Page 1053 - Company News

LIC to infuse Rs 25 crore into its subsidiary LIC MF Asset Management

LIC MF ranks 23rd among fund houses in terms of assets under management (AUM). In the September 2023 quarter, the fund house's average AUM was Rs 24,257 crore

EPFO invested Rs 27,105 crore in exchange trade funds in Apr-Oct: Govt

EPFO had invested Rs 53,081 crore in the ETFs during the fiscal 2022-23, higher than Rs 43,568 crore in 2021-22, Minister of State for Labour and Employment Rameshwar Teli said

Over 7,700 cos voluntarily exited biz since setting up C-PACE: Govt

In a separate written reply, Singh said the CSR-related disclosures are filed by the companies in the MCA 21 portal

Mahindra to launch XUV300 facelift next year, to also get EV version

The XUV300 EV will be placed below the on-sale XUV400, which is a fairly large vehicle at 4200 mm when compared to the XUV300, an under 4-metre car

Tata Power ties up with Indian Oil to set up over 500 EV charging stations

IOCL said it is aiming to provide 10,000 EV charging stations in India by 2024 transforming the retail network to complete energy solutions outlets

JSW Steel reports 11% rise in consolidated crude steel production in Nov

JSW's consolidated crude steel production was at 1.94 MT in the same month last year

Zydus, Daewoong collaborate to co-develop, market Leuprolide Acetate

Daewoong will leverage its proprietary technology to produce Leuprolide Acetate for Depot Suspension in its manufacturing facilities located in Osong, South Korea

Toys 'R' Us to start manufacturing in India by mid next year: Report

Business Standard on Monday reported that the company expects India to be among its top five in the next four to five years

Boost to Make in India: Apple way ahead of PLI scheme commitments

Achieves 81% of target for assembling iPhones in FY24

ToysRus expects Indian market to be among the top 5 in next 4-5 years

Prior to the BIS norms, India heavily relied on imports from China for these toys

Tata Motors to hike commercial vehicle prices by up to 3% from January 1

Passenger vehicle makers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda and Audi have also announced plans to increase vehicle prices in January

AI race gets fiercer: Is Google's Gemini a giant stride or leap of faith?

Gemini is currently available only in English but support for other languages are expected to come soon

HUL's growth checkout: Navigating the low-volume aisle in Q3 FY24

Facing a 7% dip against a soaring Sensex, FMCG major's stock outlook raises caution, with investors eyeing volume recovery, pricing manoeuvres, and margin dynamics for cues

Tata Projects to raise up to Rs 750 cr via non-convertible debentures

TPL raised two subordinated NCDs of Rs 500 crore each in FY22 and FY23, which have a redemption tenure of six and half years and six years, respectively

Mortgage firm SRG Housing Finance aims to hit Rs 750 cr AUM next fiscal

During the second quarter of the current financial year, the mortgage firm recorded 20 per cent growth to Rs 5.26 crore compared to Rs 4.39 crore a year ago

Adani group to spend Rs 7 trn in capex over next ten years across verticals

Adani group has in recent years ventured into newer businesses including data centres, cement, telecom and media

Manu Ahuja, MD &CEO of Jubilant Agri and Consumer Products, passes away

Ahuja was appointed as MD and CEO in May 2018. Manu Ahuja was an alumnus of XLRI Jamshedpur and Thapar Institute of Engineering, Patiala

Sony confident for double-digit growth in India, helped by premiumisation

"FY24 is also looking very promising. We are looking forward to a growth of 15 to 20% as an overall company and of course, needless to say, profitability is also going to be good," Nayyar told PTI

USFDA pulls up Intas Pharma for manufacturing lapses at Ahmedabad plant

In a warning letter to the company's CEO and MD Nimish Chudgar, the US Food and Drug Administration (USFDA) has pointed out various manufacturing lapses at the Matoda-Sanand, Ahmedabad-based facility

Airlines can save Rs 150-180 cr by using Eastern Cross Taxiways: DIAL CEO

The Indira Gandhi International Airport (IGIA) in the national capital, operated by DIAL (Delhi International Airport Ltd), handles up to 1,500 aircraft movements daily