Page 18 - Companies News

REC opens bids for dollar-denominated bonds with initial price guidance

The book-building process would go through the day, when the final coupon rate and quantum would be closed, merchant bankers said

SpiceJet hives off cargo and logistics biz into separate entity from Apr 1

The decision to hive off SpiceXpress is in sync with the company's long-term business plan and will unlock significant valuation of the logistic business, SpiceJet Ltd Chairman Ajay Singh said

Nestle to Tata, big FMCG firms race to acquire maker of Ching's Secret

Last year, Capital Food's three main shareholders decided to put their stake up for sale, it is expected to fetch them $1-1.25 billion

Reliance, Tatas, nine others get Rs 14,000-crore solar PLI approval

Unlike the first round, this phase of solar PLI has three schemes

Tesla sets record with 422,875 car deliveries after slashing EV prices

Tesla Inc. delivered 422,875 cars worldwide in the first quarter, setting a record after it cut prices to appeal to consumers buffeted by rising interest rates and faster inflation

India Inc planning to increase capex, hire more in FY24: BS Poll

Most top executives appear to be upbeat about sales and profit

NCLAT order in Android matter will resonate globally on abuse of dominance

The National Company Law Appellate Tribunal (NCLAT) order has set the foundation for the twin vision of Make In India and startup growth, Venkataraman told PTI in an interview here

India not prepared for full force of artificial intelligence adoption

Only 11% of jobs in India can be automated against global average of 18%, says Goldman Sachs' assessment of 30 countries

Adani share block deal aids FPI investment in equities turn positive in Mar

After pulling out funds in the past two months, Foreign investors have invested Rs 7,936 cr in the Indian equities in March mainly driven by bulk investment in the Adani Group companies

UBS likely to cut workforce by 20-30% after Credit Suisse takeover

That number of predicted layoffs dwarfs the 9,000 job cuts that Credit Suisse announced before its rescue by UBS last month

Amul revenue grew by 18.5% in FY23 to Rs 55,055 cr on better demand

In a statement, the Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF) said it has registered a provisional turnover of Rs 55,055 crore for the financial year 2022-23

GCMMF turnover up 18% in FY23 to Rs 55,055 cr, eyes trillion rupees by 2025

GCMMF plans to achieve sales turnover of Rs. 1,00,000 crores by 2025

Google faces $4.2 bn advertising lawsuit by publishers for lost revenue

The claim was brought by former UK's communications regulator Ofcom director Claudio Pollack, who is seeking damages of up to 13.6 billion pounds from Google, the report mentioned

DVC registers 'highest' power generation at 43.32 bn units in FY23

It also registered a robust 29 per cent growth in power sales to Rs 24,432 crore in 2022-23 over the preceding fiscal, aided by tariff revision and a central scheme, they said

Two-wheeler maker Suzuki Motorcycle sales jump 49% to 97,584 units in March

The company sold 73,069 units in the domestic market and exported 24,515 units in the previous month, Suzuki Motorcycle India Pvt Ltd (SIMPL) said in the statement

Tech layoffs, economic slowdown hampers office space demand in India

Global economic slowdown, tech layoffs and hybrid work have impacted gross leasing of office space in India, as flexible office space providers share reached almost at par with traditional companies

COAI bats for industrial electricity tariff rates for telecom infra

Telcos' body COAI has made a strong plea that the telecom sector be charged industrial tariffs for electricity and not commercial rates

Steel, power cos bag major slice of blocks auctioned in 6th coal auctions

Steel, power and cement companies have bagged a sizable number of blocks auctioned under the sixth round of commercial coal auctions

IBA makes a case for biogas plants in PPP mode at landfill sites in Delhi

Indian Biogas Association has urged the Delhi govt to set up biogas plants under the public-private-partnership model at landfill sites in the national capital

CCL registers record output at 76.09 mt in FY'23, logs 11% growth

Central Coalfields Limited, a Coal India subsidiary, has posted a record output of 76.09 million tonne (MT) in 2022-23 fiscal, registering 11 per cent growth over the previous fiscal's production