Page 1859 - Company News

Top refiner Indian Oil Corp to spend $25 bn for 2046 net-zero goal

The company plans to invest more than $25 billion to achieve net-zero emissions from its operations by 2046, its chairman SM Vaidya said at an annual shareholders meeting

Amazon to shutter virtual health care service Amazon Care by Dec 31

"The closure underlines how hard making inroads into the health market is," Saunders said

Twitter staff exodus accelerates amid Musk battle, attrition hits 18.3%

Twitter Chief Executive Parag Agrawal moved to reassure employees on Wednesday that Zatko's accusations were foundationally, technically and historically inaccurate

US securities regulators question Twitter on how it counts fake accounts

U.S. SEC is under the process of questioning Twitter about how it counts fake, spam and fraud accounts on its platform

EV manufacturer BYD to drive in maiden e-SUV in India by end of year

BYD, which overtook Tesla this year as the world's largest EV maker, would assemble the upcoming model at Sriperumbudur near Chennai

Incentivise alternative technology for small cars: Maruti Suzuki chairman

CNG, ethanol, bio gas could offer cheaper alternatives to EVs in the market for small cars

ONGC relaunches tender to sell gas from KG fields at $15/unit

The reserve price at the current ruling Brent oil price of USD 101 per barrel comes to more than USD 15 per mmBtu

Adani Group firms' valuation premium over Sensex surges to new high

The overtaking happened in the first half of FY21 and the group stocks continued to become expensive compared to the broader market

Centre set to wait for NCLAT ruling for Pawan Hans sale, hearing on Sept 1

The government's decision is based on the recommendation of its transaction adviser

Major traders, banks cut business ties with Russia-backed Nayara: Report

Nayara per se has not been sanctioned as part of the international response to what Russia calls its 'special military action' against Ukraine but sanctions are in place against Rosneft.

Improving margins signal capital goods cycle in early stages of revival

Signs of renewed capex and improving margins; high inflation, supply-chain disruptions and black-swan events among risks

Realty firm Omaxe to invest Rs 2,100 crore to build sports, retail complex

The total investment is estimated at about Rs 2,100 crore, of which Rs 1,300 -1,400 crore will be on sports complex and the rest on retail area

Tinder owner Match ups CCI pressure on Apple in India with new case: Report

Match accuses Apple of 'monopolistic conduct' that forces developers to pay high commissions for in-app purchases; Match case has been clubbed with ongoing Apple probes, say sources

Debt-ridden Future Enterprises faces second plea to initiate insolvency

The latest petition is filed against Future Enterprises by Retail Detailz India, claiming default of Rs 4.02 crore before the Mumbai bench of the National Company Law Tribunal (NCLT)

As Adani vies for majority, NDTV becomes priciest electronic media stock

Trading at P/E multiple of 28.5x - nearly 50% higher than industry average of 18.6x

Employees will get 100% variable pay for June quarter, no delay: TCS

So far, more than 90 per cent of TCS employees have received the variable payout, according to the largest software exporter in India.

Mercedes expects 25% of its total India sales to be electric by 2025

Priced upwards of Rs 2.45 crore ex-showroom, the deliveries of the completely built unit model will commence next month

Cost and competition may keep IndiGo's growth under check: Brokerages

Yields have been higher in Q2; market leader continues to gain market share

Shapoorji Pallonji & Co to reduce debt by Rs 4,000 crore in FY23

Its consolidated external debt reduced by about Rs 13,500 crore during FY22 to Rs 23,475 crore as on March 31

Minority shareholders gain focus amid Adani-NDTV ownership battle

Broadcaster may revise open offer price, say corporate lawyers