Page 2409 - Company News

Cairn, Air India seek stay on New York court proceedings

The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn

Blackstone sells 57 mn units in Embassy Office Parks REIT for over Rs 2k cr

Global fund Blackstone has sold about 5.7 crore units in Embassy Office Parks REIT for over Rs 2,000 crore as part of its strategy to monetise part of its investment, sources said.

Mitsogo Inc eyes to hire 250 employees; sets up office in Chennai

Leading security solutions provider Mitsogo Inc has planned to recruit 250 new people, as it expanded its footprint by setting up a new office in the city, the company said on Wednesday

JSW Steel eyes $300-400 million cost savings in short-term via digitisation

The company is likely to achieve such savings is 2-3 years; intiative began in 2017

Ratan Tata, Chandrasekaran deny reports of leadership changes at Tata Sons

Both Tata and Chandrasekaran were reacting to media reports that a new CEO position will be created in Tata Sons to oversee the group's business

Coal India warned government of coal shortage in February, documents show

India, which has the world's fourth largest coal reserves, is facing a shortage of the fuel and has urged utilities to import coal as supplies at several plants run low.

Ola restarts e-scooter sales after website glitch, bookings on app only

The firm is starting sales in batches and prioritising users based on their dates of reservation

Govt to sell up to 10% stake in Hind Copper via OFS, may garner Rs 1,120 cr

The government will sell 5% or 48.3 million shares in the copper miner at Rs 116 apiece on Thursday and Friday

Uber launches bus service to help India's urban staffers get back to work

The 'Uber Corporate Shuttle' has safety a comprehensive set of safety measures; the service will run initially in Mumbai, Delhi and a few other cities

PepsiCo commissions India's largest greenfield plant worth Rs 814 cr

It's a potato chip-making unit spanning 29 acres in Mathura; city will source 150,000 tonnes of locally grown tubers; over 5,000 farmers to gain, 1,500 jobs to be created

Flipkart strengthens supply chain network, aims to create over 100,000 jobs

This year, Flipkart is creating direct seasonal employment for more than 1,15,000 people of which 15 per cent are women and people with disabilities

Telecom reforms usher in new era for India's digital ambitions: Telcos

The telecom reforms announced by government are beginning of a new era for sector as well as for boosting investment in the industry that is reeling under debt burden, leading sectoral players said

Top headlines: Chairman rules out Tata Sons' revamp; telcos get govt relief

Business Standard brings you the top headlines from today

Adani Transmission to invest Rs 1,200 cr in MP to strengthen power system

Adani Transmission Ltd (ATL) on Wednesday said it would invest Rs 1,200 crore in eastern Madhya Pradesh to strengthen the power transmission system for MP Power Management Company Ltd (MPPMCL).

5G spectrum auction most probably in February 2022: Telecom minister

The 5G spectrum auctions will "most probably" be held in February 2022, and the government may even try for a January timeline, Telecom Minister Ashwini Vaishnaw said on Wednesday.

Revised PLI scheme would give the right impetus for the industry: TVS Motor

The revised PLI Scheme announced by the Centre on Wednesday would give the right impetus for auto industry to move faster towards future technologies, TVS Motor Chairman Venu Srinivasan said.

EESL Executive Vice Chairman Saurabh Kumar resigns on personal grounds

Energy Efficiency Services Ltd Executive Vice Chairman, Saurabh Kumar has resigned from the post on personal grounds

Axis board gives approval to reclassify Oriental Co as public shareholder

Axis Bank on Wednesday said its board of directors has approved to reclassify The Oriental Insurance Company Ltd (OICL) from promoter category to public category shareholder.

Asia Healthcare-backed single-specialty clinics grew during pandemic

AHH now plans to make similar investments with focus on nephrology, gastroenterology, and ophthalmology among others

PepsiCo commissions largest greenfield plant in India, UP CM unveils it

Food & beverage major PepsiCo on Wednesday said its business in India is transforming and will continue to invest in the country for a long term.