Page 509 - Company News

Suchi Semicon starts plant without govt's incentive, plans to spend $100 mn

Suchi Group Chairman and Suchi Semicon founder Ashok Mehta said though the company has applied for the Centre's incentive under SPECS and India Semiconductor Mission

Tata Steel engages with NMDC, OMC to secure iron ore needs for future

Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand

UPL-SAS sees tech, climate solutions for growth after $200 mn investment

With agriculture spanning 400 mn acres and involving 130 mn farmers, 80-85 per cent of whom are smallholders, UPL-SAS is reimagining its role from a crop protection product seller to solution provider

India plans intact; to add more headcount despite global turbulence: Nissan

Earlier in July this year, Nissan India announced that it is looking to introduce five models over the next 30 months as it looks to turn around its operations in the fast-growing Indian car market

Akasa Air pilots flag training and safety practices, airline denies charges

The section of Akasa Air pilots wrote to Civil Aviation Minister K Rammohan Naidu and highlighted alleged unfair practices, harassment and safety concerns.

Kiran Mazumdar gets 'Jamsetji Tata Award' for biosciences movement in India

The Jamsetji Tata Award, instituted in 2004 by ISQ recognises business leaders who have made significant contributions to Indian society

Senco Gold raises Rs 459 crore via QIP, allots 4.08 mn equity shares

The QIP committee of the company's board approved the issuance and allotment of equity shares of Rs 10 were issued at a price of Rs 1,125 per share, including a premium of Rs 1,115

IndiGo flight to Jeddah makes emergency landing in Pak, returns to Delhi

Sources in the Civil Aviation Authority (CAA) in Pakistan said the aircraft was in the Pakistani airspace when a male passenger fell seriously ill, following which the plane made an emergency landing

Worldwide Realty to invest Rs 320 cr on 22 acre housing project in Haryana

The Gurugram-based company is developing the Golden Residences project under the Deen Dayal Upadhyay Jan Awas Yojna (DDJAY) scheme of the Haryana government

IndiGo to send two planes to bring back stranded passengers from Istanbul

On Thursday, hundreds of IndiGo passengers were stuck at Istanbul airport after their flights to Delhi and Mumbai were delayed

Nibe Ordnance to tie up with Premier Explosives for ammunition production

The Proposed Joint Venture will be in the form of a Public Limited Company in which Company (NOML) will hold 51 per cent and PEL will hold 49 per cent

Mukesh Ambani names Ira Bindra as Group President for RIL human resources

Normally, its functional heads who make announcements on talent hiring at senior level and Bindra is the first in recent times whose appointment has been announced by Ambani

ED restitutes assets worth Rs 4,025 cr in Bhushan Steel bank 'fraud' case

These assets were earlier attached by the federal probe agency under provisions of the Prevention of Money Laundering Act

Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

SBI seeks counter bids to sell Rs 52k cr of consortium's loans in JAL

NARCL's anchor bid has triggered a Swiss challenge auction

Tata airlines overall seat capacity soars 20%, but IndiGo way ahead

Despite that the group has a long way to go even to reach half of the domestic seat capacity of rival IndiGo

Zepto slightly cuts losses to Rs 1248.6 cr, revenue doubles in FY24

The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal

LIC reduces stake in NMDC by 2%, now stands at 5.6% through market sales

The insurer sold more than 5.91 crore shares or 2 per cent stake in NMDC through a series of market sales over a period spanning from September 2023 to December 2024, LIC said in a regulatory filing

Ultraviolette plans new models, global expansion to boost retail footprint

So far, the company has deployed 1,000 vehicles on the road and aims to hit a monthly sales target of 1,000 units within the next 6 to 8 months

SC denies special treatment to CCI, refuses to transfer all probe petitions

"Only because some litigant is to be given special treatment, bypass the rules, we can't place it directly before the division bench," the Supreme Court said