Page 1707 - Company News

NMDC to spend Rs 900 cr to increase iron production from mines in Karnataka

NMDC Ltd will be spending nearly Rs 900 crore in the next two to three years to ramp up iron ore production from seven million tonnes per annum (MTPA) to 10 million tonnes

Rs 13K-cr 'sham' transactions were audited, given clean chit: Srei promoter

Concerted effort to financially kill group by using auditors to mis-categorise transactions: Srei promoter

Nippon Life, RCAP Administrator, Aditya Birla Sun Life war for RNLIC stake

The sale of RCAP 51 stake in RNLIC, in the ongoing Corporate Insolvency Resolution Process, has pitched Nippon Life of Japan against RCAP Administrator and Aditya Birla Sun Life Insurance

Foxconn freezes hiring sighting four-day quarantine space shortage

Apple iPhone supplier Foxconn has paused its hiring because of four-day quarantine space shortage.

All-round optimism over residential property sales in Q2: CREDAI report

There has been a renewed demand on sales of real estate properties across categories with an 'all-round optimism' in the residential sector witnessed during the July-September quarter

Expect substantial increase in SUV market share this fiscal: Maruti Suzuki

Maruti Suzuki expects substantial increase in its market share in the sports utility vehicle (SUV) segment this fiscal with the new Brezza and Grand Vitara receiving robust response

Licious expects Rs 1,500 cr revenue in 12 months, IPO not before 2025-26

Meat and meat products online platform Licious expects its revenue to cross the Rs 1,500 cr mark in 12 months but it is not planning an initial public offer before 2025-26

Danfoss expects to double India business revenues by 2025: Official

Danfoss India, a leader in heating, ventilation and air-conditioning has set a target to more than double its India business revenues by focusing on its core business segments, the company said

CBI files chargesheet in Rs 22,000 crore ABG Shipyard loan fraud case

The Centre Bureau of Investigation (CBI) has filed a chargesheet in Rs 22,000 crore loan fraud case against ABG Shipyard and 24 others including its CMD and other officials

PFC sanctions Rs 3,940 crore loan for Machilipatnam port in Andhra

The estimated cost of the Machilipatnam port is Rs 5,253.89 crore. Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy will lay the foundation of Machilipatnam port works on December 21

NCLAT stays proceedings against BPTP as firm settles dispute with creditor

During the proceedings of NCALT on Friday, the counsel appearing for BPTP informed the appellate tribunal that there was a settlement between the parties on November 15, 2022

Zomato to lay off 3% of its total workforce to reduce costs: Report

Zomato, which currently has nearly 3,800 employees, stated that layoffs will be based on regular performance

ABG Shipyard case: CBI files charge sheet against Rishi Agarwal, others

In its charge sheet filed before the special CBI court here, the agency has named as accused Agarwal and five individuals and 19 companies including three Singapore-based firms

Air India leasing more planes to expand network, grow market share: CEO

Currently, the airline has 113 aircraft which include both narrow-body and wide-body Airbus and Boeing planes

Air India to introduce premium economy class in some long haul flights: CEO

In his speech at an event by the JRD Tata Memorial Trust here, Wilson said the airline will increase its market share to at least 30 per cent in domestic and international routes.

Top headlines: Draft personal data protection Bill, e-commerce fake reviews

Business Standard brings you the top headlines at this hour

India becomes e-sports gaming hub with Valorant, BGMI tournaments

While still in its infancy compared to the US, China and Japan, investors are betting on huge growth in Indian esports -- powered by one of the world's youngest populations and cheap mobile data

Jet Airways sends 10% staff on LWP, cuts salaries of another 23%

CEO Sanjiv Kapoor said on Twitter on Friday that "two-thirds of staff are not impacted at all" by the cost-cutting measures

Jindal Poly Films exploring sale of European arm, valued at $1 billion

The company is working with an adviser on the potential divestment of Luxembourg-based Jindal Films Europe Sarl, which could be worth as much as $1 billion

Works under SBM to attract GST if not done for govts, authorities: AAR

Work done for State Urban Development Agency under the Swachh Bharat Mission (SBM) and Mission Nirmal Bangla would not be exempt from GST, according to the state Authority for Advance Rulings (AAR)