Page 2440 - Company News

Coal India production increases 15% to 43 million tonnes in August

State-owned CIL produced 42.6 million tonnes of coal in August, registering an increase of 14.6 per cent over the corresponding month of the previous fiscal.

SPARC seeks shareholders nod to raise up to Rs 1,800 crore

Sun Pharma Advanced Research Company (SPARC) on Wednesday said it will seek shareholders' approval to raise up to Rs 1,800 crore through various modes, including issue of equity shares and securities

Sebi penalises compliance officer of Essar Shipping in insider trading case

Markets regulator Sebi on Wednesday levied monetary fine on the compliance officer of Essar Shipping Ltd for failing to administer the code of conduct as prescribed under insider trading norms.

Snapdeal sees 493% rise in kids apparel category in Jan-July

Since the beginning of the pandemic last year, kidswear in general saw huge growth online as parents tried to keep children away from crowded markets and malls

Madras HC puts order on bumper-to-bumper cover for new vehicles on hold

Will hear the General Insurance Council on September 13

Mahesh Babu joins Ashok Leyland EV business, COO Nitin Seth resigns

Babu has over 25 years of experience in mobility and joins the firm from Mahindra Electric

Hindustan Zinc extends shutdown at one of Chanderiya smelter roasters

In a BSE filing, the company informed that the extension of the closure will result in potential loss of production of about 25,000 tonne of zinc

RBI fines Axis Bank Rs 25 lakh for flouting KYC norms

The fine is based on a scrutiny carried out by RBI during February 2020 and March 2020 in a customer account maintained with the bank

Coal India starts project to replace diesel with LNG in dumpers

Coal India, the country's biggest coal miner, is retrofitting its diesel-engine trucks used in mines with liquefied natural gas (LNG) kits to cut its carbon footprint and save fuel costs

NTPC REL bags letter of award for 325 MW solar projects in Madhya Pradesh

State-run power giant NTPC on Wednesday said its arm NTPC REL has received a letter of award (LoA) for 325 MW solar projects in Madhya Pradesh from Chief Minister Shivraj Singh Chauhan

IT firms up the ante on sustainability projects, help clients cut emission

As per some estimates, the global Information and Communications Technology (ICT) sector emits 1.4% of world's carbon

NMDC iron ore production grows 44% to 15 MT in April-August

State-owned NMDC on Tuesday said its iron ore production surged over 44 per cent to 15.02 million tonnes (MT) in April-August 2021.

Minda picks up 26% in charging solution startup EVQPOINT via subsidiary

Deal will allow Spark Minda to capitalise on the shift to electric mobility and bolster its position as a one-stop shop for comprehensive charging solutions for EVs

EIL Technical Director Vartika Shukla takes charge as chairperson

A Chemical Engineer from IIT, Kanpur, Shukla joined EIL in 1988 as a Mgt Trainee. In her 32 years at the firm she has led the completion of many energy projects in India and abroad

Vedanta board approves interim dividend of Rs 6,877 crore

Vedanta Ltd on Wednesday said its board has approved an interim dividend of Rs 18.50 per equity share for FY2021-22, amounting to Rs 6,877 crore.

Top headlines: Aug GST collection Rs 1.12 trn; AU SFB clears air on exits

Business Standard brings you the top stories this evening

Majority of corporate employees want to WFH at least once a week: Survey

Nearly 80 per cent of corporate employees want to work from home at least once a week post-COVID, according to a survey by property consultant JLL India

ONGC pumps first gas from U1B deep-water well in KG basin

State-owned Oil and Natural Gas Corp (ONGC) has pumped first gas from its deep-water U1B well in Krishna Godavari block KG-D5 in the Bay of Bengal

India is bedrock of development capabilities, will continue to hire: PayPal

Digital payment solutions provider PayPal said India is the "bedrock" of its development capabilities and it continues to hire aggressively in the country to further build and drive the teams

Oyo launches self-onboarding tool for hotels to list in 30 minutes

Current onboarding time is 15 days. Oyo 360 tool provides a two-click platform for enrolment on its platform and offers three benefits of growth, partnership, and network