Page 947 - Company News

D B realty board gives in-principal nod to demerge hospitality business

On completion of the demerger process, the company said the equity shares of the resulting company would be listed on the stock exchanges

Foxconn invites bids for construction of chip assembly plant in India

The company has earmarked Rs 1,200 crore as an initial investment for the project

Alstom starts production of driverless trainsets for Chennai Metro Phase II

Smart mobility company has to deliver 36 trainsets, each comprising three cars

Max Healthcare acquires Nagpur-based Alexis Hospital for Rs 412 cr

Acquisition strengthens presence in Maharashtra and part of strategy to expand in Tier-II cities, says Max Healthcare

Max Healthcare acquires Nagpur-based Alexis Hospital for Rs 412 crore

Max Healthcare Institute on Friday said it has acquired Nagpur-based Alexis Multi-Speciality Hospital Pvt Ltd for Rs 412 crore

HPCL to commission country's newest oil refinery in Barmer by January 2025

Hindustan Petroleum Corporation Ltd (HPCL) will commission the country's newest oil refinery at Barmer in Rajasthan by January next year that will help meet rising fuel demand in the north India

OYO expects consistent PAT rise in upcoming quarters: CEO Ritesh Agarwal

Last year OYO had prepaid Rs 1,620 crore debt through a buyback process that involved the repurchase of 30 per cent of the company's outstanding Term Loan B (TLB)

Petronet draws Rs 40,000 cr investment plan to increase profit by 2028

Petronet currently has a turnover of Rs 55,000-60,000 crore and an annual net profit of Rs 3,200 crore

Paytm e-commerce renamed 'Pai Platforms', acquires ONDC seller firm Bitsila

"Pai Platforms is a leading buyer platform on the ONDC network and Bitsila acquisition will further bolster its commerce play," the source said

ONGC in talks to restart Libya operations, expand in Venezuela: Report

ONGC is also in talks to increase production in Venezuela, Rawat told reporters on the sidelines of India Energy Week event in Goa

IndianOil, Adani Gas JV to invest $300 million to double gas sales

The joint venture aims to double gas sales in four years and strengthen infrastructure to more than 600 retail outlets during the period to meet India's rising gas demand, Jha added

Biocon Biologics partners with Sandoz Australia to sell cancer drugs

The partnership will provide Sandoz the exclusive rights to promote, sell, and distribute biosimilar Trastuzumab and biosimilar Bevacizumab in Australia

British American Tobacco 'actively' looking to monetise ITC stake

We want to keep a level of influence in ITC, says BAT chief

Biocon inks pact with Sandoz for sale of 2 biosimilar products in Australia

Biocon Biologics on Friday said it has inked a five-year pact with pharmaceutical company Sandoz AG regarding the sale and distribution of two cancer treatment biosimilar products in Australia

Regulatory action on Paytm Payments Bank, not app, clarifies RBI

The RBI said it would next week come out with a list of frequently asked questions (FAQs) on the Paytm Payments Bank issue

Oil India seeking foreign technology partner for first offshore foray

Global companies like ExxonMobil, Equinor and Baker Hughes are being considered

Petronet plans to begin supplying LNG to Sri Lanka in 2025 for five years

Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during the India Energy Week event in Goa

India Energy Week 2024: OVL likely to lift more crude from Venezuela

Discussions underway to inject more investments into both of OVL's projects in Venezuela

Apollo Hospitals profit rises 60% in Q3; digital biz achieves break-even

Company will set up 7 new hospitals at an investment of Rs 3,400 cr between 2025 and 2027

Volume may better for India biz from July: Unilever CEO Hein Schumacher

Hein Schumacher, chief executive officer of Unilever, informed investors after its earnings report that they expect the volume growth for HUL to be in a similar range as witnessed in Oct-Dec qtr