Page 1248 - Company News
Won't invest in RBL further unless it sees 'compelling value': M&M
M&M Board had approved a stake buy of up to 4.5 per cent in RBL Bank
 "Won't invest in RBL further unless it sees 'compelling value': M&M")
Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24
Contribution rose to 39% in Q1FY24 from 35.28% a year ago
 "Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24")
McLeod Russel inks deal with Carbon Resources for sale of gardens
McLeod's crop in India is about 45 million kg (mkg) across 31 estates in Assam and two in Dooars
 "McLeod Russel inks deal with Carbon Resources for sale of gardens")
L&T, Shapoorji Pallonji show interest in New Delhi station revamp
Centre tweaked work scope amid tight pockets after a failed attempt
 "L&T, Shapoorji Pallonji show interest in New Delhi station revamp")
JioPhone 2 slightly expensive than available feature phone: Airtel MD
JioPhone2 meant to target 2G user base is slightly expensive compared to other options available in the market and it is early to assess the impact on the target market
 "JioPhone 2 slightly expensive than available feature phone: Airtel MD")
Fortis Healthcare PAT falls 8.6% to Rs 122.5 cr in April-June quarter
Fortis Healthcare Ltd on Friday reported an 8.6 per cent decline in consolidated profit after tax to Rs 122.5 crore for the first quarter ended June 30
 "Fortis Healthcare PAT falls 8.6% to Rs 122.5 cr in April-June quarter")
Trai seeks views on spectrum allocation for aircraft-to-ground data comm
Telecom regulator Trai on Friday issued a supplementary consultation paper to seek stakeholders' views on provision of licence and spectrum allocation methods
 "Trai seeks views on spectrum allocation for aircraft-to-ground data comm")
India in pole-vaulting distance to oust China as world's factory: Mahindra
Mahindra suggested that doubts surrounding China's ambitions and disruptions to supply chains in the wake of Covid-19 have also worked in India's favor
 "India in pole-vaulting distance to oust China as world's factory: Mahindra")
Century Ply net profit down by 12% to Rs 84 cr in April-June quarter
Leading plywood company Century Plyboards (India) Ltd on Friday reported a 12.8 per cent decline in standalone net profit at Rs 84.1 crore for the June quarter
 "Century Ply net profit down by 12% to Rs 84 cr in April-June quarter")
Morgan Stanley reaches 70% of $1 trn of low carbon ESG funding goal
The Wall Street firm said in an ESG report this week that it has allocated $700 billion of financing, with more than $550 billion of that directed to green activities
 "Morgan Stanley reaches 70% of $1 trn of low carbon ESG funding goal")
Govt auctions 6 coal mines in seventh tranche; NLC, NTPC among winners
State-owned NLC India and NTPC along with three private players have bagged coal blocks in the seventh round of auctions which concluded with the sale of all six mines
 "Govt auctions 6 coal mines in seventh tranche; NLC, NTPC among winners")
Reliance Industries' annual general meeting of shareholders on Aug 28
India's Reliance Industries on Friday said it would hold its much-anticipated annual general meeting of shareholders on August 28
 "Reliance Industries' annual general meeting of shareholders on Aug 28")
Apple India revenue grows double digits to hit June qtr record: Tim Cook
The company posted a quarterly revenue of $81.8 billion, down 1 percent year-on-year (YoY), and quarterly earnings per diluted share of $1.26, up 5 per cent YoY
 "Apple India revenue grows double digits to hit June qtr record: Tim Cook")
Vedanta looks to refinance $3.8 bn bonds maturing between 2024-2026
Billionaire Anil Agarwal's Vedanta Resources is looking to refinance $3.8 billion worth of bonds maturing between 2024 and 2026 with loans of extended maturities
 "Vedanta looks to refinance $3.8 bn bonds maturing between 2024-2026")
Go First insolvency: NCLT directs RP to file details on recent developments
The National Company Law Tribunal (NCLT) on Friday directed the resolution professional of cash-strapped grounded airlines Go First to submit details of the subsequent developments
 "Go First insolvency: NCLT directs RP to file details on recent developments")
Biocon Biologics announces top leadership appointments including COO
Biocon Biologics Ltd on Friday announced key leadership appointments, including those of Rhonda Duffy as Chief Operating Officer (COO) and Sandeep Athalye as Chief Development Officer
 "Biocon Biologics announces top leadership appointments including COO")
SBI Mutual Fund listing off the focus, says chairman Dinesh Khara
SBI first revealed its intentions to take the mutual fund subsidiary public on December 15, 2021, with the aim of raising $1 billion
 "SBI Mutual Fund listing off the focus, says chairman Dinesh Khara")
Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad
Service had successful pilot run in Bengaluru, ensure zero cancellations: Company
 "Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad")
SJVN signs agreement with Sikkim Urja for trading of 180 MW power
State-owned SJVN Ltd has signed a trade agreement with Sikkim Urja Ltd for supply of 180 megawatt (MW) hydropower
 "SJVN signs agreement with Sikkim Urja for trading of 180 MW power")
Financial, operational turnaround of MSEDCL not achieved: CAG report
The compliance audit report of the Comptroller and Auditor General of India (CAG) for fiscal 2021 that was tabled in the Maharashtra Legislature
 "Financial, operational turnaround of MSEDCL not achieved: CAG report")