Page 1887 - Company News
Adani buys Macquarie Infra's toll roads in Andhra, Gujarat for Rs 3,110 cr
The deal, executed at Rs 3,110 crore, will give Adani control over four stretches of toll roads in Andhra Pradesh and Gujarat and is expected to be completed by September
 "Adani buys Macquarie Infra's toll roads in Andhra, Gujarat for Rs 3,110 cr")
NHAI violated contract sanctity, gave concessionaires undue perks: CAG
The top auditory body found that concessions in 20 projects led to deferments of Rs 9,296 crore premium payable to NHAI between 2014 and 2019
 "NHAI violated contract sanctity, gave concessionaires undue perks: CAG")
Over Rs 2,000-cr M&As may come under Competition Commission's purview
Amendments likely in 20-year-old Competition law
 "Over Rs 2,000-cr M&As may come under Competition Commission's purview")
BHEL Q1 net loss narrows to Rs 188 cr; total income rises 60%
State-owned Bharat Heavy Electricals Limited (BHEL) on Thursday reported narrowing of its consolidated net loss to Rs 187.99 crore for the quarter ended June 30, 2022.
 "BHEL Q1 net loss narrows to Rs 188 cr; total income rises 60%")
Canada Pension Fund arm sells Macrotech shares worth Rs 736 crore
Ivanhoe Op India Inc sold 43,84,464 shares on NSE and 26,44,464 shares on BSE, amounting to a 1.5 per cent stake in the company
 "Canada Pension Fund arm sells Macrotech shares worth Rs 736 crore")
Amazon Great Freedom Festival sale starts today: Check all key details here
According to Amazon, "customers shopping during the Great Freedom Festival can save more by getting an extra 10 per cent instant discount with SBI Credit cards and Credit EMI"
 "Amazon Great Freedom Festival sale starts today: Check all key details here")
Indigo introduces three-way exit for flyers, saving turnaround time
IndiGo under Ramdas has been using ramps instead of step ladders from Day One, which makes the boarding and deboarding faster
 "Indigo introduces three-way exit for flyers, saving turnaround time")
Falling raw material prices, demand recovery to drive gains for Bosch stock
Within mobility solutions, sales growth (up 48 per cent year-on-year or YoY) was led by the bread-and-butter powertrain segment, followed by aftermarket and two-wheeler business
 "Falling raw material prices, demand recovery to drive gains for Bosch stock")
Sebi orders forensic audit of FRL's financial statements of last 3 years
Future Group owes its 26 lenders over Rs 15,000 crore
 "Sebi orders forensic audit of FRL's financial statements of last 3 years")
Reliance Brands inks pact to introduce luxury brand Balenciaga in India
With this agreement, Reliance Brands will be Balenciaga's sole India partner to launch the brand in the country
 "Reliance Brands inks pact to introduce luxury brand Balenciaga in India")
Tiger Global sells 2.34% stake in Zomato, sells 185 million shares
Tiger Global's Internet Fund VI Pte Ltd had a holding of 5.11 per cent in the online food delivery platform before the sale
 "Tiger Global sells 2.34% stake in Zomato, sells 185 million shares")
CCPA imposes fine on Amazon for selling sub-standard pressure cookers
After examination of the response submitted by the company, it was observed that a total 2,265 pressure cookers not conforming to mandatory standards were sold through Amazon
 "CCPA imposes fine on Amazon for selling sub-standard pressure cookers")
Adani Group to acquire Macquarie road portfolio for Rs 3,110 crore
The portfolio of 972 lane km has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India
IT ministry to conduct quarterly audit of compliance by social media firms
At present, social media platforms are required to disclose their compliance with IT rules 2021 every month where they disclose action taken by them in response to various grievances
 "IT ministry to conduct quarterly audit of compliance by social media firms")
India Inc's green push gets a fillip with amended Energy Conservation Bill
Share of thermal energy for manufacturing companies almost 95%
 "India Inc's green push gets a fillip with amended Energy Conservation Bill")
SpiceJet flights to be reinstated gradually if...: DGCA chief explains how
Arun Kumar said SpiceJet will be permitted to reinstate its capacity but in a gradual manner and once it demonstrates it has fixed the manpower and spare part shortages
 "SpiceJet flights to be reinstated gradually if...: DGCA chief explains how")
L&T Group aims Rs 2.7 trillion revenue by FY26: Chairman A M Naik
Infrastructure major Larsen and Toubro (L&T) Group is targeting Rs 2.7 lakh crore revenue by financial year 2025-26, its Chairman A M Naik said on Thursday.
 "L&T Group aims Rs 2.7 trillion revenue by FY26: Chairman A M Naik")
Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA
Dragged down by two-wheelers, overall retail falls 8%
 "Slow despatch pulls down passenger vehicle retail sales by 5% in July: FADA")
Britannia Industries to continue raising prices in Q2 amid high inflation
Between the April-June and July-September quarters of FY23, the biscuit major will take a price hike between 6 per cent and 7 per cent
 "Britannia Industries to continue raising prices in Q2 amid high inflation")
Bullish on 5G, will launch sub-Rs 15,000 smartphone devices: Xiaomi
Says the average selling price of its 5G-enabled devices has come down to below Rs 20,000
 "Bullish on 5G, will launch sub-Rs 15,000 smartphone devices: Xiaomi")