Page 2053 - Company News

A Trapezoid? Conference tables change shape in hybrid-work era

As employees embrace hybrid work, companies need to reevaluate meeting spaces when some attendees are in the office and others dial in

Career banker Vishakha Mulye to be new CEO of Aditya Birla Capital

Incumbent Ajay Srivinasan shall take up another role within the Aditya Birla Group.

LIC board approves IPO issue size to be cut to 3.5% from 5%

The government will sell 3.5% equity for Rs 21,000 crore valuing India's largest insurer at Rs 6 trillion.

NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Torrent Power to acquire 50 MW solar plant from SkyPower Group

Torrent Power has inked a share purchase pact to acquire 100 per cent equity in a 50 MW solar plant of SkyPower Group at an enterprise value of Rs 417 crore.

Reliance Retail drops Future Group deal after secured lenders reject it

Kishore Biyani's retail chain was to sell 19 companies for Rs 24,713 crore as part of an agreement announcement in August 2020.

Future Lifestyle Fashions chairperson Shailesh Haribhakti resigns

The chairperson of Future Lifestyle Fashions Ltd, Shailesh Haribhakti, has resigned observing that 'board's recommendation to find solutions have not been met with implementation impetus'

Reliance calls off deal with Future after secured creditors reject it

A majority of the secured creditors voted against the resolution.

Tata Motors hikes prices to curb rising input cost, effective immediately

Tata Motors on Saturday said it has hiked the prices of its passenger vehicles by an average 1.1 per cent with immediate effect

Supertech stares at insolvency amid heat of twin-tower demolition

Supertech fought a long and draining legal battle to protect its twin towers -- having over 900 flats and 21 shops -- against demolition, which had been ordered for violation of building bylaws

ED in hot pursuit of Rs 5k cr allegedly siphoned off by Unitech's Chandras

They were accused of cheating home buyers on the pretext of a Gurugram based project and since then they are behind the bars

Rising oil prices, inflation to hit India's smartphone market in 2022

The biggest challenge this year will be maintaining device affordability in India, according to global market research firm Canalys

SFC Energy, FC TecNrgy to make hydrogen and methanol fuel cells in India

The venture plans to set up a manufacturing unit, Research & Development and a repair centre in Gurugram, Haryana, a statement said.

Marriott elevates Ranju Alex to VP-South Asia in place of Neeraj Govil

With this, Alex becomes the first Indian woman to head a region at the hospitality firm; Govil moves to Singapore

Hindustan Zinc Q4 profit rises by 18% to Rs 2,928 cr

The company had posted a consolidated net profit of Rs 2,481 crore in the year-ago period, Hindustan Zinc Ltd said in a filing to BSE

Zomato offset about 500,000 metric tonnes of carbon emissions last year

Foodtech major introduces 100 per cent plastic neutral deliveries

United Breweries to gain from volume recovery, easier regulations

Margins, however, could remain under pressure due to high barley, glass prices

Reliance buys 15 mn barrels of Russian oil amid Ukraine war: Report

Western sanctions against Russia since its Ukraine invasion have prompted many oil importers to shun trade with Moscow.

How JCB rose to become the Xerox of bulldozers over a span of two decades

JCB India's revenues jumped from Rs 4,500 cr in 2010-11 to nearly Rs 12,000 cr in 2020-21, while profits surged from Rs 483 cr to Rs 1,500 crore

Govt to finalise Pawan Hans sale Saturday, JSW among bidders: Report

The asset sale plan will help bridge the budget gap and meet spending targets as the economy faces fresh headwinds from the geopolitical tensions