Page 3032 - Company News

Nisus Finance to invest Rs 500 cr in distressed realty projects by March

Goenka said the discussions are in advanced stage for three investment deals

Polycab India eyes international markets amid anti-China sentiments

It has already established subsidiaries in the US and Australia for trading wires and cables

Ferns N Petals to expand operations into Qatar, Saudi Arabia and Indonesia

Presently, Ferns N Petals, a 27-year-old company, has presence in foreign markets like the UAE and Singapore

IRB Infra wins NHAI contract for executing Vadodara-Mumbai Expressway

Last week, the company had emerged as the preferred bidder for the project under hybrid annuity mode (HAM), with a bid cost of Rs 1,755 crore

Indian steel market recovering after Covid-19 lockdowns, says Aditya Mittal

Aditya, son of steel baron LN Mittal, said that operations at ArcelorMittal Nippon Steel India's (formerly Essar Steel) Hazira plant in Gujarat are running at full capacity

'Our sort of moment': Indian billionaires bet big in Covid-19 vaccine race

Serum Institute, the world's largest vaccine producer, has announced a plan to make hundreds of millions of doses of an unproven inoculation. 'I hope we don't go in too deep,' says CEO Adar Poonawalla

Mobile companies commit Rs 11,000 cr investment under PLI scheme: ICEA

According to the estimates of India Cellular and Electronics Association (ICEA), mobile phone companies will increase devices production in the country to around Rs 27.5 trillion

Two-wheeler sales show recovery in July; firms dispatch 769,045 units

The year-on-year decline also narrowed to 4.4% in July from the high double-digit decline in the previous month

RailTel broadband RailWire's subscriber base up 1.5 times in 4 months

RailTel's retail broadband service RailWire is a collaborative platform that ropes in local cable operators and entrepreneurs to provide last-mile connectivity to households and small businesses

TVS Motor July sales dip 10% YoY, total exports down to 62,389 units

Motorcycle sales were at 1,06,062 units last month, as against 1,08,210 units in July 2019, while scooter sales were at 78,603 units, as against 1,05,199 units in July 2019, the company said

More flexibility for Surat diamond, textile markets but with conditions

Restrictions were imposed on the functioning of the two sectors last month as Surat witnessed a sharp increase in Covid-19 cases over the past few weeks

JLL India to grow housing brokerage biz, strengthen presence in realty tech

Property consultant JLL India is aiming to become a significant player in the real estate technology space and will also invest to grow its housing brokerage business

FCA India recalls 547 units of MY20 Jeep Compass for fixing 'brace nut'

Automobile maker FCA India said it is recalling 547 units of its 'MY20 Jeep Compass' model to rectify fitment of a 'brace nut' which is used in wiper assembly as a precautionary exercise.

Religare case: SC stays bail granted to ex-Fortis promoter Shivinder Singh

The high court on July 23 granted bail to Singh, saying it does not perceive any grave threat to the interests of the society or the public at large with his release

Apple vendors, Samsung apply for PLI; govt plans Rs 11-trn worth production

The proposals by electronics manufacturers will create 300,000 direct and 900,000 indirect jobs, says Ravi Shankar Prasad

Ashok Leyland M&HCV sales volume dips 75% in July, LCV drops 32%

Light Commercial Vehicle (LCV) sales dropped by 32 per cent to 2783 units from 4.083 units

Wholesale auto sales make comeback in July, 88% jump for Maruti over June

Executives say this indicate supply side constraint like availability of labour and raw material supply has been addressed

Mahindra sales slump 36% to 25,678 units in July, PV sales down 34%

In the commercial vehicles segment, the company sold 13,103 vehicles as against 15,969 units earlier, a dip of 18 per cent

SBI profit up 81% in June quarter to Rs 4,189 cr, moratorium down at 9.5%

A one-time gain of Rs 1,540 crore from the stake sale in its life insurance subsidiary and robust interest income were the key factors for the rise in profits Q1FY21

Power consumption slump drops to 2.64% in July; may hit normal level in Aug

The latest data of the power ministry shows that power consumption has improved after government started giving relaxations for economic activities and onset of summers