Page 2114 - Company News

Airbus leans on existing ties with Tatas as it pitches A350 to Air India

The Tata group is also in preliminary talks with planemakers for renewing Air India's aging long-haul fleet of Boeing 777s

Piramal Capital drags Anil Ambani companies to NCLT over unpaid dues

Reliance Natural Resources had defaulted on a loan of Rs 526.1 cr from DHFL before it was taken over by Piramal Capital last September for Rs 34,250 cr

Parl panel pitches for carving out MTNL's debt, assets worth Rs 26,500 cr

DoT should consider carving out MTNL's debt and assets worth over Rs 26,500 crore into a special purpose vehicle and then merge its operations with BSNL, according to a Parliamentary panel

Banks to start debt recovery proceedings against Future Retail: Report

Future, hit by the pandemic, has been struggling to pay off its debt and is fighting a bitter legal battle with US retail giant Amazon

Indian Potash signs five-year purchase deal with Israel Chemicals

Among the various items that have seen a spike in their prices due to the Russia-Ukraine conflict is Muriate of Potash (MOP) fertiliser

Sun Pharma to acquire 11.28 pc stake in Zenotech from Daiichi Sankyo

Sun Pharma said it will pay Rs 5.32 crore for the stake

Shankara Building MD offloads co's shares for over Rs 75 crore

Shankara Building Products Ltd's Managing Director Sukumar Srinivas on Monday offloaded over 10 lakh shares of the company for Rs 75 crore through an open market transaction.

Will 5G launch in India turn the tables for telecom companies financially?

Telcos are focusing on building a market for new-use connectivity services till the consumer base gains critical mass

Qualcomm launches $100 mn Snapdragon Metaverse Fund for XR firms

The fund will invest in developers and companies building unique, immersive XR experiences, and associated core AR and related AI technologies

Bank of India invests nearly Rs 109 cr in NARCL

The bank's shareholding in NARCL will come to 9 per cent as on March 21, 2022

CtrlS commences work on its third data center in Hyderabad

The to-be-constructed CtrlS Gachibowli DC2 is located in the Financial District of Hyderabad sharing the neighbourhood with Capgemini, Microsoft, Virtusa, Infosys, and other IT and BFSI companies.

Zomato CEO says 10-minute food delivery will soon be a reality: Here's how

'Nobody in the world has so far delivered hot and fresh food in under 10 minutes at scale, and we were eager to be the first to create this category, globally,' says Deepinder Goyal

Indian Potash signs 5-year purchase agreement with Israel Chemicals

Indian Potash Ltd has signed a five-year deal to import muriate of potash from Israel Chemical Ltd, according to a government statement released on Monday

REC board okays Rs 85,000 cr borrowing plan for 2022-23

According to the filing, the company has planned to raise Rs 75,000 through issuance of bonds , term loans and external commercial borrowings

Airbus in talks with Tatas, Indian carriers for A350XWB aircraft

Wide-bodied planes like A350XWB have larger fuel tanks that allow them to travel longer distances as compared to narrow-bodied aircraft like A320NEO

Top headlines: Plane carrying 132 crashes in China; LIC IPO papers updated

Business Standard brings you the top headlines on Monday

'Qualcomm chips dominate in Android devices priced above $300'

Qualcomma's share in smartphones priced above $500 increased from 41 per cent in 2020 to 55 per cent in 2021 owing to the launch of flagships Snapdragon 888 and 8Gen 1

SoftBank-backed Ola Electric invests in Israeli battery tech firm StoreDot

It's the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry & manufacturing and new energy systems

In touch with Tata for providing new aircraft for Air India: Airbus India

Global aerospace major Airbus India on Monday said that it is in touch with Tata Group for providing its new aircraft A350 for Air India.

Logistics firm TCI lines up Rs 250 cr capital expenditure for FY23

Logistics firm Transport Corporation of India is planning to line up a capital expenditure of around Rs 250 crore for the next fiscal, a top company executive has said.