Page 409 - Company News

ArcelorMittal-Nippon warns import curbs may impact India production

ArcelorMittal Nippon Steel India, a 60-40 joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, did not respond to a request for comment

India Semiconductor Mission, Tata ink fiscal pact for Gujarat chip plant

The Centre through the India Semiconductor Mission, has committed 50 per cent fiscal support on a pari-passu basis for eligible project costs

CCI rejects allegations against Navodaya Vidyalaya Samiti, RailTel

It was alleged that the two entities indulged in anti-competitive practices regarding a project for integrated infrastructure and IT solutions under the PM-SHRI scheme

Bombay HC permits Adani Group firm to cut mangroves for jetty project

The HC was hearing a petition by Adani Cementation, seeking permission to cut mangroves to facilitate construction of a berthing jetty

IHC Capital's arm sells Adani Enterprises shares for Rs 1,832 crore

The shares were disposed of at an average price of Rs 2,168.1 apiece, taking the combined transaction value to Rs 1,831.82 crore

Tesla signs 5-yr lease for Mumbai showroom, to start EV sales in 2025

The rent will increase by 5 per cent every year reaching about $542,000 for the fifth year, according to the registered lease document

Aiming for 100% PC manufacturing in India in next 3 years: Lenovo

Lenovo India Managing Director Shailendra Katiyal said that of the total PC sales in India, the company manufactured 30 per cent locally, and will hit 50 per cent next year

Kandhari Global is open to buying out more bottling plants from HCCB

The company is currently in the process of acquiring HCCB's plant in Northern Gujarat, (Sanand) which is reportedly being bought out for around Rs 2,000 crore

Air India sacks trainer pilot after probe into whistleblower claims

In a statement, the Tata Group-owned airline said a detailed probe was conducted into the allegations, which were corroborated after a review of the evidence.

NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan

SEPCO opposed the scheme, alleging that TSPL had concealed material information about its liabilities

Brookfield sells 1.6 GW India renewables portfolio to Gentari Renewables

The transaction, structured in two phases, has already seen the completion of the first phase, which involved the sale of 1 GW of operating assets, the alternative asset manager said in a statement

Will Byju's employees ever get their unpaid salaries? What CEO has to say

Byju CEO Byju Raveendran assures unpaid employees that salaries will be cleared 'not immediately, but eventually', as staff struggle with three months of unpaid wages and financial uncertainty

Cantabil Retail eyes Rs 55 cr capex by FY26, to expand production capacity

Nigam shared details about the company's major project, set for completion by mid-September

Legal net tightens around Byju Raveendran after US court ruling on fraud

Raveendran has called for an investigation into what he alleged is a "criminal collusion" between accounting firm EY India, GLAS Trust which represents US lenders, and the IRP

Leap Finance secures $100 mn debt facility from HSBC to help int'l students

Lack of affordable and flexible financing is one of the biggest challenges faced by many high-quality students in their pursuit of a global education

Zydus launches affordable, breakthrough drug for transplant patients

Letermovir provides a safer, well-tolerated, and effective alternative, offering superior safety and reduced side effects while improving transplant outcomes

Ready for more opportunities from Coca-Cola: Kandhari Global Beverages

Kandhari Global Beverages, which has recently acquired Coca-Cola's bottling operations in the North Gujarat region, plans to double its turnover in the next 5-6 years from current Rs 4,500 cr

Ultraviolette plans to introduce 10 new electric two-wheelers in 3 years

The company, which unveiled its first electric scooter 'Tesseract' along with new lightweight electric motorcycle 'Shockwave' here, is also looking at bringing 'multi-terrain bikes' in future

OYO estimates Rs 1,100 cr PAT, Rs 2K cr Ebitda for FY26: Ritesh Agarwal

Motel 6 is projected to contribute an EBITDA of over Rs 630 crore in the coming financial year

HPCL, Tata Motors launch co-branded diesel exhaust fuel 'Genuine DEF'

The co-branded diesel exhaust fuel will be available across 23,000 fuel stations of the Hindustan Petroleum Corporation Limited (HPCL) pan-India as well as over 2,000 authorised outlets of Tata Motors