Page 2139 - Company News
Irdai wants insurers at par with banks on legal recourse for surety bonds
The finance minister in her Budget speech this year had said that surety bonds can be used as a substitute for bank guarantees for government procurement
 "Irdai wants insurers at par with banks on legal recourse for surety bonds")
Global community can tap India's Covid vaccine capacity, say firms
Bharat Biotech MD Krishna Ella said India now has four BSL-4 containment facilities, equal to that of the UK.
 "Global community can tap India's Covid vaccine capacity, say firms")
IFCI approves allotment of preferential shares to govt to raise Rs 100 cr
The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing
 "IFCI approves allotment of preferential shares to govt to raise Rs 100 cr")
IT, oil & gas producers among few hedges amid global market turmoil
Metals and pharma stocks too stand to gain, but higher input costs and supply chain disruptions are potential headwinds
 "IT, oil & gas producers among few hedges amid global market turmoil")
Voda Idea, A5G Networks team up on industry 4.0, smart mobile edge network
The two companies have jointly set up a pilot private network in Mumbai utilising existing 4G spectrum, according to a statement
 "Voda Idea, A5G Networks team up on industry 4.0, smart mobile edge network")
British retailer Marks & Spencer launches homeware collection in India
The company is targeting urban consumers through its homeware collection, said Marks & Spencer Reliance India Managing Director James Munson
 "British retailer Marks & Spencer launches homeware collection in India")
MMTC-PAMP aims at Rs 1,000-crore revenue from eastern region in 5 year
With the launch of the Kolkata unit, the company now has 14 stores across the country
 "MMTC-PAMP aims at Rs 1,000-crore revenue from eastern region in 5 year")
Budget carrier IndiGo partners with MakeMyTrip for holiday offerings
IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays
 "Budget carrier IndiGo partners with MakeMyTrip for holiday offerings")
CIL looking to offer over 100 closed, discontinued mines to private sector
'The Ministry of Coal held a stakeholder consultation on revenue sharing model for discontinued/closed mines of CIL here today with the private sector,' the statement said
 "CIL looking to offer over 100 closed, discontinued mines to private sector")
NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant
State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years.
 "NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant")
IndiGo partners with MakeMyTrip for domestic and overseas packages
IndiGo said it will use its extensive flights inventory across the network in conjunction with MakeMyTrip's vast inventory of hotels and activities, to offer holiday packages under 6E Holidays
 "IndiGo partners with MakeMyTrip for domestic and overseas packages")
Financial services player Northern Arc group buys Smile Microfinance
The transaction involves taking over the microfinance portfolio of Smile along with its 150 branches catering to over 2 lakh customers served by around 850 employees
 "Financial services player Northern Arc group buys Smile Microfinance")
Wipro announces over 500 technology jobs in Brazil in next fiscal year
IT major Wipro Ltd on Thursday announced over 500 technology jobs in Brazil in the next fiscal year, to support growth in delivering cloud solutions to clients.
 "Wipro announces over 500 technology jobs in Brazil in next fiscal year")
Bharat Bio working on TB vaccine, to ink pact with a firm for technology
Without providing details on the name of the firm with which BBIL will be inking MoU, Ella said the TB vaccine is currently undergoing phase 3 clinical trials
 "Bharat Bio working on TB vaccine, to ink pact with a firm for technology")
Two-wheeler sales volume to fall for third straight fiscal year: Crisil
'Three consecutive years of decline will take two-wheeler sale volumes back to the fiscal 2014 level and it may take 3-4 years to reclaim the peak sales volume of 2.11 crore seen in 2019'
 "Two-wheeler sales volume to fall for third straight fiscal year: Crisil")
Coal India considers private sector to run discontinued mines
India is considering partnering with private companies to operate mines which have been previously shut or production discontinued by state-run Coal India Ltd
 "Coal India considers private sector to run discontinued mines")
Alibaba reports smallest rise in quarterly revenue, misses expectations
The slowing Chinese economy has taken a toll on the e-commerce company, as consumers cut back discretionary spending
 "Alibaba reports smallest rise in quarterly revenue, misses expectations")
Top headlines: HUL splits chairman and CEO roles; oil rises above $105
Business Standard brings you the top headlines on Thursday
 "Top headlines: HUL splits chairman and CEO roles; oil rises above $105")
Vedanta Aluminium launches low carbon aluminium, unveils two product lines
The first production volume of 100 kilo tonnes of Restora and Restora Ultra aluminium already has interest from environmentally conscious customers
 "Vedanta Aluminium launches low carbon aluminium, unveils two product lines")
Ola Electric plans 50 Gwh India battery plant in EV push: Report
Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh)
 "Ola Electric plans 50 Gwh India battery plant in EV push: Report")