Page 2025 - Company News

Navankur Infranergy starts mobile fuel station for doorstep diesel delivery

'Booster Diesel' will meet the demand for diesel by various end-users at their doorstep, according to a release

IDBI Bank board approves appointment of T N Manoharan as part-time chairman

The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the RBI approved term of three years

Shipping Corp board approves changes in demerger scheme for non-core assets

State-owned Shipping Corporation of India on Monday said its board has approved certain modifications in the scheme of arrangement for demerger of the company's non-core assets

Valuations are temporary, values are forever: OYO CEO Ritesh Agarwal

Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, OYO's Founder and Group CEO Ritesh Agarwal said on Monday

OYO completes acquisition of Europe-based Direct Booker for $5.5 mn

OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever

Specially abled child barred from boarding IndiGo flight, NCPCR seeks FIR

The apex child rights body in the country, NCPCR, asked the Jharkhand police on Monday to lodge an FIR against IndiGo for barring a specially-abled child from boarding a flight at the Ranchi airport.

Reliance likely to clock $20 bn EBITDA by end 2022: Morgan Stanley

A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley

Reliance Brands signs franchise agreement with Italian luxury brand Tod's

Indian company says it has become the official retailer of the brand across all categories including footwear, handbags and accessories.

NSE scam: Court defers order on bail plea of Chitra Ramkrishna, Subramanian

A special CBI court here on Monday deferred the verdict on the bail applications of former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency

'10,000 trees': Goldman Sachs' scheme to help restore Bengaluru green cover

Initiative entails a pledge to plant one tree in and around Bengaluru for every Goldman employee in India by 2025

Ratan Tata-backed jewellery retailer BlueStone names Rumit Dugar as CFO

Rated among India's top analysts, he has been associated with organisations such as JP Morgan, Infosys and IDFC

L&T bags water project in Jharkhand; to irrigate 22,283 hectares in Dumka

The project envisages to provide water to irrigate 22,283 hectare of Culturable Command Area (CCA) in Dumka district of Jharkhand by way of pumping water from the Sidheshwari river

Ruchira Green Earth eyes Rs 500 cr revenue by 2025 on pent-up demand

The company also said it is looking to tap into battery swapping and replacement markets apart from large Energy Storage System (ESS) applications in the domestic market

MG Motor India crosses 100,000 cumulative sales mark in nearly 3 yrs

MG Motor, which started selling its vehicles in India with the launch of Hector SUV in June 2019, currently has a portfolio including the electric SUV, ZS EV, premium SUV Gloster and compact SUV Astor

Glenmark gets tentative nod from USFDA for generic psoriasis foam

The tentative approval granted to Glenmark Pharmaceuticals Inc, USA (Glenmark) by USFDA is for Calcipotriene and Betamethasone Dipropionate foam

42% users say e-commerce sites display country of origin: LocalCircle study

It has been almost two years since govt asked online platforms to ensure compliance to display this information

Pushp Kumar Joshi takes over as CMD of HPCL with effect from May 8

Pushp Kumar Joshi on Sunday took over as the new chairman and managing director of India's third largest oil refining and fuel marketing company Hindustan Petroleum Corporation Ltd (HPCL).

Macrotech to invest Rs 3.8k cr in FY23 on realty projects' construction: MD

Asked about deliveries of projects, he said the company delivered 6,000 housing units last fiscal year and the target is 10,000 units for 2022-23

RIL sees gas prices rising in Oct; says revenue grew 3.5 times in FY21-22

It is anticipated that the price of gas from old fields of state-owned ONGC will be hiked to about USD 9 per mmBtu and the cap for difficult fields will rise to double digits

Tata Steel's Europe bet pays off after 15 years and major cost takeout

In FY22, Tata Steel reported highest ever consolidated EBITDA of Rs 63,830 cr and Europe contributed significantly with EBITDA of Rs 12,164 cr