Sajjan Jindal-led JSW Steel on Thursday said its consolidated crude steel output in August rose marginally by one per cent to 23.16 lakh tonnes (LT). The company’s consolidated crude steel production was 22.86 LT in the corresponding month of previous fiscal, JSW Steel said in a regulatory filing....
Self-drive car-sharing platform Zoomcar on Wednesday said it has tied up with Mappls MapmyIndia, a leading digital mapping, geospatial software and location-based IoT company. This unique collaboration enables users to seamlessly book a Zoomcar while getting their trips planned with the Mappls App, sign...
Aurobindo Pharma on Wednesday said its unit has received the first product approval from the US Food and Drug Administration for a generic anaesthesia medication. The new injectable facility of Eugia Steriles, a subsidiary of Eugia Pharma Specialities and a stepdown unit of the company, situated at Anak...
Tata Steel’s deal with UK Government; share price history, bse, nse: Tata Steel on Wednesday (September 11, 2024) inked a deal with the UK government for a £1.25 billion green steel project in Port Talbot, the steel giant informed post market hours today. Tata Steel said announced that it has sign...
The demerger of mining conglomerate Vedanta Ltd’s key businesses, including aluminium, into separate listed companies is expected by the end of FY25, a top official of the company said on Wednesday. Vedanta Ltd has filed an application for its demerger scheme before the National Company Law Tribun...
Taking serious note of Mumbai-based Entod Pharmaceuticals’ claims that it can help reduce dependency on reading glasses for those suffering from presbyopia, the DCGI has suspended the permission granted to it to manufacture and sell their new eye drops. According to the National Eye Institute, pre...
BEL bags fresh orders worth Rs 1,155 crore, total at Rs 7,075 crore in FY25 State-owned defence manufacturer Bharat Electronics Limited (BEL) on Wednesday announced it has secured orders worth Rs 1,155 crore, in two separate deals. It has received order worth Rs 850 crore from Cochin Shipyard Limited (C...
The Indian National Congress (INC) on Wednesday demanded a Joint Parliamentary Committee (JPC) to investigate alleged corruption related to the Adani conglomerate. The grand-old party reiterated its demand for such a probe to unearth the full extent of the corruption, monopolisation and glaring gaps in...
The Kenyan High Court has blocked a $1.85 billion deal between Adani Group’s Adani Airport Holdings Ltd and the government of Kenya. Under the deal, the Kenyan government planned to transfer the controlling rights of the Jomo Kenyatta International Airport (JKIA) to Gautam Adani-led Adani Airport...
Hazoor Multi Projects Limited has informed exchanges that its board will meet to evaluate the proposal regarding in-principal approval of a potential merger of Square Port Shipyard Private Limited. “…to evaluate the proposal regarding In-principal approval of a potential merger of Square Po...
Walmart group’s fintech firm PhonePe on Tuesday said it has partnered with cross-border payment solutions provider Liquid Group to expand its merchant acceptance network in Singapore. The collaboration will allow PhonePe users travelling to Singapore to scan and pay using the app at Liquid Group...
The RBI has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for certain deficiencies in statutory and regulatory compliance. In a statement on Tuesday, the Reserve Bank of India (RBI) said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisio...
The Centre is working on developing a policy framework for formulating strategy, roadmap and action plan for decarbonisation of the steel sector, a top official said on Tuesday. Speaking at an event here steel secretary Sandeep Poundrik said, “The ministry of steel is working on developing a polic...
Air India SATS Airport Services (AISATS) on Tuesday unveiled what it described as the country’s first luxury tarmac coach exclusively for first class and business class travellers at Indira Gandhi International Airport in the national capital. AISATS is a 50:50 joint venture between Air India Ltd, a Tat...
Known for his unwavering discipline and trustworthiness, Dravid embodies the qualities that Shriram Finance values and aims to project. Shriram Finance has announced the appointment of former Indian cricket team coach and legendary cricketer, Rahul Dravid, image credit: ANI Doonited Affiliated: Syndicat...
Tata Power Delhi Distribution (Tata Power-DDL) and Kyoto-based Nissin Electric will start a demonstration project to supply electricity from India’s first micro substation with power voltage transformer (PVT) to ensure stable power for areas without a power grid. Nissin is am electric equipment co...
Century Textiles and Industries Ltd (CTIL) on Tuesday said it has acquired ownership rights of about 10-acre leasehold land parcel in Worli, Mumbai from Nusli Wadia for Rs 1,100 crore and expects Rs 14,000 crore revenue from real estate development on this site. With this transaction, the existing lease...
L&T Semiconductor Technologies and IBM will engage in discussions for research and development collaboration to design advanced processors, a joint statement said on Tuesday. The alliance anticipates work on innovation, functionality, and performance to enable reliable, secure and scalable computing...
Godrej Properties raises Rs 64.6 crore through issue of debentures to investors Mumbai, Sep 10 (PTI) Realty firm Godrej Properties has raised Rs 64.6 crore through the issue of debentures to investors on private placement. In a regulatory filing on Tuesday, the company said a committee of the board appr...
Kamdhenu Paints, a wholly-owned subsidiary of Kamdhenu Ventures, has informed exchanges that it is set to expand its premium product line with the introduction of a new wood coatings range. The company said that the launch is scheduled for October 2024. “With these initiatives, Kamdhenu Paints is...
Mercury EV-Tech has informed exchanges that its board will meet on 13 September 2024 to consider raising of funds by way of issue of convertible equity warrants and/or equity shares on a preferential basis. “The Meeting of the Board of Directors of the Company will be held on Friday, September 13,...
The Enforcement Directorate, the country’s financial crime-fighting agency, has filed a first information report (FIR) at the Matunga Police Station under Mumbai Police against three of the company’s officials including executive chairperson Rashmi Saluja. The concerned officials have denie...
PC maker HP India is set to sign an agreement with electronics contract manufacturer Dixon Technologies’ subsidiary Padget Electronics to make the company’s notebooks, desktops and all-in-one PCs under the PLI 2.0 scheme in India, a joint statement said on Monday. The production will take pl...
Indian Renewable Energy Development Agency (IREDA) on Monday said it has inked initial pacts with SJVN and GMR Energy for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal. This collaboration aims to enhance regional energy security through the development of...
In a major boost to Aatmanirbhar Bharat, the Ministry of Defence (MoD) has signed a contract with Hindustan Aeronautics Limited (HAL) for 240 AL-31FP aero engines of Su-30MKI aircraft at a cost of over Rs 26,000 crore, the defence ministry said in a statement. The contract was inked by the senior offici...
PC Jeweller has informed exchanges that it has received approval from Kotak Mahindra Bank for its One Time Settlement (OTS) proposal. “This is to inform that Kotak Mahindra Bank Limited vide an e-mail dated September 7, 2024 has conveyed its acceptance of One Time Settlement (“OTS”) proposal submi...
Tata Group-owned Air India shaved off its losses by 60 per cent to Rs 4,444.10 crore in FY24 over the previous year, according to the Tata Sons annual report for 2023-24. The airline had reported a loss of Rs 11,387.96 crore in FY23, the annual report said. The turnover rose 23.69 per cent to Rs ...
As India marches towards becoming the global semiconductor hub, industry experts on Saturday said the country could receive a massive up to $30 billion investment in the sector in the next three-five years which would further bolster its position in the supply chain worldwide. On Thursday, the Maharasht...
Shareholders of cigarette maker Godfrey Phillips India Ltd have approved the special resolution for the re-appointment of Bina Modi as Managing Director of the company with a majority of 86.6 per cent votes. Moreover, the shareholders of the company also approved the special resolution for the appointme...
Tata Power-led Odisha Discoms have awarded contracts worth Rs 11,481 crore to local contractors and suppliers, an official said. The joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs by the Discoms over the pa...
Drug firm Wockhardt has denied allegations regarding payment of rent by Carol Info Services and its connection with certain orders passed by SEBI in relation to the company. “In this regard, we categorically deny these allegations and state that these allegations are completely baseless and mislea...
Odisha Chief Minister Mohan Charan Majhi Friday graced the ground-breaking ceremony of India’s first silicon carbide manufacturing facility to be set up in Odisha at an investment of Rs 620 crore. The project will be developed by RIR Power Electronics Limited, a leader in India’s semiconduct...
Over 300 firms from 20 countries will showcase over 5,000 products and technologies at the 14th edition of Asia’s largest education and skills sector exhibition and conference DIDAC India 2024 here. The 14th edition of Didac India is being organised by global exhibitor Messe Stuttgart India, in pa...
Indian Hotels Company on Friday said it has opened its second Ginger hotel in Jammu and Kashmir. Located at Barzulla, the 64-key Ginger Srinagar provides easy access to the airport and iconic attractions such as Dal Lake, Shalimar Bagh, Shankaracharya Temple, and Jama Masjid, the company said in a state...
The Supreme Court on Friday sought a response from ICICI Bank’s former Managing Director and Chief Executive Officer Chanda Kochhar and her businessman-husband Deepak Kochhar on a plea filed against the Bombay High Court order declaring their arrest as “illegal”. A bench of Justices Sa...
MIC Electronics has bagged an order from Indian Railways. According to an exchange filing, the company has received a Letter of Acceptance from the Ratlam Division of the Western Railway Zone. MIC Electronics said that it will be supplying, doing installation, testing and commissioning of telecom mater...
Gensol Engineering Limited has informed exchanges that it has acquired a 99.99 per cent equity stake in Gridstor Energy Private Limited. “…the company has subscribed 9,999 (Ninety Thousand Nine Hundred Ninety-Nine) Equity Shares which is 99.99 % of total share capital of the Company by inves...
Aerolloy Technologies Limited (ATL), a wholly owned subsidiary of PTC Industries Limited, has received an order from Israel Aerospace Industries (IAI), for the supply of Titanium cast components for Aerospace applications. This is the first time that IAI is sourcing such cast components from India. ATL...
Minerva Ventures Fund and Saint Capital Fund have picked up stakes in fintech company MOS Utility – which offers different types of Fintech and Utility Payment Solutions services to businesses and individuals – at an average price of Rs. 285.94 and Rs. 285 respectively. Recently, the compan...
The plastic waste management firm Race Eco Chain announced that it would form a joint venture with Ganesha Ecosphere to set up washing plants to produce pet flakes. Ganesha Ecosphere Ltd is one of the major PET recycler in India. The board has provided its in-principle approval to enter into a joint ven...
Bengaluru-based Brigade Enterprises has raised Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business. The company on September 2 launched its qualified institutional placement (QIP) issue to raise funds. The issue closed on September 5. In a regula...
Max Ventures Investment Holdings, a promoter entity of Max Financial Services, on Thursday divested a 3.18 per cent stake in the company for Rs 1,218 crore through an open market transaction. Analjit Singh-promoted Max Financial Services Ltd (MFSL), a part of the Max Group, is the holding company for Ma...
Jindal Stainless on Thursday said that it has supplied stainless steel for the Vande Bharat sleeper coaches. “Jindal Stainless has supplied high-strength tempered 301LN grade austenitic stainless steel for this prestigious government project,” the company said in a statement. Apart from prov...
Krystal Integrated Services, a leading provider of integrated facility management solutions, has informed exchanges that it has been awarded a Rs 714 million contract by the Thane Municipal Corporation. This contract is related to providing waste management services in the Mumbra region and will contin...
Leading commercial vehicle maker Ashok Leyland on Thursday announced partnering with Bandhan Bank to provide vehicle financing solutions to its customers. The Indian flagship of the Hinduja Group has signed a Memorandum of Understanding with Bandhan Bank and the MoU will enable both Ashok Leyland and Ba...
Online travel platform EasyMyTrip.com on Thursday announced venturing into the electric bus manufacturing market through its new subsidiary, Easy Green Mobility, which will manufacture EV buses, with YoloBus serving as its operating arm. YoloBus is a subsidiary of EaseMyTrip. EaseMyTrip said it is inves...
Homegrown tech company Cellecor Gadgets has informed exchanges that its board will meet on September 7 to consider fundraising. “to consider, evaluate, approve the proposal to funds raising by way of issuance of equity shares or other equity-linked instruments, such as convertible instruments and...
Cumulative sales volume of South Korean automotive giant Hyundai Motor is likely to exceed the 100 million-unit mark this month, industry projections showed on Thursday. According to the company data, Hyundai Motor’s cumulative car sales from 1968 to the end of July totalled 99.66 million units. T...
Natco Pharma Ltd on Wednesday said its Canadian subsidiary acquired 40 million shares in eGenesis Inc., a biotechnology company at the forefront of xenotransplantation focused on developing safe and effective human compatible organs for transplant, for USD 8 million. The city-based drug maker in a state...
Paramount Communications, which has a market capitalization of Rs 2,664 crores, is hopeful of growth in the cables and wires segment and believes that the company will benefit because of it. The company shared some factors, in a report, that will help the sector grow in the coming days. Factors driving...
