Page 882 - Company News

Electric two-wheeler companies to bear the brunt of paused FAME sops

Companies likely to lose Rs 20k per vehicle if they are not registered on time and subsidy not granted

Gensol Engineering appoints Kapil Nirmal as CEO of West Asia business

Gensol has a distinguished track record of over 600 MW in diverse solar projects, including rooftop, ground-mounted, and floating installations across India

IndiGo aims to double in size by 2030 with new routes: CEO Pieter Elbers

For the next financial year starting April 2024, the IndiGo chief said the capacity guidance in terms of seat capacity is "early double digits" and one plane is coming in every week

Big plans ahead: Cipla looks for shot in the arm in niche areas

Open to licensing, collaboration in anti-diabetes space

Bank of India to raise Rs 10,000 cr through long-term infrastructure bonds

Recently, many banks including SBI have issued infrastructure bonds to secure funds that are solely dedicated to advancing various infrastructure development projects

P&G Hygiene and Health Care agrees to pay Rs 36 crore to tax authorities

However, there will be a reduction in contingent liabilities of approximately Rs 87 crore, subject to withdrawal of relevant tax litigations by the respective parties

Varun Beverages completes acquisition of South African bottler BevCo

'The acquisition will enable VBL to expand its geographical footprint in Africa,' VBL had said in a regulatory disclosure earlier

UltraTech to buy 26% stake in O2 Renewable for green energy needs

The cement maker company has entered into an energy supply agreement and share subscription and shareholders agreement with O2 Renewable Energy

Food company Annapurna acquires 'Arati' edible oil brand for Rs 28 cr

The acquisition would help the company foray into the edible oil segment and strengthen its FMCG portfolio

Alteria Capital announces final close of oversubscribed third fund

Its Venture Debt Scheme has been significantly oversubscribed with a final close at Rs 1,550 crore

Top 20% of Urban Company partners earn 50% more than entry-level IT jobs

According to the latest NCAER report published in August 2023, gig workers on food delivery platforms earn an average of Rs 13,581 monthly net of all costs, after an active long-shift

Zydus Lifesciences gets 4 observations from USFDA for Gujarat plant

The US Food and Drug Administration (USFDA) conducted the cGMP (Current Good Manufacturing Practice) inspection at the facility from March 18-27, 2024, the company said in a regulatory filing

Maruti Suzuki's mcap breaches Rs 4 trillion mark in intra-day trade

Shares of the company climbed 2.40 per cent to settle at Rs 12,550 apiece on the BSE. During the day, it jumped 3.82 per cent to reach a record high of Rs 12,724.95

Infosys to provide AI tools to German media firm for storytelling, reports

Founded in 1946, the Handelsblatt Media Group, which is based in Dusseldorf, has a reach of more than two million readers, according to the statement

Maruti Suzuki announces senior management rejig; promotes several employees

Tarun Aggarwal has been named as Head of Engineering with effect from April 1, 2024. He replaces CV Raman who also stands transferred to Member Executive Committee

Magicrete completes process of acquisition of majority stake in Maxlite

The company did not disclose the actual stake that it has acquired and also the deal value

Reliance Industries shares jump 4%, mcap again reaches Rs 20 trn mark

The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the BSE. During the day, it zoomed 4 per cent to Rs 2,999.90

Renault Nissan JV to launch four new products, expand product portfolio

Renault Nissan Alliance Chairperson Jean-Dominique Senard said India is at the heart of the alliance and every part of car manufacturing happens at the India plant

Schneider Electric Infra seeks nod to raise borrowing limit to Rs 900 cr

Firm has proposed to enhance the borrowing limits, in excess of the aggregate of its paid-up share capital, free reserves and securities premium as per the latest annual audited financial statement

REC board approves overall borrowing of Rs 1.6 trillion for 2024-25

The Board has approved the amendment in 'Policy on Criteria for determining Materiality of Events or Information for disclosure to Stock Exchanges'