Page 1868 - Company News
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")
Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report
The net profit of the banks rose by 37.1 per cent year-on-year to Rs 44,048 crore in the first quarter of the current financial year, according to a Bank of Baroda research report
 "Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report")
NHPC Ltd inks pact to develop Nepal hydropower plant left by China
Officials said India's NHPC Ltd signed a memorandum of understanding (MOU) on Thursday allowing it to study details like feasibility, environmental impact, inundation of land and construction costs
 "NHPC Ltd inks pact to develop Nepal hydropower plant left by China")
Tata Power subsidiary raises Rs 2,000 crore in green energy push
The transaction is part of the Rs 4,000-crore investment announced in April by Tata Power for its green energy business
 "Tata Power subsidiary raises Rs 2,000 crore in green energy push")
Zomato-owned quick commerce firm Blinkit pilots print out service
Blinkit is charging an amount of Rs 9 per page for black and white printing and Rs 19 for coloured, according to media reports
 "Zomato-owned quick commerce firm Blinkit pilots print out service")
Wipro bags deal from UK government treasury, to deliver service integration
IT company Wipro Limited has bagged a multi-year contract to deliver service integration and management services to the UK government treasury
 "Wipro bags deal from UK government treasury, to deliver service integration")
Damani's budget grocery chain DMart eyes fivefold growth in heated market
Avenue Supermarts could scale up the chain known for its knockdown prices on everything from lentils to laundry powder to 1,500 supermarkets from 284
 "Damani's budget grocery chain DMart eyes fivefold growth in heated market")
Don't implement one-charger plan until EU does: Industry to Centre
The industry bodies also said that the evidence-based policy making should be based on a thorough market and consumer research with a proper impact assessment on consumer ease against cost preference
 "Don't implement one-charger plan until EU does: Industry to Centre")
Serum Institute, other firms eye tie-ups to develop monkeypox vaccine
Indian Immunologicals, and Haffkine Research Institute also in the fray
 "Serum Institute, other firms eye tie-ups to develop monkeypox vaccine")