Page 1558 - Company News

Centre wants work on at least one semiconductor facility to start in 2023

So far, the Centre has received three applications for chip manufacturing in India

Good upside seen in Oil India stock; most analysts are positive

And their price and fair valuation targets range between Rs 275 and Rs 290

Top insurance companies compete to cover Tata Group-owned Air India fleet

Tata-owned airline negotiating premium for FY24

After $135-billion wipeout, Adani Group plans multi-pronged comeback

Besides a campaign to portray themselves as responsible borrowers with prepayments and on-time payments of debt, executives have also kicked off a series of meetings to pacify overseas bondholders

DMRC vs Rinfra to be heard on Friday, HC tells Delhi, Union govt

Attorney General R Venkatramani, appearing for DMRC, suggested asking GNCTD and MoHUA how they would proceed in the matter

Reserve Bank of India tightens norms for ARCs on income recognising fee

They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50 per cent of the face value

NHPC raises Rs 996 crore through issuance of non-convertible bonds

NHPC Limited has raised Rs 996 crore on February 20, 2023 through unsecured, redeemable, non-convertible, non-cumulative and taxable 7.59 per cent AD series bonds

Wipro freshers' dilemma: Work for half the salary or wait longer

Firm asks candidates, earlier offered Rs 6.5 LPA, if they wish to join at Rs 3.5L

Tata Motors bags India's largest electric vehicle fleet order from Uber

To deliver 25,000 XPRES-T EVs in a phased manner

Adani Cement's ACC and Ambuja to resume Himachal Pradesh operations

India's Adani Cement, part of the embattled Adani Group of companies, said its ACC and Ambuja Cements businesses will resume operations at two plants in the Himachal Pradesh

Reliance group's Tony Jesudasan suffers heart attack, passes away at 71

Tony Jesudasan, a key lieutenant of Anil Ambani's Reliance group and one of the finest corporate communications and corporate affairs professionals, died early on Monday morning. He was 71

Domestic air passenger traffic nearly doubled in January, shows data

IndiGo had a market share of 54.6 per cent, while Air India took the second spot with 9.2% share beating Vistara

Diagnostics sector looks to raise prices with new entrants revising rates

Online players had kept rates low, but with Covid time volumes gone, the trend is changing

Free to negotiate for maximising asset value, RCap lenders tell NCLAT

Lenders of Anil Ambani-promoted Reliance Capital had moved the NCLAT (National Company Law Appellate Tribunal) challenging an order of the NCLT which restricted further auction of the bankrupt firm

Centre opposes Vedanta's $3-bn zinc asset sale over concerns of valuation

In a setback to billionaire Anil Agarwal's mining group, the government has opposed Vedanta Ltd's proposal to sell its international zinc business to Hindustan Zinc Ltd

Vedanta-Foxconn selects Dholera SIR for 1st semiconductor facility in India

Both the companies would invest Rs 1,54,000 crore to set up the facility in Gujarat, which would create one lakh job opportunities, said Gujarat CM

Adani Green Energy puts Rs 10,000-crore capex plan under review

Company to reduce capex in near term; execs say large part of it can be discretionary

Air India Delhi-bound NY flight diverted to London due to medical emergency

An Air India flight from New York to Delhi was diverted to London on Monday due to a medical emergency, according to an official

Kalpataru Power, its international arms bag orders worth Rs 3,185 crore

With these order wins, the company order intake for the financial year 2022-23 stood at Rs 22,672 crore

Adani Ports & SEZ repays Rs 1,500-crore SBI MF loan in comback strategy

Adani group's gross debt stood at Rs 2.26 lakh crore as of September 2022 and had cash of Rs 31,646 crore