Page 1343 - Company News

Govt to invite bids for privatising NMDC after commissioning blast furnace

The government is likely to invite financial bids for privatising NMDC Steel only after the commissioning of the blast furnace at the company's steel plant in Chhattisgarh, according to officials

Tata Steel plans Rs 16,000 cr capex in FY24 for domestic, global operations

Industry giant Tata Steel is planning a consolidated capital expenditure of Rs 16,000 crore for its domestic and global operations during the current financial year, according to its top management

Patanjali Foods earmarks capex of up to Rs 1,500 cr in 5 yrs: CEO Asthana

Patanjali Foods Ltd plans to invest up to Rs 1,500 crore in the next five years on capital expenditure, mostly for scaling up its palm oil business, according to company CEO Sanjeev Asthana

OTT emerged as biggest medium, bridged geographical barriers: Anurag Thakur

Union Information and Broadcasting Anurag Thakur said OTT, which emerged as one of the biggest mediums during the Covid-19 time, has bridged the geographical barriers

Adani Ent likely to challenge IRCTC's monopoly in online ticket booking biz

The company in a BSE filing said that the share purchase agreement has been signed for a 100 per cent acquisition in the Stark Enterprises, which is an online train booking and information platform

Skipper bags power transmission project orders worth Rs 1,135 crore

Skipper Ltd said it has secured cumulative orders worth Rs 1,135 cr for design, supply, and construction of new transmission line projects for Powergrid Corporation of India

Indian talent, innovation behind Google products globally: Top official

He said across the board, there is an ecosystem that exists in India that is driving forward the country's presence in the global digital network

CBI books 21 senior BSNL officials for graft; searches 25 locations

CBI alleged that the accused officials entered into a conspiracy with a contractor to cheat the BSNL

Fluctuations in airfares likely to continue, says IndiGo CEO Pieter Elbers

Airfares in India shot up last month as the demand for travel increased and simultaneously half of Go First's fleet was grounded due to a disruption in the supply of Pratt & Whitney jet engines

CDPQ divests 0.89% stake in Piramal Pharma via open market transaction

SmallCap World Fund Inc sold 7,08,978 shares, amounting to a 0.90 per cent stake in Aavas Financiers Ltd, as per the data available with the NSE

Intel, Micron plans to spend billions on new chip plants outside US

Washington is seeking to strengthen key supply chains outside of China as it works to contain Beijing's geopolitical ambitions

Highdell Investment sells 6.2% stake in Kalyan Jewellers for Rs 725 cr

The shares were disposed of at an average price of Rs 113.10 apiece, taking the transaction size to Rs 724.99 crore, as per the data

Polygon-backed Davos Protocol raises Rs 10 crore in TVL in two months

The decentralized stablecoin claims to differentiate itself through transparency and decentralization, backed by various crypto assets managed on-chain

IKIO Lighting makes strong debut on bourses, rises 40% on listing day

The initial public offering of IKIO Lighting was subscribed to 66.3 times

Bank of Maharashtra plans to recover 5% from written-off accounts in FY24

The Pune-based lender had recovered Rs 943 crore from written-off accounts in FY23, up from Rs 642 crore in FY22, according to the document filed Qualified Institutional Placement (QIP)

Indinfravit closes acquisition of Rs 8,270 cr roads from Brookfield

The acquisition of the fifth road project - Gorakhpur Infrastructure Company Private Limited - is pending the receipt of requisite regulatory approvals

DMRC to operate, maintain Mumbai Metro's underground Line-3: Officials

The MMRCL has awarded the DMRC a 10-year contract to operate and maintain its underground Line-3 after the Delhi Metro emerged as the lowest bidder in the tendering process, officials said on Friday

Uncertain economy, rapid tech change bring mega-deals under fire

Recently, TCS saw its mega deal with Transamerica come to an end

Patanjali Foods launches 14 products to push its premiumisation strategy

Aims for Patanjali Group turnover to touch Rs. 1 trillion in 5 years: Baba Ramdev

Air India upgrading crew rostering, customer notification system: Wilson

Air India is also upgrading its customer notification systems and processes to make them "less manual, more accurate and to utilise new channels such as WhatsApp" Wilson told employees