Page 1945 - Company News

Dr Reddy's says it aims to triple reach to 1.5 bn patients by 2030

Under its sustainability goals for the next decade, Dr Reddy's said it is making its "products accessible and affordable for patients" and "25 per cent of new launches to be first to market by 2027"

Rising fuel cost short-to-medium term constraint, says Sanjiv Goenka

The rapidly rising cost of fuel, owing to the Russia-Ukraine crisis and demand-supply factors, is a short-to medium-term constraint, CESC Chairman Sanjiv Goenka has said.

Power Grid board approves proposals to raise up to Rs 11,000 crore

The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans.

PNB puts up for sale NPA account of Burnpur Cement to recover over Rs 50 cr

State-owned PNB has put up for sale the account of loss-making Burnpur Cement of West Bengal and has invited bids from Asset Reconstruction Companies (ARCs) to recover loan of over Rs 50 cr

Rental income of retail malls to increase by 30% in FY23, says report

Rental income of retail malls is expected to increase by 30 per cent in this financial year compared to the last year mainly driven by pent-up demand, vaccination cover and resumption of multiplexes

Shriram Transport Finance gets shareholders' approval for merger with SCUF

Shriram Transport Finance, which is part of the Shriram Group, now awaits approval from Shriram City Union Finance shareholders and creditors and NCLT, CCI and Irdai

Will be more careful, increase aircraft inspection before flights: SpiceJet

'A lot of these incidents that are being reported are relatively minor in nature and happen to every airline. This is nothing unique,' says SpiceJet CMD Ajay Singh

CIL aims to conclude wage pact for non-exec workforce at earliest: Govt

"Coal India Ltd (CIL) has held five meetings under NCWA XI so far. Negotiations for mutually agreeable pact (is) in progress," the Ministry of Coal said in the statement on Wednesday.

Most Delhi-NCR builders see no rate hike-impact on housing demand: Survey

Around 68 per cent of respondents said there has been no impact on demand from recent increase in home loan lending rates, while 27 per cent suggested marginal decrease in sales/enquiry

Macrotech Developers Q1 sales bookings up nearly 3-fold to Rs 2,814 crore

Macrotech Developers said it has achieved a pre-sales of Rs 2,814 crore during the first quarter of 2022-23 fiscal, showing a robust increase of 194 per cent from the year-ago period

SpiceJet shares bounce back amid value-buying; settle over 2% higher

Shares of SpiceJet bounced back on Wednesday, rising more than 2 per cent amid value-buying at lower levels in tandem with a positive trend in the equity market

DGCA show cause notice to SpiceJet following spate of aircraft incidents

Three incidents on Tuesday alone; airline is operating on cash-and-carry basis and vendors aren't being paid regularly, leading to shortage of spares and frequent invocation of minimum equipment list

Reliance Retail partners with Gap Inc. to bring Gap to India

Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms

Inflation continued to 'hit hard' FMCG industry in June quarter: GCPL

The country's FMCG industry continued to be "hit hard by inflation levels" leading to successive price hikes as well as impacting volumes during the three months ended June, according to Godrej

BMW Group India reports 64.2% rise in car sales in Jan-Jun period

BMW Group India on Wednesday reported 64.2 per cent growth in its car sales at 5,570 units in the January-June period of 2022.

Godrej Consumer eyes double-digit domestic sales growth in Q1 of FY23

Godrej Consumer, however, expects a mid-single-digit volume drop on a high base in the quarter

Huawei founder asks employee to give ideas how to boost falling sales

Crippled by heavy US sanctions, telecom conglomerate Huawei is seeking ideas from employees on how to build a better future and get revenues back on track, the media reported on Wednesday.

Amara Raja looks for acquisitions overseas for lead acid batteries

Getting into lithium ion battery making, automotive and industrial battery major Amara Raja Batteries Ltd is looking at acquisitions overseas to expand its lead acid battery business, said soruces

Google announces Startup School India for small-city entrepreneurs

Idea is to bring together investors, successful entrepreneurs and programmers that startups from smaller cities can to tap into and learn from the best; Google aims to tap at least 10,000 startups

GE Renewable Energy commissions 180-MW Bajoli hydro project in Himachal

Three units of 60 MW each have been generating electricity since the project was connected to the grid in March 2022, the company said