Page 2147 - Company News

IOC raises Rs 1,500 cr via bonds at interest rate lower than sovereign

IOC priced its five-year rupee bonds at a coupon rate of 6.14 per cent tighter than a similar maturing government bond that is trading at an annualised yield of 6.29 per cent

IndiGo takes delivery of first Airbus plane operating on sustainable fuel

Any fuel that has lower carbon emissions than conventional kerosene is known as Sustainable Aviation Fuel (SAF)

Coal India fuel supply reaches 575 million tonnes so far this fiscal

State-owned CIL has supplied 575 million tonnes (MT) of coal so far this fiscal, surpassing the total dispatch of dry fuel in 2020-21.

Vistara partners with Allianz, offers optional travel insurance

Vistara on Friday said it has entered into an association with Allianz Partners to provide optional travel insurance to its passengers.

Mahindra Electric ties up with CSC to promote EV adoption in rural India

Mahindra Electric said it has partnered with Common Service Centres (CSC), a government organisation that helps provide employment in rural India, to promote adoption of electric vehicles

Renault launches limited edition Triber at Rs 7.2 lakh amid sales milestone

To mark the milestone, Renault India has also launched a limited edition of the Triber priced at Rs 7.24 lakh

Creating support infrastructure essential for hybrid workplace: Nooyi

Nooyi warned that India's GDP will suffer if it does not give sufficient attention to care infrastructure for kids and senior citizens

Airtel, Jio to gain as metaverse is set to boost data usage: Credit Suisse

The report said metaverse has enormous potential to further expand screen time and drive more bandwidth consumption.

Carmakers to ramp up production by 18-20% as semiconductor shortage eases

If companies end up manufacturing vehicles according to plan, production is likely to exceed the pre-Covid volumes of Q4FY20

Vedanta set for $15-billion play in semiconductor, display unit ventures

Vedanta Group is getting ready for two separate ventures that may see investments worth $15 billion in chip and display manufacturing space

HDFC Bank non-executive director Srikanth Nadhamuni resigns from board

HDFC Bank on Friday said Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests.

BPCL launches EV fast-charging corridor on Chennai-Trichy-Madurai highway

Bharat Petroleum Corporation Ltd (BPCL) has launched 10 EV fast-charging corridors on the 900-km long ChennaiTrichyMadurai highway.

Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths

Valuation not disclosed, though one report put the figure at $5 bn

Poonawalla Fincorp looking to exceed AUM of Rs 21,000 crore by FY23

The Poonawalla Fincorp AUM was flat at Rs 15,228 crore at the end of December 2021 against Rs 15,006 crore in December 2020

Sebi lifts restrictions on 10 entities in Zee Ent insider trading case

Markets regulator Sebi on Friday lifted restrictions imposed on ten entities, including individuals, in a matter pertaining to alleged insider trading in the scrip of Zee Entertainment Enterprises Ltd

Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles

Increase in production, higher prices, better margins and high dividend yield are key positives

Lenders allow Biyani's Future Retail to pay interest on foreign bonds

For many restructured loan accounts like FRL, banks are in control of fund movement and there is continuous assessment of financial position

Minority stakes in Glance, Dunzo signal RIL's attempt for retail expansion

All told, RIL has now picked up minority stakes in retail online platform start-ups with founders leading the game

HDIL insolvency: RP gets 16 resolution plans from 9 bidders

Crisis-hit realty firm HDIL, which is facing insolvency proceedings, on Friday said its resolution professional has received 16 bids from nine applicants to acquire the company

Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share

Equitas Small Finance Bank (SFB) on Friday said it has fixed the price for its proposed QIP issue at Rs 53.59 per share.