Page 1466 - Company News

Telcos seek allocation of entire 6 Ghz band spectrum for 5G, 6G services

At present, the 6 Ghz band is earmarked for mobile, fixed wireless (wifi) and fixed satellite services

Adani Electricity Mumbai tops on governance among power firms in India

UP, Bihar, Telangana continue to be laggards

Coal India needs to raise prices, but caught between political constraints

The state-owned miner needs to raise prices but it is caught between the political constraints on its major buyer, electricity producers and close decision-making control by the coal and power

Retail loan securitisation sees a jump of 56% to Rs 1.76 trillion in FY23

Retail loan securitisations jumped a robust 56 per cent to Rs 1.76 trn in the just concluded fiscal 2023, while that of wholesale rose to around Rs 6,600 cr, coming out of the pandemic blues finall

Results preview: India Inc likely to report highly profitable Q4

Nifty50 firms may show 15.6% earnings growth, say brokerages; revenue growth to disappoint

Torrent Power makes lowest bid for Indian power supply contract: Reports

Torrent Power quoted 13.70 rupees per unit price to supply 770 megawatts each for 45 days in April and May from two of its gas-based projects in the western state of Gujarat

Reliance Cap second auction postponed again; new date to be decided soon

Lenders of debt-ridden Reliance Capital (RCap) have postponed again the second auction proposed to be held on Tuesday, sources said

Reliance, Jindal Power among 49 companies to submit EoIs for Future Retail

According to an update from FRL's Resolution Professional, the 49 players would be permitted to submit resolution plan(s) for any/all such Clusters under Option II

JSW One raises Rs 205 cr from Japan's Mitsui at Rs 2,750 cr valuation

B2B e-commerce firm of JSW Group will use the financing to expansion business

Alliance Air pilots on strike over pay, nearly half its flights cancelled

Airline says no notice served, so management has taken a serious view; pilots want salaries pruned during Covid to be restored to pre-pandemic levels

Cipla inks licensing pact with Novartis to manufacture, mkt diabetes drug

Drug major Cipla said it has inked a licensing pact with Novartis Pharma AG to manufacture and market Galvus range, used in the treatment of type 2 diabetes, from January 1, 2026

Sterlite Copper gets SC go-ahead for Thoothukudi plant maintenance

The permission was to the Anil Agarwal-led Vedanta firm on the basis of the High-Powered Expert Committee report and the recommendation of the TN govt

5G speed to reduce to half if less spectrum allotted in 6GHz band: COAI

India must allocate more spectrum in mid-band like 6GHz for a seamless 5G mobile service in the country, else 5G download speed would be reduced to 50 per cent

Bike maker Triumph transfers its India sales, marketing ops to Bajaj Auto

The partnership offers Triumph an opportunity to further build their business as the portfolio expands, Bajaj Auto Executive Director Rakesh Sharma said in a statement

Temasek to buy additional 41% stake in Manipal Health for Rs 16,300 cr

Singapore's sovereign wealth fund Temasek will buy an additional 41 per cent stake in Manipal Health Enterprises for more than Rs 16,300 crore ($2 bn), taking its total shareholding to 59 per cent

JSW Steel Q4 consolidated crude steel output rises 13% to 6.58 MT

The company had produced 5.81 MT crude steel from operations in India and the US in the year-ago period, JSW Steel said in a statement

Govt kickstarts IREDA 's IPO process, scouts for merchant bankers

The government will appoint up to three merchant bankers and the last date to submit bids is April 28

Indian Hotels well poised to achieve vision of 300 hotels by 2025

According to IHCL, with eight new hotel signings, the iconic brand Taj is slated to reach the 100-hotel milestone from 98 hotels currently

RINL aims to make 55,000 wheels in FY24 to meet Railways' demand: CMD Bhatt

State-owned steel maker RINL is aiming to produce 55,000 wheels in FY24 to meet the demand from Indian Railways, its CMD Atul Bhatt said

MG Motor ties up with gamer to design Comet EV for tech-savvy GenZ group

The EV is set to be unveiled in India on April 19; likely priceL Rs 10-15 lakh, ex-showroom