Page 2438 - Company News

BSNL's KLI project tender restricts local players participation: TEPC

TEPC has alleged that a tender floated by state-run BSNL to connect Lakshadweep Islands with Kochi through submarine cable restricts participation of both Indian and foreign companies, except one.

Top headlines: August exports rise 45%; RRVL gets sole control of Just Dial

Business Standard brings you the top stories this evening

Govt invites bids for second time from law firms for LIC IPO

On July 15, the government had floated request for proposal inviting bids from reputed legal advisors and the last date for bidding was August 6. However, the RFP did not receive sufficient response.

ArcelorMittal Nippon Steel India commissions 6 million tonne pellet plant

Capacity at Paradeep complex in Odisha reaches 12 mn tonnes, making it India's largest single-location pelletisation complex; AM/NS India's total pelletisation capacity now at 20 mn tonnes

Coal India chairman lays foundation stone of Rs 285-cr connectivity project

Coal India Chairman Pramod Agrawal has laid the foundation stone of a Rs 285.05-crore first-mile connectivity project, according to a statement by the coal ministry released on Thursday

Indian companies' foreign borrowing jumps 60% in July to $3.43 bn

Indian companies raised over $3.43 billion from foreign markets through external commercial borrowings (ECBs) in July this year, up by nearly 60 per cent from a year ago, RBI data showed on Thursday

I-T dept raids firm making synthetic yarns; detects evasion worth crores

The Income Tax (I-T) department has detected tax evasion worth crores of rupees after it raided a synthetic yarns and polyester chips making company

IRB Infrastructure Developers wins highways project order in Tamil Nadu

IRB Infra said the company has won the bid for the construction of six lanes of 20 km Pondavakkam to Kannigaipair stretch on the upcoming Chittoor Thachur Highways

PNB asks NCLAT to quash Kalrock-Jalan resolution plan for Jet Airways

PNB argues that Jet's court-appointed rescue official had initially accepted its claim of nearly Rs 1,000 cr from the airline's backers, but then reduced it by Rs 200 cr

Steel sector outlook revised to positive on continued earnings uptick: Icra

Given the strong earnings growth and capex curtailments following the pandemic-related uncertainty, steelmakers started to aggressively deleverage since the second quarter of FY2021

ONGC evaluating stake buy in Russia's Vostok Oil project: OVL MD

Vostok is one of Russia's biggest oil projects

PhonePe starts first Indian digital payment interactive geospatial platform

The Walmart-owned digital payment firm said its Pulse platform reveals digital transaction habits of over 300 mn Indians at a district level

In its first such move, IndianOil lists foreign currency bonds on IFSC

Securities worth SGD 400 million and $1.4 billion, issued in 2012, 2013 and 2019 respectively are now listed," a statement from IFSC said.

In no hurry to launch IPO, will go public when it makes sense: PhonePe CEO

PhonePe is in no hurry to launch its IPO and will go public "when it makes sense" for the company, even as a number of Indian internet companies line up to mark their debut on Dalal Street

Airtel conducts cloud gaming session on 5G as part of ongoing trials

Telecom operator Bharti Airtel on Thursday said it has successfully conducted India's first cloud-gaming session in a 5G environment.

Need objective assessment of working of insolvency law: IBBI chief

IBBI Chairperson M S Sahoo on Thursday pitched for a comprehensive and objective framework to assess the working of the insolvency law to make prompt course corrections.

Invest-tech platform dezrve. raises $7 million in seed funding round

The seed funding round was co-led by Elevation Capital and Matrix Partners India, with participation from investors such as Whiteboard Capital and Blume Founders Fund

Meesho announces 10-day company-wide break for staff post festive season

The 10-day company-wide work break is the first ever move by an Indian startup to prioritise employee well-being and mental health support, the firm said

Apple hit with antitrust case in India over in-app payments issues: Report

The case, filed by a non-profit group, argues Apple's fee of up to 30% hurts competition by raising costs for app developers and customers, while also acting as a barrier to market entry

CIL chairman lays foundation stone of MCL's Rs 285 crore FMC project

Coal India Chairman Pramod Agrawal laid the foundation stone of Mahanadi Coalfields Limited's Rs 285.05 crore first-mile connectivity (FMC) project of Lajkura SILO at Ib valley in Jharsuguda district