Page 2540 - Company News

Gurgaon Metro Project case: IL&FS gets Rs 1,925 cr from Haryana govt

The payment, duly received in escrow accounts, comes in compliance of the Supreme Court order of March 26, 2021 that ruled in favour of IL&FS in the Gurgaon Metro Project

AMNS India executes paperless bill discounting transaction with ICICI Bank

AMNS India on Sunday said its has executed "a paperless bill discounting transaction" in partnership with ICICI Bank.

After Air India, Cairn to target more Indian state-owned firms for recovery

Cairn Energy PLC plans to target assets of state-owned firms and banks as it looks to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes

Many large e-comm firms have blatantly flouted laws of land: Goyal

All ecommerce companies should follow the law of the land and do not use muscle or money power to hurt Indian interests, Commerce and Industry Minister Piyush Goyal said

Bolsonaro linked to alleged corruption in buying of Bharat Bio's vaccine

Brazil senate probing the president's handling of the pandemic; country signed a contract with the Indian firm to purchase 20 million doses for $325 million.

InterGlobe Aviation shareholders approve plan to raise Rs 3,000 crore

Shareholders of InterGlobe Aviation, parent of the country's largest airline IndiGo, have approved a proposal to raise up to Rs 3,000 crore

Jet Airways: Seven-member panel to manage airline under resolution plan

Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing

Vedanta will not go to family, it will be institutionalised: Anil Agarwal

The company, he said, cannot be run on a defensive mode

Future Consumer's Q4 loss narrows to Rs 155 cr, revenue slides by 59%

Total expenses were at Rs 500.06 crore, down 52.5 per cent in the last quarter of 2020-21 against Rs 1,051.87 crore in the year-ago period

Affle claims victory in Indus OS stake sale lawsuit; PhonePe, OSLabs refute

PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million. However, the biggest shareholder in the company, Affle, has opposed the deal

Phase 1 of Ola e-scooter factory nearing completion, rollout soon: CEO

Last year, Ola had announced a Rs 2,400-crore investment for setting up its first electric scooter factory in Tamil Nadu

Hero Cycles delivers first batch of Made in India e-bikes to Europe

India's Hero Motors Company (HMC) Group has said that Hero Cycles has successfully delivered its first batch of Made in India e-bikes to Europe.

Tyre industry seeks raw material partners to unleash growth

India's tyre sector is seeking effective collaboration with raw material partners to harness its potential, industry body Automotive Tyre Manufacturers Association (ATMA) said.

Amazon acquires encrypted messaging app Wickr

Amazon has acquired an encrypted messaging app Wickr founded in 2012. The terms of the deal were not disclosed.

Reliance Industries earns a place in the sun with global solar play

100 GW by 2030 is more than twice the existing renewable capacity of any company in the world

Hybrid fintech firm Choice International FY21 net profit at Rs 167 mn

BSE-listed Choice International Limited, a fintech conglomerate, reported a net profit of Rs 167 million on a revenue of Rs 1,687 million for the financial year 2020-21

Indian Hotels' iconic Taj named strongest hotel brand in the world

Indian Hotels Company's iconic brand, Taj, has been rated the Strongest Hotel Brand in the World by Brand Finance, world's leading brand valuation consultancy in its annual 'Hotels 50 2021' report.

PharmEasy parent to acquire 66% stake in Thyrocare for Rs 4,546 cr

PharmEasy will retain the Thyrocare brand

After incubation plan success, Maruti may pick stake in mobility start-ups

Carmaker has reaped benefits from firms that it has incubated under the accelerator programme

Mukesh Ambani and Gautam Adani. Two billionaires, one green ambition

Until now, the two billionaires, both hailing from Prime Minister Narendra Modi's home state of Gujarat, have largely operated in their separate spheres. Clean energy would see them overlap.