Page 487 - Company News

Tata Motors' new EVs promise over 500 km range on a single charge

This has been made possible by declining global costs of battery cells for EVs

Reliance's first-ever refinery at Jamnagar completes 25 yrs of operations

When Reliance founder chairman Dhirubhai Ambani wanted to pursue his long-cherished dream of setting up a refinery, he was offered land in the barren and desolate region off Jamnagar

Adani Enterprises revenue to jump to Rs 1.5 trn, earnings to rise 46%

The company is incubating airports, manufacturing solar modules and wind turbines, green hydrogen, road construction, data centre, and copper

Dharavi Redevelopment Project changes name to Navbharat Mega Developers

Company says it is to avoid being mistaken for the government authority in the same space, which is Dharavi Redevelopment Authority (DRA)

Motorcycle maker Ultraviolette to accelerate commercial operations in 2025

When asked about the volume target, Rajmohan said the company's objective is to clock about 1,000 units a month by the second half of 2025

Section of Akasa Air pilots seeks detailed DGCA audit over training issues

In a detailed communication to the civil aviation ministry and the DGCA on Saturday, the section of pilots has also mentioned that they are in the process of forming a pilots' union at the airline

May boost 4G, 5G investment: VIL calls DoT's bank guarantee waiver 'relief'

Prior to this reform, bank guarantees aggregating to about Rs 24,800 crore were required to be provided by VIL against each spectrum instalment, 13 months prior to the installment falling

IndiGo's Mumbai-Istanbul flight cancelled due to technical glitch

The long delay prompted some of the passengers to vent their anger on social media. No food or even water was served and there was no representative from the airline willing to listen

Vodafone Group clears about Rs 11,650 cr dues raised against VIL shares

The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group

RIL acquires healthcare startup Karkinos for Rs 375 cr in all-cash deal

Reliance Strategic Business Ventures Ltd has on December 27, 2024, subscribed to and has been allotted 10 mn equity shares of Rs 10 each

Zydus Wellness arm gets Rs 56.33 cr GST demand over Heinz IP rights deal

Zydus Wellness Ltd on Saturday said its wholly-owned arm has received a GST demand of Rs 56.33 crore, along with applicable interest and penalty from the tax authority.

Barclays fires 15 bankers, denies bonuses ahead of holidays; faces flak

The 15 professionals were among 50 employees let go last month by the UK-based bank, sparking legal threats as employees claim bonuses should be paid for work done

UltraTech to buy 8.69% stake in Meghalaya-based Star Cement for Rs 851 cr

Aditya Birla Group company to expand presence in East India with new acquisition

Air India to strengthen practices in 2025, become profitable: CEO

Wilson stated that the Group employs 30,000 people who help its two airlines fly over 60 million passengers annually to more than 100 destinations within India and internationally

DGCA suspends Akasa Air's directors of training, flight ops over lapses

The regulator said an audit found that navigation skills of pilots were being conducted on simulators that weren't qualified for that kind of training

APSEZ places order with Cochin Shipyard for 8 tugs in Rs 450 cr deal

Delivery of these boats will start from December 2026, and will continue till May 2028, the company said

JSW Energy inks deal to acquire O2 Power at $1.47 bn enterprise value

JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW

SBI-SG Global pays Rs 29.25 lakh, settles FPI violation case with Sebi

The order came after SBI-SG Global Securities Services submitted a settlement application, requesting for settlement of the adjudication proceedings under the Sebi's settlement regulations

NTPC partners with CCTE to explore thorium-based nuclear energy solutions

The move aligns with NTPC's efforts to venture into nuclear energy and use it as a clean, dispatchable, and baseload source of energy to support this endeavour

OpenAI board considers plan for a more conventional for-profit business

The board is evaluating a plan that would turn OpenAI's business into a public benefit corporation - an entity free to pursue income but with the goal of bettering society