Page 2375 - Company News
CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL
PMP Infratech fined Rs 25 lakh, Rati Engineering to pay Rs 2.5 lakh; personnel managing and controlled the two firms also penalised, cease-and-desist order passed
 "CCI penalises PMP Infratech, Rati Engg for rigging tender floated by GAIL")
Indian businesses have bullish hiring plans as they look to rebuild: Survey
The pandemic also impacted the benefits offered by corporates to its employees.
 "Indian businesses have bullish hiring plans as they look to rebuild: Survey")
Maruti Suzuki reports over two-fold dip in production in September
In a regulatory filing, the auto major reported total production of 81,278 units in September as compared with 1,66,086 units in September 2020.
 "Maruti Suzuki reports over two-fold dip in production in September")
Morgan Stanley names Anahita Tiwari head of India global in-house centres
She joins Morgan Stanley from JP Morgan Chase India where she was the head of Global Finance and Business Management and is a certified chartered accountant
 "Morgan Stanley names Anahita Tiwari head of India global in-house centres")
Lulu Group opens third shopping mall in India; plans more launches
The Group with its flagship retail chain of Lulu hypermarkets and supermarkets has operations spread over 22 countries.
 "Lulu Group opens third shopping mall in India; plans more launches")
Govt receives over Rs 2,593 cr dividend from NTPC, PGCIL this fiscal
The government has received Rs 7,515 crore as dividend from central public sector enterprises so far in the current financial year
 "Govt receives over Rs 2,593 cr dividend from NTPC, PGCIL this fiscal")
Air India privatisation: Rs 16,000 cr unpaid bills to go to govt's AIAHL
As on August 31, Air India had a total debt of Rs 61,562 crore
 "Air India privatisation: Rs 16,000 cr unpaid bills to go to govt's AIAHL")
Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn
Post acquisition, Spayee will continue to operate independently; it allows content creators to produce customised courses in audio and video, PDF documents, quizzes, assignments and live classes
 "Unacademy-backed Graphy acquires edtech platform Spayee for $25 mn")
Coal India scales up fuel supply to power plants to 1.51 MT per day
The development assumes significance in the wake of reports that warned of a power crisis looming large due to the coal shortage in the country.
 "Coal India scales up fuel supply to power plants to 1.51 MT per day")
Indian Oil defers maintenance shutdown of units at Haldia: Report
Haldia refinery has two crude and vacuum distillation units.
 "Indian Oil defers maintenance shutdown of units at Haldia: Report")
Graphy acquires edtech platform Spayee for $25 million
Spayee allows content creators to produce customised courses in the form of audio and video tutorials, PDF documents, quizzes, assignments, and live classes
 "Graphy acquires edtech platform Spayee for $25 million")
JSW Steel says group combined output grew 29% to 5 MT in Jul-Sep
JSW Steel on Monday posted a 29% year-on-year growth in group combined steel production at 5.07 million tonne (MT) during the quarter ended September 30, 2021.
 "JSW Steel says group combined output grew 29% to 5 MT in Jul-Sep")
Bharti's OneWeb, ISRO arm collaborate to launch satellite in India
Bharti Group backed OneWeb on Monday said it has entered an arrangement with the commercial arm of ISRO, NewSpace India Limited (NSIL), to launch its satellite in India from 2022.
 "Bharti's OneWeb, ISRO arm collaborate to launch satellite in India")
OneWeb to be first pvt player to launch satellite from Indian soil: Mittal
Bharti Group's subsidiary OneWeb will be the first private player to launch satellites from Indian soil through ISRO facilities, Bharti Enterprises chairman Sunil Bharti Mittal said Monday.
 "OneWeb to be first pvt player to launch satellite from Indian soil: Mittal")
Air India sale: Modi govt's first privatisation in 7 years; what next?
With the successful sale of Air India to the Tata group, Prime Minister Narendra Modi's government has restarted the long-stalled privatisation programme. Can it do a Vajpayee? Watch this report.
 "Air India sale: Modi govt's first privatisation in 7 years; what next?")
Urban Company rejects women workers allegation, says their earning is fair
Urban Company denied allegations levelled by its women beautician partners of providing very low commission to them and claimed that the earnings are far more
 "Urban Company rejects women workers allegation, says their earning is fair")
This quarter is all about consolidation of growth momentum: TCS CEO & MD
'Two years back we experimented and took in 32,000-35,000 freshers in the first two quarters and this allows us to bring freshers into the company in an accelerated way', said Gopinathan
 "This quarter is all about consolidation of growth momentum: TCS CEO & MD")
Tata group may need to invest $1 billion to upgrade Air India fleet
The government is expected to issue a letter of intent (LoI) to Tata Sons next week, following which the share purchase agreement will be formalised
Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn
This is the first major renewable energy deal, where an equipment manufacturing facility has been acquired
 "Reliance buys Norway's REC Solar Holdings from China's Bluestar for $771 mn")
After Air India buy, Tata group companies can cross-sell products
Air India has a frequent flier club customer base of 3 million that can be used to offer discounted products
 "After Air India buy, Tata group companies can cross-sell products")