Page 911 - Company News
Saudi Arabia's Aramco hikes dividend 30% to $98 bn despite drop in profit
The profit, down from $161.1 billion in 2022, was still the company's second-highest on record, Aramco said on Sunday as it reported total dividends for the year of $97.8 billion, up 30%
 "Saudi Arabia's Aramco hikes dividend 30% to $98 bn despite drop in profit")
Adani's Rs 60,000 crore investment to expand 7 airports in 10 years
Capex separate from Rs 18K crore announced for Navi Mumbai Airport Phase-I
 "Adani's Rs 60,000 crore investment to expand 7 airports in 10 years")
NTPC, NGEL look to develop thermal plants, renewables project in Rajasthan
The MoU between NTPC and Rajasthan Rajya Vidyut Utpadan Nigam was signed to explore opportunities for adding supercritical units to the existing Chhabra Thermal Power Plant, a company statement said
 "NTPC, NGEL look to develop thermal plants, renewables project in Rajasthan")
SJVN Green signs long-term pact to supply 600 MW solar power to Rajasthan
The project is being developed at a cost of Rs 5,491 Crores and is expected to be commissioned by September 30, 2024
 "SJVN Green signs long-term pact to supply 600 MW solar power to Rajasthan")
New business to steer gains for Tata Consumer Products in growth aisle
Punchy valuations threaten to limit stock gains
 "New business to steer gains for Tata Consumer Products in growth aisle")
Byju's processes part of pending salaries, aims to pay balance soon
Edtech company will pay the balance once the issue's funds are available
 "Byju's processes part of pending salaries, aims to pay balance soon")
Stone Sapphire India to invest Rs 1,000 cr in homewares plant in Baroda
Rana further said this expansion will help the company increase its turnover to Rs 1,000 crore by 2025-26 from Rs 250 crore at present
 "Stone Sapphire India to invest Rs 1,000 cr in homewares plant in Baroda")
HC sends show-cause notice to Go First official over maintenance issues
The court is seized of several petitions by Go First's lessors seeking the deregistration of their planes by aviation regulator DGCA so they could take them back from the airline
 "HC sends show-cause notice to Go First official over maintenance issues")
Signature Global to invest over Rs 1,200 cr/year to boost housing projects
Recently, the company launched a new luxury housing project in Gurugram with an investment of Rs 2,200 crore. It has already sold the entire project, comprising 1,008 units for Rs 3,600 crore
 "Signature Global to invest over Rs 1,200 cr/year to boost housing projects")
Sun Pharma recalls 55,000 bottles of generic drug to treat gout from US mkt
Sun Pharmaceutical Industries Inc is recalling 47,520 bottles (40mg) and 7,488 bottles (80 mg) respectively of the medication due to Current Good Manufacturing Practice regulations (CGMP) deviations,
 "Sun Pharma recalls 55,000 bottles of generic drug to treat gout from US mkt")
Expect accelerated growth post investment by JSW Group: MG Motor India CEO
In 2023, the company had sold around 60,000 units as compared to about 48,000 units in 2022
 "Expect accelerated growth post investment by JSW Group: MG Motor India CEO")
IndianOil sets sight on Grand Prix, to join high table of F1 fuel producers
IOC had in October last year helped India join a select league of nations when it began producing highly specialised 'reference' petrol and diesel that are used for testing automobiles
 "IndianOil sets sight on Grand Prix, to join high table of F1 fuel producers")
Zee MD & CEO Punit Goenka revamps revenue vertical, Rahul Johri resigns
Zee Entertainment Enterprise Ltd on Saturday announced the resignation of Rahul Johri and changes in the revenue vertical of the broadcast business implemented by its MD & CEO Punit Goenka.
 "Zee MD & CEO Punit Goenka revamps revenue vertical, Rahul Johri resigns")
IndiGo flight from Mumbai to Istanbul delays due to technical issue
The IndiGo flight coming from Mumbai to Istanbul has been delayed due to a technical issue, the airline said on Saturday.
 "IndiGo flight from Mumbai to Istanbul delays due to technical issue")
Tata Technologies inks agreement with Telangana for skill centres
An official release said the Tata Group company and the state government signed an agreement under which TTL will upgrade government ITIs as advanced technology centres
 "Tata Technologies inks agreement with Telangana for skill centres")
NCLT denies relief to Iffco, asks Triumph to discuss issues before Apr 4
Triumph Offshore is a joint venture between fertiliser player IFFCO and Swan Energy Ltd (SEL) which is engaged in onshore gas distribution terminal business
 "NCLT denies relief to Iffco, asks Triumph to discuss issues before Apr 4")
Still trying to evict elite Russian government hackers, says Microsoft
Tech giant Microsoft has so far not been able to evict Russian government hackers who broke into the email accounts of senior company officials in November
 "Still trying to evict elite Russian government hackers, says Microsoft")
United Airlines' plane veers off runway in third Boeing mishap of the week
The 21-year-old aircraft was also a 737 - but an earlier version than the Max, according to FlightRadar24
 "United Airlines' plane veers off runway in third Boeing mishap of the week")
Boeing's largest union demands 40% salary hike over 3 yrs, as talks begin
The company's stock extended declines after the union announced its demands, falling as much as 2.2%
 "Boeing's largest union demands 40% salary hike over 3 yrs, as talks begin")
OpenAI's Sam Altman returns to company's board after probe clears him
Altman is rejoining the company's board following the findings
 "OpenAI's Sam Altman returns to company's board after probe clears him")