Page 2206 - Company News

Top headlines: India's billionaire count now 142; Punjab polls rescheduled

Business Standard brings you the top headlines on Monday

NTPC plans to raise up to Rs 5,570 crore via external commercial borrowing

State-owned NTPC has invited a request for proposal (RFP) for raising up to around Rs 5,570 crore via ECB to fund its power projects, including renewable energy

Ultratech Cement Q3 consolidated net profit rises 8% to Rs 1,708 cr

Revenue from operations rose by 5.89% to Rs 12,984.93 crore during the quarter under review

SC junks Devas Multimedia's appeal against NCLAT order to wind up company

The Supreme Court junked an appeal filed by Devas Multimedia challenging an order to wind up the company

HPCL to lift 45% more oil from Iraq to meet expanded refining capacity

The refiner will buy 3.2 million tonnes or about 64,000 barrels per day (bpd) from Iraq this year, up from 44,000 bpd in 2021

Tesla wooed by Indian states after Musk flags government problems

The pitches, tweeted over the weekend, touted everything from infrastructure, sustainability and a streamlined approval process

Short-video platform Chingari raises $15 mn funding led by Republic Capital

Short-video platform Chingari on Monday said it has raised $15 million (about Rs 111.4 crore) in funding led by Republic Capital.

Walmart reveals plans to enter blockchain-based Metaverse, sell NFTs

Amid the buzz around Metaverse, retail giant Walmart has revealed plans to enter the field of highly immersive virtual reality/augmented reality (VR/AR) and Blockchain-based world

Glenmark Pharma gets tentative FDA nod for generic Regadenoson injection

Glenmark Pharmaceuticals said its US arm has received tentative approval from the country's health regulator for its generic Regadenoson injection

Metro Brands third quarter net profit jumps 54.6% to Rs 100.85 cr

Footwear retail chain Metro Brands has reported a 54.63 per cent jump in consolidated net profit to Rs 100.85 crore for the third quarter ended December 2021.

Fintech firm WeRize eyes $200 mn annualised revenue run rate by 2025

It has been able to gather more than billion data points over the last 2.5 years of its customers, which helps the company to design better and customise financial products.

Now, Maharashtra and Punjab invite Elon Musk's Tesla to set up unit

The offers come two days after Telangana Minister K T Rama Rao invited Musk to set up shop in his state

Hit by input costs, alcohol beverage industry thirst for better sales

Although there was some improvement seen in 2021, sales are still lower than 2019 levels, say industry players.

Tata Consultancy Services fresher hiring may touch 100,000 in FY22

Analysts tracking the company said the company's lateral hiring too would be higher than in the last few quarters

IOC to invest Rs 7,000 cr in city gas after it secures 33% market areas

Indian Oil Corporation on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round.

Oil India exits US shale venture, sells 20% stake for $25 million

State-owned Oil India Ltd (OIL) has exited from a US shale oil venture, selling its 20 per cent stake to its venture partner for $25 million

Mercedes-Benz aims to accelerate sales of electric vehicles in India

Mercedes-Benz India plans to bring to the market the locally assembled EQS electric sedan in the fourth quarter of 2022

JSW to raise Rs 2,200-crore loan to fund wind power project in TN

The project is scheduled to be finished by March 31, 2023

IPO-bound India1 Payments aims to deploy 20,000 ATMs in next 4-5 years

It is the second largest ATM brand in the semi-urban and rural areas after State Bank of India (SBI)

Domestic airlines' losses to narrow in Q3 on strong yields, traffic growth

Average daily flights and passenger traffic were at 89% and 85% of pre-Covid level in December. Passenger per flight rose from 112 in September to 128 in December