Page 1467 - Company News

Tata Group set to takeover of Wistron's iPhone plant in Bengaluru

India set to get its first homegrown production line for Apple products as Tata Group completes takeover in April

Apollo Micro Systems fixes record date for 1:10 share sub-division

Apollo Micro Systems Ltd (AMSL) has fixed May 4 as the record date to split its shares in ratio of 1:10

Adani Group brand custodian Aman Kumar Singh resigns from NDTV board

Adani group's corporate brand custodian and head of corporate affairs Aman Kumar Singh, who is facing a corruption charge in Chhattisgarh, has resigned from the board of NDTV

Next Orbit to sell its entire stake in ISMC to Delhi-based B C Jindal group

Sources say the sale is subject to the project getting clearance from the government

Indian pharma market back to pre-Covid level in FY23, says report

After a Covid-hit FY21 (when the IPM grew by only 2.2 per cent), the market posted a growth of 14.7 per cent in FY22, on a low base

Tata insurance arm, others to provide $10-billion cover to Air India

The airline will be paying a premium of $30 million (Rs 246 crore) for the financial year beginning April 1 - same as the previous financial year

RIL sets sights on frozen food market, takes another bite at dairy

Move aims at competition with Amul, Mother Dairy

Adani Power commences supply to Bangladesh from Godda plant in Jharkhand

Supply was to start in March. However, Bangladesh Power Development Board had sought relief from rising imported coal prices. Unit will source coal from Adani-owned Carmichael mine in Australia

Unfazed by competition from RIL, expect broad-based growth in FY24: GCPL

Godrej Consumer Products Ltd is unfazed by the prospect of competition from Reliance's entry into the FMCG sector, having seen multiple disruptions

Amul expects 20% revenue growth to Rs 66,000 cr in FY24; no rate hike plans

GCMMF, which sells dairy products under the Amul brand, is expecting 20 per cent growth in its revenue this fiscal to around Rs 66,000 crore on rising demand, its MD Jayen Mehta said

Maruti eyes doubling SUV sales in FY24; aims top position with 25% share

The country's largest car maker Maruti Suzuki India aims to more than double its SUV sales this year and take the leadership position in the fast-growing segment with a market share of over 25%

LTIMindtree delays onboarding and extends training for assessment

Move will impact 600-700; letter says freshers have no other option but to accept the programme

L&T is lowest bidder for New Delhi station revamp with Rs 8,740 cr offer

Infra major was in the fray with Shapoorji Pallonji for largest station upgrade project; its submission is over Rs 3,000 crore beyond the Centre's estimate

CMS Info Systems aims 3 times revenue of Rs 5,000-crore by FY30

It is looking to start new business lines like collection and recover services

SBI Foundation commits Rs 3 mn grant to eight select social ventures

Four top winning ideas are given support of Rs 6 lakh each while four runners-up are given Rs 1.5 lakh each, he said after the selection process on Sunday

NTPC coal output rises 65% year-on-year to 23 million tonnes in FY23

State-owned power giant NTPC on Sunday said its captive coal mines have registered 65 per cent year-on-year production growth to over 23 million tonnes in FY23

GAIL Gas Ltd announces reduction in prices of CNG, PNG by upto Rs 7

GAIL Gas Ltd on Sunday announced a reduction of up to Rs 7 in the prices of CNG and piped cooking gas following a reduction in input gas price

Adani Total, Torrent Gas reduce CNG, PNG price after Centre revise prices

In a respite to lakhs of domestic gas and CNG vehicle owners, Adani Total Gas Ltd and Torrent Gas reduced CNG and PNG prices

NBFC firm REC raises $750 million through issuance of green bonds

State-owned non-banking finance firm REC Ltd on Saturday said it has raised $750 million (about Rs 6,138 crore) through issuance of green bonds

Macrotech adds 12 land parcels in FY23 to build new projects to meet demand

Realty firm Macrotech Developers has added 12 land parcels for the development last fiscal, with an estimated revenue potential of nearly Rs 20,000 crore