Page 2208 - Company News

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.

Minimum 6 airbags must in vehicles carrying up to 8 passengers from Oct

Ministry of Road Transport and Highways, in a statement, said this is being done in order to enhance the safety of occupants of the motor vehicle

Sequent Scientific names Rajaram Narayanan as MD, CEO for five years

Narayanan replaces Manish Gupta who has put in his papers

Adani Wilmar cuts IPO size to Rs 3,600 cr from Rs 4,500 cr: Report

Edible oil major Adani Wilmar Ltd (AWL) has cut the size of its initial share-sale to Rs 3,600 crore from the Rs 4,500 crore planned earlier, people familiar with the development said on Friday.

Lack of major triggers may cap near term upsides for Tata Motors

While India volumes remain strong, JLR sales have been muted in the December quarter

Indifi, Google Pay join hands to offer instant credit to small businesses

The collaboration aims to address the problem of meeting the working capital management of MSMEs and to help small merchants thrive in their business journey.

Vedanta group plans investments in mineral sector in Saudi Arabia

The company is already in discussions with stakeholders in Saudi Arabia

Shiprocket acquires B2B logistics aggregator Rocketbox

The Rocketbox founders will join the Shiprocket leadership team, and continue to build the cargo product as part of this deal, a statement said

Britannia Industries appoints Amit Doshi as chief marketing officer

Doshi's appointment would be effective from January 17 and would take over from Vinay Subramanyam, who had left the company in December last year

Ola Electric to open final payment window for scooter buyers on Jan 21

Ola Electric will open the final payment window on January 21 for all the customers who have already paid Rs 20,000 for its electric scooters, Ola Chairman Bhavish Aggarwal said

Jubilant FoodWorks board to consider share split proposal in February

Jubilant FoodWorks (JFL), a master franchise of brands such as Domino's and Dunkin' Donuts, on Friday said its board will next month consider a proposal of splitting the equity shares of the firm.

REC raises $1,175 million from a consortium of seven banks

This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC

In FY23, our fresher hiring will be 40-50% more than FY22: Mindtree CEO

'Our story about profitable growth has been fairly consistent. This is the fourth quarter of 5% plus sequential growth in constant currency,' says Debashis Chatterjee

RIL, M&M bid for incentives under govt's Rs 18k-cr battery scheme: Report

India last year finalised an incentive program for companies to invest in local manufacturing of batteries as it looks to establish a domestic supply chain for clean transport and build storage for RE

TCS promoters Tata Sons, TICL to sell Rs 12,993 cr of shares in buyback

At Rs 4,500 apiece, the two entities stand to rake in about Rs 12,993.2 cr

HCL Tech to acquire Hungary-based Starschema in a $42.5-mn deal

The strategic acquisition will bolster HCL's capability in digital engineering driven by data engineering and increase its presence in Central and Eastern Europe.

HCL Tech's Q3 net profit falls 13.6% to Rs 3,442 cr, revenue rises 15.7%

On constant currency basis, revenue was up 7.6% sequentially, one of the best quarters in the last 12 years, said the IT firm

Megha Engineering, Adani Gas top winners of city gas distribution licences

Megha Engineering and Infrastructures Ltd (MEIL) walked away with the most 15 licences to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round

FMCG firms go all out to ensure last-mile delivery amid third Covid wave

Data from retail intelligence platform Bizom also shows that retailers are stocking-up more than normal