Page 634 - Company News

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

Airtel expands network capacity with Blue-Raman submarine cable: What is it

Airtel Business and Italy-based Sparkle have partnered to increase data capacity on the Blue-Raman undersea cable linking India and Italy. Blue-Raman is an intercontinental communications cable system

PM E-DRIVE scheme to aid faster adoption of EVs in India: M&M, Tata Motors

Earlier, the Union Cabinet approved two major schemes with a total outlay of Rs 14,335 crore to promote the use of electric vehicles, including buses, ambulances and trucks

Airtel Business inks pact with Sparkle to enhance connectivity with Europe

As part of the partnership, Airtel will take capacity from Sparkle on the Blue-Raman Submarine Cable Systems, which will connect India to Italy

NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai

NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025

Hiranandani to invest Rs 3,200 cr to redevelop 5 Mumbai housing societies

Realty firm House of Hiranandani will invest Rs 3,200 crore to redevelop five housing societies in Mumbai.

EaseMyTrip launches ScanMyTrip, a first-of-its-kind travel platform on ONDC

ScanMyTrip.com will serve as a platform where online travel agencies, MSMEs, travel agents, and homestays can list services such as flights, hotels, and accommodations on the ONDC Network

Centricity's valuation reaches $125 mn in funding round led by Lightspeed

Centricity plans to utilise the fresh capital to expand its operations. The company intends to double its tech development team from 75 to over 150 specialists

Vedanta plans to expand nickel sulphate production, to tap overseas demand

Unlike Japan and South Korea, India's electric vehicle market is still in its nascent stage

SC to consider SpiceJet's plea against Delhi HC order grounding 3 engines

SpiceJet had challenged the August 14 order of the single-judge bench

Maruti Suzuki targets to sell 600K CNG vehicles this fiscal: Official

The country's largest carmaker company on Wednesday expanded its CNG model range as it rolled out its premium hatchback Swift with S-CNG trims

Tamil Nadu labour minister to meet Samsung officials to resolve strike

Appliances such as televisions, refrigerators and washing machines are made at the plant, which contributes 20% to 30% of Samsung's annual revenue of $12 billion in India

Kalpataru Projects International bags orders worth Rs 2,774 crore

Kalpataru Projects International on Thursday said the company and its arms secured orders worth Rs 2,774 crore.

Paytm to reapply for RBI's payment aggregator licence post govt approval

The announcement comes shortly after PPSL, a subsidiary of Paytm, secured approval from the Ministry of Finance to invest further in its payment services business

IIT Madras, Ford partner on road safety for young drivers post MoRTH study

MoRTH report on Road Accidents in India 2022 revealed that 42,878 out of 168,491 fatal road accident victims were under 25 years of age

Durex makes India condom push for women, rural consumers with lubes, ads

The Durex lubricants in India will use improved formulations to appeal to women and have been created after performing clinical studies to address concerns females face

Axis MF front-running case: ED conducts searches in Mumbai, Kolkata

Front-running involves using confidential information on institutional trades to make investment decisions, potentially impacting stock prices