Page 8 - Companies News

NTPC coal output rises 65% year-on-year to 23 million tonnes in FY23

State-owned power giant NTPC on Sunday said its captive coal mines have registered 65 per cent year-on-year production growth to over 23 million tonnes in FY23

GAIL Gas Ltd announces reduction in prices of CNG, PNG by upto Rs 7

GAIL Gas Ltd on Sunday announced a reduction of up to Rs 7 in the prices of CNG and piped cooking gas following a reduction in input gas price

Adani Total, Torrent Gas reduce CNG, PNG price after Centre revise prices

In a respite to lakhs of domestic gas and CNG vehicle owners, Adani Total Gas Ltd and Torrent Gas reduced CNG and PNG prices

NBFC firm REC raises $750 million through issuance of green bonds

State-owned non-banking finance firm REC Ltd on Saturday said it has raised $750 million (about Rs 6,138 crore) through issuance of green bonds

Macrotech adds 12 land parcels in FY23 to build new projects to meet demand

Realty firm Macrotech Developers has added 12 land parcels for the development last fiscal, with an estimated revenue potential of nearly Rs 20,000 crore

Healthtech platform Practo lays off 41 employees, mostly engineers

The company said in a statement that upholding a high bar for performance and productivity is crucial to maintaining this level of growth

UltraTech uses LNG trucks to transport cement as part of ESG initiative

UltraTech is making strides in its commitment to sustainability and decarbonisation of its operations with this second deployment of GreenLine's LNG-powered fleet of trucks

Adani Gas reduces prices of CNG by Rs 8.13/kg, PNG by Rs 5.06/scm

ATGL also announced a reduction in PNG prices for Industrial and Commercial Consumers by Rs 3.0 per scm its geographical areas (GAs)

Temasek buys majority stake in Manipal Health in largest wellness deal

Takes stake from promoters, TPG, NIIF at Rs 40,000 crore enterprise value

ZestMoney laying off 100 employees after deal with PhonePe fails

PhonePe in talks with BNPL firm to hire some staff left after acquisition talks fail

Vedanta-Foxconn likely to get conditional approval for fab plant

But Foxconn, the largest EMS player in the world, buys over $40 billion worth of semiconductor chips annually for its customers

OMC marketing earnings expected to rise in fourth quarter, say analysts

Blended marketing margins rose to a 10-month high of about Rs 2.5 per litre in December, multiple analysts said

SBI loan fraud: SC permits bank to respond to reply of pvt firm chairperson

The Supreme Court has permitted SBI to file a rejoinder to the reply of Suman Vijay Gupta, a citizen of the Dominican Republic and chairperson of a Mumbai-based private company

HMSI recalls around 2K CB300R bike units due to manufacturing fault

Honda Motorcycle & Scooter India on Friday said it is recalling around 2,000 CB300R bike units due to a manufacturing fault in the right crankcase cover of the engine.

Adani Wilmar clocks 14% growth in volume in FY23; revenue at Rs 55,000 cr

Adani Wilmar, which is into edible oil and other food businesses, said it achieved nearly 14 per cent growth in volume in the last fiscal, helping the company's revenue to cross Rs 55,000 cr

Reliance Capital resolution process deadline likely to be extended again

Deadline for resolution process ends on April 16; matter goes under litigation as one bidder moves court

Planning to buy Innova Hycross? Toyota temporarily halts bookings

'We deeply regret to announce the temporary halt of bookings for top-end grades of Innova Hycross (ZX and ZX (O) only, with effect from April 8, 2023,' the automaker said

Backed by big deals, GIC ahead of western peers in office properties

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

Hindustan Aeronautics launches third assembly line of Tejas jets

HAL also proposes to remove 300 kg of dead weight distributed across the Mark I to balance the fighter evenly

Perfetti Van Melle India not impacted by slowdown in FMCG demand, says MD

Firm says bulk of its revenue came from the one-rupee price point, which is largely immune to an economic slowdown