Page 995 - Company News

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

Airbnb, U'khand Tourism sign initial pact to enhance hospitality standards

Under the Memorandum of Understanding (MoU), Airbnb will undertake capacity building activities in the selected pilot locations to enhance local hospitality standards, the company said in a statement

Jaguar Land Rover reports best-ever sales at 3,582 units in Apr-Dec period

Range Rover and Defender continue to lead with a year-on-year (Y-o-Y) rise of 250 per cent, contributing to over 75 per cent of the current order book, the automaker said

India-Japan Fund to invest Rs 400 crore in Mahindra & Mahindra's unit

The Mumbai-based automaker and IJF, a fund managed by National Investment and Infrastructure Fund Ltd (NIIF), have executed a binding agreement in this regard, it added

Maruti Suzuki plans to start exports of EVs, lithium-ion battery this year

Maruti Suzuki procures the cells and models from the JV and exports them. On Thursday, the company had announced an investment of Rs 38, 200 crore to set up a second plant in Gujarat

JSW Group ties up with Finland-based Coolbrook for low-carbon emission tech

Diversified $23 billion JSW Group has a presence in sectors like energy, infrastructure, cement, paints, sports, and venture capital

Indian manufacturing unit to be operational by early 2025, says Micron CEO

"The first phase, which will include 5,00,000 square feet of plant clean room space, will become operational in early 2025," he said

Mahindra World City signs deal with Tamil Nadu to invest Rs 1,000 cr

Real estate and infrastructure company says agreement will lead to jobs for more than 2,000 people

Google VP calls on Revanth Reddy, expresses desire to work with T'gana govt

Reddy also discussed ways to improve road safety using Google Maps and Google Earth platforms, the release added

BMW India posts record sales of luxury cars, motorcycle at 22,940 units

The company's sales rose by 19 per cent last year as compared to 19,263 units in 2022

NIIF's India-Japan Fund to put Rs 400 cr in M&M's last-mile mobility arm

IJF will invest Rs 400 crore at a valuation of up to Rs 6,600 crore, resulting in ownership ranging between 6.06 per cent and 8.25 per cent stake in MLMML

Apraava Energy bags 250-MW solar project from NHPC via auction route

The project, won through the e-reverse auction mechanism at a walk-out tariff of Rs 2.53 per kWh, is scheduled to be completed within 24 months, a company statement said.

After Google, Amazon announces job cuts; hundreds to get pink slips

The latest job cuts by Amazon will impact the employees of Prime Video and Amazon MGM Studios. The news coincided with Google's similar announcement to layoff employees on Wednesday

Lakshadweep's 'one-stop' tourism guide website launched by Thrillophilia

Lakshadweep tourism: Rajasthan-based travel platform Thrillophilia has announced a dedicated online platform for Lakshadweep for all travel-related information