Page 1162 - Company News

MEIL secures Rs 5,400 crore crude oil refinery project in Mongolia

"MEIL has clinched a significant deal in Mongolia. The company received a Letter of Agreement (LOA) for constructing a state-of-the-art crude oil refinery plant valued at $648 mn,'' the company said

Lupin gets EIR Status from US FDA for Nagpur Unit-1 manufacturing facility

The EIR was issued following the facility's inspection conducted in July 2023

Wave Group to invest Rs 100 crore to expand film exhibition business

Wave Group has businesses across verticals such as commercial and residential real estate, malls and multiplexes, residential township & land development, etc

Magicpin partners NCCF, ONDC to sell groceries at low price in Delhi-NCR

Under the new arrangement, magicpin has started sale of Chana Dal at Rs 120 per kg and onions at Rs 50 per 2 kg, catering to more than 100 pin code areas in the National Capital Region (NCR)

Hyderabad-based Megha Engineering gets $648 mn contract in Mongolia

Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG

Hindustan Zinc plans to create separate entities for its commodities

Hindustan Zinc Ltd said in a statement that it would create different legal entities for its zinc & lead, silver, and recycling businesses

Jalan Kalrock Consortium infuses Rs 100 crore in cash-strapped Jet Airways

JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days

Sony India says merger with Zee Ent likely delayed, to take few more months

(Reuters) -Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which was due to be completed by end-September, would likely take a few more months.

DHL Express to hike prices for parcel deliveries by 6.9% from next year

Prices are adjusted on an annual basis, taking into consideration various factors, including inflation, DHL Express said

Genpact integrates GenAI in financial crime analysis to save time and costs

Genpact said it was the first company to provide a financial crime GenAI solution on Amazon Bedrock

Adani partnership remains steadfast: IHC on Adani units' stake sale

IHC said that it continually strives to enhance shareholder value and additional information about the transaction will be included in its quarterly financial disclosure

Air India completes acquisition of its 1st A350 aircraft through GIFT City

Tata Group-owned Air India, which has embarked on an ambitious transformation plan, expects the first A350-900 aircraft to arrive in India by the end of this year

Startups form 40-member task force to take on Google Play Billing System

Google will soon make a presentation before the task force and it will then decide the further course of action

Godrej Properties buys 109-acre land in Nagpur, to launch residential plots

In a regulatory filing, Godrej Properties informed that the development on this land will comprise primarily plotted residential units and will offer an estimated saleable area of 2.2 million sq ft

Satcom gets a stronger player as OneWeb, Eutelsat Communications join hands

Bharti Enterprises Chairman Sunil Bharti Mittal will be the co-chair of the new entity while Shravin Bharti Mittal will be a director on the board of Eutelsat Group and Bharti's lead

Anil Agarwal's Vedanta Resources readies ground for spinoff to tackle debt

As recently as last month, Anil Agarwal in a message to shareholders indicated plans to explore the creation of independent entities for some or all of Vedanta's businesses

Mubadala in talks with Temasek for stake buy in Manipal Hospitals

The fund is holding talks with Singapore's Temasek, which spent $2 billion in April to raise its stake in Manipal to 59% from 18% in the biggest hospital sector deal in India

Accenture forecasts first-quarter revenue below Wall Street estimates

Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand

Tata Steel inks pact with IOCL to further reduce carbon footprint

The agreement encompasses LPG supply, installation of LPG facilities, and the operation and maintenance of the same at the company's Ferro Alloys Plants in Gopalpur of Ganjam

Tata Consultancy Services retains top spot as most valuable Indian brand

India's top 75 brands have a combined brand value of $379 billion, a decline of 4 per cent from 2022