Page 3248 - Company News

AIESL to maintain Pratt & Whitney's geared turbofan engines in India

A320 neo planes have been grappling with snags for nearly four years. A substantial number of such neos are operated in India by IndiGo and GoAir.

After Mumbai, Google to launch its cloud infrastructure in Delhi by 2021

Projected to launch in 2021, the Delhi cloud region will have three zones to protect against service disruptions

Ruias plan comeback, say Essar to re-start investment in India and abroad

Group repaid Rs 1.4 trn debt to banking system over past three years; promoters say it currently generates earnings of Rs one trn a year, mainly from UK refinery

Swiss firm plans steel plant in Kadapa district, to invest Rs 120 bn

IMR chief and other officials came up with the proposal during a meeting with the Chief Minister YS Jagan Mohan Reddy here on Thursday.

No APIs, drugs shortage in India due to coronavirus: Sadananda Gowda

Announces one API, one medical device park in Gujarat

RCom lenders okay Rs 230 bn resolution plan; Chinese banks to get Rs 55 bn

Under the plan, 38 lenders of RCom can recover over 70 per cent of their outstanding of Rs 33,000 crore secured debt, they said.

NTPC to commission second 800-Mw unit at Darlipalli in Q2 of FY21

Odisha to get 470-Mw power; NTPC has signed purchase pacts with Meghalaya, Assam and Tripura, and will also feed some power to Bihar and Chhattisgarh

Covid-19 outbreak could raise downside risk for steel sector: India Ratings

Plant capacity utilisation in India not directly impacted yet, says agency

Maruti Suzuki ties up with HDB Financial Services for providing car loan

HDBFS has a network of over 1,425 branches in 1,038 towns and cities

Alembic gets USFDA approval for generic doxycycline hyclate tablets

Doxycycline hyclate tablets are indicated for use as an adjunct to scaling and root planing to promote attachment level gain and to reduce pocket depth in patients

BMW India launches new updated version of second-generation BMW X1

The new BMW X1 grabs the limelight with its refreshed design, attractive features and sophisticated balance between driving dynamics and comfort

JLR partners with Tata Power for electric vehicle charging solutions

Tata Power will be responsible for providing a range of AC and DC chargers, starting from 7 kW to 50 kW capacity, JLR India said in a statement

Cathay Pacific fined by UK watchdog for data breach of 9 million fliers

Between October 2014 and May 2019, a lack of security measures on the carrier's computer systems led to a massive data breach involving 9.4 million customers around the world

Bank unions oppose mega bank merger, to go on strike on March 27

Venkatachalam alleged that govt's decision to merge 10 banks would lead to the closure of six banks - Andhra Bank, Allahabad Bank, Corporation Bank, Oriental Bank of Commerce, Syndicate Bank and Unite

Reliance Retail acquires Shri Kannan Departmental Store for Rs 152.5 cr

RRVL will acquire 7,86,191 equity shares representing 100 per cent of the equity share capital of SKDS

S&P lowers Jain Irrigation's ratings to 'D' for missing interest payments

The interest payment was due on February 1, 2020, and the 30-day grace period ended on March 3, 2020, S&P said in a statement

Microsoft's Silicon Valley staff to work from home amid coronavirus fears

Microsoft asked many of its employees in the Seattle region near its headquarters and the San Francisco Bay Area to work from home if possible until March 25

Govt allows NRIs to now acquire up to 100% equity in Air India

This has been termed a landmark decision by Union minister Prakash Javadekar

Amazon, Mercedes Benz employees in Bengaluru test positive for swine flu

As a precautionary measure, both companies have started sanitising their offices

Crude to snuff gains from weak rupee, muted global demand to hurt exports

Tourism and hospitality, auto and aviation could see a demand crunch amid coronavirus; earnings from rupee depreciation to export-driven sectors such as IT and pharma could be limited