Page 938 - Company News
BGR Energy Q3 results: Loss widens to Rs 691 cr, income almost doubles
The consolidated net loss of the company was Rs 59.22 crore in the quarter ended on December 31, 2022, a BSE filing showed
 "BGR Energy Q3 results: Loss widens to Rs 691 cr, income almost doubles")
ADIF moves Delhi HC against 'inaction of CCI' to decide Google case
ADIF told court that 'there will be a cascading effect of harm to the market and the market will not be able to recoup the competitive loss at the hands of Google if CCI does not decide on its plea
 "ADIF moves Delhi HC against 'inaction of CCI' to decide Google case")
Jio tries to woo Airtel users on V-day with classic 'call me' pickup line
Airtel customers took the opportunity and posted their complaints like the network issue they are facing
 "Jio tries to woo Airtel users on V-day with classic 'call me' pickup line")
About 30% of business applications have moved to cloud in India: Oracle
Kumar further added that today every customer across verticals like BFSI, telecom, retail, large or SMB etc., are discussing cloud and how fast they can do so
 "About 30% of business applications have moved to cloud in India: Oracle")
Canara Bank raises Rs 2,000 crore funds from bonds at coupon of 8.40%
Additional Tier I bonds qualify as core capital or equity capital, and it is one of the means of raising capital by banks
 "Canara Bank raises Rs 2,000 crore funds from bonds at coupon of 8.40%")
Shoppers Stop plans to launch 10-15 new SS Beauty stores this year
The company, which operates 13 SS Beauty stores at the moment, plans to open 10-15 new medium-to-large format stores in the calendar year 2024
 "Shoppers Stop plans to launch 10-15 new SS Beauty stores this year")
SC proposes to inspect closed Vedanta group's copper plant in Tamil Nadu
The plant is closed since May 2018 after 13 people were killed as police opened fire to quell a protest over alleged pollution caused by it
 "SC proposes to inspect closed Vedanta group's copper plant in Tamil Nadu")
Automotive supplier ZF Group inaugurates new manufacturing unit in TN
With an Rs 1,800 crore project outlay, ZF plans to strengthen its manufacturing presence and expansion in India with investment realization by 2030
Tata Nexon secures 5-star rating in latest Global NCAP crash tests
Nexon received a score of 32.22 out of 34 points for adult occupant protection and 44.52 out of 49 points for child occupant protection
 "Tata Nexon secures 5-star rating in latest Global NCAP crash tests")
Defence ministry inks Rs 1,752 cr deal with AWEIL for remote control guns
This acquisition will provide further boost to the vision of "Aatmanirbharta in Defence", the ministry of defence said in a statement
 "Defence ministry inks Rs 1,752 cr deal with AWEIL for remote control guns")
BHEL bags order to set up 800 MW thermal power plant from Haryana
BHEL said it has executed central and state thermal utility projects of over 3,000 MW in Haryana
 "BHEL bags order to set up 800 MW thermal power plant from Haryana")
KPI Green Energy Q3 results: Net profit up 47% at Rs 50 cr, revenue doubles
It had clocked a net profit of Rs 34.45 crore in the year-ago period, the company said in an exchange filing
 "KPI Green Energy Q3 results: Net profit up 47% at Rs 50 cr, revenue doubles")
Ola sets up cab zone at Chennai int'l airport for airline passengers
The Ola Zone, similar to the cab services currently available at the airport, allows customers to book a ride at the Ola Zone to take up their local journey
 "Ola sets up cab zone at Chennai int'l airport for airline passengers")
Airtel's Nxtra to procure 140,208 MW renewable energy for data centres
Nxtra, the data centre unit of Bharti Airtel, on Wednesday announced an agreement with Ampln and Amplus Energy to procure an additional 140,208 MWh (megawatt-hour) of renewable energy.
 "Airtel's Nxtra to procure 140,208 MW renewable energy for data centres")
CIAL, BPCL sign pact to set up first green hydrogen plant at Cochin airport
This collaborative effort will result in the world's first green hydrogen plant and fueling station located within an airport setting, CIAL said in a statement on Wednesday
 "CIAL, BPCL sign pact to set up first green hydrogen plant at Cochin airport")
ED starts preliminary probe into Paytm Payments Bank after RBI's decision
That comes two weeks after the country's central bank ordered Paytm's banking affiliate to wind down
 "ED starts preliminary probe into Paytm Payments Bank after RBI's decision")
TPREL, Tata Comm sign Rs 105 cr deal to set up captive solar project
Tata Power Renewable Energy Ltd (TPREL) has signed an agreement worth Rs 105 crore with Tata Communications to set up a 18.75 MW captive solar plant in Maharashtra
 "TPREL, Tata Comm sign Rs 105 cr deal to set up captive solar project")
Coal India to add new mines, expand existing ones to meet high demand
The miner plans to start operations at five new mines, with a combined annual capacity of 14.3 million tons, in the next fiscal year, Prasad said
 "Coal India to add new mines, expand existing ones to meet high demand")
Credit platform Yubi announces partnership with Axis Bank, Muthoot Microfin
Alliance will serve diverse sectors, with initial focus on microfinance institutions
 "Credit platform Yubi announces partnership with Axis Bank, Muthoot Microfin")
Hinduja nears Rs 4,000 cr borrowing deal for Reliance Capital acquisition
The group's acquisition is still pending court and regulatory approvals. If the transaction is successful, IIHL, along with other entities, will have a controlling stake in Reliance Capital
 "Hinduja nears Rs 4,000 cr borrowing deal for Reliance Capital acquisition")