Page 1968 - Company News

Tata Steel buys coal from Russia weeks after vowing to cut ties: Report

Tata Steel bought 75,000 tonnes of Russian coal in May; company pledged to cut business ties with Russia in April; Tata Steel says coal import deal struck before April decision

Vodafone Idea board to consider Rs 500-cr fundraising on Wednesday

The infusion, the second in two months, comes ahead of the 5G spectrum auction that will see Indian telecom companies battle for airwaves in multiple bands

About 50% of Ford's Chennai employees agree to restart production: Official

Unions refute claim, say only 350-odd employees are heading back to shopfloor

Kotak Investment Advisors, AIDA form $590 mn realty fund for office spaces

This is Kotak Investment Advisors's 12th real estate fund and with it, the firm has so far raised, managed, or advised over $2.8 billion under its real estate fund series

How the Japanese Yen's troubles are bringing a smile to Maruti Suzuki

Typically, the value of imports, which are in yen, is 7-8 per cent of the company's annual revenue

Vedanta Ltd invites EoI to sell Sterlite Copper plant in Thoothukudi

Exploring options to ensure plant and assets are best utilised, says company

Air India prepares one of the largest aircraft deals in aviation history

Air India is looking to buy as many as 300 jets, which may be Airbus SE's A320neo family jets or Boeing Co.'s 737 Max models, or a mix of both

Morgan Stanley Investment Funds offloads Rs 105-cr shares of Happiest Minds

The shares were disposed of at an average price of Rs 800 apiece, valuing the transaction to Rs 105.12 crore

Pidilite Industries stock gains on sales growth, margin recovery hopes

Easing raw material prices are a key trigger for the adhesive market leader

Sebi imposes Rs 30 lakh fine on RIL and two of its compliance officers

Sebi said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the Facebook investment that led to a spike in RIL shares

Will Amazon be able to overcome challenges to its expansion plans in India?

A tougher global e-commerce environment and repeated policy and regulation problems are raising questions about the company's India expansion plans

Air India's best years have yet to come: CEO-designate Campbell Wilson

Former CEO of no-frills carrier Scoot visits Air India's Delhi office; will take charge formally after completion of formalities

Marzin R Shroff to step down as MD & CEO of Eureka Forbes in August

Will move to a new role as a senior advisor to both Eureka Forbes and Advent International

IDBI Bank puts properties of Great India Tamasha Company on sale

According to a public notice issued by IDBI Bank, the immovable properties, which will be sold through e-auction next month, are located in Karnataka's Kodagu district

BSES to install 5 mn smart meters across Delhi in country's largest rollout

Floats tender worth Rs 4,000 crore to procure the meters; installation to start by October

Telcos flag concerns about captive network issue ahead of 5G auction

The auction related pre-bid conference was attended by telecom operators Reliance Jio, Bharti Airtel and Vodafone Idea

DBS Bank India acquires 9.9% in NBFC Svakarma Finance for undisclosed sum

DBS Bank India said the stake buy in Svakarma will help in delivering relevant financial solutions to the micro-enterprises through a combination of direct lending and co-lending

Auto ancillaries' revenue may grow 8%-10% in FY23 on stable demand: Icra

The revenues are expected to grow 8-10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, Icra said.

Kamdhenu demerges paints biz; to list new entity Kamdhenu Ventures in Q2

Post demerger, Kamdhenu Ltd will continue to focus on steel business, while Kamdhenu Ventures Limited will expand the paints business

Imposing duty on steel items a knee-jerk action for industry: ISSDA chief

The government's objective behind the move was to cool down steel prices. However, the prices anyway had started showing a downward trend, the industry expert said.