Page 1022 - Company News

SC to consider hearing Vedanta's plea on Sterlite copper unit in Tami Nadu

The Tamil Nadu government had on May 28, 2018, ordered the state pollution control board to seal and "permanently" close the mining group's plant following violent protests over pollution concerns

Godrej Properties buys 4-acre land parcel in North-West Bengaluru

The recent project by Godrej Properties is estimated to have a developable potential of approximately 0.7 million square feet of the saleable area

ICICI Venture to sell its entire 42% stake in patisserie chain Theobroma

The alternative investment arm of ICICI Bank is expecting the 20-year-old chain Theobroma to be valued at Rs 2,800 crore

The four fortunes riding on PM Modi's victory in Lok Sabha elections

Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

Vedanta Resources faces investor reckoning over $3.2 billion of bonds

Vedanta needs a green light from at least two-thirds of the bondholders in each of the three securities to proceed with the plan. A holder meeting will be held on Jan. 4

Ashok Vaswani takes charge as Kotak Mahindra Bank MD & CEO from January 1

Furthermore, C S Rajan, independent director, has assumed the office as the part-time chairman of the bank, with effect from January 1, 2024

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