Page 1706 - Company News

Export duty on steel was imposed to control inflation: JSW chairman

The government had levied export duty on steel to control inflation which has now come down, JSW Group Chairman Sajjan Jindal said on Monday

Larsen & Toubro hires more than 3,000 engineering trainees in FY23

Engineering and construction conglomerate Larsen & Toubro (L&T) on Monday said it has hired more than 3,000 fresh engineering trainees in the current financial year

CCI order in Google case may have implications for local developers

The CCI fined Google Rs 936.44 crore on October 25 for abusing its dominant position with regards to its Play Store Billing and payment policy

Paytm users can now make UPI payments to mobiles with third-party UPI apps

Paytm Payments Bank says the move facilitates interoperability across all UPI-based payment apps, ensuring a superfast and seamless experience

As property market hits a slump in China, are investors turning to India?

-date period till October, investment in real estate development fell 8.8% compared with the same period in the previous year, commercial floor space sold dropped 22.3%

Is Elon Musk mismanaging Twitter?

Over 3,500 Twitter employees have been sacked from Twitter. It looks like the chaos introduced by Elon Musk is taking a toll on the company. Take a peek at what's happening in Twitter headquarters

National with a regional twist: FMCG majors tweak product line-up

HUL also has different formulations of Surf Excel for different parts of the country as the water differs across regions

Ola Electric to charge up capacity to 4 mn; may roll out e-cars from 2024

Ola Electric plans to eventually have the capacity to produce 10 mn two-wheelers, 1 mn cars

EV company Ather Energy lines up aggressive expansion plan in Tamil Nadu

Tamil Nadu has emerged as a high demand market for electric scooters with Ather Energy registering a 49% quarter-on-quarter growth

Xebia to hire 1,200 people in India by March; eyes emerging tech firms

He said that based on demand assessment, the company is running short of 1,700 people and even at a conservative estimate Xebia will need 1,200 people by the first quarter of 2023

NCLAT allows Jindal Stainless to bid for debt-ridden Rathi Super Steel

Appellate tribunal NCLAT has upheld the NCLT order to allow Jindal Stainless to participate in the auction of debt-ridden Rathi Super Steel even after a bidder was selected

RHI Magnesita to acquire DBRL's refractory business for Rs 1,708 crore

Based on the issuance price of RHI Magnesita India Limited at Rs 632.5029 per share, the share consideration had a value of approximately Rs 1,708 crore

Price volatility takes sheen off aluminium firms' capital expenditure

Hindalco's subsidiary Novelis as well as the aluminium division of Vedanta have trimmed guidance by 30-40 per cent for the year

ICICI Bank, Bajaj Finance see highest FPI inflows in July-September

Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively

Street Signs: All eyes on Delhivery, Nifty new high on cards & more

Shares of logistics firm Delhivery and micro lender Five Star Business Finance are likely to be in focus on Monday

Multiple headwinds could act as margin tourniquet for diagnostics

Competitive pressures, valuations cap gains from current levels

Byju's-owned Great Learning likely to cross Rs 1,000 crore revenue in FY23

The firm is expanding in regions such as India, North America, Latin America, Africa, and Southeast Asia and is also planning to acquire various companies in these markets

VRS scheme: Air India gives cabin crew option to extend their release date

Air India has given an option to the cabin crew who have opted for voluntary retirement scheme to extend their tenure until January 31 next year, amid shortage of cabin crew, according to sources

Mumbai airport may 'incur losses in near future' due to Covid impact: MIAL

MIAL's net loss in FY22 would have been higher had it included the annual fee payment - which is 38.7 per cent of revenues - to Centre-run AAI under its head 'total expenditure' of the balance sheet

ONGC to reverse oil, gas output dip; eyes 18% jump in production in FY25

India's largest oil and gas producer ONGC will this year reverse years of decline in production and gradually raise output thereafter as it invests billions of dollars