Page 1009 - Company News

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

ONGC seeks partners to cut gas flaring, zero methane emission by 2030

Oil and Natural Gas Corporation (ONGC) has substantially cut gas flaring -- burning of methane gas that is produced when oil is extracted from below surface -- and would look to bring it down to nil

Air India's new Airbus A350 to enter commercial service on January 22

The first flight of the A350 aircraft will be between Bengaluru and Mumbai at 7:05 am on January 22

Karur Vysya Bank biz grows at 14.74% to stand at Rs 1.58 trn for Q3FY24

The lender announced that ICICI Prudential Asset Management Company Limited (ICICI AMC) received approval from the Reserve Bank of India (RBI) to increase its stake

Yes Bank faces penalty of Rs 3 crore by Tamil Nadu GST department

Recently, the bank had received two separate tax notices from the Bihar GST department for Rs 20,000 and Rs 1,38,584, respectively, in December

TCS has to keep evolving as GenAI technology rises: CEO tells employees

IT services company has to 'keep pace with the times', says K Krithivasan in New Year message

Reliance Power to sell 1,200 MW Kalai II hydropower project to THDC India

The purpose of entering into the agreement was to monetise the hydroelectric power project, Reliance Power said in a regulatory filing on Sunday

Veteran banker Vaswani takes charge as Kotak Mahindra Bank's MD, CEO

He replaced Dipak Gupta, who was the interim MD and CEO, following founder director Uday Kotak stepping down as the head of the bank, effective September 1, 2023

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr

NBFC says in filing it is making efforts to sell nearly 50% of its stressed assets

Adani's JV hires global team for Dharavi overhaul project in Mumbai

Dharavi, about three quarters the size of New York's Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India's financial capital

Maruti Suzuki's total sales dip in December; exports in 2023 all-time-high

Despite the dip in December, Maruti Suzuki's compact segment continues to have the highest share in its total sales followed by utility vehicles and vans

JK Tyre raises Rs 500 cr; to be used for capex, strengthening balance sheet

JK Tyre & Industries on Monday said it has raised Rs 500 crore by way of qualified institutional placement (QIP)

M&M December sales: Domestic SUVs sales up 24% Y-o-Y on strong demand

Cars and vans saw a significant drop of 97 per cent Y-o-Y sales, with the company only selling three units in the last month of the calendar year

MG Motor India posts 18% growth in retail sales at 56,902 units in 2023

In December 2023, the company's retail sales were 4,400 units, up 13 per cent from the year-ago month, MG Motor India said in a statement