Page 1519 - Company News

SAIL finalising plans to nearly double capacity to 34-35 mt by 2030-31

In next 3-4 years, it will add about 3 mn tonnes by sweating existing assets and debottlenecking, at a likely capex of Rs 10,000-11,000 crore

Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%

State-owned Bank of Maharashtra (BoM) on Sunday announced a reduction in the interest rate on home loans to 8.4 per cent from the existing 8.6 per cent.

Indian soft drink market likely to see significant growth: Varun Beverages

This would be driven by factors such as shifting population demographics, the rising spending power of young consumers, accelerated urbanisation, and growing rural consumption

SVB collapse: Union Minister to meet startups to see how govt can help

As the collapse of Silicon Valley Bank (SVB) in the US left the Indian startup ecosystem worried, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar

Godrej Locks and Architectural Fittings aim 24% growth in current fiscal

Godrej Locks and Architectural Fittings is looking at clocking Rs 1,100 crore turnover this fiscal, a 24 per cent year-on-year growth, a senior company official has said

Top headlines: India-Australia trade pact, SVB collapse, and more

Business Standard brings you the latest headlines at this hour

Air India gets DGCA nod for cross utilisation of wide-body pilots

Aviation regulator DGCA has approved Air India's long-pending request to allow the same pilots to operate two types of Boeing wide-body aircraft, according to officials

Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report

Government appointed Siddhartha Mohanty, the managing director and chief executive officer of LIC Housing Finance, as the MD of Life Insurance Corporation for three months, according to media report

Microsoft to unveil GPT-4 next week ability to create AI-generated videos

Microsoft plans to release GPT-4 as early as next week, with the ability to create AI-generated videos from simple text prompts

Brakes India unveils new ZAP brake pads exclusively designed for EVs

Manufacturers of braking equipment for automotive and non-automotive applications, Brakes India has unveiled ZAP brake pads with advanced friction technology for electric vehicles, the company said

Study shows online 'personal brands' are key to job success for Gen Z

Generation Z, people born between 1997-2012, perceive online "personal brands" as a crucial tool to gain more advantage in job markets, new research reveals

Inker Robotics secures $1.2 million funding under Kerala StartUp Mission

Kerala-based Inker Robotics, under the Kerala StartUp Mission, which deals with research and delivery in robotics and futuristic technology education, has secured a USD 1.2 million funding

WhatsApp to roll out 'approve new participants' feature to beta testers

Meta-owned WhatsApp is reportedly rolling out a new feature -- "approve new participants" in group settings for some beta testers on Android and iOS

Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis

Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis.

Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers

US-based telehealth startup Cerebral has disclosed that it shared the private health information, including mental health assessments, of more than 3.1 mn patients in country

US toy retailer, ToysRUs enters India for the 2nd time, opens first store

Its online store toyrus.in and it will also sell exclusively on ecommerce platforms, Flipkart and Myntra.

PhonePe reaches $1 trn annualised payment value run rate, gets licence

Digital payments platform PhonePe has achieved an annualised total payment value run rate of $1 trillion, or Rs 84 trillion, mainly on account of its lead in UPI transactions, the company said

Tech Mahindra names former Infosys President Mohit Joshi as MD and CEO

The board of directors has approved the appointment for a period of five years with effect from December 20, 2023 to December 19, 2028 (both days inclusive)

Nostalgia, bottled and brought back: Reliance rolls out the Campa crates

While Reliance hopes the gamble on the brand's popularity in the 1970s will pay off, experts feel it may not connect with the millennials, who are the major consumers of aerated drinks today

MSCI ESG Research flags governance risks at Adani Group, changes assessment

"On March 3, we downgraded our assessment of the Hindenburg-related controversy cases to 'moderate' from 'minor' following new developments in the relevant cases