Page 1051 - Company News

'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

Fischer Group looks to triple turnover in India to Rs 600 cr in 5-7 years

The group, which clocked a turnover of around Rs 200 crore last year, will be focussing on infrastructure projects, along with sectors such as energy, industry to accelerate its growth

L&T Finance inks pact with Asian Development Bank for $125 mn funds

Out of the proceeds 40 percent of it are allocated for women borrowers, while the rest will support farmers, and MSMEs, as well as loans to purchase new two-wheeled vehicles, the release stated

L&T Finance gets $125 mn loan from ADB to support MSMEs, farmers

The funding comprises a loan of up to $125 million from ADB, and an agreement to syndicate an additional $125 million co-financing from other development partners

Power giant NTPC pays interim dividend of Rs 2,182 crore for FY24

NTPC Ltd paid the first interim dividend of Rs 2,182 crore on November 23, 2023, for the financial year 2023-24, being 22.50 per cent of the paid-up equity share capital of the company

KIOCL requests stock exchanges to waive penalties of about Rs 17 lakh

The fine levied by exchanges has no impact on the financial, operation or other activities of the company, KIOCL said in a BSE filing

Daikin to accelerate supply of domestic products, 3rd plant goes on stream

The new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India's manufacturing potential to produce for the world

Coal India's e-auction volume projected to double in second half of FY24

This represents a significant increase from the 32 million tonnes sold in the first two quarters of the year, officials said

Bank of Baroda yet to complete forensic audit on mobile app fraud: Official

On October 10, the Reserve Bank of India (RBI) banned the lender from on-boarding new customers on its mobile app after finding certain material supervisory concerns

Amazon India, WBIDC sign MoU to boost e-commerce exports from West Bengal

WBIDC will build e-commerce export hubs and set up e-commerce exports facilitation cell in key districts across West Bengal including Kolkata

Always evaluating options: IndiGo amid reports of inducting premium flights

The airline, which has a domestic market share of more than 62 per cent, is expanding its operations. It has a fleet of more than 330 aircraft, and 970 planes are on order

Defence shipyard GRSE to develop electric tugs 'E-VOLT 50' with partners

This project seeks to mitigate carbon emissions, enhance operational efficiency, and establish new benchmarks for performance and environmental sustainability

Coal India to phase out mining equipment imports in 6 years, says govt

To curb these imports and boost domestic manufacturing, CIL has devised a strategy to phase out imports gradually over the next six years

69% Indian organisations say GenAI will help in sustainability goals: Study

36% believe costs for sustainability initiatives outweigh the benefits, says Capgemini Research Institute survey

RMZ Corp aims to add $25 billion of assets by 2029 as it expands portfolio

RMZ has been operating in the office space for nearly two decades, along with involvement in retail and residential segments

XpressBees joins ONDC networks, expands services to 20,000 pin codes

XpressBees' technology-driven approach allows seamless integration with online marketplaces and retailers. This enhances the end-to-end customer experience

Amazon set to win EU's nod for its $1.4 billion iRobot acquisition: Report

The European Commission, which acts as the EU's competition watchdog, warned Amazon in July that the deal could reduce competition in robot vacuum cleaners

Lupin announces launch of world's first FDC drug for chronic lung disease

Lupin Vilfuro-G is the only FDC that uniquely combines Vilanterol, Fluticasone Furoate, and Glycopyrronium Bromide for the long-term management and treatment of moderate to severe COPD

Govt, Amazon partner to leverage 'districts as export hubs' initiative

The capacity building session will allow MSMEs to learn about imaging, digital cataloguing of their products, tax advisory amongst others

Govt plans to ask ONGC to consider $1.9 billion rights issue to fund HPCL

The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy