Companies

March 20, 2024 02:03 PM IST

Radisson Hotel Group appoints Nikhil Sharma as MD for South Asia

In his new role, Sharma will lead Radisson Hotel Group's operations in the dynamic South Asia region, which has over 165 hotels in operation and development.

JSW Group announces JV with China MG Motor, aims to launch a new product every 3-6 months

The venture plans to foray into the premium passenger vehicle segment, the companies said in a joint statement.

India’s aviation boom could support more hubs: Air India CEO Campbell Wilson

Air India last year signed one of the largest-ever jet purchases in aviation history, ordering 470 aircraft from Airbus SE and Boeing Co. The world’s most-populous nation is characterized by a booming consumer class and economic growth that could transform it into one of the world’s largest travel markets.

Coforge: Why the stock consolidation presents a long-term opportunity

Growth is strong amid challenges, order inflows are robust, and margin is rising

Top Canadian pension funds invest $438 million in Indian highways trust, boost infra bets

In the trust backed by the Indian government for developing national highways, the Canada Pension Plan Investment Board and the Ontario Teachers' Pension Plan Board invested C$297 million and C$298 million, respectively, the funds said in separate statements on Tuesday and Wednesday.

HUL evaluating options for ice cream business following Unilever's global separation plan

The ice cream business has a different business model which includes - a cold-chain go-to-market operating model, seasonality, and a different innovation rhythm compared to the rest of Unilever's business, the spokesperson added.

BPCL signs 4-month US oil purchase deal with BP: Report

BPCL would start taking delivery of the oil from June, they said.

HDFC Bank closes $1.15 billion stake sale in HDFC Credila

The deal, announced in June last year, was part of mandated regulatory requirements before the completion of mortgage lender Housing Development Finance Corp's merger with HDFC Bank.

Indian infra lender considers bond sale to raise up to $4.8 billion

NaBFID, as the institution is called, is likely to sell bonds with tenors spanning from 10 to 20 years in the financial year starting April 1, the people said, asking not be identified because the details are private.

Local production of EVs a work in progress: Audi India Head

The automaker currently imports its entire EV range comprising Q8 50 e-tron, Q8 55 e-tron, Q8 Sportback 50 e-tron, Q8 Sportback 55 e-tron, e-tron GT, and RS e-tron GT, into the country.

Inox Green Energy Services arm bags Rs 40 crore order to restore wind turbine generators

The scope of the contract comprises supplies of materials/spares and other activities for the restoration of 33 WTGs within a period of eight months, with a revenue realisation of Rs 39.5 crore (inclusive of taxes) during the contract period, a company statement said.

BHEL bags 1,600 MW thermal project order from NTPC

The plant will be set up adjacent to the existing 2,000 MW thermal power station (TPS) at Singrauli in Sonbhadra district of Uttar Pradesh, BHEL said in a statement.

WeWork India enters Chennai to open 2,000-seater coworking centre in June

In a statement, Bengaluru-based WeWork India said, it has taken on lease over 1,30,000 square feet of office space in the commercial building 'Olympia Cyberspace' developed by Olympia Group.

SpiceJet promoter Ajay Singh raises bid for Go First following banks' nudge: Report

The consortium, which includes budget carrier SpiceJet's managing director Ajay Singh and Busy Bee Airways, increased the bid amount between 1 billion rupees ($12.06 million) and 1.5 billion rupees, one of the sources said. The original bid amount stood at 16 billion rupees.

Ashok Leyland, Minus Zero partner to deploy autonomous trucking solutions

Bengaluru-based Minus Zero is an autonomous driving technology startup and this partnership aims to revolutionise commercial trucking through autonomous solutions at scale.

Sun Pharma gets regulatory nod in Australia for acne treatment cream

The approval is for Winlevi (clascoterone cream 1 per cent), which is indicated for the topical treatment of acne vulgaris in patients 12 years of age and older, the company said in a statement.

Deccan Cements -- A capex driven compelling growth story

Earnings trajectory could turn more favourable once the new plant commences commercial operations

Govt proposes exempting certain M&A deals from Competition Commission approval requirement

New Delhi, Mar 18 The government has proposed exempting intra-group transactions and certain other mergers and acquisitions from the requirement of Com..

IT sector to see 3-5% growth in FY25, hiring to be muted: Icra

ANZ CEO looks for India, China growth as focus shifts

Most of the Australian bank’s business across Asia Pacific is through its institutional bank, and the international return-on-equity has grown to mid-teens, up from around 3% when Elliott became CEO more than eight years ago, he said. In mainland China, where ANZ has about 300 people, he expects the business to keep growing.

BAT starts $2 billion buyback following its ITC stake sale

The maker of Lucky Strike cigarettes, Vuse vapes and Velo nicotine pouches said Monday that net proceeds of the ITC stake sale totaled £1.57 billion and that it will buy back as much as £1.6 billion of its own shares this year and next.

Equitas Small Finance Bank – Is there an opportunity in the underperformance?

The stock price will be driven by the twin engines of earnings and possible valuation rerating

Venus Remedies gets marketing authorisations for three cancer drugs from Ukraine

Its total volume of exports to Ukraine stands at USD 2.20 million. By strengthening its product portfolio in Ukraine, the company aims to increase this figure by 20 per cent in the next one year, a company statement said.

Gensol Engineering sets up 160 MW solar project in Gujarat at Rs 128 crore

The company has set up the ground-mounted project for Continuum Green Energy on engineering, procurement, and construction (EPC) basis, it said in a regulatory filing.

Warehouse developers bet on India as companies look beyond China

"It is one of the most wanted places in India for European and American companies," said S. Raghuraman, an official of the Greenbase industrial park, near plants run by Apple supplier Foxconn and truckmaker Daimler.