Page 1896 - Company News

Ashok Leyland expects commercial vehicle industry to grow at fast pace

Ashok Leyland expects the commercial vehicle industry to grow at a fast pace in the coming quarters, with economic activity gaining momentum and demand picking up across segments

DLF cuts net debt by 16% sequentially to Rs 2,259 cr in Q1 on strong sales

It asserted that the completed inventory and receivables from customers against sold units would be sufficient to discharge all current liabilities

Tata Steel to roll out 'First in India' seating system for Vande Bharat

Tata Group is planning to spend Rs 3,000 crore on R&D by FY26 and set to roll out the 'First in India' seating system for Vande Bharat Express trains from September 2022, a top official said

We continue to increase our reach and access in India, say Sun Pharma execs

Senior Sun Pharma executives speak on a two-pronged strategy for the China market, beginning R&D of biosimilar products, and more

Piramal, Oaktree seek more time to make offers for Reliance Capital

Lenders target to resolve debt worth Rs 50,333 crore by FY23

Adani raises $5.25 bn from global banks to fund acquisition of Ambuja, ACC

The Adani family is acquiring Ambuja and ACC with a capacity of 70 mtpa at a total cost of $10.5 billion, including the open offers to be made to the minority shareholders of the companies

5G spectrum auction: Bids cross Rs 1.5 trn; UP East sees renewed interest

Seven new rounds of bidding held on the sixth day of auction on Sunday 'dialled in' an incremental Rs 163 crore, propelling the cumulative spectrum sale beyond the Rs 1.5 trn-mark

IndiGo expects to be on 'profitable growth' path soon, says CEO

The airline is also working to address the issues of employees, according to its CEO Ronojoy Dutta

Ujjivan to enter gold loan segment soon; to offer auto loans to customers

The Bengaluru-based microfinancier-turned-small finance bank is also expecting to hit over 30 per cent this fiscal and take its loan book to around Rs 25,500 crore

Concluding wage revision pact with coal workers highest priority: CIL chief

The latest wage revision which would benefit around 2.39 lakh non-executive manpower of coal India has been due since July 1, 2021.

Spectrum auction enters Day 6 of bidding; garners nearly Rs 1.5-trn so far

The pitched battle in UP East circle - where demand for 1800 MHz had peaked since Wednesday - seems to be cooling off now, indicating that the auctions may be entering the final leg, say sources

DLF aims 10% growth in sales bookings to about Rs 8,000 cr in FY23

Realty major DLF Ltd is targeting a 10 per cent growth in its sales bookings to about Rs 8,000 crore this fiscal on better demand for its housing properties

5G auction nears Rs 1.50 trn mark on Day 5; bidding to resume on Sunday

The reserve price fixed for spectrum is a "fair number" and the same is visible from the auction outcome, said telecom minister Vaishnaw

5G auction day 5 concludes, will continue for few more days: Vaishnaw

Reliance Industries' Jio, rivals Bharti Airtel and Vodafone Idea, as well as billionaire Gautam Adani's Adani Enterprises Ltd were all among the bidders for 5G airwaves

SpiceJet lessor asks DGCA to de-register three planes amid high costs

A Dubai-based lessor of SpiceJet Ltd has asked India's aviation regulator to deregister three of the budget airline's planes as SpiceJet struggles with high costs and maintenance challenges

Dr Reddy's Laboratories inks licensing pact with US' Slayback Pharma

Dr Reddy's Laboratories on Saturday said it has entered into a pact with US-based Slayback Pharma to acquire rights of a medication to relieve redness of the eyes

Mahindra & Mahindra records 100,000 bookings for Scorpio-N within 30 mins

The company said that the bookings translated into an ex-showroom value of $2.3 billion

Amazon reduces headcounts by 100,000, sees stabilisation in workforce

Amazon has reduced its direct workforce by nearly 1 lakh, the largest sequential drop in its history, primarily at its fulfillment centres and distribution network.

Lessor pushes to repossess SpiceJet aircraft as payment negotiations fail

Aircraft lessor DAE has approached aviation regulator DGCA to deregister three SpiceJet 737 planes

Will never merge: Ola CEO rubbishes reports of merger talks with Uber

Ola founder and CEO Bhavish Aggarwal has rubbished reports in a section of media about the company being in talks with Uber for a possible merger