Page 1948 - Company News

Brokerages remain bullish on Reliance Industries despite windfall tax

Reliance Industries shares gained as much as Rs 32.9, or 1.4 per cent intraday, on the BSE on Monday, before finally closing trade at Rs 2,413.95 apiece

Tata Steel completes Rs 12,100 cr acquisition of NINL via step-down arm

Apart from a 1.1 mt plant, Neelachal Ispat Nigam has iron ore mines with reserves of 90 million tonnes and 2,500 acres of land providing scope for future expansion

Rakesh Jhunjhunwala-backed Akasa Air unveils first look of its crew uniform

Akasa Air on Monday unveiled the first look of its crew uniform as the startup carrier prepares for take-off in the coming weeks.

IL&FS approves Siva Shelters's proposal to restructure loan to subsidiary

Siva Shelters offers to pay 20% of settlement amount immediately on signing of agreement

Ford India Unions call off month-long strike, return to discussion table

Company revises severance package to 121 days from 115 earlier

Electric vehicles brace for trial by fire as firms remain optimistic

Between January-June, the eight players registered collectively a total of 212,000 electric scooters

Tata Motors targets five-fold rise in electric vehicle sales by FY24

Will look to sell 100K units by next year: Chandrasekaran

PNB raises Rs 2,000 crore via AT1 capital bonds at lower rate of 8.75%

Gains from easing bond yields worldwide; better rate comes against indicative yield of 9-9.25%

Fund-raising drive on track, majority of the $800 mn received, says Byju's

The firm said its payments to education firm Aakash for a $1-billion deal struck last year have concluded and the audited financial results will be out in 10 days

LIC to hold first AGM on Sept 27 via video-conference, other AV means

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Indian cryptocurrency exchange Vauld suspends withdrawals, trading

Company says it's looking for new potential investors as it considers the option of restructuring

Shareholders turn down Reliance Power's asset monetisation plan

A report by Institutional Investor Advisory Services (IiAS) last month says that the company has defaulted on loans to the tune of Rs 3,561 crore as on March 31, 2022

Our expansion plans will take a hit due to ATF duty, say airlines

Say the move will make international flights uncompetitive, seek rollback

Valuation hurdle stiff for DMart despite 26% correction since January

Store additions strong while same store sales declined in Q1

AEL lowest bidder in CIL's maiden import tender, miner may negotiate price

Adani Enterprises has emerged as the lowest bidder in Coal India's tender for imports of the dry fuel with quoting over Rs 4,000 crore for supply of 2.416 million tonne, sources said

When flying over Indian skies, it's a bird, it's a plane, it's a bane

Birds and sundry animals pose a permanent safety hazard at Indian airports built near densely populated areas

Vedanta aluminium output rises by 3% to 565,000 tonnes in Apr-Jun

Mining giant Vedanta Ltd on Monday reported a 3 per cent increase in its aluminium production to 5,65,000 tonnes in the April-June quarter of the ongoing fiscal.

Tata Steel to work 'expeditiously' to restart NINL, expand capacity

Tata Steel on Monday said it will work "expeditiously" to restart NINL and simultaneously draw a plan to expand its capacity to produce 4.5 MTPA long products complex in the next few years.

Paper stocks in demand amid ban on certain single-use plastic items

Since June 30, shares of Seshasayee Paper and Boards jumped 7%, Andhra Paper gained 6.2%, Tamil Nadu Newsprint & Papers climbed 4.62% and Satia Industries advanced 4.62% on the BSE

Tata Motors expects its performance to be better in H2FY23: Chandrasekaran

Tata Motors expects second half of the current fiscal to be better in terms of performance with gradual improvement in the overall supply situation in commodity prices, according to N Chandrasekaran.