Page 1500 - Company News
Strong case to hike coal prices, could happen soon: CIL Chairman Agrawal
Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26
 "Strong case to hike coal prices, could happen soon: CIL Chairman Agrawal")
Air India to temporarily reduce frequency of flights on some US routes: CEO
Air India will reduce the frequency of flights on certain US routes due to crew shortage issues for a temporary period, its chief Campbell Wilson said on Monday
 "Air India to temporarily reduce frequency of flights on some US routes: CEO")
Jayanti Chauhan to head Bisleri International after Tatas walk out
Jayanti has been involved in the company's business for several years and of late, she has been working on expanding Bisleri's Vedika brand
 "Jayanti Chauhan to head Bisleri International after Tatas walk out")
Glenmark gets USFDA nod to market generic medication to treat schizophrenia
The company's product is the generic version of GlaxoSmithKline's Compazine tablets, it added
 "Glenmark gets USFDA nod to market generic medication to treat schizophrenia")
Indian airlines to report $1.6-1.8 bn consolidated loss in FY24: CAPA
According to CAPA India, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft
 "Indian airlines to report $1.6-1.8 bn consolidated loss in FY24: CAPA")
UBS takes over Credit Suisse: Everything you need to know about the crisis
Credit Suisse crisis: Swiss government said it would provide $9 bn to help UBS meet the possible losses while taking over Credit Suisse, and Swiss National Bank will provide $100 bn of liquidity
 "UBS takes over Credit Suisse: Everything you need to know about the crisis")
FSIB to soon start selection process for new LIC chairman this month
The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, may select a new chairman of insurance behemoth LIC this month
 "FSIB to soon start selection process for new LIC chairman this month")
JSPL gets nod to manufacture India's first fire-resistant steel structures
The new grade steel structures will help the nation to reduce dependence on imports, the company said
 "JSPL gets nod to manufacture India's first fire-resistant steel structures")
Hindenburg fallout: Adani suspends work on Rs 35K-cr petchem project
Adani Green Energy puts Rs 10,000-crore capex plan under review
 "Hindenburg fallout: Adani suspends work on Rs 35K-cr petchem project")
Top 10 most valued firms post Rs 2.09-trn loss in market capitalisation
Corporate major Reliance Industries' m-cap plunged Rs 67,722.33 crore to Rs 15,04,001.93 crore
 "Top 10 most valued firms post Rs 2.09-trn loss in market capitalisation")
In line with new govt rules, Reliance re-auctions gas from its KG-D6 block
Reliance Industries Ltd and its partner bp plc have re-launched an auction for sale of natural gas from their eastern offshore KG-D6 block
 "In line with new govt rules, Reliance re-auctions gas from its KG-D6 block")
Vaidyaratnam Group plans to double revenue to Rs 500 cr, IPO by 2030
The company recorded a revenue of Rs 220 crore, of which Rs 170 crore came in from products/medicines and the rest from services in FY22
 "Vaidyaratnam Group plans to double revenue to Rs 500 cr, IPO by 2030")
Pvt aviation soaring, JetSetGo to raise $50 mn to expand fleet: CEO
Compared to FY22, the number of business jet movements in India rose by 29.2 per cent to 306,388 in FY23, with each arrival or departure of a business jet being counted as a single "movement."
 "Pvt aviation soaring, JetSetGo to raise $50 mn to expand fleet: CEO")
HDFC twins' merger: RBI may take call on relaxations closer to date
HDFC Bank expects merger to be completed by July this year
 "HDFC twins' merger: RBI may take call on relaxations closer to date")
PM Mitra parks to boost India's $100 bn textile export goal, says industry
The parks, which are coming up in seven states, are expected to fuel investment once the global slowdown is over
 "PM Mitra parks to boost India's $100 bn textile export goal, says industry")
HUL bets on health and wellbeing space as sunrise market of the future
Its strategy follows the success parent Unilever had in the US in this segment, which it entered in 2017 through acquisitions alone
 "HUL bets on health and wellbeing space as sunrise market of the future")
NTPC plant in Barh synchronises 4th unit, Bihar to get additional 405 MW
Under the synchronisation process, the plant was connected to the grid to see the load factor, and to ensure all other aspects were working as per protocol
 "NTPC plant in Barh synchronises 4th unit, Bihar to get additional 405 MW")
Bank of Baroda raises interest rates on retail term deposits by 25 bps
Bank of Baroda has increased interest rates on domestic retail term deposits, including NRO and NRE term deposits, by 25 basis points on select tenors.
 "Bank of Baroda raises interest rates on retail term deposits by 25 bps")
DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram
DLF will develop a new group housing project 'The Arbour', which is spread over 25 acre and comprises 5 towers with a total of 1,137 premium apartments
 "DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram")
First Citizens considering to make an offer to buy collapsed SVB: Report
As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank
 "First Citizens considering to make an offer to buy collapsed SVB: Report")