Page 773 - Company News

Suzlon denies any financial irregularity as independent director quits

Desaedeleer resigned on Saturday and raised corporate governance issues within the company in his resignation on June 8

JSW Energy begins construction of battery storage project in Rajasthan

The company bagged the project from Solar Energy Corporation of India Limited (SECI) recently

Paytm cuts jobs as part of restructuring, facilitates outplacement support

Paytm's sales employee headcount in March 2024 quarter dropped by about 3,500 to 36,521 personnel on a quarter-on-quarter basis

FIR filed against IREO Group, Oberoi Realty MDs for fraud in Gurugram

The FIR was filed on the orders of the Chief Judicial Magistrate at the DLF phase 2 police station on Friday following complaint lodged by Advance India Projects Limited citing allegation of cheating

Hero MotoCorp's growth mileage: Rural recovery to power market share ride

To fuel its engine with a triple blend of rural focus, electric innovation, and a new product cycle

NCLT allows insolvency against Himalayan Mineral Water on J-K Bank's plea

The Allahabad bench of NCLT has appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm's Corporate Insolvency Resolution Process

United Breweries eyes strong growth in the premium beer segment

UBL offers a range of premium brands, including Kingfisher's premium variants Ultra, and Ultra Max. Two years ago, the company introduced Heineken Silver, a premium lager variant

Capital SFB aims to comply with conversion norms in 12-18 months

Capital SFB is not yet eligible to apply for a conversion to a universal bank because of net non-performing ratio

Air India utilising group airlines' engineering skills for maintenance work

The official also said the airline is keen to lease aircraft but the market is very tight, especially for wide-body planes

GX Group eyes 66% revenue growth to Rs 500 cr in 2 yrs, to double exports

GX Group CEO Paritosh Prajapati said that the company is looking to expand its manufacturing unit in India with an investment of Rs 100 crore in the current financial year

Lupin recalls 51k bottles of generic drug due to defective containers in US

The affected lot has been manufactured at Lupin's Mandideep-based plant and marketed in the US by Baltimore-based Lupin Pharmaceuticals

ONGC seeks foreign partners for Mumbai High oilfield, offers revenue share

ONGC on June 1 floated an international tender seeking global technical services providers (TSP) with annual revenue of at least $ 75 billion

CCI proposes amendments to general rules, seeks feedback from stakeholders

As part of the proposed changes, the competition watchdog has detailed a process for implementing and monitoring its orders under various sections of the Act

Mumbai's first Metro line completes 10 years, makes 1.1 million trips

The Mumbai Metro One, promoted by Reliance Infrastructure, was flagged off on June 8, 2014, marking the start of the Metro services in the city, which relied heavily on local trains

Maharashtra, Karnataka, Delhi top UK's investment flows from India: Report

''Indian companies with operations in the UK have integrated themselves into the British economy, making their mark in industries in almost all leading sectors,'' said CII Director General

Ola Cell Tech zeroes in on suppliers for batteries, to invest Rs 2,249 cr

As many as 15 suppliers have shown an interest in localising operations within the PLI timeline

TVS Motor recalls select units of iQube electric two-wheeler for inspection

The company will also carry out any rectification, if required, on affected scooters at zero cost to the customer, the firm said

USFDA issues Form 483 with four observations to Dr Reddy's API unit

"We have been issued a Form 483 with four observations, which we will address within the stipulated timeline," the drug firm said

Bajaj Auto's affordable Chetak 2901 charges up electric scooter market

Major players hold 80% of sub-Rs 1L e-scooter segment, against 50-60% a yr ago

WisdomNext to push generative AI play for Tata Consultancy Services

The company added that the platform approach allows organisations to rapidly adopt next-gen technologies at scale within regulatory frameworks and at lower costs