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COMPANIES NEWS - Page 68
Vodafone Idea board meeting on Wednesday to consider up to Rs 500 crore fundraising from Voda Group
June 21, 2022 07:14 IST
As the Indian telecom market prepares for the 5G spectrum auction, the VIL board will explore funding up to Rs 500 crore from Voda Group.
PhonePe says not planning IPO right now
June 16, 2022 18:09 IST
PhonePe said in a statement that the company was focused on building its business and will go public once the core businesses turn profitable.
Shekhar Bajaj resigns from Bajaj Auto board
June 16, 2022 08:58 IST
Shekhar Bajaj is the chairman and managing director of Bajaj Electricals since 1994.
Tesla India policy executive quits after company puts entry plan on hold, says report
June 14, 2022 18:26 IST
Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the U.S. carmaker in the country.
Green hydrogen: TotalEnergies to pick up 25% in Adani arm
June 15, 2022 01:54 IST
“Both Adani and TotalEnergies are pioneers in energy transition and clean energy adoption, and this joint energy platform further strengthens the public ESG commitments made by both companies,” the Adani group said.
Cosmetics giant Revlon is preparing to file for bankruptcySubscriber Only
June 11, 2022 15:37 IST
Revlon has more than $3 billion of long-term debt, and has narrowly averted multiple defaults by cutting debt deals with creditors.
Coal India to source 6 MT more coal from overseas; floats medium-term tenders to boost domestic supplies
June 10, 2022 17:26 IST
The tenders are not indent based but to keep coal on tap for immediate availability and use in future. It is an advance action by the maharatna firm in fortifying future supplies and keeping a vendor ready.
Reliance-Apollo consortium makes 5 bn pounds bid for Boots
June 9, 2022 21:42 IST
Boots currently has a presence in the United Kingdom, Ireland, Italy, Norway, the Netherlands, Thailand, and Indonesia.
Amul urges environment ministry to postpone ban on plastic straw by one year; cites paucity of paper straws
June 9, 2022 18:58 IST
Amul needs 10-12 lakh plastic straws daily
LIC hits record low
June 7, 2022 04:30 IST
The share hit an all-time low of Rs 775.40 on the BSE before closing 2.86 per cent lower at Rs 777.40. It plunged 2.97 per cent to close at Rs 776.5 on the NSE.
IT Ministry issues fresh draft, says changes won’t hit startupsSubscriber Only
June 7, 2022 04:09 IST
Last week, the Ministry had issued a draft with the same proposal, but withdrew it within hours. At the time, a source at the ministry had said that the draft would be reissued with some changes following a formal announcement.
Demand push: Rubber industry looks to double exports by ‘25Subscriber Only
June 5, 2022 08:24 IST
AIRIA president Sawar Dhanania said the global market for rubber products which is estimated at around $212 billion today is also expected to grow by 2025.
Post Supreme Court decision: Will settle creditors, script new chapter, says Siva IndustriesSubscriber Only
June 5, 2022 03:53 IST
Vallal RCK, a shareholder of the company, had challenged the NCLAT order upholding the NCLT’s order to liquidate SIHL, despite the committee of creditors (CoC) accepting the settlement plan with a voting majority of 94.23%.
Essar Power to sell inter-state transmission line to Adani for Rs 1,913 croreSubscriber Only
June 4, 2022 00:44 IST
The asset transacted is an operational 400 kV inter-state transmission line linking Mahan in Madhya Pradesh to Sipat pooling substation in Chhattisgarh.
Elon Musk feels ‘super bad’ about economy, wants to cut 10% of Tesla jobs
June 3, 2022 14:47 IST
Tesla employed around 100,000 people in the company and its subsidiaries at the end of 2021, according to its annual SEC filing.
Kia EV6 electric vehicle launched in India: Here’s how much it costs
June 2, 2022 16:58 IST
Built on a dedicated EV platform -- the electric-global modular platform (E-GMP), the EV6 marks the beginning of Kia's EV journey in the country.
Delhivery CEO Sahil Barua navigates market meltdown in ‘nerve-wracking’ IPOSubscriber Only
June 2, 2022 13:49 IST
Barua and his team slashed the size of the offering by about 30% at the beginning of May and then decided to price shares conservatively, essentially sacrificing some cash in the short-term to try to avoid a tumble for investors.
Maruti Suzuki total sales at 1,61,413 units in May
June 1, 2022 16:24 IST
Sales of mini cars, comprising Alto and S-Presso, stood at 17,408 units last month.
Tata Motors sales surge nearly three-fold to 76,210 units in May
June 1, 2022 16:10 IST
The company's domestic sales increased three folds to 74,755 units from 24,552 units in May 2021, Tata Motors said in a statement.
FY22: LIC clocks record Rs 42K-cr profit from market
June 1, 2022 12:23 IST
The rise in profit came despite the stock market showing huge volatility during the financial year. LIC has been a contrarian player in the market.
LIC profit down 18.03 pc in Q4
May 31, 2022 03:26 IST
The board of directors has recommended a dividend of Rs 1.50 per equity share with face value of Rs 10 each for the year ended March 31, 2022.
LIC reports Q4 PAT at Rs 2,371.55 crore; approves Rs 1.50/share dividend
May 30, 2022 17:53 IST
LIC's net premium income for the March quarter stood at Rs 1.44 lakh crore vs 1.22 lakh crore, the company informed in an exchange filing.
Zilingo’s fired CEO Ankiti Bose responds to questions of mystery paymentsSubscriber Only
May 30, 2022 16:34 IST
In two interviews, before and after her dismissal, Bose denied wrongdoing and provided detailed responses to key points of the investigation. She said that, in the end, the company fired her for a lack of cooperation in the investigation rather than for actual financial improprieties. She’s determined to protect her reputation.
Can Paramount go it alone?Subscriber Only
May 30, 2022 15:24 IST
Paramount — with its collection of streaming services including Pluto TV and Showtime, in addition to Paramount+ — would keep going it alone.
‘Tata Motors to take over Ford’s Sanand plant’
May 30, 2022 03:00 IST
The benefits extended to Ford India for the Sanand plant would be enjoyed by Tata Motors as well, the sources confirmed. A formal agreement regarding the takeover is yet to be signed between the two companies. Both Tata Motors and Ford India declined to comment on the matter when FE reached out to them.
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