Page 2795 - Company News

Numaligarh Refinery signs MoU with OIL India to augment pumping capacity

This will help OIL to increase product evacuation from 1.72 million metric tonnes per annum (mmtpa) to 5.50 mmtpa through Numaligarh-Siliguri pipeline

Corporate affairs ministry defers implementation of CARO order

This comes amid the disruptions caused by the coronavirus pandemic

Star Health aims premium collection of Rs 10,000 cr in current fiscal

The company has close to 15 per cent of market share in the overall health insurance segment, including all general insurance players

Only two of six bids for Reliance Home Finance are compliant and binding

The lenders have decided to further extend the bidding timeline till January 31, 2021, in order to accommodate the four non-compliant bidders

Reliance, BP to get govt capped price of $4.06 for new gas from KG-D6

Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price

In push to digital payments, WhatsApp Pay now live ln India for 20 mn users

The feature has been launched with support from banking partners State Bank of India, HDFC, ICICI, and Axis Bank

Offshore Patrol Vessels: L&T builds faster, cheaper than Goa Shipyard

Since PM Narendra Modi inaugurated GSL's indigenous shipbuilding project in November 2016, the shipyard has handed over two OPVs to the ICG and launched the other three

IndiGo looks to achieve pre-Covid traffic level in first few months of 2021

The airline is gearing-up for the expected demand and plans to Regional routes will take centre stage in aviation's growth especially in the near future

Tube Investments increases stake in CG Power after preferential allotment

Initially, TII invested around Rs 700 crore to acquire 51% stake in the scam-hit CG Power and Industrial Solutions

Honda pulls the plug on production at Greater Noida facility, say reports

Honda Cars India Ltd (HCIL) has decided to pull the plug on production at its Greater Noida plant in Uttar Pradesh, sources said on Saturday.

Apple puts Wistron on probation, suspends new business opportunities

Wistron on Saturday admitted to certain lapses in payments to workers at the facility in Kolar district and said that it is removing its vice president Vincent Lee, who oversees its business in India

iPhone maker Wistron agrees to lapses in payment of wages, sacks India VP

Assures that all workers will be fully compensated immediately

Apple supplier Wistron could not manage scaled up India plant: Govt report

Several thousand contract workers at Wistron angered over alleged non-payment of wages destroyed property, factory gear and iPhones at the plant early on Dec

Apollo Hospitals plans to raise Rs 1,500 crore in next two months

The pharmacy business is one the main segments that helped Apollo cushion from any big shocks due to the pandemic

OneWeb launches 36 satellites; to offer hi-speed internet from 2021 end

This takes the total in-orbit constellation to 110 satellites, part of OneWeb's 648 LEO satellite fleet that will deliver high-speed, low-latency global connectivity, a company release said

Piramal, Oaktree slug it out as race for debt-laden DHFL intensifies

Lenders to meet today to decide on presentations by firms companies

Initial probe of Wistron India violence finds 'labour violations': Report

Wistron is one of Apple's top global contract manufacturers

P&W-made GTF engines complete 2 million flight hours in India

While GoAir has only A320NEO planes in its fleet powered by these engines, IndiGo has A321NEO as well along with A320NEO planes

Smaller steel producers trail top six players in scaling up production

Shortage of iron ore, spike in input costs are the major impediments

Chinese hackers targeted Indians with e-shopping scams, says report

The hackers created bogus links and asked internet users to click on them to participate in online contests and win prizes