Page 1221 - Company News

Tata Power arm in deal with steel maker Sanyo to set up captive solar plant

Tata Power: The solar plant is projected to produce an annual electricity of 61.875 million units and will be likely commissioned by March 2024

Tata Power Renewable Energy inks pact with SSMI to set up 28-MW solar plant

In a statement on Thursday, TPREL, an arm of Tata Power, said it has signed the Power Delivery Agreement (PDA) with SSMI through its Special Purpose Vehicle (SPV) TP Alpha Limited

Adani Group rubbishes allegations of 'opaque' funding by family's partners

Adani rejected what it called as 'recycled allegations', calling them yet another concerted bid by Soros-funded interests supported by a section of foreign media to revive meritless Hindenburg report

Adani family's partners used 'opaque' funds to invest in its stocks: OCCRP

Citing review of files from multiple tax havens, internal Adani Group emails, OCCRP said investigation found at least 2 cases where investors bought and sold Adani stock via offshore structures

J&J, Lupin cut prices for tuberculosis drug in lower-income countries

The drug will be available at lower prices through the Stop TB Partnership's Global Drug Facility, which is the largest procurer of TB treatments

BEL makes vehicle for NDRF to respond to biological, chemical disasters

This vehicle is yet another achievement in BEL's Make in India and Atmanirbhar Bharat initiatives

Apple's India revenue up 50% but still only 1.5% of its global returns

In India, 60% revenue from iPhones, versus 52% globally

Reliance Jio sends legal opinion backing satcom spectrum auction to Trai

A similar legal opinion had been sent by industry body Broadband India Forum (BIF) to Trai, arguing against satellite spectrum auction

PhonePe takes on Zerodha, Upstox, Groww, unveils stock broking platform

Walmart-owned fintech firm said what differentiates its stock broking platform 'Share.Market' is that it elevates discount broking by combining research, convenience and technology

JSW group keen to launch car in EV segment at Rs 15-20 lakh price tag

In talks with several Chinese players for tech partnership; in race to buy stake in MG Motor

SAT 'not satisfied' with Sebi order in Zee matter, seeks regulator's reply

Tribunal hears Punit Goenka's appeal, to hear case for final decision on Sept 8

Google to roll out SGE in India for genAI-enabled search on Chrome

With breakthroughs in generative AI, Google is relooking at new applications for search engines

NCLT reserves order on Torrent Investent's plea against lenders on bidding

NCLT on February 2, allowed Torrent Investments' plea challenging bankers' decision to hold a fresh round of auction for the takeover of Reliance Capital

India's record dry August may push domestic FMCG sector in slow lane

Rural demand had just started to move back into positive territory after being under pressure for over a year

ChatGPT for enterprise is an opportunity for IT sector, say analysts

ChatGPT, launched just nine months ago, has seen teams adopt it in over 80 per cent of Fortune 500 companies, said the company on its website regarding the enterprise offering

MediBuddy raises $18mn in additional funding, to grow via acquisitions

A substantial portion of these funds will be meticulously channelled into strategic acquisitions and fortifying its existing offerings

Software firm Hexaware announces 100-120% variable pay to all employees

Despite the prevailing economic volatility where companies have put hiring on hold, Hexaware has committed to on-board around 6,000 experienced professionals this year

PhonePe expects to achieve operational profit by 2025: CEO Sameer Nigam

Without sharing financial numbers, he said that the company is on track to achieve EBITDA break even as its revenue is rising and losses are reducing

DGCA suspends Air India's simulator facilities in Mumbai, Hyderabad

If pilot licenses and certificates lapse, A-I's international and domestic flights could get impacted

Sales growth of listed private non-financial cos moderates to 2.1% in Q1

The combined sales figures of 1,712 listed private manufacturing companies exhibited a relatively stable trend compared to the same period in the previous financial year