Page 566 - Company News

AICCA terms Air India's new room-sharing policy illegal, seeks intervention

The association is seeking these entitlements hotel accommodation and conditions of accommodation in line with the policy on accommodation for pilots

Tata Trusts to reform operations, reduces management roles and expenses

The decision comes after an internal audit and financial review by trustees, which revealed a notable increase in staffing expenses, reaching approximately Rs 180 crore, according to a report

This pharma company from Mumbai may be helping Putin get Nvidia AI chips

But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India's burgeoning role

Raymond Group chairman blasts Lamborghini for not responding to complaints

Singhania had noted that the Lamborghini India and Asia leadership failed to reach out to him despite him being an old loyal customer

JSW Energy outbids Adani Power for KSK Mahanadi with Rs 15,985 crore offer

JSW Energy leads KSK Mahanadi auction with a Rs 15,985 crore bid, outbidding Adani Power by Rs 100 crore; the two-day auction saw intense bidding among six major players

NMDC Group achieves net profit of AED 2.2 bn in first 9 months of 2024

The strong performance for the nine-month period ending September 30 2024 was underpinned by a healthy project pipeline

LIC eyes entry into bond forward rate agreement market by end of FY25

The move comes as the interest rate cycle is set to soften, with insurers offering more guaranteed-return products

Adani Group's Rs 3,000 crore bet on ITD rides India's infra-capex wave

Group entity will acquire 46.64% in EPC firm, triggering an open offer

Vistara-Air India merger: How these two distinct brands will blend

Experts say the merged entity will draw on USPs of both firms

Urban Vault takes on lease 120,000 sq ft office space in Bengaluru's CBD

Established in 2018, Urban Vault has more than 20 lakh square feet of office space in its portfolio, comprising more than 30,000 desks

Fssai now more proactive, industry-centred with faster responses: Nestle

Industry observers opine that only after the Maggi crisis did the FSSAI come into the limelight across the country though it was established almost seven years ago, in September 2008

Piramal Pharma deploying $85 mn capex this fiscal: Nandini Piramal

The company last week reported over four-fold increase in consolidated net profit at Rs 23 crore for the second quarter ended September

Macrotech Developers to launch Rs 10,000 cr housing projects by March

Earlier this month, Macrotech Developers reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand

Hindustan Zinc to invest up to $2 bn to double production capacity: CEO

The company which had already engaged consultants to ramp up its capacity is looking for mining partners for the same, Misra told PTI

Widening base: Apple seeds growth through its supply chain in India

There are 15 Indian suppliers; further expansion on the cards

Rural India emerges as a goldmine for e-com companies during festive season

Despite logistical challenges, e-commerce firms are ramping up their infrastructure and technology to meet the diverse customer needs in small towns and hinterlands

MobiKwik cut IPO size due to higher FY24 revenue: Co-founder Upasana Taku

A priority for the company is scaling its payments beyond current levels by acquiring new customers, launching new products, and focusing on offline merchant acquisition

Signature Global awards Rs 1,203 cr Gurugram project to Capacit'e Infra

In a statement on Sunday, Signature Global said it has awarded the construction contract for its premium residential project 'Titanium SPR' at Sector 71, Gurugram

Swiggy cuts IPO valuation again, to $11.3 bn, BlackRock and CPPIB to invest

Swiggy does not want a bad IPO, a source said. Its last funding round, led by Invesco, valued it at $10.7 billion in 2022

Hyatt Hotels plans to reach 100 properties in India within 5-6 years

At present, Hyatt Hotels has 52 hotels in Southwest Asia (50 in India and two in Nepal) across nine distinct brands and already crossed the 10,000 keys milestone