Page 923 - Company News
Commissioning of new capacities can fire up Oil India stock even more
The PSU has delivered steady results in the October- December quarter (Q3) of FY24 and it is looking at ramping up production in both oil and gas
 "Commissioning of new capacities can fire up Oil India stock even more")
IOCL to relaunch tender to set up a green hydrogen production unit
The recently closed other big green H2 tender was by Solar Energy Corporation of India (SECI) under the aegis of the Union Ministry of New and Renewable Energy
 "IOCL to relaunch tender to set up a green hydrogen production unit")
Bharat Highways InvIT collects Rs 826 cr from anchor investors ahead of IPO
Proceeds from the issue will be utilised to provide loans to the project SPVs (Special Purpose Vehicles) for repayment of their outstanding loans
 "Bharat Highways InvIT collects Rs 826 cr from anchor investors ahead of IPO")
Zee board expands scope of advisory panel to include probe assessment
The announcement by the company comes amid a probe by market regulator Sebi against its promoters for alleged fund diversion
 "Zee board expands scope of advisory panel to include probe assessment")
Vedanta group's Hindustan Zinc forays into strategic mineral exploration
The development aims at the company's foray into strategic mineral exploration and diversification of its portfolio
 "Vedanta group's Hindustan Zinc forays into strategic mineral exploration")
'Scarred' and 'egregious': Global lessors frustrated by Go First case
Lombardi noted that the process of reclaiming planes has shown gradual improvement since the bankruptcy of Kingfisher Airlines, through Jet Airways' insolvency, and onward
 "'Scarred' and 'egregious': Global lessors frustrated by Go First case")
Nita Ambani likely to be chair of merged Reliance-Disney media business
The plans could change ahead of an official announcement. Reliance did not respond to a request for comment, while Disney declined to comment
 "Nita Ambani likely to be chair of merged Reliance-Disney media business")
SJVN commissions 100 MW Raghanesda solar power project in Gujarat
The project, bagged at a tariff of Rs 2.64 per unit, has been commissioned through its subsidiary SJVN Green Energy Ltd (SGEL), SJVN said in a regulatory filing
 "SJVN commissions 100 MW Raghanesda solar power project in Gujarat")
Not looking to acquire stake in Indian carriers: Malaysian carrier AirAsia
Budget airline flies to 14 Indian cities from Kuala Lumpur and Bangkok, plans to expand service in India
 "Not looking to acquire stake in Indian carriers: Malaysian carrier AirAsia")
Kolkata-bound Spicejet flight from Delhi delayed 5 hrs due to hoax message
A woman carrying an infant has been detained by security agencies for questioning in the case, the sources said
 "Kolkata-bound Spicejet flight from Delhi delayed 5 hrs due to hoax message")
Voda Idea plans to raise about Rs 45,000 crore through equity, debt
The company has been fighting a desperate battle for survival -- it has a debt of Rs 2.1 lakh crore and is reporting quarterly losses, amid massive subscriber churn
 "Voda Idea plans to raise about Rs 45,000 crore through equity, debt")
CCI proposes changes in confidentiality ring system to speed up proceedings
Anti-trust regulator says proposed amendments will help parties in their defence arguments
 "CCI proposes changes in confidentiality ring system to speed up proceedings")
Roche Pharma launches new drug for multiple sclerosis treatment in India
With the launch of the new drug, the global pharma company hopes to expand its neurology portfolio and cater to the untapped need of patients facing the disease in India
 "Roche Pharma launches new drug for multiple sclerosis treatment in India")
Adani Green plans to raise $409 million US dollar bonds to repay loan
The proceeds will be used to redeem the $500 million 6.25 per cent senior secured notes due 2024, it said adding these notes were issued on June 10, 2019
 "Adani Green plans to raise $409 million US dollar bonds to repay loan")
Eyeing $1 bn revenue, Happiest Minds revamps organisational structure
Each new industry group will be led by a head who will frame the strategy, business plan, go-to-market, sales, domain capability, and overall customer and people experience
 "Eyeing $1 bn revenue, Happiest Minds revamps organisational structure")
Companies expected to dole out 10% average salary hike this year: Survey
In 2023, the average salary hike was 9.5 per cent, according to consultancy firm Mercer's Total Remuneration Survey (TRS) released on Tuesday
 "Companies expected to dole out 10% average salary hike this year: Survey")
Logistics firm Shadowfax raises $100 million in TPG-led funding round
The company declined to disclose the valuation at which it raised the funds. It was last valued at $632 million, as of April 2022, per data from investment tracker Tracxn
 "Logistics firm Shadowfax raises $100 million in TPG-led funding round")
Maruti Suzuki, Union Bank of India partner for dealer financing solutions
The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the auto major said in a statement
 "Maruti Suzuki, Union Bank of India partner for dealer financing solutions")
FM Sitharaman confident of India Inc aligning to nation's development goals
Sitharaman said Prime Minister Narendra Modi has clearly indicated that the goal of Viksit Bharat is to be attained to provide the future generations a better India
 "FM Sitharaman confident of India Inc aligning to nation's development goals")
Puma expects weaker first half due to 'challenging' market conditions
Sportswear companies including Adidas, Nike, and Puma, have seen demand weaken as customers battling with inflation cut spending on non-essential goods
 "Puma expects weaker first half due to 'challenging' market conditions")