Page 1214 - Company News

Birla Corp plans expansion, eyes 25 million tonnes capacity by FY26

Birla Corporation's consolidated capacity stands at around 20 mt after commissioning of the 3.9 mt greenfield plant at Mukutban in Maharashtra at the beginning of FY23

Patel Engineering JV bags Rs 1,275 crore project in Madhya Pradesh

The contract was awarded by Madhya Pradesh Jal Nigam, Patel Engineering said, adding its share in the JV project is Rs 446.36 crore

AP, SBI ink deal to upgrade, establish 7,500 micro food processing units

This agreement will be executed in the ongoing 2023-24 fiscal under the Prime Minister Formalisation of Micro Food Processing Enterprises (PMFME) scheme

Anicut Equity Fund secured an investment of Rs 50 crore from SIDBI

The FFS is a Rs 10,000 crore initiative launched under the Startup India Initiative of the government in January 2015

Air India to induct two A350 planes this year that have received DGCA

Steered by the Tata Group, the loss-making Air India is expanding its fleet as well as operations. In February, the carrier placed an order for 470 aircraft, including 40 A350-900/1000 planes

Go First cancels all flights till Sep 10 due to operational reasons

The company assured that the bookings will resume shortly as they have filed an application for immediate resolution

Zoho surpasses 100 million users across over 55 business applications

Zoho has added at least 50 million users. Its user base has grown from 1 million users in 2008 to 100 million in 2023

Indian Bank collaborates with IBM to deploy new front-end banking apps

The city-headquartered bank wanted to consolidate its front branch servers for better manageability and availability at Data Centres

USA's PowerSchool acquires Indian edtech firm Neverskip for undisclosed sum

The deal will lead to the two companies creating a unified technology platform for school operations

Volvo Car India expects 'good' festival season for domestic auto industry

A top executive of Volvo Car India has said that price parity is being slowly seen between electric cars and ICE (Internal Combustion Engine) cars

SoftBank's Arm aims for over $52 bn valuation in biggest US IPO of the year

SoftBank is offering 95.5 million American depository shares of the Cambridge, United Kingdom-based company for $47 to $51 apiece and aims to raise up to $4.87 billion at the top of the range

Centre sets Rs 4,350 cr as target for IREDA in operating revenues

In the previous financial year, Indian Renewable Energy Development Agency (IREDA) managed to achieve revenue from operations of Rs 3,482 crore, surpassing the target of Rs 3,361 crore

Pepperfry elevates Ashish Shah as CEO after demise of Ambareesh Murty

The company has also secured $23 million to strengthen its ability to cater to the evolving needs of its over 10 million and increasing customer base

Reliance General Insurance, OLA Electric to enhance 2W customer experience

Under this alliance, both companies will aim to transform the total ownership of OLA customers

Coherent Corp picks Chennai for its global centre of excellence in India

The company manufactures optical materials and semiconductors, has research facilities in more than 20 countries

IIM-Calcutta director resigns; second to do so in 2 years: Report

Uttam Sarkar is understood to have cited 'personal reasons' for his resignation

CBI arrests GAIL Exec Director KB Singh in Rs 50 lakh bribery case

Along with Executive Director (Projects) K B Singh of GAIL, four others have also been arrested, including Director of Vadodara-based Advance Infrastructures Surender Kumar, said officials

Novo Nordisk is Europe's most valuable firm after launching obesity drug

The company's share price closed up 0.7 per cent to DKK 1,311 ($190), giving the company a market capitalisation of $428 billion

India raised stature of G20, say Maruti Suzuki's chairman RC Bhargava

No other nation has taken the opportunity like India did to showcase its development, raise the profile of the country and also to use the G20 platform to make a lot of changes

Reliance Jio turns seven: Here is a look at the latest tariff vouchers

The telecom operator launched a number of extra data and special vouchers for their customers