Page 633 - Company News

Puravankara to redevelop housing society in South Mumbai's Breach Candy

The company has expanded its footprint in Lokhandwala, Andheri West, where it previously acquired redevelopment rights for two societies on 3 acres of land in November 2023

Indian Oil to provide scholarships, medical insurance to para athletes

This historic performance is a testament to the resilience and determination of our para athletes, V Satish Kumar, Chairman and Director (Marketing), IndianOil, said during a felicitation function

Coastal Energen insolvency: SC allows Dickey-Adani to operate plant for now

The NCLAT, in its September 6 order, had halted the Rs 3,335 crore resolution plan put forth by the consortium, which is the successful bidder for the bankrupt firm

Boeing workers vote on whether to strike, shut down aircraft production

If the factory workers reject the contract offer that includes 25 per cent pay raises over four years and two-thirds of them vote to strike, a work stoppage would begin on Friday

Peak XV Partners, 4 others sell stake worth Rs 1,601 cr in Honasa Consumer

After the share sale, Peak XV Partners' stakeholding in Honasa Consumer has come down to 14.88 per cent from 18.69 per cent

Airtel signs pact with Italian telco to expand capacity in submarine cable

The Blue-Raman submarine cable system will connect India to Europe

Amazon India creates over 100K seasonal jobs ahead of festive season

Amazon has hired thousands of women and nearly 1,900 individuals with disabilities into its existing network. The majority of these new hires have already been onboarded

Bahrain secures $16.65 million in investments from three Indian companies

Announcements were made during Bahrain EDB's ongoing week-long visit to Mumbai, Bengaluru, and Chennai, designed to strengthen bilateral economic ties and attract foreign direct investment to Bahrain

Samsung Electronics workers to continue strike after talks end without deal

Appliances including televisions, refrigerators and washing machines are made at the plant, which contributes 20 per cent to 30 per cent of Samsung Electronics' annual revenue of $12 billion in India

315Work Avenue expands in Pune, touches 100K sq ft office space at ITPP

315Work Avenue manages a portfolio of approximately 2.5 million square feet, offering around 50,000 seats across prime locations in Bengaluru, Chennai, Mumbai, and Pune

LIC increases stake in railway sector 'miniratna' PSU IRCTC to 9.3%

In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases

Sumadhura Group leases warehousing space to Nippon Express in Bengaluru

Sumadhura has signed a 9-year lease agreement to provide ready-to-move-in warehouse space at its logistics park to global logistics player NX Logistics India

Govt notifies NaBFID as a public financial institution under Companies Act

The move will enhance the bank's capacity to finance large-scale infrastructure projects, thereby bolstering the country's infrastructure development

IHCL strengthens presence in Tamil Nadu, adds two more hotels in Chennai

The 100-key Vivanta MWC will offer elegantly designed rooms and suites, an all-day diner and a specialty restaurant featuring a bar

SpiceJet moves SC against order grounding its three leased engines

The division bench of the Delhi High Court had rejected cash-strapped airline SpiceJet's plea, saying it did not wish to interfere with single-judge order of same court and asked parties to settle

Samsung to lay off over 200 employees in India across various divisions

An industry source said the layoffs are part of a global restructuring exercise and not necessarily related to performance of any particular segment or market

Eastman Auto & Power plans to achieve turnover of Rs 10,000 cr by FY26

This goal shall be driven by strategic investments in new power electronics manufacturing plants for solar inverters, technology partnerships and participation in multiple advanced chemistries

NPCI reports Rs 1,134.31 crore surplus in FY24, up 37% on payment services

NPCI, which operates UPI platform, earned Rs 2,693.42 crore in FY24, up 36 per cent from Rs 1,971.69 crore

NBCC, MTNL sign pact for Rs 1,600 cr worth housing-cum-commercial project

In a statement NBCC said that it has signed an MoU with MTNL to collaborate and "develop a prominent land parcel of MTNL measuring approximately 13.88 acres located on Pankha Road, New Delhi"

Tata Power arm to set up 200 fast charging stations for commercial EVs

The strategic move expands their ongoing collaboration, in providing sustainable mobility solutions, with a focus on easy charging solutions for small electric commercial vehicles