Page 1431 - Company News
REC Chairman flags off first fleet of electric staff vehicles in Gurugram
REC Chairman and Managing Director Vivek Kumar Dewangan on Thursday flagged off the first fleet of electric staff vehicles in Gurugram
 "REC Chairman flags off first fleet of electric staff vehicles in Gurugram")
Hero MotoCorp Q4 net up 31% to Rs 810 cr on higher prices, better savings
Hero MotoCorp's consolidated annual net profit rose by 20.21 per cent to Rs 2,800 crore
 "Hero MotoCorp Q4 net up 31% to Rs 810 cr on higher prices, better savings")
Adani Ports completes sale of Myanmar Port at discounted price of $30 mn
Exit in line with guidance of risk committee, says CEO
 "Adani Ports completes sale of Myanmar Port at discounted price of $30 mn")
Lot of alignment in govt rules, our vision, says Google India chief
Laws of the land should be followed and there is a lot of alignment in Google's vision and the government's proposed rules around misinformation, a senior Google official said on Thursday
 "Lot of alignment in govt rules, our vision, says Google India chief")
CIL to pump in Rs 91K cr on diversification, projects by FY26: P M Prasad
CIL will pump in Rs 91,000 crore in various projects, including diversification and mine development, by 2025-26, P M Prasad, chairman and managing director of CIL-arm Central Coalfields Ltd said
 "CIL to pump in Rs 91K cr on diversification, projects by FY26: P M Prasad")
HDFC Bank aims to double semi-urban, rural biz in four years, says official
HDFC Bank is targeting to double its semi-urban and rural (SURU) business in the next three to four years, a senior official said on Thursday
 "HDFC Bank aims to double semi-urban, rural biz in four years, says official")
TVS Motor Q4 net profit rises 22% to Rs 336 crore on rise in sales
The revenue for the entire year increased from Rs 24,355 crore last year to Rs 31,974 crore in 2022-23
 "TVS Motor Q4 net profit rises 22% to Rs 336 crore on rise in sales")
NGT slaps Rs 10 cr fine on Northern Coalfields over storing of coal
The National Green Tribunal has directed the Northern Coalfields Ltd to pay a compensation of Rs 10 crore for violation of environmental rules by unscientific storing of around 150k tonnes of coal
 "NGT slaps Rs 10 cr fine on Northern Coalfields over storing of coal")
APSEZ cargo handling rises 13% in April YoY, credits improved infra
Four ports recorded significant sequential growth in monthly volumes, says company
 "APSEZ cargo handling rises 13% in April YoY, credits improved infra")
EV ride-hailing firm BluSmart gets $42 mn in fresh funding to expand fleet
Start-up says will use fresh capital to 'go deeper' in Delhi NCR and Bengaluru
 "EV ride-hailing firm BluSmart gets $42 mn in fresh funding to expand fleet")
Tech Mahindra, FIDE join hands for franchisee-based chess competition
Brings AI, VR and AR to improve fan experience; First edition to be held in Dubai, between June 21 and July 2
 "Tech Mahindra, FIDE join hands for franchisee-based chess competition")
India tribunal allows bankruptcy proceedings against Future Lifestyle
A company court on Thursday admitted Bank of India Ltd's petition to begin insolvency proceedings against Future Lifestyle Fashions Ltd on an alleged loan default
 "India tribunal allows bankruptcy proceedings against Future Lifestyle")
Dabur India's Q4 net profit falls to Rs 292.76 crore, revenue up 6.4%
Revenue from operations in the fourth quarter, meanwhile, jumped 6.4 percent to Rs 2,677.8 crore for the quarter under review, as compared to Rs 2,517.81 crore in the year-ago period
 "Dabur India's Q4 net profit falls to Rs 292.76 crore, revenue up 6.4%")
Not in receipt of Centre's notice for subsidy recovery: Okinawa Autotech
Okinawa and Hero Electric have been in the eye of the storm
 "Not in receipt of Centre's notice for subsidy recovery: Okinawa Autotech")
Indian smartphone shipments decline 16% YoY to lowest Q1 in 4 yrs: IDC
India's smartphone market is expected to see flat growth in CY23
 "Indian smartphone shipments decline 16% YoY to lowest Q1 in 4 yrs: IDC")
Adani Ports completes sale of Myanmar port for a discounted $30 million
Adani Ports and Special Economic Zone Ltd said that it has completed the sale of its port in sanction-hit Myanmar for $30 million, significantly lower than its investment in the project
 "Adani Ports completes sale of Myanmar port for a discounted $30 million")
Macrotech to invest about Rs 2,500 cr this fiscal on land acquisition
Macrotech Developers will invest around Rs 2,500 crore this fiscal to buy land and to pay its joint venture partners against land acquired in the previous years.
 "Macrotech to invest about Rs 2,500 cr this fiscal on land acquisition")
Adani Enterprises revenue up 26% at Rs 31,716 cr in Q4, PAT rises 137%
Group flagship company is focused on 'governance, compliance, performance': Gautam Adani
 "Adani Enterprises revenue up 26% at Rs 31,716 cr in Q4, PAT rises 137%")
NTPC, IOC try 'ITC diversification strategy' to craft plans for clean fuels
Like tobacco major, the state-owned power generator and fuel retailer are seeking to transition from toxic fossil fuel businesses to green energy but rely on those margins to grow these new ventures
 "NTPC, IOC try 'ITC diversification strategy' to craft plans for clean fuels")
NCLT reserves order on Go First's plea for insolvency proceedings
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings
 "NCLT reserves order on Go First's plea for insolvency proceedings")