Page 564 - Company News

Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone

The plant has the capacity to produce engines ranging from 800cc to 1500cc

Increased pace of capex will help achieve targeted growth: Adani Cement CEO

The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28

Lodha Group to transfer 18% stake in Macrotech Developers for philanthropy

Lodha Philanthropy Foundation (LPF) will have an initial corpus of Rs 20,000 cror

RBL Bank, Mahindra Finance get RBI nod to launch co-branded credit cards

The announcement comes amid heightened concerns about the credit card portfolios, and also regulatory attempts to disincentivise growth in such riskier assets

Star Health Insurance absolves security chief in data leak incident

In August, Star Health faced a data leak, where stolen customer data including medical reports, were publicly accessible via chatbots on messaging app Telegram and through websites

ArcelorMittal SA rejects 19 bn rand buyout offer of Networth Investments

Networth had planned to transform the country's struggling steel industry with green technology and more profitable stainless-steel production based on models in India

HDFC Bank advises customers to stay vigilant against digital arrests

The country's largest private sector bank has shared tips on how its customers can protect themselves from the emerging online fraud

Lodhas to transfer stake worth Rs 20k cr in Macrotech to philanthropic firm

Macrotech Developers Ltd (MDL) is one of the leading real estate developers in the country, selling properties under the Lodha brand

DTDC Express announces enhanced benefits, reward programme for staff

It has introduced a range of reward programmes to recognise the dedication of its staff during Diwali. These initiatives include an annual bonus and a performance-driven delivery incentive programme

Engineering services company Cyient acquires 27.3% stake in Azimuth AI

The acquisition is part of the company's strategic expansion of its semiconductor business. In July last year, the company announced the establishment of a fully owned subsidiary

Amazon signs initial pact with HPCL for adoption of low carbon fuels

Under the collaboration, HPCL and Amazon will conduct a pilot to test fuels in the latter's long-haul transport vehicles and explore the possibilities of fuelling hubs

Sacheerome targets 30-40% annual growth in West Asian fragrance market

"India's rich resources and lower operational costs give us a strong competitive edge," MD said

Air India gets DGCA nod to perform in-house changes to aircraft interiors

The full-service carrier has a collaboration with Tata Technologies to enhance aircraft interiors in its fleet

Russia oil intake share declines to 34% in September quarter, says BPCL

BPCL mainly processes Russian oil at its 156,000-bpd Bina refinery in central India and the 310,000-bpd Kochi refinery in southern Kerala state

CCPA questions Ola Electric's 99% resolution rate for 10,000 complaints

Ola Electric came under scrutiny by the Department of Consumer Affairs after customers complained about its EV after-sales service

Co-working provides nearly 23K desks to GCCs during Jan-Sep: Knight Frank

Occupied flex seats across major markets reflect a growing trend towards flexible and hybrid working models, underscoring a shift in how businesses operate in a rapidly evolving economic landscape

E-commerce firm Udaan raises about Rs 300 crore in debt funding round

The latest debt funding will strengthen Udaan's balance sheet, offering flexibility to invest and maintain its leadership

Arvind Retailers Q2FY25 results: Pre-tax profit rises 19% to Rs 135 crore

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9 per cent

Quick commerce race tightens as Tata set to enter market with Neu Flash

For grocery deliveries, Neu Flash will utilise BigBasket while Croma will provide electronics and mobile phones, and Tata Cliq will manage fashion and lifestyle products

Ambuja Cements rivals UltraTech in limestone reserves via acquisitions

Gap in the two competitors' reserves is narrower than that in manufacturing capacities