Page 559 - Company News

Zomato's 'Food Rescue' feature offers cancelled orders at discounted rate

To curb food wastage, Zomato's 'Food Rescue' initiative allows cancelled orders to appear on the app for customers located within 3 km of the delivery partner holding the order

Govt panel pulls up BSNL, DoT for slow pace of asset monetisation

Telecom among worst-performing departments in terms of monetisation

Ashok Leyland targets Ebitda break-even for Switch Mobility in FY25

Switch Mobility has order book of over 2,000 vehicles, including an order for 500 electric buses from MTC Chennai

Aster DM Healthcare-Quality Care India merger talks enter final lap

US-based private equity major Blackstone may hold a majority stake in merged entity

Vedanta keeps cost guidance unchanged, pushes capital expenditure pedal

Anil Agarwal, in a shareholder message, highlights doubling of capacities across its key businesses

Flender India planning to invest further in Indian market: Official

Over the past four years, Flender's investments in India have nearly "quadrupled," underscoring the market's significance, according to a release

Aditya Birla Group eyes more US investments, cites strong Trump-India ties

Aditya Birla Group is a strong player in the metals and chemicals sector in the US through its businesses -- Novelis and Aditya Birla Chemicals

Punjab & Sind Bank seeks bids to sell Rs 403 cr bad loans in 9 accounts

Out of the nine accounts put up for sale by the lender, two accounts - Diksha Greens and Star Bazar Group - have been classified as "fraud" accounts, and only ARCs can bid for these accounts

REC eyes another Rs 5,000 crore fundraise through zero-coupon bonds

IRFC looking to raise Rs 3,000 crore through bonds today

Vistara merger: Air India pilots unhappy over differing retirement age

At Air India, which was owned by the government since the 1950s and came into the Tata fold in 2022, the retirement age for pilots and other staff is 58 years, whereas at Vistara it is 60 years

Vedanta Resources debt reduced by $4.7 bn in 2 years, says Anil Agarwal

Additionally, Vedanta remains committed to becoming a greener and more sustainable company by producing more and more of its major metals through renewable energy sources

Mining tax by states: Tata Steel to file curative petition in Supreme Court

On July 25, a nine-judge Constitution Bench of the Supreme Court ruled that states have the power to levy cess on mining and mineral-use activities. Tata Steel's petition seeks a remedy to this order

SIA to invest additional Rs 3,195 cr in Air India after Vistara merger

Merger, announced on November 29, 2022, and set to be completed on November 11, 2024, will result in Singapore Airlines having a 25.1 per cent stake in the enlarged Air India

With Vistara merging, Air India is now the only full-service Indian carrier

In the case of low-cost carriers route-specific profitability, ancillary revenues and mostly single type of planes are among the key elements that help in ensuring cost-effective operations

GST applicable on AAI-Adani pact for Thiruvananthapuram airport: Kerala AAR

The AAR ruled that it does not constitute 'transfer of business' by the applicant to the concessionaire and the transaction cannot be treated as 'transfer as going concern'

Confident of achieving $31 bn chemical export target in FY25: CHEMEXCIL

The Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXCIL) is set by the commerce ministry to promote exports of these goods

Infinx sets up state-of-the-art centre in Madurai; aims to create 700 jobs

Infinx facility in Madurai is in addition to the similar delivery centres in Mumbai, Bengaluru and Hyderabad

Govt gets Rs 3,449 cr from Hindustan Zinc offer for sale, sells 1.6% stake

On the first day of the share sale offer on November 6, the institutional investors had placed bids for close to Rs 3,400 crore shares or about 1.58 per cent stake

India emerging as good opportunity market for Sony's gaming biz: India MD

Sony India last week filed its annual returns to report over 50.1 per cent growth from its 'other business' segment at Rs 1,363.54 crore, which houses its gaming and B2B business

Interarch Building Products plans to double turnover to Rs 2,500 cr by 2028

The company had in September announced the acquisition of 51,926 sq mt land in Gujarat, procured at an investment of Rs 7 crore