Page 30 - Companies News

Consumer, tyre companies wait for crude derivative prices to ease

The firms also say that while crude oil prices have cooled off, they must sustain at current levels for actual impact to be seen on manufacturing operations

CoC stares at liquidation as IIHL, Torrent pause bidding for next round

Reliance Capital's lenders move to conduct a second round of auction is facing difficulties as the bidders are not said to be keen on another round under the insolvency resolution

RCap lenders in a fix as Hindujas retract revised Rs 8,950-crore offer

The revised Hinduja stand has put Indian lenders, with an exposure of Rs 24,000 crore, in a spot as it was the Hindujas offer which led to a call for second auction and litigation by the other bidder

Specialty scale-up, product mix: Sun's medicine cabinet piques brokerages

In the near term, higher R&D costs and a recent acquisition to weigh on earnings growth

Akasa Air launches two new flights from Lucknow to Goa, Ahmedabad

To offer seamless connectivity to the passengers flying out of Chaudhary Charan Singh International Airport (CCSIA) here, Akasa Air on Sunday launched two flights to Goa and Ahmedabad

Billionaire mining tycoon Anil Agarwal fights to clear Vedanta's debt

Vedanta's quest to raise cash comes during a rocky time for India's business elite. Highly leveraged conglomerates are under increased scrutiny after a short seller accused Gautam Adani

Steelmakers press for higher auto contract prices after three quarters

Spot steel prices have been rising both globally and at home since December; a hike of over 12% in the domestic market would have been the basis of negotiations for the upcoming contracts

Paytm gets extension from RBI for resubmission of PA license application

RBI says firm can continue with its online payment aggregation business while it awaits Centre's nod for investments from its parent firm One97 Communication into Paytm Payments Services Ltd

Social commerce the way to tap growing online buyers from smaller towns

Indian e-commerce was worth $83 bn in 2022, will likely grow to $185 bn in 2026, propelled by deeper internet penetration and digital payments

OneWeb offering can match mobile services rates of west, not India: Mittal

Satellite communication service provider OneWeb is able to match mobile services rates of western countries but its prices can't be at par with the "extremely low" tariff in India

Technical issues at Lufthansa delay operations at Frankfurt airport

Lufthansa's operations were disrupted on Sunday at Frankfurt airport because of technical problems, German news agency dpa reported.

Crompton Greaves Consumer Electricals announces merger with Butterfly

Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business

Akasa wants to be nimble, efficient rather than have a label: CEO Dube

In an interview with PTI, Dube said the airline is in its early stages, but "if someone has got 19 aircraft, is that a startup or is that not a startup?"

Bharti-backed OneWeb's 36 satellites successfully launched from Sriharikota

This is OneWeb's 18th launch and third this year. With this its overall constellation count has gone up to 618 satellites

Korean fund house Mirae Asset eyes Rs 1.5 trillion AUM by December

Mirae Asset Investment Managers India hopes to close the current year with an AUM of Rs 1.5 trn, up from Rs 1.20 trn in December 2022, on the back of aggressive growth

Lexus India looks to expand customer base to de-risk biz; expand sales

Luxury carmaker Lexus is looking to expand its customer base in India, enhance sales infrastructure as part of its strategy to grow sales in the country

From soft drinks to soaps, Ambani's Reliance unveils big price war plan

After stirring a price war in the soft drink segment with the relaunch of Campa, billionaire Mukesh Ambani-led Reliance has entered the personal and home care segment of FMCG, offering products

Zydus recalls over 55k bottles of generic drug used to treat gout in US

Drug firm Zydus Lifesciences is recalling over 55,000 bottles of generic medication in the US market due to failed impurities specifications

Rlys order for supply of seats for Vande Bharat, not for coaches: Tata

The order placed by the Railways is for the supply of seats and interior panels for Vande Bharat trains and not to manufacture its coaches, a Tata Steel official has clarified

RevFin targets financing 2 million electric vehicles in next 5 years

Electric vehicles (EV) financing digital platform RevFin Services is targeting to finance 2 million vehicles in the next five years, with an aim to grow three to four times every year