Page 1186 - Company News

COAI DG makes case for profit-sharing, says OTT using 5G without paying

Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks

Yatra Online mobilises Rs 348 cr from anchor investors ahead of IPO

Online travel company Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors ahead of its Rs 775-crore initial public offering (IPO)

G20 Sustainable Finance Working Group aims to mobilise sustainable finance

To ensure global growth and stability, the G20 Sustainable Finance Working Group (SFWG) has proposed to mobilise sustainable finance to promote the transition

Jet Airways founder Goyal sent to 14-day custody in bank fraud case

The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office here

Cognizant liable to pay dividend distribution tax on shares buyback: ITAT

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has dismissed an appeal of Cognizant Technology Solutions India and ruled that the company is liable to pay DDT on buyback of Rs 19,000 cr

Vedanta hires former Gold Fields CEO Griffith to run copper, zinc mines

Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold

DGCA takes up matters with P&W regarding problems in IndiGo plane engines

"It was noted that the engines involved in all the three incidents had done more than 3,000 hours time since last shop visit (TSLSV)," it said

Axis Finance moves NCLAT against NCLT order approving Zee-Sony merger

The tribunal questioned the credibility and surety of the Sebi in completing the probes within eight months

Tatas zero in on Sanand for Rs 13,000 crore lithium ion cell plant

Sanand came into the limelight in 2008 when Tata decided to move its greenfield Nano plant there from Singur in West Bengal after facing opposition from chief minister Mamata Banerjee

FSSAI introduces Hindi version of FoSCoS portal to enhance user experience

The Food Safety and Standards Authority of India (FSSAI) has taken a significant leap towards enhancing user experience

SAP Labs India to double artificial intelligence talent base by next year

SAP Labs India, which marks its 25th anniversary this year, is a critical location for the German software giant's AI transformation, enabling its half a million customers with Business AI

Colt Data Centre lines up Rs 6.2K cr for Mumbai, Chennai units in 5 years

Based in Navi Mumbai, the new data centre sits on a land parcel of 15 acres and is capable of supporting 120 Megawatts (MW) of IT power capacity

BAE Systems partners L&T to build BvS10 all-terrain vehicle in India

The BvS10 will participate in Indian Army trials starting in September 2023

RBI releases list of 15 NBFCs in upper layer under scale based regulations

All deposit-taking NBFCs and non-deposit-taking NBFCs with an asset size over Rs 1,000 crore are in the middle layer

Taking corrective actions at Goa unit; stopped Digene production: Abbott

Drug maker Abbott on Thursday said it is implementing corrective actions at its Goa-based facility from where it had produced antacid Digene Gel that was recalled

Strides Pharma arm gets USFDA tentative nod for generic HIV treatment drug

Strides Pharma Science Ltd on Thursday said its wholly-owned subsidiary Strides Pharma Global Pte Ltd, Singapore, has received tentative approval from the US health regulator

Agilitas Sports to buy sports footwear manufacturer Mochiko Shoes

Agilitas Sports, co-founded by former Puma India & South East Asia MD Abhishek Ganguly, on Thursday announced it will acquire Mochiko Shoes for an undisclosed amount

Oil India targets 3.8 mn tonnes of oil production in FY24: CMD Ranjit Rath

Company will drill 60-plus wells in FY24 in Assam and Arunachal Pradesh, up from 45 in FY23

Aluminium sector surging but hampered by labour shortages: Hindalco

India is already the world's second biggest aluminium producer and third biggest consumer, with demand set to double over the next decade, Nilesh Koul, an executive with Hindalco Industries

State-owned LIC presents dividend cheque of Rs 1,831 crore to FM Sitharaman

Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian life insurance market, the company said