Page 1814 - Company News

HAL's rocket engine manufacturing facility inaugurated in Karnataka

The state-of-the-art ICMF, set up over an area of 4,500 square metres houses over 70 hi-tech equipment and testing facilities for manufacturing cryogenic and semi-cryogenic engines of Indian rockets

Govt reshuffles IL&FS board; Rajan becomes non-executive chairman

Nand Kishore, who was serving as an executive director, has been made the Managing Director, according to the company.

ONGC gets better price for crude oil under new rules, says report

ONGC accepted bids at that level through auction of light sweet oil from its western offshore field, including supplies from the country's flagship Mumbai High fields

Razorpay acquires PoshVine, forays into loyalty and rewards management

Since 2016, PoshVine has been offering its loyalty-as-a-service product to over 20 leading banks and networks

Jet Airways' return to skies delayed with plane talks in limbo: Report

The airline, once India's top private carrier, can't sell tickets in September because lenders are reluctant to allow it to take on any fresh liabilities such as an aircraft order, said the people

Red signals for fintech industry: The valuations game of the past is over

RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications

PhonePe opens swanky 50,000 sq ft office in Pune to accommodate 400 people

In addition to the dynamic work spaces, the new office has a 3,000 square feet cafeteria that will serve local and multi-cuisine food for the company's diverse employee base

Torrent Pharma to acquire Sequoia-backed Curatio Health for Rs 2,000 cr

Sequoia-backed Curatio has a portfolio of over 50 brands that are marketed in India

Dish TV stock falls 10% as shareholders reject results, auditor appointment

The shareholders rejected appointments of Rakesh Mohan as an independent director as well as S.N. Dhawan & Co LLP, Chartered Accountants as the auditor of the company

Industry considers options as Tamil Nadu ordinance bans online gaming

Sector takes hope from High Courts previously overturning such prohibitions by state governments

M K Shah offers to buy McLeod Russel's tea estates without hostile bid

Offer for company under debt resolution doesn't seek to exclude its promoters, the Khaitan family: Source

BigBasket to raise $200 million at a valuation of $3.5 billion: Report

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others

Ten days after global launch, Apple starts assembling iPhone 14 in India

Apple effectively pays 26 per cent duty on the free on board (FOB) value of imported phones

Centre looking to phase out codeine-based cough syrups, select FDCs

The industry is divided on the issue of phasing out codeine-based cough syrups, which are used by many as intoxicants

Dish TV shareholders reject 4 resolutions at AGM, board strength down to 2

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM; company says AGM adjourned sine die

Double-digit salary hikes return as Aon survey pegs 10.4% for 2023

Study also found actual hikes in 2022 were 10.6% as against its previous projections of 9.9% in Feb 2022, the highest since 2012

Vodafone Idea, EESL to install 5 mn IoT-based smart meters in UP, Haryana

Arvind Nevatia of Vodafone Idea said these meters minimises human intervention in the overall metering, billing and collection process and helps reduce theft by identifying loss pockets

Mahindra Logistics acquires B2B express business of Rivigo

Rivigo, however, will continue to own its truck fleet and the rights to the full truck load (FTL) operations

Hope ad revenue to recover fully to pre-Covid level by Q4: PVR CEO

Brahmastra has done well for the cinema industry. It has put the Boycott-Bollywood movement to rest.

Nabha Power secures approval to convert Rs 5,341-cr debt to equity

When contacted, L&T did not comment on Nabha Power debt conversion or its sale