Page 1019 - Company News

Adani Green Energy announces incorporation of two step down subsidiaries

Both step down subsidiaries have authorised as well as paid-up share capital of Rs 1 lakh each

Muted demand, cautious outlook dampens Page Industires' turnaround hopes

The company posted an 8 per cent decline in revenues both over the year-ago quarter as well as on a sequential basis in the September quarter

NCLAT refuses to stay Zee-Sony merger, case to be heard on January 8

Tribunal agrees to hear appeal against it on Jan 8

Vedanta Resources prioritising private credit facility, says S&P Global

Analysts with S&P on the call noted that the liability management exercise is not as straightforward as seen in this region or globally

Softbank divests 2.5% stake in Policybazaar's parent firm worth Rs 914 cr

Following the share sale, shares of PB Fintech fell 2.31% to close at Rs 789.45 apiece on the BSE

LIC notifies hike in gratuity limit to Rs 5 lakh from Rs 3 lakh for agents

It also enabled the reappointed agents to be eligible for renewal commission, thereby providing them with increased financial stability

Softbank-backed Meesho adds nearly 25,000 non-GST sellers in 2 months

Earlier this year, Meesho implemented significant technological adaptations, paving the way for non-GST sellers to commence selling on the platform from October 1, 2023

Tata Power Solar Systems to supply solar modules worth Rs 418 cr to NTPC

Tata Power Solar Systems Ltd (TPSSL) has signed a contract to supply 152 MWp solar PV modules for NTPC's Nokh Solar PV Project in Rajasthan, the company said in a statement

India's growth story is going to be distinctive and unique: Rohit Jawa

At the 188th Foundation Day Celebration by the Bombay Chamber of Commerce & Industry, Jawa said in his keynote address that India's digital landscape is a key accelerator for growth

Not evaluating any divestment options for API business, says Biocon

Biotechnology major Biocon on Friday said it is not evaluating divestment options for its API business.

UltraTech eyeing Volume expansion in south, unlikely to disturb prices

Deal with Kesoram Industries likely to add 10.75 million tonnes capacity under UltraTech Cement's fold

Prateek Gupta loses bid to lift freezing order in Trafigura fraud case

Gupta has said in his defence that Trafigura staff devised the scheme at the centre of the case to substitute low-value metals such as scrap for high-grade nickel

US opens probe into over 450,000 Nissan vehicles on engine failure concerns

The Japanese automaker has looked to address main bearing and L-link damage or seizures on the engines by introducing multiple manufacturing process changes over time, the regulator said

NTPC Mining logs 23.22 MMT coal output in FY24 so far, surpasses FY23 total

The milestone was achieved in record 257 days, taking 108 less days than in FY23, recording year-on-year growth of 77 per cent in coal production and 88 per cent in dispatch

NTPC seeks public nod for Sipat project expansion in Chhattisgarh

Set up with an approximate project Cost of Rs 7,000 crore, the unit does not require any additional land or water allocation. The plant is receiving water from the Hasdeo River

Cipla invests Rs 42 crore in GoApptiv to enhance healthcare access

Cipla's move aligns with its vision to strengthen investments in channels and technologies

LTIMindtree expands presence in LATAM, opens delivery centre in New Mexico

The delivery centre, inaugurated on December 14, will enable workforce transformation and localisation for LTIMindtree in the Americas

E-commerce firm Meesho says added 25,000 non-GST sellers in 2 months

Company says it is 'committed' to goal of goal of digitising 10 million sellers by 2027

Centre formally allocates Latehar coal block in Jharkhand to NLC India

This coal mine has reserves of 434.65 million tonnes and its peak rated capacity is three million tonnes per annum

Disney-Reliance merger may be beset with antitrust headaches: Experts

One key area of regulatory scrutiny for a Disney-Reliance merger would be their streaming businesses and their power over advertising during cricket