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COMPANIES NEWS - Page 67
Many scenarios, similar outcome: Tuticorin plant may not restart, say expertsSubscriber Only
July 28, 2022 14:34 IST
The offer includes the sale of the copper smelter complex, sulphuric and phosphoric acid plants, copper refinery, a captive power plant and a residential colony, among other associated infrastructure.
Maruti Suzuki sales up 6% in June at 1,55,857 units
July 3, 2022 07:42 IST
Sales of mini cars, comprising Alto and S-Presso, declined to 14,442 units, compared to 17,439 units in the same month last year.
Tata Motors sales up 82% in June
July 1, 2022 17:06 IST
Commercial vehicle (CV) sales in the domestic market stood at 34,409 units last month against 19,594 units in June 2021, a growth of 76 per cent, Tata Motors said.
JB Chemicals gets board approval to acquire Dr Reddy’s 4 brands
June 30, 2022 14:42 IST
JB Chemicals & Pharmaceuticals has inked a pact with Dr Reddy's Laboratories to acquire four of its brands -- Z&D, Pedicloryl, Pecef and Ezinapi -- for the India market
Comply by July 4 or lose status as intermediary: Govt to Twitter
June 30, 2022 05:06 IST
In a missive sent on Monday, the Ministry warned that if content flagged by it is not taken down by the microblogging platform, the company will risk losing its immunity as an intermediary.
Ruchi Soya Industries Ltd now becomes Patanjali Foods Ltd
June 28, 2022 18:29 IST
Ruchi Soya Industries Ltd is now Patanjali Foods Ltd. Ruchi Soya was purchased by Baba Ramdev-led Patanjali Ayurved for Rs 4,350 crore through an insolvency process in 2019.
Mukesh Ambani passes on the Reliance Jio mantle to Akash
June 29, 2022 06:34 IST
The elevation of Akash follows the resignation of Mukesh Ambani as Director of the company with effect from June 27.
Maruti Suzuki bets on hybrids over EVs in clean shiftSubscriber Only
June 28, 2022 07:06 IST
India’s shift to electric vehicles is also much slower than other major markets like China and the US even though Prime Minister Narendra Modi has committed to making the South Asian nation a net-zero carbon emitting one by 2070.
SBI, other PSU banks commit Rs 6,071 crore to Adani Group for copper biz
June 28, 2022 07:06 IST
Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), is setting up a greenfield copper refinery project for production of refined copper with 1 million tonnes per annum in two phases
Shareholders reject reappointment of Dish TV MD
June 25, 2022 03:02 IST
However, Goel would remain a non-executive director of the company and Dua the chief executive officer, the company said in a stock exchange filing.
Adani family to donate Rs 60K crore; focus on health, education, skill
June 25, 2022 00:44 IST
The donation, Adani group said, will help “enhance the competence and competitiveness of our future workforce”
Small businesses can avail up to 60% discount on stay in OYO hotels from June 27-July 3
June 24, 2022 18:47 IST
The scheme, available for small and medium scale businesses, is being offered on the occasion of World MSME Day, the OYO said in a statement.
Bajaj Auto launches all-black variant of Pulsar 250
June 24, 2022 18:37 IST
The company also said that it has delivered 10,000 units in less than six months of the bike's launch, which is an achievement for any 250-cc segment motorcycle in the post-BS VI era.
Toyota, Suzuki to deepen partnership for production, net-zero commitments in India
June 24, 2022 17:30 IST
Under the initiative, the two companies will start production of a new SUV developed by Suzuki at Toyota Kirloskar Motor (TKM) from August this year, they said in a joint statement.
Inflation continues to remain a key monitorable in the near term, says ITC
June 23, 2022 17:22 IST
The COVID pandemic, extraordinary inflationary challenges, and geopolitical concerns increased uncertainty and volatility, as all contributed to company's operating environment's "extremely challenging" status in FY22, says ITC.
Nexon EV fire incident: Tata Motors says detailed investigation underway
June 23, 2022 20:23 IST
Responding to the incident that has been widely shared on social media, Tata Motors in a statement said, "A detailed investigation is currently being conducted to ascertain the facts of the recent isolated thermal incident that is doing the rounds on social media."
Vodafone Idea defers Rs 8,837 crore AGR dues payment, gets option to pay interest via equity
June 23, 2022 13:29 IST
The company in a late night filing on June 22, said that the DoT on June 15, has raised adjusted gross revenue (AGR) demand for additional two financial years beyond 2016-17, which were not covered under the Supreme court order on the statutory dues.
Uber is said to have explored a sale of Indian ride-hailing arm: ReportSubscriber Only
June 23, 2022 12:06 IST
Uber and its local-rival Ola had been struggling to eke out a profit in a rapidly growing but price-sensitive market, where constant driver attrition was pressuring margins.
To cut ‘downsides’, Google bats for ‘narrowly tailored’ data localisationSubscriber Only
June 23, 2022 03:20 IST
Google is not the only one that seems to have reservations about local storage requirements, a key part of India’s proposed data protection framework.
BPCL halves crude runs at Mumbai refinery; plans repairs at other plants
June 22, 2022 21:48 IST
BPCL plans to shut a 210,000 bpd crude unit and secondary units including fluid catalytic cracking, vacuum gas oil hydro-treater, diesel hydro-treater, sulphur recovery and hydrogen generation units at its Kochi refinery for 25 to 30 days in September-October.
ITC FMCG business’ annual consumer spend over Rs 24,000 cr in FY22
June 22, 2022 21:45 IST
ITC portfolio of "over 25 world-class Indian brands, largely built through an organic growth strategy in a relatively short period of time, represents an annual consumer spend of over Rs 24,000 crore and reach over 200 million households in India," the annual report said.
IKEA India to source more products locally to tackle rising inflation
June 22, 2022 17:51 IST
IKEA India intends to target the developing middle class in the country by sourcing more goods locally in an attempt to fight inflation. After four years on the Indian market, the furniture manufacturer launched its fourth store in Bengaluru, making a significant bet on home goods.
Operating profit growth of listed firms decelerated in Q4 of FY22: RBI data
June 22, 2022 16:36 IST
The operating profit of manufacturing companies fell sharply to 7% in the fourth quarter of the previous fiscal year, according to data from the RBI released for the fourth quarter (Q4) of 2021–22.
Britannia to strengthen cake portfolio, work on regional flavors in biscuits
June 22, 2022 08:04 IST
Britannia Industries plans to capitalise on opportunities in the cake category by releasing new goods, premiumising, and expanding its core cake portfolio at reasonable pricing points. It also intends to "incubate the 'fresh business' through the launch of several items under the 'Come Alive' brand, such as dahi, paneer, greek yogurt, and smoothies."
Kellogg to split into three companies, focus on snacks, cereals and plant-based food
June 21, 2022 17:59 IST
Kellogg's which also owns and MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet to be named cereal and plant-based foods companies should be completed by the end of next year.
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