Page 1999 - Company News
WardWizard lines up Rs 650 crore investment to set up Li-ion plants
WardWizard plans to invest around Rs 600-650 crore to come up with the required infrastructure over the next 18 months
 "WardWizard lines up Rs 650 crore investment to set up Li-ion plants")
Reliance spends Rs 1,185 cr on corporate social responsibility in FY22
Reliance Industries Ltd spent a record Rs 1,184.93 crore in fiscal year ended March 31 on corporate social responsibility (CSR) initiatives
 "Reliance spends Rs 1,185 cr on corporate social responsibility in FY22")
JSW Steel earmarks Rs 20,000 cr capex, hopes export duty to be short-lived
JSW Steel has earmarked Rs 20,000 crore capital expenditure in the current fiscal and hoped that headwinds such as export duty on steel and high coal prices are likely to be short-lived
 "JSW Steel earmarks Rs 20,000 cr capex, hopes export duty to be short-lived")
We'll be only co in India with play in both beer and spirits: Inbrew chief
In a Q&A, Ravi Deol talks about why he acquired these mass brands and the Inbrew Holdings' plans to grow the business
 "We'll be only co in India with play in both beer and spirits: Inbrew chief")
United Spirits to focus on premium brands after selling 32 low-priced ones
United Spirits's higher-priced products, called 'Prestige & Above' segment, accounted for 72.5% of net sales in FY22
 "United Spirits to focus on premium brands after selling 32 low-priced ones")
Airlines upbeat as business travel rebounds after a 2-year lull in pandemic
Domestic air traffic till now was largely fueled by leisure and people visiting their families
 "Airlines upbeat as business travel rebounds after a 2-year lull in pandemic")
Firms to submit bids for third round of discovered small fields on May 31
Majority of the investments in OALP and DSF blocks are set to come up in the coming years
 "Firms to submit bids for third round of discovered small fields on May 31")
Auto companies ring up higher net sales, profits in March quarter
Semiconductor shortage and high commodity prices dent margins
 "Auto companies ring up higher net sales, profits in March quarter")
Gujarat cabinet nod for Tata Motors' takeover of Ford India's Sanand plant
Tata Motors to continue to enjoy incentives that were extended to Ford India
 "Gujarat cabinet nod for Tata Motors' takeover of Ford India's Sanand plant")
RIL, Adani in three-horse race to strike a deal with Germany's Metro AG
In talks to buy a partial or full stake in German retailer's India unit
 "RIL, Adani in three-horse race to strike a deal with Germany's Metro AG")
'Demon preaching vedas': Future Rt'l independent directors on Amazon claim
US e-commerce giant had accused them of 'fraudulent stratagem' in transferring 835 stores to Reliance group.
 "'Demon preaching vedas': Future Rt'l independent directors on Amazon claim")
Hinduja Global Solutions Q4 profit jumps to Rs 5,686 cr on one-off gains
Hinduja Global Solutions said it consolidated profit after tax jumped multi-fold to Rs 5,686 crore for March, mainly on account of gains from divestment of its healthcare services business.
 "Hinduja Global Solutions Q4 profit jumps to Rs 5,686 cr on one-off gains")
BGauss Auto to invest Rs 40 cr to double electric two-wheeler manufacturing
The company plans to have five to six products in the high-speed electric scooters segment after two years
 "BGauss Auto to invest Rs 40 cr to double electric two-wheeler manufacturing")
Rare structural breach in scooter battery packs caused fire: Ather Energy
The EV maker said the scooter in question had been brought to the Nungambakkam facility for service after an accident
 "Rare structural breach in scooter battery packs caused fire: Ather Energy")
NCLT allows insolvency proceedings against National Textiles Corp
NCLT has ordered to initiate insolvency proceedings against state-run NTC after admitting a plea by one of its operational creditors claiming default of around Rs 14 lakh
 "NCLT allows insolvency proceedings against National Textiles Corp")
JK Tyre lines up Rs 1,100 crore capex for two years, says CFO Aggarwal
JK Tyre and Industries has planned a capital expenditure of Rs 1,100 crore till next financial year, company's CFO Sanjeev Aggarwal said
 "JK Tyre lines up Rs 1,100 crore capex for two years, says CFO Aggarwal")
Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh
PSU major Indian Oil Corporation (IOC) on Sunday said it is looking to transport fuel to Tripura through Bangladesh as the rail network has been totally snapped due to massive landslides in Assam
 "Indian Oil Corporation plans to transport fuel to Tripura via Bangladesh")
ITC acquires 10% stake in Blupin Technologies for Rs 39.34 crore
Diversified entity ITC on Saturday said it has acquired a 10.07 per cent stake in Blupin Technologies Pvt Ltd, the company behind direct-to-consumer (D2C) brand, Mylo.
 "ITC acquires 10% stake in Blupin Technologies for Rs 39.34 crore")
Adani Group's drone division exploring two revenue models: Know more
The Adani Group's commercial drones division is exploring two revenue models -- dealer-based and service-based -- while keeping its primary focus on the agriculture sector
 "Adani Group's drone division exploring two revenue models: Know more")
'Thanks, but no thanks,' says Ola Electric's Bhavish Aggarwal to Elon Musk
Tesla, which has been seeking reduction in import duties to sell its vehicles in India, won't manufacture its products locally unless it is allowed to first sell its cars in the country, its CEO said
 "'Thanks, but no thanks,' says Ola Electric's Bhavish Aggarwal to Elon Musk")