Page 881 - Company News
Chennai refinery expansion cost goes up over Rs 3,600 crore, says IOC
In a stock exchange filing, IOC said its board at its meeting on Thursday 'accorded approval for the revision in cost of the project from Rs 29,361 crore to Rs 33,023 crore'
 "Chennai refinery expansion cost goes up over Rs 3,600 crore, says IOC")
CIL tops annual growth target, achieves 610.8 MT supply to power sector
CIL's coal supply to the sector rose by 29.3 million tonnes in absolute volume terms compared to the corresponding period last fiscal, official said
 "CIL tops annual growth target, achieves 610.8 MT supply to power sector")
IREDA Board approves proposal of Rs 24,200 crore borrowing for FY25
The borrowing includes fundraising through bonds, perpetual debt instruments (PDI), term loans, commercial papers, and external commercial borrowings (ECB), a regulatory filing said
 "IREDA Board approves proposal of Rs 24,200 crore borrowing for FY25")
Zetwerk bags order from Indian Oil to set up over 1,400 EV fast chargers
Indian Oil has floated a tender for 6,000 chargers, in which 40 EV suppliers across the country participated
 "Zetwerk bags order from Indian Oil to set up over 1,400 EV fast chargers")
Jio Fin's arm invests Rs 2.5 cr in Reliance International Leasing IFSC Ltd
Shares of Jio Financial Services were trading Rs 355.70, up 1.50 per cent from previous close on the BSE
 "Jio Fin's arm invests Rs 2.5 cr in Reliance International Leasing IFSC Ltd")
Only 4% of companies in India 'mature' to tackle cyber threats: Study
71% plan to upgrade their IT infrastructure in one to two years, says Cisco's 2024 Cybersecurity Readiness Index
 "Only 4% of companies in India 'mature' to tackle cyber threats: Study")
Adani group begins operations of its copper unit plant at Mundra, Gujarat
"Close to $1.2 billion will be invested in the first phase," the firm said in a statement
 "Adani group begins operations of its copper unit plant at Mundra, Gujarat")
Adani Power merges Rs 19,700 cr loans from 6 arms into long-term debt
The agreement is for the supply of 500 MW of electricity under the captive user policy as defined in the Electricity Rules, 2005, the filing said
 "Adani Power merges Rs 19,700 cr loans from 6 arms into long-term debt")
ICICI Securities delisting gets nod, setting up merger with ICICI Bank
Among public institutional investors, which own a total 16.68 per cent in the company, 83.8 per cent voted in favour of the delisting
 "ICICI Securities delisting gets nod, setting up merger with ICICI Bank")
Wipro-GE Healthcare to invest Rs 8K crore to 'Make in India for the World'
The products slated for export include positron emission tomography-computed tomography (PET-CT) used for cancer diagnosis, CT, and magnetic resonance imaging (MRI) coils
 "Wipro-GE Healthcare to invest Rs 8K crore to 'Make in India for the World'")
Robeco, Lombard Odier among buyers of new Adani Green Energy bonds
Adani Green and associated firms raised $409 million this month in the conglomerate's first debt sale since a damaging short-seller report last year
Amazon pours additional $2.75 bn into Anthropic, total investment at $4 bn
The two companies are collaborating to develop so-called foundation models, which underpin the generative AI systems that have captured global attention
 "Amazon pours additional $2.75 bn into Anthropic, total investment at $4 bn")
Renault, Nissan Motor to drive four new SUVs into India from 2025
Both companies to unveil a five-seater and a seven-seater SUV each
 "Renault, Nissan Motor to drive four new SUVs into India from 2025")
Dr Reddy's partners with Sanofi India to distribute vaccine brands in India
Under the terms of this agreement, Dr Reddy's will have exclusive rights to promote and distribute Sanofi's vaccine brands, including Hexaxim, Pentaxim, Tetraxim, Menactra, FluQuadri and Adacel
 "Dr Reddy's partners with Sanofi India to distribute vaccine brands in India")
Defence major Israel Aerospace Industries opens Indian subsidiary in Delhi
"This also shows the commitment to a strong partnership between IAI and DRDO in developing and supporting advanced systems for the Indian armed forces," the statement said
 "Defence major Israel Aerospace Industries opens Indian subsidiary in Delhi")
GOCL to monetise 264 acres of land parcel in Kukatpally for Rs 3,402 crore
"As the first tranche, the company will receive a payment of Rs 520 crores, of which Rs 160 crores will be the consideration for the sale of 12.50 acres," GOCL said
 "GOCL to monetise 264 acres of land parcel in Kukatpally for Rs 3,402 crore")
Bhel gets Rs 4,000 crore order for 1600 MW thermal project from Adani Power
The boiler and Turbine Generator are to be manufactured at BHEL's Trichy and Haridwar plants respectively
 "Bhel gets Rs 4,000 crore order for 1600 MW thermal project from Adani Power")
NHPC board approves proposal for raising Rs 6,100 cr funds through NCDs
Board of Directors has also given in-principle approval for closure of Loktak Downstream Hydroelectric Corporation Limited, subject to approval of DIPAM, Ministry of Power and Govt. of Manipur
 "NHPC board approves proposal for raising Rs 6,100 cr funds through NCDs")
Google Ireland gets tax relief on Rs 8.6K crore it got from India arm
The ruling by the Bangalore-based Income Tax Appellate Tribunal (ITAT) may have repercussions on similar transactions by multinationals, feel experts
 "Google Ireland gets tax relief on Rs 8.6K crore it got from India arm")
Maruti Suzuki India rejigs top deck, heads of several verticals changed
Partho Banerjee is the new head of marketing and sales; Ram Akella will head the service division
 "Maruti Suzuki India rejigs top deck, heads of several verticals changed")