase of GVK Power project

GVK Power (Goindwal Sahib) is a wholly-owned subsidiary of GVK Energy Ltd, which in turn is the subsidiary of GVK Power and Infrastructure Ltd

Govt releases SOP for making changes to industrial entrepreneur memorandum

Confirmation for receipt of such information by the department for promotion of industry and internal trade (DPIIT) is IEM Acknowledgement

Hero MotoCorp sales increase by 5% YoY to 5.49 million units in 2023

In December 2023, total sales were marginally down at 3,93,952 units as against 3,94,179 units in the year-ago month, Hero MotoCorp said in a statement

Asian Paints receives three GST demand notices worth Rs 2.07 crore

The three orders related to the availing of "alleged ineligible Input Tax Credit (ITC)," were received on December 30, the leading paints maker said in a regulatory filing

BDR Pharmaceuticals launches prostate cancer drug in oral solution form

BDR stated since BDENZA is in liquid form, they can't quantify how lower it is compared to its counterparts in the market as they are present in solid form (tablet/capsule)

Alembic Pharmaceuticals clinches eight USFDA approvals in Q3 FY24

The same day, Alembic Pharma's share price rose to 3.55 per cent, ending the day's trade at Rs 792 apiece on the BSE

Adani Ports reports 42% growth in cargo handling in December 2023

According to a APSEZ statement, 10 ports in the APSEZ portfolio delivered their highest-ever cargo volumes, recording new operating milestones

Coal India's supply to non-regulated sector rises 31% during Apr-Dec

Coal India Ltd (CIL) supplied 75 MT fuel in the corresponding period of the previous fiscal

SAIL enters deal with Chennai-based Ram Charan for managing emissions

Agreement is for multiple solutions like converting emissions to value-added products and fuel

CK Birla Group's Birlasoft names Manjunath Kygonahally as overseas CEO

Birlasoft appointed Manjunath Kygonahally as the Chief Executive Officer (CEO) for the Rest of the World (ROW) region. Kygonahally will be based in the United Kingdom

Tata Motors domestic sales rise 4% in Dec; EV sales rise 21% in Q3FY24

Tata Motors' passenger vehicles remained in strong demand including preference for emission-friendly products in the domestic market, the company said

Airtel Africa CEO Ogunsanya to retire, Sunil Taldar named successor

Taldar, who joined Airtel Africa in October 2023 as Director Transformation, will begin the transition to the CEO role, working alongside Ogunsanya

Suzuki Motorcycle India's vehicle sales grow 24% to 79,483 units in Dec

Suzuki Motorcycle India Pvt Ltd (SMIPL), a subsidiary of Suzuki Motor Corporation, had sold 63,912 vehicles in December, as per a company statement

BHEL making India self-reliant in energy, infra: Heavy industries minister

The minister inaugurated the newly-constructed BHEL Sadan in Noida on the occasion of BHEL Day on Monday, the company said in a statement

Hershey Company appoints Luigi Mirri as general manager for India division

Currently serving as the General Manager of APAC, Mirri will expand his responsibilities to include India, Hershey Company said in a statement. Mirri's appointment is from January 1,2024

Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24

On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent

Skincare brand Nivea India appoints Geetika Mehta as managing director

Mehta, who has an experience of over two decades in the FMCG sector, will steer the brand in the country, Nivea India said in a statement