Page 875 - Company News

Indian Oil Corp set to tap spot oil market as Russian term deal lapses

State-run IOC's term contract with Rosneft expired on March 31, two sources said

Infosys receives Rs 341 crore tax demand for assessment year 2020-21

"The company is in the process of evaluating the implications of this order on the financial statements for the quarter and year ending March 31, 2024," Infosys said

Byju's delays salaries for 2nd month in a row amid rights issue dispute

Cash-strapped Byju's and its investors are involved in a dispute at the National Company Law Tribunal (NCLT) over the company's $200 million rights issue

Setting the pace: Ola Electric sees momentum continuing after record March

Ola's CMO, Anshul Khandelwal, also pointed out that there have been fundamental changes in the buying patterns of customers - for instance, more women are now buying electric vehicles than earlier

'Crew unavailability': Vistara cancels 50 flights, several others delayed

The airline has deployed larger aircraft like the B787-9 Dreamliner and A321neo on select routes to merge flights or accommodate more passengers

India is our top priority market this year: President, Asia Pacific, Hilton

'It feels a little bit like China did 10 years ago and we expect this momentum to continue this year as well'

ABFRL to demerge Madura Fashion & Lifestyle into separate listed entity

The aforesaid proposal will be subject to all statutory approvals from ABFRL board of directors, shareholders, creditors, regulators, along with other customary approvals

NCLAT scraps homebuyers' plea for insolvency against Ansal Hi-tech Township

The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea seeking insolvency proceedings against Ansal Hi-tech Township Ltd filed by its homebuyers of a project in Greater Noida.

Wardwizard Foods & Beverages to enters US mkt as it gets USFDA registration

The Vadodara, Gujarat-based company will commence exporting to US market in the first quarter of this fiscal, according to a statement from the company

Gautam Adani's APSEZ cargo grows 24% at 420 million tonnes in FY24

At the start of FY24, the company's guidance for cargo volumes for the fiscal year was 370-390 mmt. 408 mmt of the company's cargo volumes came from its domestic ports

India Inc's credit quality remains healthy in H2FY24: Rating agencies

While commodity prices have softened, revenue of upgraded companies in the CRISIL rating pool grew by about 13 per cent in fiscal 2024 largely led by a pick-up in volume

Veteran dealmaker Atul Mehra joins Axis Capital as managing director & CEO

Atul Mehra is a veteran dealmaker with over three decades of experience and was the joint MD at JM Financial

New private project announcements zoom ahead of Lok Sabha elections

Manufacturing sector accounted for nearly 60 per cent of new project value

Hindustan Aeronautics reports highest ever revenue of Rs 29,810 cr in FY24

The company reported that HAL had received fresh manufacturing contracts of Rs 19,000 crore, and repair and overhaul (ROH) contracts of over Rs 16,000 crores during FY24

Corporate downgrade-to-upgrade ratio inches higher in FY24: Report

"The pace of upgrades moderated while at the same time downgrades increased, both of them marginally by about one percentage point," its head of credit policy group Arvind Rao said

Should companies keep the public informed about the health of their CEO?

When and how much should CEOs disclose health-related challenges? Do key management personnel have the right to privacy? These questions often crop up

Fincare SFB merges with AU SFB; consolidation enhances distribution network

The merger is also expected to provide AU SFB with enhanced access to South India, significantly expanding its distribution network, the Jaipur-based lender said in a statement

IRB Infrastructure Trust SPVs pays Rs 6,111 cr to Nhai for TOT projects

The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 - Rs 4,428 crore, TOT 13 - Rs 1,683 crore)

ABFRL aims to demerge Madura Fashion business into separate listed entity

Move aimed to create two growth engines with distinct value creation trajectories and a well articulated capital allocation strategy

PNB Housing Finance stock rises 19.11% on the first trading day of FY25

ICRA said the rating action factors in the sustained improvement in the company's credit profile, driven by improved asset quality metrics and the strengthened capitalisation profile