Page 1203 - Company News

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

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.

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

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

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

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

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%

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

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

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

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

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

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

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).

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

Securities Appellate Tribunal defers Zee-Sebi matter to September 13

The confirmatory order passed by Sebi chief Madhabi Puri Buch barred Goenka from holding any key managerial positions in the Zee group of companies

Go First lenders likely to extend deadline seeking investor interest

The resolution professional for the company, which operated the Go First carrier, had in July invited investor interest on behalf of creditors after the airline filed for insolvency in May

Will take a shot at bourses after 3-4 quarters of profit: MobiKwik

Taku said that the company plans on tapping into new investments if it is working on a new product or an inorganic play that requires capital

ICICI Bank gets RBI nod to make I-Process Services wholly-owned subsidiary

The bank has received approval from the Reserve Bank of India for making iProcess its wholly-owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing