Page 2336 - Company News

Elon Musk plans 200K broadband terminals in India by December 2022

Starlink expects companies - whether small, medium or big - to look at innovative ways to make the service affordable for rural consumers.

HDFC Ltd's Sept qtr net up 32% to Rs 3,780 cr on spike in dividend income

The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2

Govt asks ONGC to give 60% stake in mainstay oil fields to foreign firms

Production at Mumbai High and Bassein & Satellite offshore assets under state-owned firm is low, says letter by petroleum ministry.

No tie-up with airlines for govt staff after Air India-Tata deal

The government is not mandating travel by any particular airline, going forward, after handing over Air India because there won't be any state-owned airline, said DIPAM secretary

JSW Steel's US arm begins phase-II upgrade to reach newer markets

Baytown plate mill expansion scheduled for completion 2023

MakeMyTrip and Amazon Pay form strategic tie-up to offer travel services

With this alliance, MakeMyTrip will be able to further extend its distribution via Amazon Pay's large user base, especially in smaller towns, and speed up online booking of travel services

Section of SpiceJet employees go on strike at Delhi airport over salaries

On Monday, employees, most of whom work at the aircraft maintenance department, went on strike outside Terminal 3 of the Delhi airport: Report

Kotak Special Situations Fund to invest Rs 1,000 cr in Sify Infinit Spaces

Investment will be in Compulsorily Convertible Debentures, which turn into equity based on Sify's operational performance over a specified period

India Inc's top companies join the India-UK Climate Finance Initiative

Members include Tata Sons, GIC Pvt Ltd, Goldman Sachs, HDFC Bank, HSBC, among others; initiative aims to mop up private capital to support India's goal of 450 Gw renewable energy by 2030

Steel firms hike prices by up to Rs 3,500 a tonne on input cost pressure

Analysts say coking coal prices more than tripled in the past five months to $390-400 a tonne in October

Paytm to raise about Rs 8,250 crore from anchor investors

This anchor round will be the largest India has ever seen, say insiders

Festive season sale volumes more than double from last year: Snapdeal

Snapdeal's 'Toofani Sale' started at the beginning of October and concluded on October 31 with a final weekend sale

WhatsApp banned over 2.2 million Indian accounts in September: Report

More than 2.2 million Indian accounts were banned by WhatsApp while 560 grievance reports were received by the messaging platform in September, according to its compliance report.

Top headlines: Oct GST collection second highest ever; auto sales skid

Maruti Suzuki and Hyundai report a double-digit drop in sales in October as auto firms struggle to get computer chips for their vehicles. More in our top headlines.

SpaceX sets up subsidiary in India, plans to apply for licence

SpaceX's satellite broadband arm Starlink aims to start broadband services in India from December 2022

Unity Small Finance Bank begins operations, paving way for merging PMC

The 12th small finance bank begins operations with over Rs 1,100 crore of equity capital

Hero MotoCorp registers decline in sales by 32% in October

In the domestic market, the company's wholesales dropped to 5,27,779 units last month from 7,91,137 units in October 2020

Kia India registers 22% decline in wholesales in October

The company dispatched 10,488 units of Seltos, 5,443 units of Sonet, and 400 units of Carnival last month to dealers

Auto sales skid on supply chain woes; Tata Motors, M&M buck trend

Maruti Suzuki and Hyundai witnessed a double-digit drop in sales in October

Mahindra & Mahindra reports 5% decline in wholesales in October

Domestic commercial vehicle sales fell to 18,604 units last month from 23,716 units in October 2020