Page 1585 - Company News

IPO-bound Swiggy names Delhivery chief, two others as independent directors

New appointments will strengthening governance, says food delivery platform

RIL, Ashok Leyland unveil first hydrogen combustion-driven heavy-duty truck

Flagged off by PM Modi at India Energy Week, the vehicle was developed over the past one year and has been under test since August 2022

BNPL platform Simpl introduces menstrual, adoption and pet care leaves

Simpl's leave policy states that the adoption leave is also applicable to LGBTQIA couples

Open to lending to Adani Group but with conditions: Bank Of Baroda

Investors have been worried about various banks' exposure to the Adani Group ever since U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation

Swiggy announces appointment of three independent directors to its Board

They are the first independent directors on Swiggy's board

Disney to introduce its own metaverse platform, Starverse in India

It is anticipated that metaverse will bring another dimension to user interaction. It has the potential to enrich user experience by providing real-time user interaction

Volvo may set up its new EV manufacturing facility in India: Report

Volvo, in 2022, had announced its plans to expand its certified used-car business across India by early 2024

Adani in talks to prepay loans on shares, denies report on capex cut

Adani Group is in talks to prepay all loans backed by pledged shares, a spokesperson told Reuters on Monday

India's retail vehicle sales up 14% to 1.8 million units in January: FADA

This improvement would fuel growth in an already healthy passenger vehicle category, the automobile dealers' body said

Reliance showcases hydrogen-run truck at India Energy Week in Bengaluru

The truck has "near-zero emissions" when it uses hydrogen as fuel in place of conventional diesel or even recently introduced liquefied natural gas (LNG)

Indian Oil to sign MoU with LanzaJet for sustainable aviation fuel

Indian Oil Corp will sign a memorandum of understanding with sustainable fuel tech provider LanzaJet to produce sustainable aviation fuel at its Panipat refinery, its chairman told Reuters

Infosys fires 600 freshers after they fail internal assessment: Report

This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago

Billionaire Gautam Adani's bonds are a soft target with hard assets

To know whether Adani is more likely to float than sink, bondholders are turning to rating companies, advisers and lawyers

Adani Group may cut capex plans in some businesses after FPO fiasco

The company might look at 16-18 months for growth in certain businesses instead of a 12-month target, according to a newspaper report

Gautam Adani's crisis points to the big risk in India's net zero plan

Led by Adani's $70 billion pledged investment in green energy infrastructure, India's tycoons have so far committed to spend far more than the government on the energy transition

Interest rate hikes, global inflationary pressures may impact demand: JLR

The company is working to offset inflationary trends and other issues like high energy prices through profitability improvement actions

Tata Motors to operationalise Ford's Sanand unit in Gujarat in 12-18 months

The automaker earlier this month completed the acquisition of Ford India's manufacturing plant at Sanand through a subsidiary

Equity delay left Vodafone Idea with fewer users and higher debt

16-mnth hold-up: User base down by a tenth, Ebitda margins squeezed, losses pile up

No change in PPA for the project sought by Bangladesh: Adani Power

Last week, Bangladesh news agency, UNB reported that BNPB has sought revision of PPA

Uttar Pradesh discom scraps Adani's Rs 5,400-crore smart meter bid

UP discoms - including Madhyanchal, Dakshinanchal, Purvanchal and Paschimanchal - representing different regions, had floated tenders for the supply of more than 25 million smart meters