Page 2000 - Company News

IndiGo slips into losses due to exchange rate and higher fuel price

To deploy 60% more capacity in FY23 as it sees demand improving

Sebi exempts govt from making open offer to Vodafone Idea shareholders

In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest.

Strong volume growth trajectory, domestic biz outlook to support Concor

Concor's Aggressive capex rollout unlikely, given past record and divestment uncertainty

How policy uncertainty, other factors made Ford pull the plug on its EV PLI

The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat

Water-from-air tech: Israel's Watergen inks JV with SMV Jaipuria Group

Israel-based company Watergen on Wednesday announced a strategic joint venture with SMV Jaipuria Group with a planned investment of more than $50 million (over Rs 387 crore) in the next 2-3 years

'Vedanta to finalise $20-bn Indian chip, display unit site by mid-June'

Chairman Anil Agarwal said on the sidelines of the annual World Economic Forum the first phase of Vedanta's project will entail an investment of $2 bn

Dalmia Bharat leads slide in sugar stocks, tanks 13% on export ban

Sugar stocks fell sharply on Wednesday, a day after the government imposed restrictions on sugar exports from June 1 to increase availability of the commodity in domestic market and curb price rise.

Arvind SmartSpaces eyes nearly 50% real estate sales on digital platform

Industry average among organised real estate currently at 30%

Top headlines: Govt approves stake sale in HZL; IndiGo Q4 loss widens

Business Standard brings you the top headlines on Wednesday

Travel service providers Easy Trip Planners Q4 profit drops 23% to Rs 23 cr

Easy Trip Planners Ltd on Wednesday reported a 23.4 per cent decline in consolidated net profit at Rs 23.34 crore for the fourth quarter ended March, impacted by lower revenue and higher expenses.

J&J, Momenta Pharma file patent infringement lawsuit against Natco, Mylan

Johnson & Johnson and Momenta Pharmaceuticals lawsuit alleges infringement of two old patents associated with 20mg/ml and 40mg/ml Glatiramer Acetate injection, Natco said in a regulatory filing.

LG targets leadership position with 32% share of Indian TV market

LG is one of the few brands which manufactures TV panels in India with an R&D set-up to create products based on local insights

Walmart-owned PhonePe launches UPI SIP for investing in 24K gold

Setting up a gold SIP on PhonePe is a one-time, hassle-free process and all subsequent investments are completely automated

WSO2 completes $93 mn series E funding with investment from Info Edge

WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India

Samsung SDI, Stellantis to set up $2.5 billion EV battery plant in US

Samsung SDI will own a 51 per cent stake in the $2.5 billion joint venture company set up with the Chrysler parent, and its investment could increase to as much as $1.57 billion in the long term

ICICI Direct launches life-stage investing tool LIFEY for customers

ICICI Direct has launched LIFEY with a dashboard, which will enable its customers to comprehensively track the progress of their goals and provides timely alerts

Esports fan engagement startup STAN raises $2.5 mn in seed funding

The round was led by venture capital firm General Catalyst, alongside other VCs including Better Capital and Eximius Ventures

WEF 2022: Andhra signs 3 MoUs, AMNS India announces Rs 1,000 cr investment

World Economic Forum 2022: ArcelorMittal Nippon Steel India intends to complete the expansion project in 2023

Chennai-based global tech company Zoho Corp invests Rs 20 cr in Genrobotics

Zoho's investment will assist Genrobotics in its mission to eradicate manual scavenging in India and provide safety and dignity to workers in sanitation and oil and gas industries

Imported coal set to increase NTPC's final tariff by 50-70 paise

For the upcoming monsoon season, which is also the time when coal mining activity is reduced, NTPC is shoring up its own reserves