Page 1178 - Company News
No damage to farmers, fishermen from oil spill near Uran in Mumbai: ONGC
State-owned Oil and Natural Gas Corporation (ONGC) on Sunday said there was no damage to either farmers or fishermen due to last week's minor oil spill near Uran in Mumbai.
 "No damage to farmers, fishermen from oil spill near Uran in Mumbai: ONGC")
Balrampur Chini Mills is expecting 20% higher revenues in FY24: CFO
Sugar prices are on a high with a fall in production primarily due to unseasonal showers in key growing areas of Maharashtra and Karnataka in March
 "Balrampur Chini Mills is expecting 20% higher revenues in FY24: CFO")
Europe, partners should develop global framework for AI: EU Commission Prez
European Commission President Ursula von der Leyen on Sunday said Europe and its partners should develop a new global framework for artificial intelligence risks
 "Europe, partners should develop global framework for AI: EU Commission Prez")
Glenmark eyes double-digit revenue growth; to focus on debt reduction
In FY23, the company's consolidated revenue from operations stood at Rs 12,990 cr, up from Rs 12,305 cr in FY22
 "Glenmark eyes double-digit revenue growth; to focus on debt reduction")
ATIS' Next G Alliance, Bharat 6G Alliance ink MoU to explore collaboration
The work will encompass aligning research and development priorities that support a common 6G vision and creating secure and trusted telecommunications as well as resilient supply chains
 "ATIS' Next G Alliance, Bharat 6G Alliance ink MoU to explore collaboration")
REC signs pact with PFC committing stronger revenue in FY24, FY25
REC has signed an initial pact with PFC committing higher revenue from operations in FY24 and FY25, its CMD Vivek Kumar Dewangan said on Saturday.
 "REC signs pact with PFC committing stronger revenue in FY24, FY25")
Strides Pharma gets USFDA approval for generic Sevelamer Carbonate
The product is bioequivalent and therapeutically equivalent to the reference listed drug Renvela for Oral Suspension, 0.8g and 2.4g of Genzyme, the company said
 "Strides Pharma gets USFDA approval for generic Sevelamer Carbonate")
Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept
The Commissioner of Income-tax (Appeals), Mumbai, passed orders received by the company on September 07, 2023 deciding the appeals against the company
 "Tata Comm moves ITAT against Rs 228.49 cr TDS order by Income Tax Dept")
GST dept imposes Rs 2.64 lakh fine on Pidilite on input tax credit issue
The order has been passed with regard to disallowance of input tax credit (ITC) in the state of Maharashtra for CIPY, a company which has been merged with Pidilite Industries on April 1, 2022
 "GST dept imposes Rs 2.64 lakh fine on Pidilite on input tax credit issue")
Reliance Retail total debt up 73%; RRVL expected to continue pumping money
Reliance Retail Limited's debt-to-equity ratio increased from 1.35 in FY22 to 1.91 in FY23
 "Reliance Retail total debt up 73%; RRVL expected to continue pumping money")
Promoters acquired 2.06% more stake in Adani Ent between Aug 21 and Sept 7
With this, the total promoter holding in Adani Group's flagship firm has now risen to 71.93%
 "Promoters acquired 2.06% more stake in Adani Ent between Aug 21 and Sept 7")
VI pays 50% of spectrum usage, licence charges; struggles to raise funds
Vodafone Idea has found it difficult to raise funds in the past two years which has hurt its ability to expand its 4G network and begin the 5G rollout
 "VI pays 50% of spectrum usage, licence charges; struggles to raise funds")
Reliance Industries, Tata group partner Nvidia for India AI infrastructure
TCS will utilise the AI infrastructure and capabilities to build and process generative AI applications
 "Reliance Industries, Tata group partner Nvidia for India AI infrastructure")
Adani forms JV with Kowa Holdings for green ammonia, H2 marketing
Adani Group's earlier stated timeline to start green hydrogen generation is the end of the calendar year 2025 or the start of 2026
 "Adani forms JV with Kowa Holdings for green ammonia, H2 marketing")
Natco Pharma, Celgene Corp, others sued in US for generic cancer drug
Natco Pharma on Friday said the company and other drug makers have been named defendants in an antitrust lawsuit regarding a generic cancer treatment drug in the US.
Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer
Senior executive will be in charge of company's supply chain and consumer management in new role
 "Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer")
RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO
On 2 September, the lender said Gupta has been appointed as interim managing director and chief executive officer after Uday Kotak stepped down, four months before his current term
 "RBI approves Gupta's appointment as interim Kotak Mahindra Bank MD & CEO")
Oil India plans to invest $2 billion in projects, aims net zero by 2040
State-run energy companies - Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp, GAIL (India) Ltd, Oil and Natural Gas Corp have already announced their net zero goal
 "Oil India plans to invest $2 billion in projects, aims net zero by 2040")
Tata Electronics plans to raise Rs 500 crore loan for Tamil Nadu unit
The cost of Tata Electronics' unit expansion is pegged at Rs 3,400 crore, the capacity expansion is expected to be complete in the current financial year (FY24).
 "Tata Electronics plans to raise Rs 500 crore loan for Tamil Nadu unit")
India could be the world's largest AI exporter: Nvidia CEO Jensen Huang
The company is betting big on the startup ecosystem and is working with 15,000 startups globally, including in India, to partner on AI projects
 "India could be the world's largest AI exporter: Nvidia CEO Jensen Huang")