Page 2573 - Company News
NTPC invites EoI for Hydrogen Fuel Cell based pilot projects
State-run NTPC has floated a global Expression of Interest (EoI) to set up two projects, standalone fuel-cell based backup power system, standalone fuel-cell based microgrid system at NTPC premises.
 "NTPC invites EoI for Hydrogen Fuel Cell based pilot projects")
Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months
In line with the proposed deal, Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, said the insurance company's CEO Prashant Tripathy said.
 "Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months")
Amazon India to impart core skills to make students industry-ready
Amazon India announced the launch of an integrated learning programme for students to learn applied Machine Learning (ML) skills, making them industry ready for careers in the new technology.
 "Amazon India to impart core skills to make students industry-ready")
Coal India may announce 20-25% additional dividend on June 14: Report
Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting that will declare fourth-quarter financial results, sources said.
 "Coal India may announce 20-25% additional dividend on June 14: Report")
ITC to expand Welcomhotel brand to 25 hotels even amid pandemic
Amid Covid pandemic and slump in the hospitality industry owing to lockdown and restrictions, ITC Hotels is optimistic about domestic tourism, planning to increase number of properties in Welcomhotel.
 "ITC to expand Welcomhotel brand to 25 hotels even amid pandemic")
DLF targets 30% growth in sales bookings to Rs 4,000 cr during FY22
Realty major DLF aims a 30 per cent jump in its sales bookings to Rs 4,000 crore this fiscal, as the company expects a rise in housing demand despite the Covid-19 pandemic
 "DLF targets 30% growth in sales bookings to Rs 4,000 cr during FY22")
Coal India's 114 mining projects under different stages of implementation
State-owned CIL's 114 ongoing coal projects, costing Rs 20 crore and above, are under different stages of implementation, according to a report.
Saint-Gobain eyes Rs 1,000 cr revenue from housing solutions biz in 5 yrs
Saint-Gobain India is looking at a revenue in the range of Rs 750 crore to Rs 1,000 crore in three to five years
 "Saint-Gobain eyes Rs 1,000 cr revenue from housing solutions biz in 5 yrs")
Discoms' outstanding dues to gencos fall 11.2% to Rs 81,628 cr in April
Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 11.2% to Rs 81,628 crore in April 2021 from a year ago
 "Discoms' outstanding dues to gencos fall 11.2% to Rs 81,628 cr in April")
Skoda Auto eyes going past all-time peak sales volume in India next year
Skoda Auto is confident of crossing its historic peak sales volumes in India achieved nearly a decade ago by the middle of next year
 "Skoda Auto eyes going past all-time peak sales volume in India next year")
Five most valued companies add more than Rs 1 trillion in m-cap
Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Bajaj Finance were the gainers
 "Five most valued companies add more than Rs 1 trillion in m-cap")
Out-of-control shipping costs fire up retail prices from coffee to toys
Soaring demand, shortage of containers, saturated ports and too few ships have contributed to the squeeze on transportation capacity on every freight path.
 "Out-of-control shipping costs fire up retail prices from coffee to toys")
SAIL to 'dissolve' RMD headquarters in Kolkata, job losses feared
Steel Authority of India is set to "dissolve" its raw material division headquarters in Kolkata, a decision that would deal a blow to contractual employees associated with the unit
 "SAIL to 'dissolve' RMD headquarters in Kolkata, job losses feared")
Decoding equity flows: Retail investors offset FPI selling in April, May
Strong and sustained retail interest can counter-balance FPI selling; small and midcap may outperform
 "Decoding equity flows: Retail investors offset FPI selling in April, May")
Adani Enterprises forms subsidiary to foray into cement business
Adani Cement will manufacture, process all types of cements
 "Adani Enterprises forms subsidiary to foray into cement business")
 "DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary")
Realty major DLF sale bookings up 24% at Rs 3,084 cr in FY21
This comes as the firm saw better demand for completed and new inventories despite the pandemic.
 "Realty major DLF sale bookings up 24% at Rs 3,084 cr in FY21")
MCA amends provisions of SBO's share transfer to investor awareness fund
An SBO is a person holding a beneficial interest of at least 10 per cent whether acting alone, together or through one or more individuals or trust, in a company
 "MCA amends provisions of SBO's share transfer to investor awareness fund")
Edelweiss Fin Services reports Rs 637-cr net profit for Mar quarter
Edelweiss Financial Services on Friday reported a consolidated net profit of Rs 636.70 crore for the March 2021 quarter.
 "Edelweiss Fin Services reports Rs 637-cr net profit for Mar quarter")
Former IL&FS chairman Ravi Parthasarathy arrested by Chennai police
Arrest based on 63 Moons complaint of Rs 200 cr fraud
 "Former IL&FS chairman Ravi Parthasarathy arrested by Chennai police")