Page 1361 - Company News

DVC to double power generation by 2030: Chairman Ram Naresh Singh

"The Centre has given its nod to the DVC to set up new power plants with a total capacity of 8,000 MW," Singh said

BoB receives Rs 10,000 crore via Rs 2,000 note deposits, exchange

The senior official on Sunday told Business standard that his bank had received around Rs 9,000 crore worth of Rs 2,000 currency notes as deposits

Future Enterprises invites expression of interest for assets across India

The last date of receipt of interest is set at June 25 and the provisional list will be out on July 5. The last date of submissions for objections of the provisional list is July 10

Sequoia Capital plans to sell 10% stake in Go Fashion through block deal

The sale of the fashion retailers' shares would be conducted at a floor price of Rs 1,135 a share

Concor disinvestment plan hits roadblocks, may be delayed indefinitely

Ministry of Railways has not shown interest in the proposed 30.8% stake sale

Amara Raja targets 150% rise in lead acid battery sales, plans expansion

The company is looking to increase the capacity of four-wheeler batteries from 19 million units now to 24 million units in the next three years

IndiGo flight enters Pakistan airspace amid bad weather, returns safely

An IndiGo flight from Amritsar to Ahmedabad entered Pakistan airspace due to bad weather and went up to Gujranwala before heading back to Indian airspace safely, the airline said on Sunday

Wilmington Trust moves insolvency plea against SpiceJet; hearing on Monday

Wilmington Trust is an affiliate of Aircastle, which had last month filed a similar case at the NCLT

L&T Finance group focuses on retail, aims 25% CAGR in 3-4yrs: Official

Larsen & Toubro Group's non-bank financing vertical aims to maintain CAGR of over 25 per cent predominantly by focusing on retail financing as a long-term strategy, a senior official said

Star Health founder Venkatasamy Jagannathan resigns from company's board

From paying Rs 30K rent to nursing insurer to Rs 30K cr in m-cap, founder V Jagannathan resigns from company board - but his job is not over

V Jagannathan quits from Board of Star Health and Allied Insurance Company

Jagannathan, after attaining superannuation from the United India Insurance as its Chairman and Managing Director, founded Star Health and Allied Insurance with the backing of Dubai-based ETA Group

Titagarh to raise Rs 288 cr via share allotment to Smallcap World Fund

Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons, said that its board has approved a proposal to raise Rs 288.80 crore through preferential allotment of shares to Smallcap World Fund Inc

BPCL's Bargarh bio-refinery to invigorate circular economy: Pradhan

State-owned Bharat Petroleum Corporation Ltd's (BPCL) Bargarh 2G bio-refinery which will use rice straw to produce ethanol for mixing in petrol, Union Minister Dharmendra Pradhan said

Uber gears up for an electric vehicle future amid rising competition

It has drawn up plans to include more electric vehicles in its fleet by tying up with manufacturers, fleet owners and charging stations

Air India launches second Mangaluru-Mumbai flight service starting June 10

Air India has strengthened the flight connectivity between Mangaluru and Mumbai by introducing a second daily flight from June 10

Spirits maker Diageo is 'positive' about the opportunity in India

Diageo India advocated for an inflation-indexed price increase and a harmonised tax structure for the liquor sector in the country

Twitter refuses to pay Google Cloud bill, trust and safety services at risk

Elon Musk-run Twitter has reportedly refused to pay Google Cloud bills as its contract comes up for renewal this month.

Dalmia Bharat lines up Rs 19K cr to battle Adani, UltraTech Cement

Housing, infra push to raise demand for cement, according to MD and CEO Puneet Dalmia

Radio host sues OpenAI for defamation after ChatGPT generates false info

Microsoft-backed OpenAI has been sued by a radio host in the US, which appears to be the first defamation lawsuit responding to false information generated by ChatGPT

IndiGo Amritsar-Ahmedabad flight strays into Pakistan amid bad weather

Due to bad weather, a flight of the IndiGo airlines en route to Ahmedabad from Amritsar strayed into Pakistan near Lahore and went up to Gujranwala