Page 2003 - Company News

Prestige Group to pump at least Rs 7,500 cr to gain foothold in Mumbai

The listed company, which has a presence in the southern market and has delivered over 250 projects, will develop both residential and commercial projects in the financial capital

Tata Motors expects PV industry to surpass FY19 volumes this fiscal

The firm expects a better business environment this fiscal even as chip shortages continue to making it challenging to cater to the enhanced demand

HCL, UNLEASH to develop solutions for aquatic ecosystem conservation

These solutions will aim to tackle challenges from source (mountains and glaciers) to sink (oceans and seas) and their links to terrestrial ecosystems, according to a statement

Cooling items in hot demand; refrigerator, AC sales jump: Croma report

As per Croma's 'Unboxed Summer 2022' report, sales of refrigerators have shot up more than 100 per cent over 2021, while those of air conditioners (ACs) jumped by three times

Talent within? CEO choice puts spotlight on Indian airlines' HR policies

Foreigners being selected to lead Indian carriers speaks about the companies' succession planning, say experts.

Ukraine war, economic uncertainty delays Nayara Energy stake sale plan

"With the war, the chances of a Western company buying a stake in Nayara looks difficult. They may have to look for Indian equity partners," said a banker.

Amazon accuses Future independent directors of 'fraudulent stratagem'

Amazon dragged Future Group to arbitration at SIAC in October 2020, arguing that FRL had violated their contract by entering into a deal for sale of its assets to Reliance Retail

FMCG, paint companies feel the pain as rupee slides to an all-time low

The rupee's free fall comes at a time when FMCG and paint companies have been battling higher raw material costs for over a year, and have been forced to go for multiple rounds of price hikes

Infosys reappoints Salil Parekh as CEO and MD for the next 5 years

Parekh, the CEO & MD of Infosys since January 2018, has successfully led Infosys in the last 4 years

LIC Housing Finance plans to expand project loan business in FY23

With this, "the company will take the share of project finance from 5 per cent to 10 per cent in incremental business in the current year", said Y Viswanatha Gowd, MD and CEO, LIC Housing Finance.

New audit rulebook for SPACs in offing: Govt may legalise, allow listing

The draft Bill to amend the Companies Act is expected to be ready by the second quarter of the current fiscal year

L&T plans to exit road, power concessions, incubate digital business

Company aims to touch revenue of Rs 2.7-3 trillion, achieve order inflow of Rs 3.4 trillion and return on equity of over 18 per cent by FY26

Musk's troubled tryst with India: Tesla, Starlink in limbo for over a year

Musk clearly needs to take a relook at his overall India plan

Promoter status in Eveready hinges on completion of 'open offer': Burmans

The promoter status for Burman family in Eveready Industries, in which it is vying to acquire an additional 26 per cent stake through a Rs 607-crore open offer, hinges on the nod by SEBI

Zomato Q4 results: what to look at in food-delivery firm's numbers tomorrow

Zomato loss had narrowed substantially to Rs 63 crore for the third quarter ended December (Q3FY22) from a loss of Rs 352 crore in the year-ago period

Uber steps up bus service, runs pilot services in Delhi and Gurgaon

The Uber app will let customers book bus seats as the company works with private firms and state-run services.

Export duty hike: Ficci seeks 3 months to clear 'pending steel orders'

Three-month exemption will provide some relief to the players whose orders are in the pipeline, an industry executive said.

LML Electric plans 3 products next yr, to invest Rs 350 cr for expansion

LML Electric, which has announced its plans to roll out three products next year, is looking to invest Rs 350-crore in the business, including in setting up a new manufacturing plant

JK Cement plans to raise up to Rs 500 cr via non-convertible debentures

The company had on Saturday reported 6.93 per cent fall in consolidated net profit at Rs 199.44 crore for the fourth quarter ended March 31, 2022

GAIL's natural gas supply reaches HPCL Mittal Energy refinery in Bathinda

The dedicated pipeline, which will supply 1 million standard cubic meters per day of gas to HMEL, has been laid at a cost of Rs 142 crore