Page 866 - Company News

Retailers threaten to stop sale of OnePlus from May over unaddressed issues

Organised Retailers Association painfully wishes to inform our collective decision to halt the retail of OnePlus products in our establishments from 1st May, 2024, the body said

Looking forward to meeting with PM Modi: Elon Musk confirms India visit

Musk and Modi last met in New York in June, and Tesla for months lobbied India to lower import taxes on electric vehicles while it weighed up a factory there

Bank of Baroda hikes lending rates by 5 basis points across three tenures

The one-year MCLR has risen to 8.85%, while the six-month and three-month MCLR rates have been increased to 8.65% and 8.45%, respectively

DMRC not required to pay Rs 8,000 crore to Reliance Infra arm, says SC

The court clarified that the amounts deposited by the DMRC shall be refunded

ReNew constructs 1.94 GW of renewable energy assets, hits 10 GW in capacity

This is one of the highest-ever capacity additions of wind energy among all companies in India in a single year, it stated

Digital infra solutions company iBUS raises $200 mn from govt's NIIF

Firm says it will use the funding to strengthen its market position and expand in new sectors

Summer airfares on major domestic routes increase by 13%, shows data

However, the data also shows that summer airfares on key routes such as Delhi-Leh and Delhi-Kolkata have significantly decreased due to the introduction of new flights

Iron ore price recovery, steady demand positive for state owned NMDC

NMDC planned capex of Rs 1,750-1,800 crore for FY24 and Rs 2,000-2,100 crore for FY25

Rs 6,800 cr disbursed to beneficiaries of PLI scheme in FY24: DPIIT Secy

Singh says that PLI schemes on textiles, bulk drugs, food products and solar PV modules are likely to be tweaked

BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study

Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday

Intel's on a mission to bring AI everywhere, says CEO Pat Gelsinger

Intel's latest Gaudi 3 processors are expected to improve AI compute performance by four times, compared to its predecessor

Legal fairness prevails: Calcutta HC restrains HUL's 'Glow & Handsome' mark

Emami and HUL have been embroiled in a legal battle over the use of the 'Glow & Handsome' mark for four years

MaxPetZ to use 3D printing for reconstructive surgeries in veterinary field

Speaking on the subject, Leena Dalal, senior veterinary surgeon and oncologist MaxPetZ said that this would be the first time in India that 3D Printing is being used to treat animals

SC rejects 'unconditional and unqualified apology' by Patanjali Ayurved MD

The apex court says it does not want to be "so generous"

IndiGo pips Southwest to become world's 3rd most valuable airline by mcap

IndiGo's share price jumped by 4.73 per cent to Rs 3,806 on Wednesday, thereby elevating its market capitalisation to $17.605 billion

Tesla & Reliance may join hands for EV manufacturing plant in India: Report

Tesla has earmarked $2 billion for its forthcoming endeavours in India and has been scouting various locations, including Gujarat and Maharashtra, as potential sites for the plant

Zoho announces manufacturing power tools under its new venture 'Karuvi'

Zoho is the parent company of well-known technology brands, including ManageEngine, Zoho.com, TrainerCentral, and Qntrl

Swiggy deliveres 6 million plates of Biryani this Ramzan, up by 15%

Cities such as Mumbai, Hyderabad, Kolkata, Lucknow, Bhopal, and Meerut saw a drastic increase in orders placed for Iftar sweet dishes, including Malpua, Dates, and Phirni during Ramzan

India benefiting from growing interest from multinationals, says UN

The report noted that prospects in most developing countries are also weak due to softer external demand, volatile commodity prices, high borrowing costs and fiscal consolidation pressures

No action against Subhash Chandra on summons till April 30: Sebi to HC

The court had earlier given Sebi two weeks to file its reply. The bench led by Justice G.S. Kulkarni and Justice Firdosh Pooniwala on Wednesday directed Chandra to file a rejoinder in the matter