Page 1610 - Company News
Mahanadi Coalfields expects 13% production rise to 190 mn tonnes in FY23
Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, aims to achieve approximately 190 million tonnes of dry fuel production in the current fiscal
 "Mahanadi Coalfields expects 13% production rise to 190 mn tonnes in FY23")
Railways looks to get up to Rs 2 trillion from freight operations in FY24
National transporter confident of meeting FY23 revenue target
 "Railways looks to get up to Rs 2 trillion from freight operations in FY24")
Govt support needed till EV penetration reaches desired level: Girish Wagh
There is also a case to consider the extension of the FAME II scheme, which will come to an end next year and include bigger electric buses to avail of subsidy
 "Govt support needed till EV penetration reaches desired level: Girish Wagh")
Retailers shrug off winter chill to see double-digit growth in yr-end sales
Footfalls have also witnessed an increase at both malls and retail outlets
 "Retailers shrug off winter chill to see double-digit growth in yr-end sales")
Global demand concerns likely to weigh on energy markets, says RIL
RIL's oil-to-chemicals (O2C) business, was mixed in terms of performance, reporting 10 per cent Y-o-Y growth in revenue in Q3, though there was a decline of 9.4 per cent sequentially
 "Global demand concerns likely to weigh on energy markets, says RIL")
AEL's strongest growth is ahead of us, says Gautam Adani on FPO
The FPO is targeted to create wealth for the retail shareholders, says Gautam Adani
 "AEL's strongest growth is ahead of us, says Gautam Adani on FPO")
Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur
Among the 14 firms to have got initial go-ahead is Luxshare with a unit in the town near Chennai
 "Nod to Apple's Chinese suppliers may ring in jobs for Sriperumbudur")
Absence of immediate drivers puts Reliance Industries stock in back seat
While Q3 performance beat Street estimates, O2C is key to sustaining growth this year
 "Absence of immediate drivers puts Reliance Industries stock in back seat")
Ather Energy plans to build new EV facility, produce 1 mn more 2-wheelers
Ather Energy said it is talking with several state govts for establishment of a factory to meet the demand as adoption of electric two-wheelers stabilises following several fire mishaps last year
 "Ather Energy plans to build new EV facility, produce 1 mn more 2-wheelers")
Ugly truth of layoffs: Firms invest huge resources to rebuild workforce
'Understaffing isn't always a result of management short-sightedness'
 "Ugly truth of layoffs: Firms invest huge resources to rebuild workforce")
HPCL to operate Vizag refinery at expanded capacity of 15 MTPA from Jun-end
India, the world's third biggest oil importer and consumer, buys over 80% of its oil needs from overseas
 "HPCL to operate Vizag refinery at expanded capacity of 15 MTPA from Jun-end")
92% of Indian business leaders find optimal CX immersive: Report
About 92 per cent of Indian business leaders believe that the optimal customer experience (CX) is immersive and integrates naturally into what customers are doing, a new report has shown.
 "92% of Indian business leaders find optimal CX immersive: Report")
India's smartphone shipments fall 6% in 2022, moderate growth in 2023
Samsung took the number one spot in the fourth quarter (Q4) for the first time since Q3 2017, shipping 6.7 million units for a market share of 21 per cent
 "India's smartphone shipments fall 6% in 2022, moderate growth in 2023")
Brakes India to clock 15-20% growth in revenue this FY, says MD Sriram Viji
According to a report by Crisil recently, Brakes India derives 23 per cent of its total revenue from exports in the brakes and foundry divisions
 "Brakes India to clock 15-20% growth in revenue this FY, says MD Sriram Viji")
Rapido flays Maharashtra ban on bike aggregators, may challenge it
Bengaluru-based bike aggregator Rapido has slammed the Maharashtra govt's decision to ban such private aggregators and ride-pooling vehicles from plying, and said it will examine legal remedies
 "Rapido flays Maharashtra ban on bike aggregators, may challenge it")
JSW Steel sees exports at more than 10% of 2022-23 sales, says official
His comments come after JSW, India's largest steelmaker by capacity, on Friday reported an 89% fall in profits for the quarter ended Dec. 31, hurt by a 56% slump in exports
 "JSW Steel sees exports at more than 10% of 2022-23 sales, says official")
RIL's recent underperformance versus Nifty is more macro driven: JP Morgan
JP Morgan has said that RIL's recent underperformance versus Nifty is more macro driven and likely driven by the overall FII move from India to China as RIL is likely among the largest FII positions
 "RIL's recent underperformance versus Nifty is more macro driven: JP Morgan")
McLeod Russel in exclusive talks with Carbon Resources for OTS to lenders
The agreement expresses the parties' interests in continuing exclusive discussions in the matter and does not create any legally binding obligation on any party, it added
 "McLeod Russel in exclusive talks with Carbon Resources for OTS to lenders")
Travel firms bullish on R-Day, expect flight sales to pip New Year weekend
MakeMyTrip expects higher air travel demand for Republic Day weekend compared to the new year's eve weekend
 "Travel firms bullish on R-Day, expect flight sales to pip New Year weekend")
Adani Group plans to demerge more business; dismisses debt concerns
The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh
 "Adani Group plans to demerge more business; dismisses debt concerns")