Page 1112 - Company News

SJVN Green collaborates with Ocean Sun for new tech in green, clean energy

This MoU shall pave way for technology transfer and cooperation amongst the two countries, it added

Tata Power arm inks pact to build 43.75 MW solar project for Mukand Ltd

The plant's primary objective is to fulfil Mukand's energy needs while promoting environment-friendly practices within their stainless-steel manufacturing operations

Sanofi loses $21 bn in market value after dropping 2025 profit target

Sanofi shares trade at a 12 month forward price-to-earnings ratio of 11, a discount to AstraZeneca's 16 and global pharma index of 17, according to LSEG data

Brokerages expect revenues to remain under pressure for Asian Paints

Motilal Oswal Research said in its report, "with input costs on the rise, the margin gains in the second half of FY24 are not expected to mirror those seen in the first half of FY24."

Axis Bank aims to augment small-ticket loans this year: MD & CEO Chaudhry

With a forward-looking approach, he said, "we have evolved our processes on a solid digital infrastructure established over the past 3 years"

IndiaMart Q2 result: Consolidated net profit at Rs 69.4 cr, revenue up 23%

The revenue from operations for Q2FY24 came in at Rs 296.96 crore, compared to Rs 240.66 crore year-on-year (y-o-y), registering a rise of 23.39 per cent

Tata Group to make iPhones in India for global market: Rajeev Chandrasekhar

Union Minister Rajeev Chandrasekhar said on Friday that the manufacture of Apple iPhones would start within two and a half years

AESL commissions green evacuation transmission project in Tamil Nadu

Adani Energy Solutions Ltd has commissioned a 2500 MW green evacuation 400kV system in Tamil Nadu in line with India's decarbonisation efforts

Ashok Leyland expects 20% revenue from exports in 5 years: Dheeraj Hinduja

The company, which is investing around Rs 1,000 crore to set up a bus manufacturing facility near Lucknow in Uttar Pradesh, expects the first vehicle to roll out within 15-18 months

Indian Overseas Bank Q2 results: Net profit rises 25% to Rs 627 crore

During the period under review, the bank's total income rose 19 per cent to Rs 6,941.5 crore compared to Rs 5,854 crore during the same quarter last fiscal

ED raids pharma firm Parabolic Drugs, promoters in money laundering probe

The action is being undertaken under the provisions of the Prevention of Money Laundering Act (PMLA)

Westlife Foodworld plunges more than 6% after Q2 net profit falls

The stock of the company tumbled 6.22 per cent to Rs 827.95 apiece on the NSE

Air India announces senior level appointments; Klaus Goersch new COO

Air India on Friday announced the appointment of Klaus Goersch as the Executive Vice President and Chief Operations Officer, as well as various other senior level appointments

HUL to cut prices of soaps, detergents to keep local competition in check

Large FMCG companies have seen their sales cut by homegrown brands in India. This is especially true for soaps, detergents, hair oil, tea, and biscuits

Ambani scions get shareholders' nod to become RIL's non-executive directors

In August, Mukesh Ambani began executing a succession plan for his energy-to-technology conglomerate, appointing his three children to the board of Reliance Industries Ltd

Suzlon secures order for 3 MW series turbines from Juniper Green Energy

Under the terms of the agreement, Suzlon will supply the wind turbines (equipment supply) and execute the project including, the erection and commissioning

Jindal India hops in with Future Enterprises bid, submits resolution plan

Only after Reliance Retail conveys its decision to Future Enterprises' creditors about its intent to either continue or walk out of the bidding process, will the bid be opened

See huge opportunity to expand in Tier-II, says Marks & Spencer India

Ritesh Mishra, managing director at M&S India, said, "Tier-II cities are of paramount importance to us, as there is still room for growth in Tier-I markets"

Ola Electric in 'giga' drive: Rs 3,200 crore to fund its EV business

The funds raised are expected to create an interim event and pave the way for an initial public offering (IPO), which may be in the range of $800 million to $1 billion

Mastercard forecasts weaker revenue growth on economic slowdown fears

"This was a disappointing quarter, in our view, as guidance fell just short of likely elevated expectations," Edward Jones analyst Logan Purk said