Page 883 - Company News

Moderna secures $750 mn from Blackstone Life Sciences to develop flu shots

Blackstone Life Sciences will get commercial milestone payments and low-single digit royalties as part of the agreement, the COVID-19 vaccine maker said

Tata Motors unit, HPCL partner to install 5,000 EV charging stations

The companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free

DLF plans to raise Rs 600 crore through issue of debentures to investors

DLF, the country's largest real estate developer in terms of market capitalisation, did not mention where the amount would be utilised

Pallavi Shroff refuses second term as Asian Paints' Independent Director

She has also confirmed that there are no other material reasons for her non-continuation, according to a recent regulatory filing by the leading paints maker

69% Indian shoppers prefer deliveries with minimal packaging: Amazon study

Globally since 2015, Amazon has reduced the weight of outbound packaging per shipment by 41 per cent on average and eliminated over 2 million tons of packaging material

Nissan will invest in Renault EV unit even though IPO scrapped: CEO

"Therefore, regardless of the IPO whatsoever, we are looking at Ampere. We are already discussing about Ampere, our investment."

Reliance Power's two subsidiaries settle debt worth Rs 1,023 crore

In December 2023, Kalai Power had sold the development rights of its proposed 1,200 Megawatt hydro-electric project in Arunachal Pradesh to THDC India Ltd for Rs 128 crore

Sterlite Power, GIC to partner for developing power transmission projects

Private power transmission developer Sterlite Power will own the majority 51 per cent stake and GIC will own the remaining 49 per cent shareholding, the statement said

Shoppers Stop bets on beauty, picks Kolkata for industry's 'largest store'

West Bengal's capital city is important to company's growth target, says senior executive

Adani Green Energy commissions 180MW solar plant at Devikot, Rajasthan

The plant is equipped with waterless robotic module cleaning systems, enabling water conservation in the barren region of Jaisalmer

Indiabulls Housing Finance accepts bids for dollar bonds, say bankers

Barclays, CLSA, Deutsche Bank, Elara Capital, Emirates NBD Capital, Nuvama and UBS are the joint book runners for the issue

South Korea's Hyundai Motor Group to invest $51 bn won over 3 years

Hyundai Motor Group includes flagship Hyundai Motor and its affiliate Kia, which together are the world's number three automaker by sales

LIC receives GST demand notice of Rs 39.39 lakh from Gujarat I-T officials

The company has received communication/demand order for interest and penalty from Additional Commissioner, Central Goods & Service Tax, Gandhinagar on January 3, 2024, LIC said in regulatory filing

BS 1000: Vaccine maker to logistics major, here're the top unlisted firms

Besides MNCs, the top 30 list also includes two public-sector companies: Orissa Mining Corporation and HLL Life Care

Avanse raises Rs 1,000 cr from investors led by Mubadala Investment Company

The company has also provided growth and working capital to Indian educational institutions. As of December 2023, the company's assets under management (AUM) stands at Rs 12,147 crore

Tendulkar-backed RRP Electronics to invest Rs 5,000 cr in chip facility

Contributions from Tendulkar in the overall investment or details of other shareholders were not disclosed by the company

SpiceJet settles Rs 755 crore liabilities with aircraft lessor EDC

This will allow airline to own 13 of the 15 Bombardier Q400 aircraft financed by the Canadian agency

Bank of Baroda wins co-branding rights for three Delhi Metro stations

The Delhi Metro is India's largest and busiest metro rail system with daily ridership of more than 60 lakh, it claimed

Adani Ports acquires 95% stake in Gopalpur Port in Rs 3,350 cr deal

Gopalpur Port handles primarily dry bulk cargo, including iron ore, coal, limestone, ilmenite, and alumina

NTPC signs aggrement with Japan's JBIC for Rs 1,650 crore funding

The agreements have been signed for a JPY 15 billion loan each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL), it added