Page 1008 - Company News

HFCL bags Rs 1,127 cr order to transform BSNL's optical transport network

"Leveraging its unparalleled expertise in integrating complex systems, HFCL has strategically partnered with the NOKIA Network to deploy state-of-the-art optical technology," the release said

UltraTech Cement slapped with two GST demand orders totalling Rs 72 lakh

According to UltraTech, it has a "good case on merits to defend the matter before the Appellate Authorities" and shall contest the order

Strong visibility over growth, costs drive up CIL stock to record high

The e-auction premium over the fuel supply agreement (FSA) price has improved to between 80-100 per cent which means higher blended realisation compared to June-July premiums of around 60 per cent

HDFC Bank goes live with NPCI-developed UPI in secondary market platform

The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI)

Dharavi Redevelopment Project: Adani group signs planner, designer up

DRPPL is a joint venture between Adani Group and the Government of Maharashtra

UltraTech Cement Q3 sales up 6% to 27.3 MT, overseas production up 20%

The total sales volume in the domestic market was up 5 per cent to 26.06 MT during the quarter under review, the Aditya Birla Group firm said in a regulatory filing

Asian Paints gets GST demand notice of Rs 13.83 crore from TN's tax dept

The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the leading paints maker said in a regulatory filing

Air India to fly wide-body A350 jet from Jan 22 on domestic routes

Aircraft that has three-class cabin configuration will later be used for 'destinations across continents'

Ola Electric consolidates electric two wheeler leadership with market gain

India's overall electric two-wheeler market in 2023 fell short of the one million mark

Bharti Airtel Services set to acquire 97.1% stake in Beetel Teletech

Pegging the cost of acquisition at Rs 669 crore, the filing said this acquisition is a part of the company's strategy to enable indigenisation initiatives within its own ecosystem of telecom products

IBC yet to address resolution for insolvencies of group companies

Group insolvency remains an ill-defined area in the IBC. Here's why it needs a clear framework

SJVN gets govt approval to form JVs for 8778 MW hydro, renewable projects

SJVN will be the leading partner in three joint venture companies, whereas SJVN's wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) will be the leading partner in the fourth JV

Met winter's record peak power demand of 1,631 MW: Tata Power-DDL

The company is expecting the peak demand to breach 1,800 MW this season and has made long-term power tie-ups to meet the requirement, it added

Eicher Motors gets Rs 130 cr tax demand notices, company to challenge

The company has received a demand order for an aggregate amount of Rs 129.79 crore, including a penalty of Rs 11.8 crore

TVS Motor Company posts 25% jump in sales at 301,898 units in Dec

Motorcycle sales rose by 19 per cent to 1,48,049 units last month as compared to 1,24,705 units in December 2022, while scooter clocked sales of 1,03,167 units as against 76,766 units in Dec 2022

Power Grid Corp bags transmission project for Rajasthan's 20 GW energy zone

The scope of the project comprises the establishment of two 765kV D/C transmission lines traversing in Rajasthan and Delhi

Zomato increases platform fee to Rs 4 from Rs 3 in select markets

The fee is levied on all customers, regardless of whether they are part of the company's loyalty programme Zomato Gold, which provides benefits such as free deliveries and increased discounts

LIC gets GST notice of Rs 806 crore; insurer says will file an appeal

The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore

JK Tyre successfully raises Rs. 500 cr through QIP for growth initiatives

The funds raised will be utilised for both strengthening the balance sheet and growing capex

Cybersecurity firm TAC considering IPO in 2024 among options to raise funds

Company provides services to NPCI, BSE and NSE and has clients abroad