Page 2877 - Company News

L&T emerges lowest bidder for 237-km viaduct of bullet train project

Infrastructure company Larsen & Toubro has emerged as the lowest bidder for the design and construction of 237 km length of viaduct for 508-km Mumbai-Ahmedabad High Speed Rail corridor

Top trader-retailer body moves govt against Amazon, Flipkart festive sales

Says hefty discount amounting to predatory pricing, cashback by credit and debit card banks and high interest rate on EMI offered to buyers need to be scrutinised

NCLT okays JSW Steel's resolution plan for Asian Colour Coated Ispat

JSW Steel had emerged the highest bidder for the company in June last year with an offer of Rs 1,550 crore

Awarded FGD installation orders for 50 GW thermal power generation: NTPC

NTPC said it has awarded contracts for installation of flue-gas desulphurisation technology for its 50 GW thermal power generation capacities

Reliance says India will fully shift to renewable energy in few decades

Reliance, which operates two giant refineries with a combined capacity of 1.4 million barrels per day in western India, aims to become a net zero carbon company by 2035

Sykes sets up centre in Hyderabad, to hire 150 people by year-end

Digital marketing and customer service firm Sykes on Monday said it has opened a new facility in Hyderabad - its third in the city - and will hire about 150 people for the centre by the year-end

Coal India subsidiaries to have autonomy in base e-auction price from Nov

Coal India subsidiaries will have autonomy in fixing the base price for e-auction coal from November depending on demand, sources said on Monday.

India likely to ease Air India offer, let suitors decide on taking debt

Current rules require bidders to take over the carrier's $3.3 billion of aircraft debt, deterring buyers

Amul introduces healthy beverage 'Seltzer' by blending dairy, fruits, fizz

Dairy major Amul on Monday said it has introduced innovative and healthy beverage product 'Amul TRU Seltzer', a blend of dairy, fruit juice and fizz, in the market

CIL coal supply to power sector drops 10% in 1st half of FY21 to 198 MT

The government had imposed nationwide lockdown on March 25 to contain the spread of COVID-19. Power consumption started declining from March onwards due to fewer economic activities in the country

Britannia Q2 profit rises 23% to Rs 495 cr; rebenue up 12% to Rs 3,419 cr

Total expenses were at Rs 2,822.02 crore, up 7.80 per cent from Rs 2,617.64 crore earlier

Nigerian regulator blacklists Vadodara firm over substandard drugs

Matter relates to eight batches of drug made by Mars Remedies from for a Nigerian pharma company; all its products are now barred from entry into African nation

Uber introduces rider mask verification selfie feature in India amid Covid

Unlike for drivers, the rider app will only prompt a passenger to take a selfie if a driver previously reported they were not wearing a mask

Paytm enters co-branded credit card biz, to add 2 mn users in 18 months

Paytm, in a statement, said it is aiming to transform the credit market by enabling ''new to credit'' users to join the digital economy

Kapil Wadhawan offers Rs 43,000 cr family assets to repay DHFL lenders

Wadhawan wrote to RBI-appointed administrator R Subramaniakumar on October 17 saying his offer would ensure maximum value for the assets that have been put on the block to repay loans

Kalyan Jewellers receives Sebi's approval to float Rs 1,750-cr IPO

Sebi''s observations are necessary for any company to launch public issues like initial public offer (IPO), follow-on public offer (FPO) and rights issue

Edelweiss raises Rs 6,600 cr AIF, plans to raise $1 bn fund for realty

The arm is looking to raise an alternative investment fund (AIF) of over USD 1 billion next year to invest in realty assets.

Inox Wind bags 40 MW orders from retail customers across various industries

The projects will be executed on a turnkey basis across locations in Gujarat and Karnataka

Centre asks at least eight state-run companies to consider buybacks: Report

"Buyback is an important tool in our strategy and it helps in building market price," the second source, who also spoke on condition of anonymity, said

Will the IPO everyone is waiting for come this year? Find out LIC 'plans'

In this podcast, Business Standard's Shrimi Choudhary discusses what has been done so far in the LIC IPO, what needs to be done to be on track and about the complexities surround the listing