Page 702 - Company News

Awaiting policy on hybrids, green tech: Maruti Chairman R C Bhargava

Japanese giants like Maruti Suzuki and Toyota are pushing for tax cuts on hybrids, arguing that electric vehicles (EVs) alone can't carry the emissions reduction load

Cheap Chinese imports hurting domestic market: Tata Steel's T V Narendran

Tata Steel MD and CEO warned that low-priced Chinese steel may impact Indian cos capex plans

Bharat Coking Coal pays first-ever Rs 44 crore dividend to Coal India

This milestone follows BCCL's achievement of clearing its accumulated losses and reporting a net profit of Rs 1,564 crore for the financial year 2023-24

Amara Raja Energy Q1 FY25 results: Net profit up 26% at Rs 249 crore

It had reported a net profit of Rs 198.31 crore for April-June period of 2023-24, the company said in an exchange filing on Saturday

ShareChat raises Rs 134 crore from Singapore-based EDBI; lays off 5% staff

In April this year, ShareChat raised $ 49 million via convertible debentures in the funding round led by existing investors

The House of Abhinandan Lodha to invest Rs 1,800 crore, says chairman

Lodha said the company's journey has been "quite tremendous" over the past three years with launch of around 650 acres of housing plots and delivery of 150 acres

Emami's 45% top-line comes from acquired brands, non-rural revenue increase

Emami is also enhancing the size of addressable markets by expanding channels. It is focused on distribution through new-age channels

River Mobility plans to scale up ops; aims to open 100 stores by March

The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025

Rise in construction activities to propel cement demand by 7-8%: UltraTech

This demand surge will translate into an increase in capacity utilisation of the industry to 72 per cent in FY25

Tata Electronics Assam chip plant to be operational in 2025: Chandrasekaran

Union Minister for Electronics and IT Ashwini Vaishnaw, expressing optimism about the project, said that the construction of the Assam plant will boost the overall ecosystem in the region

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case

Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities

Adani to invest Rs 5,500 cr in cement unit, Bihar CM lays foundation stone

The project is considered the largest investment in the state by a cement industry player, the Bihar CMO said that it will add to the growing infrastructure needs of the sate

Tata's Assam plant to make 48.3 mn chips per day with native tech: Vaishnaw

The minister said that the chips manufactured at the Tata plant will be used in vehicles including electric vehicles, and practically every large company will be using their chips

Big Tech's AI promises become a 'show me' story for investors: Report

Results from Microsoft Corp., Meta Platforms Inc., Amazon.com Inc. and Apple Inc. this week signaled that biggest companies in world are still heavily investing in artificial intelligence

Tata's Rs 27,000 cr chip plant in Assam operational by 2025: Chandrasekaran

At its capacity it will employ 27,000 people, 15,000 direct jobs and additional 12,000 indirect jobs, Tata Sons Chairman N Chandrasekaran said on Saturday

Coal India arm NCL contributed Rs 15,000 cr to govt exchequer in FY24: CMD

Northern Coalfields Ltd (NCL) CMD B Sairam also reaffirmed the company's commitment towards fulfilling the energy security of the nation

Assam CM lauds PM, Tata Sons for Rs 27,000 cr semiconductor plant

The chief minister assured the Chairman of Tata Sons Limited N Chandrasekaran that the company will face no difficulty in setting up this industry and the people of Assam will always be grateful

Adani's Ambuja Cement to invest Rs 1,600 cr to build grinding unit in Bihar

The Adani group firm said it will execute its cement grinding unit project in phases, with the first phase being commissioned by December next year

BSNL subscribers on rise, homegrown 4G network ready: Jyotiraditya Scindia

We will install 80,000 towers by the end of October and the remaining 21,000 by March next year, which means one lakh towers of 4G network will be installed by March 2025, he added

Adani Power emerges top bidder for stressed KSK Mahanadi proj at Rs 27K-cr

KSK Mahanadi is currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT). Coal India, NTPC, Vedanta, JSW Energy were among the other bidders