Page 1146 - Company News

Aramco, Siemens to sign pilot project for carbon capture and storage

Extracting carbon dioxide from the atmosphere rather than sources of emissions, the direct-air method is the costliest application of carbon capture, according to the International Energy Agency

Three bidders in race to acquire RInfra road projects for Rs 6,000 crore

The transaction will result in RInfra's consolidated debt coming down by over 40 per cent from Rs 14,500 crore as of March to around Rs 8,500 crore

Super Plastronics eyes 8% smart TV market share in next 2 yrs: CEO Marwah

"We are aiming to generate a revenue of Rs 1,200 crore in the current financial year 2023-24 and Rs 2,000 crore in the next fiscal," Marwah told PTI

DS Group to invest Rs 500 cr, add 3 hotels to its portfolio in 3 years

The Dharmpal Satyapal (DS) Group, a multi-business and FMCG corporation, is planning to add three new properties with a capex of Rs 500 crore in next 3 years, a top company executive has said

Joyalukkas to open 40 new showrooms in India, abroad in next 2 years

The company is also preparing for an IPO (initial public offering) for further expansion of its business, he said

Sun Pharma, Aurobindo recall drugs from US market due to mfg issues

As per the USFDA, a Class III recall is initiated in a "situation in which use of, or exposure to, a violative product is not likely to cause adverse health consequences"

JSP to make Angul facility India's largest single-location steel plant: MD

Currently, the capacity of the Odisha plant is being ramped up to 11.6 million tonnes per annum (MTPA) from the existing 5.6 MTPA, Jha told PTI in an interaction

Essar's Black Box expands footprints in India to serve local customers

The ongoing digitisation initiative of the government and the strong demand for data centres are areas the firm would evaluate, given its expertise in working with hyper-scale customers, he said

Air India cancels two Tel Aviv flights in wake of Hamas attack on Israel

According to the airline, the decision was taken considering the interests and safety of the passengers and crew

Disney in talks with Gautam Adani, Sun TV to sell its India assets

Disney is likely getting a boost as marquee global brands line up to tap India's massive consumer base, with advertising slots being sold at $3,600 a second

Norris Medicines recalls toxic cough syrups, says only sold in India

Tests by India's Central Drugs Standard Control Organisation showed the medicines were contaminated either with diethylene glycol or ethylene glycol

TVS Motor, BMW commence production of first electric bike CE 02 at TN plant

The factory located about 70 kms from Bengaluru, was engaged in the production of vehicles co-developed by the two auto companies

Reliance Retail Ventures to raise Rs 4,966.80 crore from ADIA arm

This investment by ADIA will translate into an equity stake of 0.59 per cent in the company on a fully diluted basis

Great Indian Festival sale to be bigger than last year: Amazon VP

Amazon, on Friday, also launched its 'Amazon Xperience Arena' event in Delhi NCR. The subsequent editions of the event will be held in Pune, Hyderabad, Chennai, and Kolkata

TCS to consider buyback of shares in board meeting on October 11

The last instance when TCS proposed a buyback plan was in March 2022. The buyback share price was Rs 4,500 per share

Mukesh Ambani's Reliance Retail Ventures to raise $598 million from ADIA

The investment by ADIA at a valuation of $100.8 billion will translate into a stake of 0.59% in company, the retail unit of oil-to-retail conglomerate Reliance Industries said in a regulatory filing

Vedanta Resources open to changing terms of proposal to delay bond payment

Some bondholders said they wanted more cash up front than what was offered by the company, said some of the people, who asked not to be named because the discussions are confidential

JSW Energy makes short-term bets on India's power sector as demand rises

JSW Energy plans to light up the first unit of its Ind-Barath asset this month and the second by the end of FY24

Softbank sells 2.54% stake in PB Fintech; Godrej Industries shares up 20%

Shares of Godrej Industries shot up by 20 per cent on Friday following speculation that the two factions of the Godrej family have finalised the terms of separation

Prestige Group Q2 sales bookings up 2-fold to Rs 7,092 cr on strong demand

In a regulatory filing, Prestige Group informed that it has registered sales of Rs 7,092.6 crore, up by 102 per cent year-on-year