Page 988 - Company News

ICICI Prudential offers 100% refund in pension plan at any stage of policy

The product is the first one after the regulator Irdai issued draft guidelines last November mandating insurers to return a higher amount on surrender of a policy mid-term

Coal India's venture into power generation gets Cabinet approval

Rs 5.6K cr equity investments in two thermal power projects also get go-ahead

RBI clears appointment of whole-time director for 3 years by Bandhan Bank

The lender added that Babbar's three-year tenure will begin from the date of taking charge, which should be within three months from the date (January 17, 2023), of the said RBI approval

Ramkrishna Forgings Q3 results: Profit up 43% at Rs 87 cr on higher income

The company had posted a net profit of Rs 61.04 crore in the year-ago period, the company said in an exchange filing

Bayer AG to hold off breakup plans despite investor pressure: Report

CEO Bill Anderson, at the helm since June last year, said in November he is weighing options to break apart the diversified company in a staggered fashion but would not rule out keeping all businesses

Lupin gets USFDA nod to market generic hyperuricemia treatment drug

The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application for Febuxostat tablets of strengths 40 mg and 80 mg, a generic equivalent of Uloric tablets

PhonePe sells over 9 mn digital insurance policies, 4 mn in one year

PhonePe had entered the insurance space in 2020 with a corporate agency licence, before acquiring a full-fledged insurance broking licence

Tata Technologies to invest $1.8 bn in Telangana to set up skilling centres

The investment from the unit of Tata Motors is the second commitment to the Telangana government in two days after the Adani Group announced a $1.49 billion investment on Wednesday

Energy Efficiency Services inks 5 initial pacts to boost renewables, others

According to the statement, EESL, a joint venture of public sector undertakings under the administration of the Ministry of Power, has signed memorandum of understanding (MoUs) with strategic partner

Institutional buyers put in bids worth Rs 6,000 cr for NHPC share sale

The government's 3.5 per cent share sale offer in NHPC on Thursday received an enthusiastic response from institutional investors, who put in bids worth over Rs 6,000 crore

Officer's Choice whisky maker Allied Blenders files IPO papers with Sebi

The initial share sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-For-Sale (OFS) of shares to the tune of Rs 500 crore by promoters

BMW collaborates with humanoid startup Figure to take on Tesla's robot

"We have designed the robot to be safe next to humans. Working with BMW on automation in a manufacturing facility is a huge validator for us in the space," Adcock said

Haldiram's seeks to buy Indian chips maker Prataap Snacks: Report

The talks are at an early stage and a valuation has not been discussed, though it could be at a premium to Prataap's stock price

Jindal Stainless Q3 results: Net profit rises 35% to Rs 691 crore

Its net profit was at Rs 512.62 crore during the October-December period of the preceding 2022-23 fiscal, the company said in a regulatory filing

Mahindra Holidays & Resorts to invest Rs 800 cr to set up 3 resorts in TN

The company has signed an MOU with the Tamil Nadu government for the same, Mahindra Holidays & Resorts India Ltd (MHRIL) said in a statement

Coal India plans to begin mining of critical minerals, including lithium

State-owned Coal India Ltd (CIL) is mulling entering into the mining of critical minerals, including lithium

CCEA approves Rs 5,607 cr investments by Coal India in two power projects

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi on Thursday, an official statement said

Ashok Leyland to make 1225 buses for Karnataka state transport undertakings

Company says order will strengthen its lead in Indian bus manufacturing

Airbus forms JV with Air India to launch pilot training centre in Gurugram

Besides, the European aviation major also announced a collaboration with GMR Aero Technic to offer aircraft maintenance engineering training courses at the latter's facility in Hyderabad.

Steel products manufacturer Goodluck India raises Rs 200 crore via QIP

MC Garg, Chairman of Goodluck India, said, 'The recently concluded round of fundraising is well in line with the company's growth strategy'