Page 38 - Companies News
Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use
The Rajasthan-based miner will pay an interim dividend of 26 rupees per share totaling 109.9 billion rupees, according to an exchange filing Tuesday
 "Hindustan Zinc's $1.3 bn dividend plan raises concerns over cash use")
Adani Airports to bid for more airports to become leading operator: CEO
In the last round of airport privatisation by the government, Adani Airports won bids to operate six airports
 "Adani Airports to bid for more airports to become leading operator: CEO")
HCLTech launches service to help companies use metaverse for customers
Platform will serve financial services, telecom, manufacturing healthcare and other sectors
 "HCLTech launches service to help companies use metaverse for customers")
IFC to invest Rs 600 cr in Mahindra & Mahindra's new last-mile EV firm
The Rs 600 crore investment will result in an ownership of between 9.97 per cent to 13.64 per cent for IFC in NewCo.
 "IFC to invest Rs 600 cr in Mahindra & Mahindra's new last-mile EV firm")
BS VI phase 2: Hyundai joins peers, bids farewell to diesel engine sedans
Diesel engine vehicles have seen a steep hike in prices after the second phase of BS-VI norms was implemented by the government
 "BS VI phase 2: Hyundai joins peers, bids farewell to diesel engine sedans")
Ola to raise $300 mn to fund expansion of scooter, and battery cell plants
This fundraising will reduce the promoters' shareholding marginally from 40 per cent currently to 37-38 per cent
 "Ola to raise $300 mn to fund expansion of scooter, and battery cell plants")
Mahindra to raise up to $1.3 billion for its electric vehicle unit: Report
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of electric vehicle unit, Mint reported
Srei promoters dispute insolvency proceedings; next hearing on March 31
Government had suspended fresh insolvency proceedings through an ordinance in June 2020
 "Srei promoters dispute insolvency proceedings; next hearing on March 31")
CCI to set up in-house digital mkt data unit for regulating tech platforms
Jyoti Jindgar Bhanot, secretary of the CCI, emphasised on early intervention as a key to ensure that competitive landscape in digital markets is not distorted beyond repair
 "CCI to set up in-house digital mkt data unit for regulating tech platforms")
How Vartika Shukla, the first female leader at EIL, is plotting change
Shukla, who's worked for the company for more than three decades, is attempting to change its profile, branching out from construction of fossil-fuel plants into new areas
 "How Vartika Shukla, the first female leader at EIL, is plotting change")
Manmeet K Nanda appointed new managing director & CEO of Invest India
Nanda succeeds Deepak Bagla, who resigned from the post last week
 "Manmeet K Nanda appointed new managing director & CEO of Invest India")
Ola Electric to raise $300 mn for expansion plans to meet corporate needs
E-vehicle manufacturer Ola Electric is close to raising funds of around $300 million for its expansion plans and to meet other corporate needs, sources close to the company said
 "Ola Electric to raise $300 mn for expansion plans to meet corporate needs")
Discussions on at Tata Group to engage Gopinathan beyond Sept 15: Report
Tata Group sources said that there have been preliminary discussions between the two as the group needs reliable and experienced hands with its diversification into various technology domains
 "Discussions on at Tata Group to engage Gopinathan beyond Sept 15: Report")
India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY
Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes
 "India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY")
India eyes active role in designing global policies on 6G, satcom
PM to inaugurate International Telecom Union's first India office, release 6G vision document today
 "India eyes active role in designing global policies on 6G, satcom")
Tata Power Renewable Energy to set up 200 MW solar project in Maharashtra
Tata Power Renewable Energy Ltd (TPREL) said it has received a letter of award from MSEDCL to set up a 200 MW solar project in Solapur, Maharashtra
 "Tata Power Renewable Energy to set up 200 MW solar project in Maharashtra")
Power Finance Corp board approves plans to raise Rs 80,000 cr in FY24
State-owned Power Finance Corporation (PFC) on Tuesday said its board has approved raising up to Rs 80,000 crore through various financial instruments
 "Power Finance Corp board approves plans to raise Rs 80,000 cr in FY24")
Coal, crude oil spike lead port cargo charge in FY23, shows govt data
Growth in bulk segments, but grey clouds hover over container cargo
 "Coal, crude oil spike lead port cargo charge in FY23, shows govt data")
Air India's expansion plans stir tension over airline flying rights
Tensions over plans to transform AI into a global airline with hundreds of new jets rippled across aviation sector as foreign carriers clamoured for more access to the world's fastest-growing economy
 "Air India's expansion plans stir tension over airline flying rights")
Finolex Cables expects to more than double turnover to Rs 11,000 cr
Finolex Cables, which leads the electrical and communication cables segments, hopes to net Rs 500 crore in revenue from each of the five fast-moving consumer electrical segments it recently entered
 "Finolex Cables expects to more than double turnover to Rs 11,000 cr")
