Page 1867 - Company News
Ashok Leyland unveils new tipper for construction, mining segments
Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday
 "Ashok Leyland unveils new tipper for construction, mining segments")
KSK Mahanadi Power loan account sold to Birla ARC, SBI deals for Rs1,622 cr
SBI has sold the non-performing loan account of KSK Mahanadi Power Company to Aditya Birla ARC for Rs 1,622 crore, accepting a haircut of almost 58 per cent against the total outstanding.
 "KSK Mahanadi Power loan account sold to Birla ARC, SBI deals for Rs1,622 cr")
Jubilant Foodworks bullish about medium-term market potential in India
The company achieved a remarkable feat of delivering more than 70 per cent of delivery orders in less than 20 minutes, the company claimed
 "Jubilant Foodworks bullish about medium-term market potential in India")
CEAT aims to double outlets to 1 lakh in 2-3 years, says COO Arnab Banerjee
CEAT Ltd plans to expand its tyre sales network in places with population of 5,000-10,000 via its FMCG style of distribution, aiming to double outlets to 1 lakh in two to three years
 "CEAT aims to double outlets to 1 lakh in 2-3 years, says COO Arnab Banerjee")
India Inc sees deal value decline as prime investments vanish: Reports
India Inc saw steepest decline in deal values due to the lack of big-ticket investments last month, registering 171 mergers and acquisitions and private equity deals valued at $2 billion, says report.
 "India Inc sees deal value decline as prime investments vanish: Reports")
Paytm CEO Vijay Shekhar Sharma to face crucial test of investor confidence
The billionaire founder of Paytm faces a crucial test of investor confidence Friday, when shareholders will decide whether they want him at the helm.
 "Paytm CEO Vijay Shekhar Sharma to face crucial test of investor confidence")
NHTSA to do an engineering analysis on Tesla's autopilot that killed many
Elon Musk-run Tesla has come under heavy scrutiny on the controversial Autopilot advanced driver assistance system with both federal and state regulators turning up the heat on electric car-maker
 "NHTSA to do an engineering analysis on Tesla's autopilot that killed many")
Monthly active users for Facebook drop by 25% in South Korea, says analysis
Facebook has seen an over 25 per cent decline in the number of monthly active users (MAU) in South Korea across the past two years, an industry analysis report showed on Friday.
 "Monthly active users for Facebook drop by 25% in South Korea, says analysis")
IIT Bombay, JSW Group sign partnership for steel technology hub
The JSW Technology Hub will also be the nodal point for JSW Group's research activities beyond the steel domain
 "IIT Bombay, JSW Group sign partnership for steel technology hub")
IRCTC moves to monetise passenger data; floats tender to hire consultant
Seeks to raise Rs 1,000 crore through this exercise
 "IRCTC moves to monetise passenger data; floats tender to hire consultant")
Lenders in talks to sell Rs 18,850-cr Future group loans to NARCL
According to a banking source close to the development, the loans are expected to be sold in the second half of the current financial year
 "Lenders in talks to sell Rs 18,850-cr Future group loans to NARCL")
Govt hardens norms on Irdai, public insurer top brass' post-retirement jobs
This comes after the Centre had reportedly received complaints against two past Irdai chairpersons, Subhash Chandra Khuntia and T S Vijayan
 "Govt hardens norms on Irdai, public insurer top brass' post-retirement jobs")
Domestic air traffic drops 7.7% in July on the back of higher fares
Despite adverse reports regarding safety and DGCA curbs, SpiceJet reported the highest seat occupancy (84.7 per cent). AirAsia India had the highest on-time performance (95.5 per cent )
 "Domestic air traffic drops 7.7% in July on the back of higher fares")
Have settled dispute: SpiceJet, Credit Suisse tell Supreme Court
The Swiss firm had filed a plea in the high court against the airline for non-payment of over $24 million towards maintenance, repairing, and overhauling of aircraft engines and components in 2013
 "Have settled dispute: SpiceJet, Credit Suisse tell Supreme Court")
Switch Mobility sees e-bus market tripling to 6,000 units next year
Switch India has already secured an order of 200 electric double decker buses in Mumbai and is looking at a dominant space in the electric double decker segment, across key regions in the country
 "Switch Mobility sees e-bus market tripling to 6,000 units next year")
Attrition to remain high as millennials demand better pay, promotion: PwC
Most employees in India may not return to offices yet and are more inclined towards the remote and hybrid work model, shows PwC survey
 "Attrition to remain high as millennials demand better pay, promotion: PwC")
No fuss, no follow up: Sunil Mittal praises govt on spectrum allocation
Says this is a first in his over 30 years of first-hand experience with Department of Telecommunications
 "No fuss, no follow up: Sunil Mittal praises govt on spectrum allocation")
Pharma firm Divi's FY23 growth shaped by high base, near-term weakness
Brokerages give add, accumulate or buy ratings given the company's growth and track record
 "Pharma firm Divi's FY23 growth shaped by high base, near-term weakness")
Amid demand for SUVs, Maruti launches new generation of small car Alto K10
New K10 will be sold alongside the Alto 800; it comes with both five-speed manual and automatic gear shift
 "Amid demand for SUVs, Maruti launches new generation of small car Alto K10")
HAL signs agreement establishing footprint in Malaysia to export weaponry
Aerospace giant preparing for likely success in exporting Indian Tejas Mark 1A fighter
 "HAL signs agreement establishing footprint in Malaysia to export weaponry")