Page 987 - Company News

Hyundai completes Talegaon plant acquisition, to invest Rs 6,000 cr in Maha

The acquisition of the Talegaon plant reinforces the automaker's commitment to Atmanirbhar Bharat, by making India a hub for advanced smart mobility solutions, he stated

Steiner AG sells its construction arm to Demathieu Bard for Rs 928 cr

Demathieu Bard is an international construction group headquartered in France

Tata Consumer Products to raise $782 mn through issue of commercial papers

Tata Consumer Products said on Friday it will raise up to 65 billion rupees (about $782 mn) through issue of commercial papers and rights issue of shares

65% employees back in office 3-5 days a week after TCS ended WFH: CEO

Tata Consultancy Services CEO K Krithivasan states that with the positive incentives provided, a majority of employees will be back in the office within the next couple of quarters

Sony Board to take call on $10 billion merger with Zee Entertainment today

Zee MD and CEO Punit Goenka has offered to step down from his chief executive role, ahead of the deadline for the merger deal on January 20

'Highly confident' Akasa Air to bring 150 Boeing 737 MAX aircraft on board

In 2021, Akasa Air initially ordered 72 MAX planes from Boeing and then expanded the order to 76 in 2023. Of these, 22 have been delivered, with the remaining 54 due by mid-2027

IndiGo evaluating options to file appeal against BCAS' Rs 1.20 cr penalty

Many passengers rushed out of IndiGo aircraft at Mumbai airport, sat on tarmac, and some were also seen having food there as soon as their diverted Goa-Delhi flight landed after long delay on Jan 14

India needs 2,840 new aircraft, 41,000 pilots in 20 years: Airbus forecast

Addressing a press conference on the sidelines of the aviation conclave and exhibition, Wings India 2024, Maillard said Airbus will double its sourcing from India to USD 1.5 billion

IndiGo schedule to be back to normal by next week: CEO Pieter Elbers

IndiGo has solidified its supremacy in the Indian aviation sector by increasing its domestic market share to 60.5 per cent in 2023 from 56.1 per cent in 2022

Jet Airways case: Supreme Court directs JKC to deposit Rs 150 crore

"The question of adjustment of Rs 150 crore (through bank guarantee), we will keep it with the NCLAT. You (JKC) have to (pay)," the apex court said

A-I CEO lists features of Airbus A350, says it's 'highly fuel efficient'

Civil Aviation Minister Jyotiraditya Scindia on Thursday inaugurated India's and Air India's first Airbus A350 aircraft on the first day of Wings India 2024

Multiple headwinds ahead for ICICI Prudential Life Insurance Company

Commission expenses and expenses of management (EOM) dragged down the profitability. The net profit grew just 2.4 per cent Y-o-Y to Rs 227 crore

Ads running on Meta saw return on spending increase by 32% with help of AI

Ads using AI also reduced the cost of acquisition by about 17%, Mendelsohn said in an interview with Bloomberg Television from the World Economic Forum in Davos on Thursday

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

Polycab India Q3 profit rises 15.4% on healthy cables, wires demand

Consolidated net profit rose to 4.13 billion rupees ($49.7 million) in the three months ended Dec. 31 from 3.58 billion rupees a year earlier

Samsung to make Galaxy S24 series in Noida for sale in India, export

Samsung India Senior Vice-President for mobile business Raju Pullan said the entire S24 series will be manufactured in India for India as well as for the other parts of the world

FinAGG Technologies bags $11 mn funding led by Blue Orchard, Tata Capital

The Series A funding round also saw participation from the Small Industries Development Bank of India (SIDBI) and existing investor Prime Venture Partners, a release said on Thursday

Scaling up to meet domestic demand, no plans to export to China: NMDC

Reuters reported on Wednesday that the federal government had turned down a request from the company to export iron ore to China

WEF 2024: UP Govt, Hero Group sign MoU worth Rs 4,000 crore at Davos

The Uttar Pradesh delegation also met senior representatives of HCL Technologies, Unilever, Nestle, Microsoft and ReNew here

Tata Communications subsidiary issues termination notice to Vodafone Idea

In a notice to the stock exchange, the company said the carrying amount of trade receivables (including unbilled revenue) from the customer was Rs 221.19 crores as on December 2023