Page 505 - Company News

NTPC plans to set up nuclear power project in Bihar, says CMD Gurdeep Singh

NTPC has also requested the state government for a land parcel at a suitable location to take forward its nuclear plans, he said addressing a session at the 'Bihar Business Connect 2024' summit

IOC to invest over Rs 21,000 cr in Bihar refinery expansion, gas projects

IOC is expanding its Barauni refinery to 9 million tonnes per annum from current 6 million tonnes together with a petrochemical plant at a cost of about Rs 16,000 crore

Adani Energy Solutions incorporates wholly owned subsidiary AESSTL

Adani Energy Solutions (AESL) on Thursday said it has incorporated a wholly owned subsidiary Adani Energy Solutions Step-Ten Ltd (AESSTL).

Amway India loss doubles to Rs 52.78 cr in FY24, sales flat at Rs 1,284 cr

Amway India had reported a net loss of Rs 21.72 crore and revenue from operations at Rs 1,278.69 crore a year ago

No impact of Swiss withdrawal of MFN status to country: Nestle India

Suspension of MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not 'Nestle-specific', the FMCG firm said

JSW Infra plans 400 mtpa cargo handling capacity, Rs 30K cr capex by FY30

Company to strengthen its ports in multiple states; focusing on its logistics arm too

Micromax, Taiwan's Phison join hands to design storage chipsets in India

Micromax Informatics Co-Founder Rahul Sharma told PTI that the company has started production at its Noida facility

Aircraft lessor Genesis to buy SpiceJet's stake to settle $16 mn dispute

The budget carrier, which recently raised Rs 3,000 crore amid financial headwinds, has been settling various disputes with lessors and other entities

Coffee culture in crisis? Starbucks India rethinks its growth brew

Tata Starbucks scales back store openings amid inflationary pressure and real estate challenges. The company remains bullish on India's cafe market, targeting 1,000 stores by 2028

Honda-Nissan merger negotiations likely to begin next week, says Nikkei

Representatives for Honda and Nissan in the US didn't immediately reply to a request for comment on the start-date for talks

Amazon exits Shoppers Stop; sells entire 4% stake for Rs 276 crore

In January 2018, Shoppers Stop announced that it had allotted shares worth Rs 179.26 crore to Amazon.Com NV Investment Holdings LLC, an investment arm of Amazon.com

Mamata Banerjee inaugurates Infosys development centre in Kolkata

Inaugurating the development centre, Chief Minister Mamata Banerjee said this is a New Year gift to West Bengal

myTVS enters B2B qcom for automotive parts; promises 2 hour delivery

With a catalogue of over 12 million parts, myTVS will initially establish 50 "dark stores" branded as myTVS Hypermart by March 2025 in Tamil Nadu, Kerala, Maharashtra, and Gujarat

How has Indian govt taken double of the debt: Vijay Mallya hits back

Fugitive liquor baron Vijay Mallya questions excess recovery claims, seeks relief from authorities

myTVS enters quick commerce for auto parts distribution; to open 250 stores

The city-headquartered company plans to set up 250 stores branded as myTVS Hypermart across India over the next three years, Managing Director G Srinivasa Raghavan said here on Wednesday

IndiGo suggests step-by-step hike in pilot rest period from June 2025

Airline opposes DGCA plan to extend 'night duty window'

Reliance Nippon Life in talks with IndusInd Bank on bancassurance tie up

Mauritius-based IndusInd International Holdings Ltd (IIHL), the parent entity of IndusInd Bank, won the bid to acquire RCAP and entities under it

Welspun One plans to raise Rs 4,000 crore to double portfolio size

Welspun One said it has already committed around 75 per cent of its Rs 2,275-crore Fund 2, within six months of its final close earlier this year

Punjab & Sind Bank raises Rs 3,000 cr through maiden infrastructure bonds

Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past

Piramal Capital & Housing Finance to sell Rs 550 cr of NPLs through auction

Of the Rs 550 crore of bad loans put up for sale by PCHFL, Rs 314 crore are unsecured loans, and Rs 236 crore are secured loans