Page 1257 - Company News

Amazon doubling same-day delivery facilities in push for speed: Report

The company said more than half of all orders placed by Prime subscribers in the 60 largest metropolitan areas during the most recent quarter arrived the same or next day

LIC Mutual Fund completes merger of IDBI MF to diversify offerings

As of June 2023, LIC MF had an AUM of Rs 18,400 crore, while IDBI MF had Rs 3,650 crore

Startup Exponent Energy aims to power 25,000 electric vehicles by 2025

Exponent said its energy stack together unlocks a 15-minute rapid charge, and long battery life (3,000 cycle life warranty, 3 times the industry standard) - all done on regular LFP cells for the first

upGrad announces advisory board to scale upGrad Institute in Singapore

Edtech firm upGrad on Monday announced the appointment of seven industry leaders to the advisory board of upGrad Institute, a government-approved private education institution in Singapore.

Clix Capital gets $20 mn loan for promotion of sustainable projects

The funding would be made to MSMEs, such as suppliers of solar power manufacturers or those engaged in waste management working towards the reduction of carbon emission, he added

SBI's infra bond response likely to lure lenders into tapping mkt: Bankers

Earlier in the day, the SBI accepted bids worth 100 billion rupees for 15-year bonds at a coupon of 7.54%

Honda begins production of mid-size SUV Elevate; to go on sale in September

The sale for Honda Elevate is scheduled to begin in September 2023 along with the deliveries. Pre-launch bookings for the car have already begun

Go First looking to raise more funds, resume services with fewer aircraft

Previously, Go Air planned to begin its operations with 26 aircraft by making arrangements for Rs 400-500 crore from its lenders

NCSC reviews issues related to reservation of SC employees at ONGC

Sampla also handed over the memorandum of the SC employees' association to the ONGC management

M&M takes stake in RBL Bank: What are RBI rules on ownership in pvt banks?

RBI has outlined that banks are 'special' entities as they not only accept and deploy a substantial amount of uncollateralised public funds in a fiduciary capacity but also lend this money

Essar Oil & Gas profit jumps 51% to Rs 335 cr in FY23 on higher prices

EBIDTA grew over 205 per cent on a YoY basis to about Rs 700 crore

Airtel prepays Rs 8,024 crore dues for spectrum to telecom department

The move is expected to help India's second-largest telco save on interest costs annually and improve cash flows

SAIL awards Rs 30,483 crore mine development project to Power Mech

PMPL is the consortium leader with 74 per cent equity stake and while PC Patel Infra has 26 per cent stake

Pernod Ricard eyes premium spirit market in India with local brands

The second-largest distiller in the world has already produced an Indian single malt and may be expanding its portfolio in light of growing demand

Magicpin app crashes under tomato demand, stocks sold out within 10 mins

The surge in traffic resulted after the firm announced its 'tomatoes @ Rs70' initiative

Solar Energy Corp proposes JV with Reliance to supply green energy

Solar Energy Corp, has offered oil-to-telecoms conglomerate Reliance Industries a 51% stake in a joint venture to supply renewable power to the latter's refineries and other manufacturing plants

Venus Remedies gets market authorisations for cancer drugs from 4 nations

With this, the company has secured 506 marketing approvals for its oncology products across 76 countries

NCLAT dismisses all challenges to AGI Greenpac's acquisition of HNG

In March 2023, the Competition Commission of India had granted approval to AGI Greenpac's takeover of HNG

Bajaj Auto to set up first overseas manufacturing plant in Brazil

According to Executive Director Rakesh Sharma, the proposed plant is likely to come up in Manaus Special Economic Zone in northern Brazil and commence production in the next 12 months

Foxconn to sign Rs 1,600 crore components plant deal with Tamil Nadu

The subsidiary, Foxconn Industrial Internet (FII), plans to invest Rs 1,600 crore ($194.45 million) to build a campus in Kancheepuram district