Page 472 - Company News

ED raids promoters of Tadoba Andhari tiger safari over alleged fraud

The agency claimed the directors of WCS utilised the "fraudulently" gained amounts for acquisition of personal properties and for payment of past loans availed in the name of other entities

NTPC Renewable Energy starts 110 MW commercial supply from 2 solar projects

It further stated that the second part capacity of 50 MW out of 220 MW Shajapur Solar Project (Unit-II) at Shajapur, Madhya Pradesh of NTPC REL, is declared on commercial operation from January 10, 25

CESC Q3 results: Profit drops 6.3% to Rs 282 cr, declares interim dividend

The board has declared an interim dividend of Rs 4.50 per equity share for the fiscal. The record date for eligible shareholders to receive the interim dividend is January 16, 2025

Speedy Multimodes renews 6-year partnership with Central Warehousing Corp

As one of two strategically located facilities operated by Allcargo Terminals in Mundra, the CFS is well-equipped to provide flexible solutions and the required capacity

SpiceJet to bring 10 grounded Boeing 737 back into service by mid-April

SpiceJet has 28 aircraft, of the total 62 in the fleet, in operations, comprising 20 B737, six De Havilland Canada DHC-8 Dash 8 and two Airbus A320, as on January 10 as per flight tracking website

Vodafone exits Indus Towers, raises Rs 2,800 cr; clears Rs 890 cr dues

Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing

Mercedes-Benz 2024 car sales fell 3% in a tough year for automakers

Annual sales of battery-electric cars (BEV) dropped by 23 per cent to 185,100 vehicles, adding pressure on the carmaker as new, harsher EU CO2 emission reduction targets take effect this year

Infosys joins hands with Andhra for skill census of 35 million people

The project will cover people, between 15 to 59 years, across 1.8 crore households. The census is also to identify the skill sets that industries require

ONGC adds 65 new ambulances for effective internal operations in Assam

Out of the total ambulances, 63 are equipped with essential features, like foldable seats, swiveling fans, autoloader stretchers

SECI's cumulative awarded renewable energy capacity exceeds 73 GW in Dec

In the financial year 2023-24, the company witnessed a substantial increase of 22.13 per cent in its annual trading volume, with a total of 42.935 billion units traded

Godrej Properties acquires 24 acre land in Indore; eyes Rs 500 cr revenue

After acquiring 46-acre in July 2024 on Indore-Ujjain Road, this will be the company's second acquisition in Indore

Ashiana Housing sales bookings jump over 2.5 times to Rs 454 crore in Q3

The company's sales bookings stood at Rs 173.88 crore in the year-ago period

Nomura hires Sudhir Nemali as international wealth chief operating officer

Nemali, who has over three decades of wealth management experience, is joining from Deutsche Bank, where he was most recently the chief operating officer for wealth management

Meta's fact-checking decision raises warnings for India's digital space

Meta's move to replace third-party fact-checking in the US with a community-driven model has raised alarms about potential misinformation risks and its impact on India's content regulation framework

Section of Akasa Air pilots seeks probe into airline's hiring practices

Among others, these pilots have claimed that some operating crew do not report to work on time and claimed that there are issues with reporting of On Time Performance

Broad-based corporate capex recovery unlikely in FY26: India Ratings

Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity is necessary, the agency added

TCS bets on Prez-elect Trump to boost US client confidence, spending

The comments came after the leader of the $254 billion Indian IT sector reported a decline in North American revenue for the fifth-straight quarter

ARPU gains, dividend trigger for Bharti Airtel as telecom enters new phase

Airtel, with industry-leading ARPU and subscriber growth, may also see a 60 basis points (bps) growth in operating profit margin

Madhya Pradesh High Court lifts stay on Religare Enterprises' AGM

The order clears way for the open offer by Burman family

Adani Commodities to offload 20% stake in Adani Wilmar through OFS

The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price