Page 2207 - Company News

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

Senior GAIL exec arrested, accused of taking bribes in petrochemicals sale

CBI has arrested a senior executive of state-owned GAIL for allegedly taking bribes to offer discounts in the sale of petrochemicals

MEIL completes 5-km tunnelling work as part of Zojila project

The project is envisaged to ensure connectivity between Srinagar and Ladakh throughout the year

Coworking firms lease 21% more office space in 2021 across top 8 cities

Co-working operators expanded their portfolio aggressively last year and took on a lease 21 per cent more office area across the top 8 cities to meet the rising demand of workspaces from corporates

After Meta, Apple asks employees to submit Covid booster jab proof

After Meta (formerly Facebook), Apple now requires employees to get a Covid booster shot and submit a proof of vaccination before entering office premises

Eight of 10 most valued firms add Rs 2.34 trn in m-cap; RIL biggest gainer

HDFC Bank's valuation dipped by Rs 2,854.33 crore to Rs 8,56,439.28 crore this week.

CBI books GAIL's marketing head E S Ranganathan in bribery case

CBI also said that searches were continuing at the premises of Ranganathan

Mindtree: Q3 and guidance strong, but high attrition remains a concern

Valuation at 38x estimated FY23 earnings for last year's top IT stock performer leaves little room for disappointment

Metro Brands Q3 consolidated net profit jumps 53% to Rs 102 cr

Consolidated revenue from operations rose 59% to Rs 484 cr

New kiln investment adds efficiency to supply chain, says Tata Steel UK

A new GBP 4 million investment at a major facility in north-west England will allow for more efficient and sustainable supply of critical steelmaking material to the Port Talbot steelworks in Wales

RIL unit, M&M among 10 cos to bid under PLI scheme for ACC battery storage

The government approved the PLI scheme for achieving manufacturing capacity of 50 Giga Watt Hour for enhancing India's manufacturing capabilities with a budgetary outlay of Rs 18,100 cr

Crisil Ratings to start disclosing ESG impact on credit profiles

Crisil Ratings on Saturday said it will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings.

Minister K T Rama Rao invites Elon Musk to set up Tesla's shop in Telangana

Days after Tesla CEO Elon Musk spoke about challenges when asked about the electric car's entry into the Indian market, TRS Working President KT Rama Rao has invited the billionaire businessman to set up shop in Telangana.