Page 615 - Company News

NMDC's best results as iron ore output up 10% in FY24; sales rise 16%: CMD

The performance translated into a strong financial performance earning a revenue of Rs 21,294 crore in FY24, a 21 per cent increase from the revenue generated in FY23

L&T wins Rs 10K-15K cr power transmission, distribution orders in West Asia

As of June, L&T had an outstanding order book of Rs 4.90 trillion, of which 35 per cent was from West Asia

Fire incident at Tata Power's Trombay plant; no injuries, damage reported

The company said it is in the process of assessing the actual damage caused by the fire, but no injuries have occurred

M2P Fintech raises Rs 850 crore in series D, valuation at Rs 6,550 crore

The capital raised in the latest funding round will be utilised to strengthen its operations in India and grow its international footprint, particularly in Africa, the company said

NPCI eyes Africa, South America for digital payment push via UPI: CEO

Earlier this year, the NIPL signed deals with the central banks of Peru and Namibia to help them build real-time payment systems similar to UPI

EY India employee death: Probe finds firm lacking labour welfare permit

The law caps the maximum working hours for adults at nine hours each day and 48 hours each week

Zepto partners with US Polo Assn for 10-minute premium fashion delivery

US Polo Assn's collection is now live on Zepto, featuring a curated selection of classic polos and casualwear, allowing users to enjoy iconic fashion delivered within minutes

SBI has Rs 4 trn credit pipeline, pvt capex to pick up: Chairman C S Setty

On monetisation of SBI's stake in some of its subsidiaries, Setty said, there was no thinking in terms of divestment of stake of any of the subsidiaries presently

'JSW group not withdrawing Rs 40,000 crore EV project from Odisha'

Asked about media reports, Ranjan Nayak, executive vice president of corporate strategy, office of chairman and managing director said, 'We are not withdrawing the EV and battery project from Odisha'

OYO estimates Ebidta to cross Rs 2,000 cr in FY26 with Motel 6 acquisition

Motel 6 operates 1,500 franchised hotels across the US and Canada and extended stay properties called Studio 6

India at cusp of digital renaissance, responsible AI key: IBM India MD

AI, according to Patel, is not just a buzzword but a crucial growth accelerator for India

RPower seeks shareholders' nod to raise Rs 1,525 cr via preferential issue

The e-voting period that commenced earlier on Tuesday, will end on Wednesday, October 23, 2024

JSW group moves Rs 40,000 crore EV initiative to Maharashtra from Odisha

The JSW Group is relocating its Rs 40,000 crore EV and battery project from Odisha to Maharashtra, seven months after finalising an agreement with the state government

Samsung strike risks India's global manufacturing ambition, warns GTRI

The GTRI cautioned that if the Tamil Nadu government does not act swiftly, the current situation could mirror the closure of Nokia's Sriperumbudur plant a decade ago

SpiceJet resolves $16.7 mn dispute with Engine Lease Finance Corporation

Representatives from both SpiceJet and ELFC are set to formalise the agreement, effectively ending all legal proceedings between the two

Strong content pipeline, asset light model to drive gains for PVR Inox

Most brokerages believe that the content pipeline in the December quarter will help the company surpass the performance in Q2FY24

SpiceJet raises Rs 3,000 cr through QIP, to receive additional Rs 736 cr

With the latest capital infusion, SpiceJet plans to strengthen its operations, expand its fleet, and extend its network to meet growing passenger demand in the country

Vodafone Idea begins fresh talks with govt on AGR dues: CEO Akshaya Moondra

Bank funding to conclude in 7-8 weeks, says Vi CEO

Xiaomi asks Centre to recall antitrust report on Walmart's Flipkart

Any recall of the Competition Commission of India (CCI) report could delay its antitrust investigation, which began in 2021

Foxconn, Stellantis JV set up R&D for auto semiconductors tech in India

Foxconn is in process of setting up its electric vehicle manufacturing plant as well as has plans to set up a battery manufacturing unit for electric vehicles