Page 2101 - Company News

IndiGo names Gaurav Negi new CFO, expands role of strategy head

Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years

Future Enterprises defaults on Rs 19.16-crore loan repayment

The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing

From fleet to marketing, Alliance Air plots strategy for life beyond AI

Experts point out that profitability will be a challenge for the airline especially in view of high fuel prices

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Twitter bets on cricket in India market with new features, content formats

Between January 2021 and January 2022, 4.4 million Indians on Twitter shared 96.2 million tweets about cricket

Tata Sons nets Rs 11,164 crore from TCS buyback, LIC Rs 528 crore

Close to a million retail investors in TCS tender shares in the just-concluded buyback programme

SMSes pertaining to FPO not issued by the company, says Ruchi Soya

Ruchi Soya Industries has filed a first information report in Haridwar to investigate the origin of the messages doing the rounds on social media

'Pain in system is too much': Motherson Sumi chief sees lot of acquisitions

The $10-billion Motherson Sumi group, which has acquired 27 companies in the last two decades, is gearing up to acquire several more in the coming months, indicated its chairman V C Sehgal

Ind-Ra upgrades Vedanta's long-term issuer rating to 'AA'; outlook stable

India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook.

USL extends deadline for strategic review of its liquor brands till May 31

On December 27, 2021, it had extended the deadline by three months till March 31, 2022

Tata Consumer Products announces recast of India and overseas businesses

To combine Tata Coffee's business into Tata Consumer Products and its wholly owned subsidiary through a composite scheme of demerger and merger

Defence ministry seals Rs 1,109 crore contract with Bharat Electronics

The ministry said the IEWR will be used to test and evaluate airborne electronic warfare (EW) equipment and validate their deployment in an operational scenario

RINL, NMDC production hit as workers remain on strike for 2nd day: Union

Thousands of workers of state-owned RINL and NMDC boycotted work for a second day on Tuesday as part of the nationwide strike, affecting steel production and mining operations, a union leader said.

Ruchi Soya board meeting to fix FPO issue price postponed to March 31

Shares of Ruchi Soya surged on Tuesday after the company clarified that the SMSes pertaining to investments in its FPO have not been issued by the company or its promoters

Govt to sell up to 1.5% stake in ONGC to raise Rs 3,000 cr

The Offer For Sale by the govt will be open on March 30 and 31, says ONGC; the floor price for the OFS has been set at Rs 159 per share

Hero MotoCorp to hike prices by up to Rs 2,000 from April 5

The company will make an upward revision in the ex-showroom prices of its entire product range

Gujarat's dyes, intermediates units look to work around input cost hike

They plan to shorten contract cycles, hedge as rupee declines vs dollar; industry's exports stands at $18 bn a year, of which Gujarat's share is almost 80%

Alembic Pharma fully acquires Aleor Dermaceuticals from JV partner

Picks up remaining 40% stake from JV partner Orbicular Pharmaceutical

Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone

Indus Towers caters to all wireless telecommunication service providers in India

IndiGo appoints Gaurav Negi as CFO replacing Jiten Chopra

With around 53 per cent domestic passenger market share, IndiGo is India's largest airline