Page 503 - Company News

Tourist hotspots have appetite for more offerings, says IHCL CEO & MD

IHCL's plans two offerings in Bahrain, Saudi Arabia each

RBI imposes fine on Manappuram Finance, IndusInd Bank over non-compliance

The statutory inspection of the companies was conducted by the RBI with reference to their financial position as of March 31, 2023

S-P Global upgrades Vedanta's rating from B- to B with stable outlook

VRL's focus on deleveraging has reduced debt by USD 4.7 billion in the past two years, Chairman Anil Agarwal said in a letter to shareholders in November this year

Bombay HC dismisses Seclink's plea challenging Dharavi revamp project award

The petitioner, SecLink Technologies Corporation, was the 'preferred bidder' in the first round of bidding, which was later scrapped

DGTR initiates probe into 'steel flat product' imports amid concerns

As part of the investigation, the directorate would determine whether unforeseen developments have resulted in a sudden, sharp and significant increase in imports in recent periods

Bajaj Auto's Chetak 35-Series exports may start within six months

More variants of the e-scooter, targeting delivery executives, likely soon

Kia unveils subcompact SUV Syros, launch in Jan at Bharat Mobility Expo

Kia Syros's design is inspired by the Korean automaker's global models Kia EV9 and Kia Telluride

Competition Commission clears over Rs 7,000 cr UltraTech-India Cements deal

The Adani group has plans in the works to raise its production capacity to 140 MTPA by FY28, just a shade below market leader UltraTech's current capacity of 156.66 MTPA of grey cement

Skoda Octavia RS: 261 BHP powerhouse to debut at Bharat Mobility Expo 2025

One of the highly anticipated models making its India debut at the Bharat Mobility Expo 2025 is the new Skoda Octavia RS alongside the new Skoda Kodiaq SUV

Bihar attracts investment proposals of Rs 1.8 trn at global investors' meet

As many as 57 MoUs were signed in general manufacturing for Rs 55,888 crore, followed by food processing sector Rs 13,663 crore in 70 units. Sun Petrochemicals , Adani Group were among top bidders

Tata DDL partners with Baaz Bikes to set up EV battery swapping stations

Tata Power Delhi Distribution on Friday said it has joined hands with Baaz Bikes for augmenting and setting up of electric vehicle battery swapping stations across North and Northwest Delhi.

GST authority imposes Rs 1 cr fine on Cipla for inadmissible credit claim

Cipa said based on assessment of facts and prevailing law, it is "of the view that the penalty levied is arbitrary and unjustified

WWE set to shift Indian media rights from SPNI to Netflix in $5 bn deal

Netflix India is set to stream WWE content starting April 2025, marking its debut in Indian sports entertainment and ending WWE's two-decade partnership with SPNI

BPCL buys first crude oil cargo from Argentina for Feb delivery: Reports

The state-run refiner has purchased the 1-million-barrel cargo of Medanito crude for February delivery from European trader Mercuria, the sources said

Tata Power, Canara Bank partner to offer loans for rooftop solar systems

The partnership underscores the push for clean energy solutions in India, which aims to achieve 500 GW of installed electric capacity from non-fossil sources by 2030

Haldiram Snack to invest Rs 300 cr in Bihar, MoU signed to set up plant

In 2022, it was announced that the packaged snacks businesses of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International would be first demerged and then merged into other entity

Shriram Finance targets Rs 5,000 cr AUM for green lending in 3-4 years

Shriram Finance's total AUM was 2.43 trillion rupees as of September end and its green financing portfolio is currently around Rs 6 billion- Rs 7 billion, the company said at a press conference

Adani Group plans Rs 20K crore super critical thermal power plant in Bihar

The group is also looking to potentially invest another Rs 1,000 crore in developing strategic infrastructure in Bihar

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar

According to the latest presentation on the company website, Ashoka Buildcon had an order book of Rs 11,697 crore as of March 31, 2024. Of this, the roads and railway project is Rs 6,214 crore

NHPC to invest Rs 5,500 cr in setting up 1,000 MW solar project in Bihar

The firm signed an MoU with the state government for the investment at the Bihar Business Connect 2024 investor summit here