Page 1035 - Company News

Cochin Shipyard, Defence ministry sign Rs 488 cr contract for ship repairs

Cochin Shipyard Limited signed a Rs 488.25 crore contract with the Defence ministry for repair and maintenance of equipment onboard naval vessels

HDFC bank raises Rs 7,425 crore through infrastructure bond issue

The bank issued and allotted on Wednesday on a private placement basis 7.71 per cent unsecured, redeemable, long-term, fully paid up, non-convertible bonds in the nature of debentures, HDFC Bank said

Smartphone maker Vivo India reports net profit of Rs 211 crore in FY23

Vivo India has reported profits at a time when the overall smartphone industry has seen a 10% decline in shipments

TVS Motor says aiming for bigger market share in premium motorbike segment

Two and three-wheeler manufacturer TVS Motor is now exporting its two-wheelers across all categories to around 55 countries with a global sales volume of one million annually, an official said

Mahindra Logistics to sell its entire 39.79% stake in associate firm TLPL

Mahindra Logistics Ltd is an integrated third-party logistics service provider, specialising in supply chain management and enterprise mobility

Welspun One to invest Rs 700 crore in infra at Jawaharlal Nehru Port's SEZ

The development of a 1.2-million square feet industrial and logistics hub spread across 55 acres at JNPA SEZ signifies a paradigm shift in India's infrastructure sector, Welspun One said

Amnesty FCRA 'violations' probe: CBI files supplementary charge sheet

The agency filed the charge sheet nearly 23 months after the first report against Amnesty International India Pvt Ltd (AIIPL) and Patel, registered on January 7, 2022, in a special court her

Ford India keeps comeback plans open, reassessing Chennai plant's future

Companies such as Ola Electric, Hyundai Motor India, Tata Motors, and MG Motor also engaged in multiple rounds of discussions with Ford India's management over the last two years

Uday A Kaole appointed chairman-cum-managing director of Coal India arm MCL

Uday A Kaole has a long experience of working in challenging underground coal mines operations, as well as in the opencast mines, MCL said in a statement

Adani Green Energy announces incorporation of subsidiary Arasan Infra Two

Earlier on December 18, Adani Green had announced the incorporation of four step-down subsidiaries

ICICI Bank faces Rs 7.47 cr GST demand from Maharashtra department

The demand is based on the disallowance of input tax credit claimed, as per the GST audit conducted by the Maharashtra GST Department

Air India Express to operate its inaugural flight to Ayodhya on Dec 30

The Maryada Purushottam Shri Ram International Airport at Ayodhya has an extended runway suitable for A-321/B-737 type aircraft operations

At Rs 3.79 trn, PSU capex hits 52% of budget target by September end

Capital expenditure by central public sector enterprises touched about 52 per cent of the Budget target at Rs 3.79 lakh crore in the first half of current fiscal, the finance ministry said

Paytm's billionaire founder-CEO bets on young wealth to hit profit sooner

Billionaire founder-CEO Vijay Shekhar Sharma is overhauling its suite of money management products to better tap growing wealth among younger users, who're warmer to the idea of investing online

Air India borrows $120 million from Japan's SMBC to buy Airbus plane

Japanese lender SMBC on Wednesday said the Tata Group-owned Air India has borrowed $120 million from it for purchasing a wide-body aircraft from Airbus

Netherlands Tata Steel plant forces choice between public health or economy

Locals have voiced concerns about the factory's pollution for decades. However, it was only in September that the Dutch national public health agency first established a direct link

Ford Motor cancels deal to sell its Tamil Nadu plant to JSW Group

The JSW Group had finalised an agreement to buy the Ford plant for around $100 million, but Ford called off the deal as it is no longer looking to sell the factory

Reliance Industries pays Rs 254 crore license fee to Metro to use its name

Metro AG clarified in its latest annual report that the payment is part of the transitional services and licences provided by Metro AG

HCLTech hit by ransomware attack, IT major says investigation underway

This comes days after HCL Tech crossed the market capitalisation of Rs 4 trillion on the Indian stock exchanges

Toshiba delisted from Tokyo exchange after 74 yrs; future with new owners

The conglomerate is being taken private by a group of investors led by private equity firm Japan Industrial Partners(JIP)