Page 2107 - Company News

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

Alembic acquires 100% stake in Aleor Dermaceuticals from JV partner

The move is aimed at strengthening its skin-related manufacturing and marketing footprint

Aurobindo's Veritaz acquisition unlikely to add much value: Analysts

Deal is nonetheless a stepping stone in the drug firm's strategic plan to focus on domestic formulations market, where it aims to have Rs 1,000-cr sales in three years

Hero MotoCorp made over Rs 1k-cr bogus expenses, I-T search reveals: Report

Income Tax Department carried out a search and seizure operation on March 23 on Hero Motocorp and its chairman and managing director Pawan Munjal at multiple locations in Delhi-NCR

BS Annual Awards 2021: Stellar jury picks the best of India Inc

Eight of country's top decision-makers met virtually to select the winners in 7 categories

BS Awards for Corporate Excellence 2021: Samina Hamied lauds team effort

Cipla, which has seen a generational change in its leadership, draws 40 per cent of its revenues from India and 21 per cent from the US market.

Record beckons for Coal India, FY22 production may exceed 620 mn tonnes

Coal India Ltd is set to post its highest-ever production during the 2021-22 fiscal, topping the 620-million-tonne mark and bucking two years of a declining streak of annual output, official said.

HDFC Bank to infuse Rs 3 cr to acquire stake in debt resolution firm IDRCL

HDFC Bank on Tuesday said it has inked an agreement to invest Rs 3 crore in the first tranche to acquire a stake in debt management company IDRCL.

Anuj Mittal appointed as Paytm's VP-Investor Relations, will report to CFO

Anuj Mittal is expected to drive the paytm's corporate-investor relations, acting as a liaison between the management and investors

Apple reportedly slashing production of latest iPhone SE by 20%

Apple unveiled the latest iPhone SE earlier this month and now a new report has climed that the iPhone maker has asked multiple suppliers that it aims to cut production orders by 2 to 3 million units

Ex-Google CEO funneled money into Biden's science office, paid salaries

In a startling revelation, a report has claimed that former Google CEO Eric Schmidt's foundation poured money into the White House Office of Science and Technology Policy

Tata Steel UK using bacteria-technology to recycle its emissions

Tata Steel's blast furnaces in the UK are using billions of microscopic bacteria to convert its emissions into stock materials for other industries to make recycled products