Page 1090 - Company News
Gensol Engineering's first electric vehicle to roll out by January 2024
3W, 2-seater Reverse Troika to be introduced in the BluSmart fleet
 "Gensol Engineering's first electric vehicle to roll out by January 2024")
DRI conducts search operation at Havells India corporate office in Noida
The search was conducted over "alleged mis-classification in import of Heating Element," the company said
 "DRI conducts search operation at Havells India corporate office in Noida")
In IBC, no automatic secured creditor tag for govt's statutory dues
The Ministry of Corporate Affairs (MCA) would consider issuing this as a clarification, if needed, following the recent Supreme Court (SC) judgment in the Rainbow Papers case, the senior official said
 "In IBC, no automatic secured creditor tag for govt's statutory dues")
Vedanta confident of meeting $2.2 billion debt obligations before March-end
According to the company executives, debt worth Rs 4,200 crore is up for repayment at Vedanta Ltd level in the current quarter, and another Rs 5,500 crore is due in the fourth quarter
 "Vedanta confident of meeting $2.2 billion debt obligations before March-end")
Gupta coal mine and terminal to be retained by SA govt after court decision
The Guptas are alleged to have stolen billions of rands from several government and parastatal institutions, allegedly through their closeness to former president Jacob Zuma
 "Gupta coal mine and terminal to be retained by SA govt after court decision")
Tyre demand to remain robust amid positive environment: JK Tyre CMD
Elaborating on some positive factors, Singhania said freight availability remains consistent, helping the commercial vehicle segment
 "Tyre demand to remain robust amid positive environment: JK Tyre CMD")
Govt's registration requirement for laptop imports a boon for us: Primebook
Mahant said Primebook's four ranges of laptops are made in India
 "Govt's registration requirement for laptop imports a boon for us: Primebook")
Macrotech adds 7 land parcels in H1 to build Rs 14,300 cr housing projects
Out of seven, six land parcels have been added in the Mumbai Metropolitan Region (MMR) and the one in Bengaluru has a sales potential of Rs 800 crore
 "Macrotech adds 7 land parcels in H1 to build Rs 14,300 cr housing projects")
Tata Steel seeks financial aid for Netherlands unit; to submit proposal
In October 2021, Tata Steel completed the process of separating Tata Steel UK and Tata Steel Netherlands as two independent companies from Tata Steel Europe
 "Tata Steel seeks financial aid for Netherlands unit; to submit proposal")
Marico expects revenue growth to come back in H2, says MD & CEO Gupta
In the next two quarters, revenue growth of the company would be in line with volume growth, Gupta told PTI
 "Marico expects revenue growth to come back in H2, says MD & CEO Gupta")
Maruti to boost flexibility in mfg to roll out vehicles as per mkt demand
Maruti Suzuki India is looking to bring in more flexibility in its production processes in order to produce vehicles as per the evolving market scenario, according to a senior company official.
 "Maruti to boost flexibility in mfg to roll out vehicles as per mkt demand")
Hyundai India set for SUVs accounting over 60% of sales in 2023: COO Garg
With exports accelerating in the last three months, the company is also confident of sustaining its overseas shipments momentum despite concerns over global geopolitical situation
 "Hyundai India set for SUVs accounting over 60% of sales in 2023: COO Garg")
Bank of Baroda's former CDO Akhil Handa says he was not terminated
Former Chief Digital Officer of Bank of Baroda counters termination claims, citing personal decision to resign following operational challenges
 "Bank of Baroda's former CDO Akhil Handa says he was not terminated")
NTPC Group's capacity reaches 73,874 MW after wind unit installation
The NTPC REL was incorporated as a wholly owned subsidiary of NTPC on October 7, 2020 to accelerate NTPC's RE capacity addition
 "NTPC Group's capacity reaches 73,874 MW after wind unit installation")
Bank of Baroda terminates key official after mobile app deficiencies
"We have taken action on a large set of people on the field," managing director and chief executive officer Debadatta Chand told reporters. He did not specify the nature of the action
 "Bank of Baroda terminates key official after mobile app deficiencies")
Uco Bank realigns growth strategy with focus on profitable lending
This shift in perspective concerning the bank's corporate loan portfolio coincides with the delayed rate cut expectations, attributed to global inflation and geopolitical uncertainties
 "Uco Bank realigns growth strategy with focus on profitable lending")
Vedanta nears deal to raise $1.25 billion funding via private loan
Representatives for Vedanta also proposed delaying payments on the dollar bonds, a plan that met with investor opposition, Bloomberg reported on Sept. 28
 "Vedanta nears deal to raise $1.25 billion funding via private loan")
Puri inaugurates ONGC-funded hospital in Assam built for Rs 483 crore
Speaking at the inauguration function, Puri said the hospital is expected to improve the healthcare services for the people of upper Assam as well as other parts of the Northeast
 "Puri inaugurates ONGC-funded hospital in Assam built for Rs 483 crore")
Tanishq opens jewellery boutique in Singapore, plans 50 stores globally
Currently, Titan has 13 boutiques in the international market and is constantly scouting for new sites to serve some 32 million global Indian diasporas
 "Tanishq opens jewellery boutique in Singapore, plans 50 stores globally")
Raymond Group to acquire 59% stake in Maini Precision for Rs 682 crore
The acquisition will be concluded through Ring Plus Aqua, a subsidiary of JK Files and Engineering
 "Raymond Group to acquire 59% stake in Maini Precision for Rs 682 crore")