Page 2018 - Company News

Rays Experts to commission world's largest solar park in Rajasthan

The 9000-acre solar park will be built in Bikaner, Rajasthan

Hyundai ties up with Tata Power to set up fast charging EV infrastructure

Under the collaboration, 60 kW DC charging stations will be installed at the company's 34 EV dealerships in 29 cities to cater to all kinds of electric vehicles

Greenko setting up world's largest RE storage plant at $3 bn investment

The project is expected to be commissioned by 2023, Kolli said

EMC case: Pawan Hans bidder initiates process to appeal against NCLT order

The statement from the Cayman Islands-based fund comes a day after the government decided to put on hold the sale of Pawan Hans as it was legally examining the NCLT order against AGOF

NCLT Kolkata dismisses Kanoria application against KPMG forensic report

Sources say tribunal also rejected contempt petition filed by Kanoria after Punjab & Sind Bank declared the account fraud

From double-digit hikes to promotions, India's IT talent takes the cake

The salary increases are not restricted to the Indian IT industry. Globally too, tech talent is being rewarded as never before

PE firm Multiples picks up 9.3% stake in BDR Pharma for Rs 685 cr

Multiples is the first private equity (PE) investor in BDR Pharma

Dr Lal Pathlabs Q4 consolidated PAT dips 27% to Rs 62 cr, stock sheds 1%

Operating revenue rose 12.7% during the quarter to Rs 485.5 cr; Covid-19 and allied segments added roughly 13.6% to Q4 top line

DLF Q4 net profit declines 16% to Rs 405 cr; total income falls 13%

DLF said that its sales bookings more than doubled to Rs 7,273 cr. Net debt at the end of fiscal stood at Rs 2,680 cr, a 46% Y-o-Y reduction

IOC posts highest revenue by any Indian company, record profit in FY22

Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back

UltraTech, JSW lost Ambuja race due to CCI concerns: Holcim CEO

The CEO said the smoothness of the execution of such a transaction was a major factor in taking the decision.

Airtel Q4 net up 3x to Rs 2,008 cr on tariff hike, exceptional income

Consolidated revenue rises 22.3% YoY to Rs 31,500 crore, ARPU up 9.2% sequentially and over 22% YoY to Rs 178

Govt weighs selling part of BPCL instead of entire stake: Report

New Delhi is considering inviting bids for a 20%-25% stake in BPCL, instead of an outright sale of its entire 52.98% holding, say two government officials who declined to be named

DCC clears the 5G spectrum auctions as per Trai's recommendations

The Trai had recommended earlier that band between 27.5 GHz to 28.5 GHz should also be auctioned and given for mixed use to telecom operators as well as satellite operator

Adani-Holcim deal: LIC may exit Ambuja Cements, ACC via open offer

Insurer owns shares aggregating Rs 7,000 crore

Street betting on revival of metals cycle amid buzz of over-correction

High input costs leading to margin pressure, lower-than-expected realisations are among downside risks

Down nearly 8% at closing bell, LIC adds to poor listing scorecard of PSUs

Most large floats by the government have failed to create long-term wealth for investors

Motilal Oswal Financial Services announces buyback of shares for Rs 160 cr

Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore.

Luxury watch player Ethos gets Rs 142 cr from anchor investors ahead of IPO

Luxury and premium watch retail player Ethos on Tuesday said it has raised around Rs 142 crore from anchor investors ahead of its initial share sale, which opens for subscription on Wednesday.

LIC debut is 2nd worst among 11 global firms that raised over $1 bn in 2022

The poor listing is set to disappoint millions of small-time investors who bid enthusiastically for the issue because of their long and emotional association with the insurer and its products