Page 54 - Companies

DRAM chip prices forecast to drop 13-18% in Q4 2022 amid stagnant demand

DRAM, or dynamic random-access memory, prices are estimated to post a quarterly decline of 13-18 per cent in the fourth quarter, steeper than the previous quarter, a report has said

Govt orders, private capex fuel KEC's order book by Rs 6,000 crore

The company reported Rs 23,716 crore of orderbook in the fiscal year ended March 2022, up by 18% over the previous year and plans to bid for Rs 1.1 trillion of orders, which are in the pipeline

Tata Steel to absorb 7 group companies, simplify holding structure

'Move would also drive synergies' and increase value for shareholders, says company

Reliance New Energy to acquire 20% stake in US-based Caelux for $12 mn

Caelux is a research and development-oriented company in perovskite-based solar technology. Its proprietary technology enables high-efficiency solar modules that can produce 20% more energy

RBI action has no impact on business, says M&M Financial Services

The RBI action of barring M&M Financial from outsourcing recovery agents comes after the Harazibagh incident where a pregnant woman was mowed down to death

Welspun bid for ABG Shipyard among highest for assets under liquidation

Gujarat govt welcomes the winning offer which could boost ship building activity under the new 2019 port policy

Tata Sons to offer stakes in Vistara to Singapore Airlines: Report

After the merger of Vistara and Air India, AI will become India's largest airline behind IndiGo

Exide to invest Rs 6,000 crore in setting up lithium-ion unit in Karnataka

Exide Industries expects an annual revenue of Rs 10,000 crore- Rs 12,000 crore in the next 8-10 years from the lithium-ion cell business

Gautam Adani and his fortune drivers deserve keener spotlight, scrutiny

The silent soldiers behind the world's second-biggest personal fortune are overdue their recognition. They also deserve some scrutiny

Top headlines: IPO disclosure norms, moonlighting, telecom bill, and more

From the provisions in the new telecom bill to Sebi coming up with disclosure norms for IPOs of new-age companies, here are the top headlines on Friday

SpiceJet says will hike salaries of senior pilots by 20% from October

The carrier earlier this week sent 80 pilots on leave without pay for three months to save costs

Crypto tax reporting app Binocs raises $4 mn in seed funding for expansion

Company enables crypto investors to manage accounting and compliance to local laws

From Windsors to Kochs and Tatas, 5 rules for family businesses to thrive

Family companies are repositories of family traditions and family loyalties

World's second-biggest fortune fails to halt rout in bonds of Adani firms

Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices

IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman

The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India

NCLT adjourns Bajaj Hindusthan bankruptcy petition to December 7

In an order dated September 14, the NCLT asked Bajaj Hindusthan to file a reply to the SBI petition in three weeks

FTC chair says will tighten orders as Twitter whistleblower exposes flaws

Federal Trade Commission Chair Lina Khan said her agency is taking a stronger approach to consent decrees compared to a 2011 deal with Twitter Inc. that was criticized in a whistle-blower's complaint

McLeod Russel India lenders likely to discuss Carbon Resources proposal

The contours of the proposal are like this: of an outstanding bank debt of Rs 1,650 crore, the upfront payment being offered is Rs 1,245 crore

Mother Dairy expecting 20% revenue growth in FY23 to Rs 15,000 cr

Delhi-NCR's leading milk supplier Mother Dairy is expecting 20 per cent growth in turnover this fiscal year to about Rs 15,000 crore on better demand for products, its MD Manish Bandlish said. The turnover of Mother Dairy, which also sells edible oils and fruits & vegetables, stood at Rs 12,500 crore in last fiscal year. "We are expecting 20 per cent growth this fiscal year in our turnover to reach around Rs 15,000 crore," Mother Dairy Fruits and Vegetables Pvt Ltd MD Manish Bandlish told PTI on the sidelines of IDF-World Dairy Summit held last week at Greater Noida. He said growth would be driven by both increase in volumes and values of its various dairy products. "We are witnessing strong demand for all our milk and other dairy products. Ice cream sales have grown significantly during summer," Bandlish noted. Ice cream sales were adversely affected during summers of 2020 and 2021 because of the pandemic-induced lockdowns. Last month, Mother Dairy increased milk prices by Rs 2

Shree Renuka Sugars to nearly double ethanol capacity; to invest Rs 700 cr

The 20% ethanol blending target has seen sugar sector majors betting on expanding the ethanol capacity; the sector could see an investment of about Rs 10,000 crore in the years ahead