Page 1050 - Company News

Barclays working on $1.25 bn cost plan, could cut up to 2,000 jobs: Report

"This will be viewed as a net positive for investors, but we now need to see more detail on how long the benefits will take to appear," he said

Indian Oil to double Ennore LNG terminal's capacity to 10 mn metric tpy

Jain said IOC hopes to boost local sales of gas to 20 million tpy by 2030, a substantial increase from the current 6.3 million tpy

IndusInd Bank to allow CNG bill payments through CBDC in Delhi-NCR

The users will also be allowed to scan any UPI QR using their digital Rupee app across all IGL stations in the region

Apple threat notification probe: Company's technical experts to visit India

Centre earlier announced that it has sent a notice to Apple regarding the threat notification received by several members of Parliament

Suzuki Motor's stake in Maruti Suzuki to rise to 58.19% from 56.48%

The board of Maruti Suzuki approved the allotment of 12,322,514 equity shares to Suzuki having a face value of Rs 5 each at a price of Rs 10,420.85 per equity share

Tesla may invest $2 billion for manufacturing in India but with conditions

Tesla is also likely to commit 20% localisation in its Made in India cars in the first two years and it may increase to 40% in four years

Deals and discounts make a comeback as Black Friday sale catches on

The flagship e-commerce initiatives of the Tata Group-Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette are hosting their annual and much-anticipated Black Friday Sale

Germany-based Fischer aims to treble India catch in next 5-7 years

In the last three years, its India business had clocked a compound annual growth rate (CAGR) of nearly 41 per cent, nearly trebling its business size to over Rs 200 crore

Probing data breach claim, no current security issue detected: Tata's IHCL

According to a media report, there has been a personal data breach of 15 lakh users from the Taj Hotel database, which is available on the dark web for purchase at $5,000

Record 518 million Indian viewers watched cricket World Cup on TV: Disney

Disney had bought digital and streaming rights to show the International Cricket Council's tournaments in India from 2024 to 2027 by paying around $3 billion

Adani Group net profit up 107% in first half of FY24 but sales slow down

Capex at Rs 20,000 cr as ports-to-airports conglomerate grows after controversy over Hindenburg Research's report

NCLT extends insolvency process of grounded airline Go First by 90 days

The tribunal has also asked the resolution professional (RP) of the airline to submit a 90-day action plan

Go First lenders to vote on liquidation amid lack of suitors: Report

The proposal whether or not to liquidate the airline has been floated and with individual lenders will take the proposal to their boards and submit final votes in 10-15 days, the report said

Centre plans to ask ONGC to consider rights issue to fund HPCL: Report

The comments come after India's finance minister announced a plan this year to provide equity of $3.6 billion to help the big state oil refiners move towards cleaner energy

Stars align for astrotech: Astro startups' revenues get festival fillip

Despite an apparent dip in investments, several firms have reportedly been in talks to raise fresh capital this festival season

Pandemic a blessing in disguise for astrotech companies, shows data

Only five astrotech companies were founded in 2013. In 2018, 23 more online astrology startups were founded

Sundaram Home Finance to double SBL branches, to set foot in Telangana

Telangana will be the company's first expansion outside Tamil Nadu in the SBL segment

JSW Steel completes Rs 750 cr investment in JSW Paints to fuel expansion

In a regulatory filing, JSW Steel said it has completed the last tranche of investment of around Rs 75 crore in JSW Paints on Wednesday

L&T Finance to trim bank borrowing to whittle spike in cost of funds

L&T Finance expects its cost of funds to marginally rise by 12-14 basis points due to the recent RBI action related to unsecured credit, and also plans to reduce borrowings from banks

'Volvo India aims to have 50% vehicles to run on non-fossil fuel by 2030'

Volvo Group President and Managing Director in India Kamal Bali said that the company has set a target to become net zero in terms of carbon emission by 2040