Page 1293 - Company News

Kotak MF to leverage active plus passive strategy with Quant Fund

This is a first such scheme from Kotak MF

CESC reports collecting 82% of electricity bills through digital payment

CESC Ltd, RP Sanjiv Goenka's flagship company, on Tuesday said it has seen a tremendous increase in digital payments, with 82 per cent of its total revenue from electricity bill

Minda Corp shares rise as company secures Rs 750 crore order from OEM

During the previous financial year, electric vehicles accounted for nearly 20 per cent of Minda Corporation's total orders.

ELGi Equipments brings all-women workforce at 2 assembly lines in TN unit

Elgi Equipments Ltd, manufacturer of air compressors, has introduced assembly lines at its unit in Tamil Nadu entirely operated by women workforce, the company said on Tuesday.

Tata group may acquire Wistron's $600-mn iPhone factory by August

The Tatas already have tied up with Apple vendors to manufacture iPhone enclosures, which account for 9-12 per cent of the cost of production of an iPhone

Kalpataru Projects International arm completes 100% acquisition of Fasttel

Kalpataru Projects International arm Kalpataru Power Do Brasil Participaes Ltda. (KPBPL) has completed the acquisition of 100 per cent equity stake in Fasttel Engenharia S.A., Brazil

Gautam Adani mulls bidding for Anil Ambani's bankrupt coal plants

Ambani's Reliance Power Ltd. is also considering making an offer for the asset in an attempt to win back control of the firm, said sources

SC adjourns Adani-Hindenburg case to Aug 14, the Sebi probe deadline

Senior Advocate Prashant Bhushan, who represents one of the petitioners in the case, says no chance of Sebi proceeding anywhere with probe as "They have done things fatal to the investigation"

Usha Martin arm Espana incorporates wholly owned subsidiary in Spain

Usha Martin International Limited (UMIL) has incorporated a wholly-owned subsidiary, Usha Martin Espana, SL, in Spain.

Apple iPhone exports hit top gear, touch Rs 20,000 crore in first quarter

This is half of what it exported in the entire FY23

Govt floats tender to set up 450,000 tonne green hydrogen facility

Solar Energy Corporation of India (SECI) has floated a tender for setting up a production facility of 4.5 lakh tonne of green hydrogen in India under the Strategic Interventions scheme

Lupin gets USFDA establishment inspection report for Pithampur facility

Drug firm Lupin on Tuesday said it has received an Establishment Inspection Report from the US health regulator for its Pithampur Unit-2 manufacturing facility.

Temasek Holdings Pte posts worst return in 7 years as markets slump

Temasek's Chief Executive Officer Dilhan Pillay highlighted risks ranging from economic decoupling to protectionism and costs tied to energy security and transition

Fresh legal battle brews between Dish TV and lenders on board recast

Lenders, who own a majority stake in the company, have called for removal of the existing two-member board of S Aggarwal and Rashmi Aggarwal

Carbon maker PCBL Q1 consolidated net profit down 15% to Rs 109 crore

Carbon maker PCBL Ltd's consolidated net profit for the first quarter ended June 2023 of the current fiscal was down 15 per cent to Rs 109 crore

DGCA puts SpiceJet under 'enhanced surveillance'; airline refutes reports

Aviation watchdog DGCA has put SpiceJet under "enhanced surveillance" amid the budget airline facing multiple financial headwinds in recent months, a senior official said on Tuesday

South Eastern Coalfields plans Rs 1,218 cr investment for solar projects

As part of its net zero commitments, Chhattisgarh-based mining company SECL has lined up an investment of Rs 1,218 crore spread up to financial year 2025-26 for setting up solar projects

Share of top-end cars in Mercedes' India sales nearly 2x in 5 years

One in four cars sold by Mercedes in India in H1 2023 is priced above Rs 1.5 cr

Fictiv formalises investment in India as its third manufacturing hub

Digital manufacturing company Fictiv, backed by billionaire investor Bill Gates and tech-cum-manufacturing major Honeywell Tuesday announced the opening of its India-based headquarters in Bengaluru

Parineeti-backed Clensta raises Rs 75 cr from TradeCred, UAE Royal Family

Personal care startup Clensta International has raised Rs 75 crore in a funding round led by TradeCred and the Royal Family from UAE, the company said on Tuesday