Page 992 - Company News

Sebi to auction 30 properties of 6 companies to recover money on Feb 13

The companies whose properties will also be auctioned are Bishal group of companies, Purusattam Infotech Industries, NVD Solar Ltd, Sun Plant Business, Mangalam Agro and Jivan Sathi Dream Projects

US-based Capital Group sells Polycab India's shares worth Rs 337 crore

According to the bulk deal data with the NSE, SmallCap World Fund Inc disposed of 8,51,003 shares of Polycab India

Japanese company NTT Data announces new data center campus in Noida

The campus, named Noida 2, spans across six acres and is located in Noida's data centre corridor. It will support a planned capacity of 52.8 MW critical IT load in two data centres

NPCI expands UPI's linkage with Singapore's PayNow: Check details here

Currently, users of mobile-based applications such as Bharat Interface for Money (BHIM), PhonePe, and Paytm can access the service

Ex-promoters, can submit bids if eligible under Section 29A of IBC: NCLAT

The mere fact that someone was a promoter and director of a company going through the Corporate Insolvency Resolution Process (CIRP), does not make that person ineligible to submit a resolution plan

Vodafone Idea imposed Rs 13.16 cr penalty by addl commissioner in GST case

The order was issued by the Office of the Additional Commissioner, Central Goods & Service Tax in Chandigarh

Vedanta's Cairn Oil & Gas submits development plan for Jaya gas find in Guj

"Through exploration and appraisal successes, Cairn has now submitted a field development plan (FDP) to produce more than 2,000 barrels of oil and oil equivalent gas per day, initially," the firm said

World needs India; Indian biz leading in investments in social causes: UN

The United Nations Resident Coordinator in India Shombi Sharp also said that Corporate Social Responsibility (CSR) is indispensable in India's journey, where businesses are at the forefront

Vibrant Gujarat Summit: TPREL plans to invest Rs 70,000 cr in Gujarat

The company has signed a Memorandum of Understanding (MoU) with the Gujarat government in this regard at the ongoing 10th edition of Vibrant Gujarat Global Summit 2024 in Gandhinagar

Data centre firm Yotta's Nvidia AI chip orders to reach $1 billion: CEO

Sunil Gupta, CEO and co-founder of Yotta, told Reuters on Thursday that the order would comprise nearly 16,000 of Nvidia's artificial intelligence chips H100 and GH200 and will be placed by March 2025

ENGIE plans to invest Rs 17,200 cr to set up renewable projects in Gujarat

The company has signed a MoU with the Gujarat government in this regard at the ongoing 10th edition of Vibrant Gujarat Global Summit 2024 in Gandhinagar

Govt finalises draft guidelines to prevent cos from false pro-green claims

The draft guidelines clearly define "Greenwashing" and "Environment claims". It also proposes disclosures that would be required to be made by the company while making green claims, said a statement

Reliance Jio's Hathway, Hinduja arm in race to acquire Siti Networks

Hathway Digital and IndusInd Media & Communications did not wish to comment on the development

FMCG distributors to boycott HUL in Maha, starting with Taj Mahal Tea

The distributors are demanding a minimum basic margin of 5 per cent. They are supporting incentive parameters, but they should not interfere with the distributor's margin

TikTok parent ByteDance to shut down music streaming service Resso in India

ByteDance, best known for its short video app TikTok, launched Resso in India, Indonesia, and Brazil in March 2020

Rationalisation of duty structure crucial for tech adoption: BMW India Head

He stressed on a level-playing field in terms of taxation for the existing as well as for new players who seek to foray into the country

Toyota to roll out solid-state battery EVs globally in a couple of years

Last year, Toyota and oil refiner Idemitsu Kosan said they would tie up to develop and mass produce all-solid-state batteries, which they aim to commercialise in 2027 and 2028

First Solar invests $700 mn for solar manufacturing plant in Tamil Nadu

It will produce the 'company's series 7' Photovoltaic (PV) solar modules for the Indian market. The facility has provided a direct employment opportunity to around 1,000 people

Passenger traffic at CSMIA up 13% to 4.88 million in December 2023

This was the highest-ever passenger traffic for the airport, the aerodrome operator said in a statement

RIL, ACME, 7 others selected for govt sops to set up green hydrogen plants

As many as 12 companies' bids were qualified for incentives to set up production facilities of 5,49,500 tonnes of green hydrogen, against the offered capacity of 4,50,000 tonnes