Page 2154 - Company News

LIC's business plan change after IPO a threat to private firms: Report

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move

New policy to cut green hydrogen cost by 40-50%, says Indian Oil

Oil refineries, fertiliser plants and steel units use hydrogen as process fuel to produce finished products.

Ashok Leyland mulls EV plant; lines up Rs 500 cr for alternative fuel tech

The company has already announced a $200 million (nearly Rs 1,500 crore) investment through its UK-based arm Switch Mobility for electric mobility.

NTPC surpasses 2020-21 electricity generation of 314 billion units

State-run power giant NTPC on Saturday said it surpassed the maximum annual electricity generation of 314 billion units achieved in 2020-21 on February 18.

Online grocery seller BigBasket acquires Kerala startup Agrima Infotech

Indian online grocery seller giant BigBasket acquires enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to transform offline retail in the country.

Indian IT players to hire 360,000 freshers for FY22: Unearthinsight study

In order to retain talent, companies announced several measures like salary hikes, stock options, promotions, long-term incentives, higher skill increments, and upskilling/reskilling training

Future Retail pays $14 million interest on USD notes in grace period

Debt-ridden Future Retail has made a payment of $14 million for interest due on the dollar-denominated notes (USD Notes) listed on the Singapore Stock Exchange after missing the due date last month.

IFIN recovers Rs 2,300 cr from third party borrowers, external investments

IFIN had placed 62 non-performing asset (NPA) accounts worth Rs 4,297 crore on sale, which was to be done through the 'Swiss Challenge' route

Tier-II,III cities to drive growth over next 2 years: Sundaram Home Finance

'The housing market will continue to remain resilient and grow this year, flagged by a strong underlying end user demand and growth of smaller cities,'

Intel-owned Tower Semiconductor's chip-making plan in India back on table

In September 2021, the company had threatened to pull the plug on its plan to set up a facility in India

RBI-appointed administrator invites bids for resolution of Reliance Capital

As part of the resolution process, the RBI-appointed administrator on Friday invited expressions of interest (EoIs) for sale of debt-ridden Reliance Capital promoted by Anil Ambani Group

End of battle? Rakesh Gangwal quits IndiGo board, to reduce stake

Stock analysts said Gangwal's announcement will keep the company's stock price under pressure

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.