Page 290 - Company News

World's largest container ship docks at Vizhinjam International Seaport

MSC IRINA boasts of an impressive capacity of 24,346 TEUs, making it a formidable player in global shipping

L&T bags up to ₹2,500 crore order from JSW Energy for heavy civil unit

L&T's Heavy Civil Infrastructure unit wins ₹1,000-2,500 crore order from JSW Energy for the Bhavali Pumped Storage Project (PSP) in Maharashtra, boosting hydroelectric capacity

Rapido to undercut Zomato, Swiggy with 8-15% restaurant commissions

Ride-hailing firms have previously struggled with high costs and thin margins, raising questions about the long-term profitability of the segment as Rapido enters the food delivery space

Midwest Advanced Materials bets ₹1,000 crore on rare earth magnets

Plans first production by Dec; secures Sri Lankan mines

Eli Lilly's weight loss drug Mounjaro sales bulk up 60% on dosage upgrade

It logged value sales worth Rs 12.61 crore in May, compared to Rs 7.88 crore in April.

Tata Steel plans to commission UK electric arc furnace unit by 2027

"Using recycled scrap, the new (Port Talbot plant) steelmaking facility will reduce the on-site carbon emissions by up to 90 per cent," the company said in its annual report

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

The bank rejected the "malicious and baseless allegations" levelled against HDFC Bank's MD and CEO Sashidhar Jagdishan

MSC IRINA to embark on its first journey from Vizhinjam: Adani Ports

With a length of 399.9 metres and a width of 61.3 metres, the vessel is approximately four times longer than a standard FIFA-designated football field

Sat Pal Bhanoo takes interim charge as LIC MD & CEO for three months

Following Siddhartha Mohanty's term completion, Sat Pal Bhanoo has been given interim charge as LIC MD & CEO for three months or until a new incumbent is appointed

Ambuja makes 30% of cement used in infra, housing projects in India: CEO

Ambuja Cements, now a key part of the Adani Group, has surpassed 100 MTPA capacity and plans to reach 140 MTPA by FY28, driven primarily by brownfield expansions

Airtel urges RBI, NPCI and banks to collaborate on digital fraud fight

Bharti Airtel seeks a joint database of fraudulent financial domains and proposes awareness campaigns to strengthen India's fight against digital scams and fraudsters

RInfra takes flight with ₹5,000 crore bet on aircraft upgrade business

The company has already marked a significant milestone by successfully upgrading 55 Dornier-228 aircraft under a contract with HAL, in collaboration with US-based avionics firm Genesys

NCLAT rejects Byju's plea on Aakash shareholding status quo directive

The appellate tribunal said the NCLT order was a consensual interlocutory directive that did not determine rights, and thus no interference was warranted at this stage

Tata Steel to begin UK low-carbon project in July 2025, eyes 2027 launch

The reductions are based on optimising substrate costs, modernising IT infrastructure, rationalising downstream operations and eliminating corporate overheads

Gautam Adani draws ₹10.41 crore salary in FY25: Who earned more than him?

Billionaire Gautam Adani drew a salary of ₹10.41 crore in FY25, an increase of 12% from the previous year, but remains behind several peers and group executives in remuneration

Maruti, Hyundai eye robust growth in exports amid domestic challenges

Hyundai Motor India expects single-digit export growth this fiscal, while Maruti Suzuki is targeting a robust 20% rise in overseas shipments despite a challenging domestic market

G Square Group announces Rs 1,000 crore mega township project in Coimbatore

G Square Group acquired the 714- acre Kovai Hills project from Rakindo

AMNS India supplied 70% steel for Chenab bridge, 100% for Anji Khad project

AMNS India supplied 25,000 metric tonnes of high-strength structural steel, accounting for 70 per cent of the total steel used in the Chenab Bridge, the company said in a statement

GST breather for Infosys: DGGI closes ₹32,400 cr pre-show cause notice

Infosys said it had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under the Reverse Charge Mechanism

JK Cement acquires 60% stake in J&K-based Saifco Cements for Rs 150 cr

As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco