Page 2434 - Company News

Aakash transforming into hybrid edtech firm after Byju's $1 bn acquisition

Aakash Educational Services will launch 106 new centres across the country in the next 5 months including reaching Tier-3 and Tier-4 cities and towns.

NMDC reduces prices, steel companies roll over prices in September

NMDC, the country's largest iron ore producer, has reduced prices by around Rs 1,000 a tonne, the company informed the stock exchanges on Monday.

Wärtsilä looks to invest in hydrogen engines, energy storage in India

In India since the 1980s, Wärtsilä has delivered 250 power plants with a total output of 3,500 Mw. It also operates and manages 35 power plants with a total output of over 1,300 Mw

Listed private mfg firms' sales soar 75% in Q1 on low base: RBI data

Sales of 1,647 listed private manufacturing companies recorded "extraordinarily high" growth of 75% in the first quarter of FY'22 mainly due to a very low base in the pandemic-hit year-ago period

At 25 years, McDonald's sinks teeth into expansion plans in India

QSR to expand its ever-hungry 'foodprint' by doubling outlets, increasing average unit volume by 40% in 5 years

IREDA enters into pact with TANGEDCO for renewable energy projects

IREDA on Monday said it has entered into a pact with TANGEDCO for providing technical expertise in developing of renewable energy projects and raising of funds.

Media stocks languish as weak recovery, tariff concerns remain

While valuations are at a steep discount, the underperformance is likely to continue

Captive coal mine companies get seven days to increase production

The government has given seven days to captive coal mines companies to increase the production to over 85 per cent of their targets, an official release said on Monday.

TSSC, BetterPlace tie up to facilitate frontline hiring for telecom sector

Telecom Sector Skill Council (TSSC) and blue-collar workforce hiring platform BetterPlace have signed an initial pact to facilitate placement of workers for various job roles

SC asks NCLAT to hear 63 moons plea against DHFL sale within two months

The Supreme Court on Monday refused to stay the implementation of DHFL Resolution Plan on the plea filed by 63 moons technologies and directed the NCLAT to hear the issue expeditiously.

OVL in talks to buy stake in Russia's Vostok, Arctic LNG-2 project

India's top energy companies including ONGC Videsh Ltd is discussing buying a stake in Russia's massive Vostok oil project as well as a planned liquefied gas project Arctic LNG-2, Hardeep Puri said

Fitch says BPCL privatisation may get delayed for multiple reasons

Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays, says the ratings agency

Top headlines: SC refuses to defer NEET exam; NMDC reduces prices

Business Standard brings you the top stories this evening

Reliance Jio completes 5 years of operations; tech world congratulates

From Google India to Zomato, and Netflix to Paytm - the who's who of the tech world lined up to congratulate a company's five years of operations

Domestic air traffic up 31% in August on higher capacity deployment: Icra

The ratings agency said despite the continued recovery, there is continued stress on demand, driven largely by the second wave of the pandemic, limiting travel to only necessary travel

Ola Electric ties up with banks, fin institutions for loans to customers

The company, which had last month launched the Ola S1 electric scooter in two variants -- S1 and S1 Pro -- at prices Rs 99,999 and Rs 1,29,999, respectively, said it will start deliveries in October

Telecom tower companies to face 180,000 tenancy losses if VIL exits: Icra

Vodafone Idea's financial stress underlined by mounting losses and rising debt is likely to impact its financial lenders and have a bearing on employees and subscribers, ICRA said on Monday

Blackstone buys TARC's warehousing asset in north Delhi for Rs 295 cr

Realty firm TARC Ltd on Monday said it has sold a warehousing asset in the city to global investment firm Blackstone for Rs 295 crore.

ONGC's plan to merge refining subsidiary MRPL with HPCL gets delayed

ONGC's plan to complete merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed

Zydus Cadila gets USFDA's approval to market diabetes medication

Drug firm Zydus Cadila on Monday said it has received approval from the US health regulator to market Sitagliptin, a medicine indicated to treat diabetes.