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  • Oil India plans net zero by 2040, to invest $2 billion in projects: Report September 08, 2023 03:48 PM IST

    Oil India plans net zero by 2040, to invest $2 billion in projects: Report

    The companies are investing billions of dollars in projects aimed at reducing emissions as one of the world’s biggest emitters of greenhouse gases, aims for zero by 2070.

  • Natco Pharma, others sued in US for generic cancer drug September 08, 2023 02:49 PM IST

    Natco Pharma, others sued in US for generic cancer drug

    The company believes this matter is without merit, Natco Pharma said in a statement.

  • Exide Industries invests over Rs 100 crore in advanced chemistry battery cells making arm September 08, 2023 11:13 AM IST

    Exide Industries invests over Rs 100 crore in advanced chemistry battery cells making arm

    In a regulatory filing, Exide Industries said it made the investment by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL) on a rights basis.

  • PM Modi to lay foundation stone for Rs 50,000 crore expansion project of BPCL refinery in MP September 08, 2023 11:02 AM IST

    PM Modi to lay foundation stone for Rs 50,000 crore expansion project of BPCL refinery in MP

    The refinery's capacity (crude distillation/vacuum distillation unit) is 7.7 million metric tonnes per annum and the expansion aims to take this figure to 11 MMTPA, Sagar Collector Deepak Arya told PTI.

  • Temasek leads $140 million Ola Electric funding at $5.4 billion valuation September 07, 2023 01:53 PM IST

    Temasek leads $140 million Ola Electric funding at $5.4 billion valuation

    The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up to $1 billion IPO planned for late 2023, said the first source.

  • HCLTech bags contract from Siemens to drive cloud-led digital transformation September 07, 2023 01:33 PM IST

    HCLTech bags contract from Siemens to drive cloud-led digital transformation

    According to a release, HCLTech will focus on automating the public cloud environment while adhering to Siemens' security standards.

  • Vedanta plans to meet investors as it faces $2 billion debt bill September 11, 2023 07:50 AM IST

    Vedanta plans to meet investors as it faces $2 billion debt bill

    The non-deal roadshow would take place as soon as this week, said some of the people, who asked not to be named because the matter is private. JPMorgan Chase & Co. and Standard Chartered Plc are helping to organize the event, according to others.

  • India's GAIL expects to source 20 to 25% of LNG on short-term or spot basis September 07, 2023 10:21 AM IST

    India's GAIL expects to source 20 to 25% of LNG on short-term or spot basis

    The rest will be via long-term contracts, Kumar told the Gastech industry conference in Singapore, adding that the company would tap spot markets to meet seasonal demand or volatility.

  • India's inclusive G20 presidency giving voice to many countries: Mahindra Group MD & CEO Anish Shah September 07, 2023 10:02 AM IST

    India's inclusive G20 presidency giving voice to many countries: Mahindra Group MD & CEO Anish Shah

    The power of India's G20 presidency is reflected in a series of comprehensive actions taken that will create solutions that can be taken across the world but going forward, the multi-nation forum will need to tackle global issues such as debt restructuring of countries in debt, high inflation and agreement on timelines for climate mitigation measures, he said.

  • TCS wins $1bn deal from Jaguar Land Rover September 06, 2023 05:43 PM IST

    TCS wins $1bn deal from Jaguar Land Rover

    JLR is a wholly-owned subsidiary of Tata Motors, in which Tata Sons is the largest shareholder.

  • Barclays has much at stake in the fintech future September 06, 2023 02:55 PM IST

    Barclays has much at stake in the fintech future

    Spending what is required to compete in payments will hold back profits today in exchange for a potentially bigger prize in future. Getting in a partner with deep pockets and tech knowhow could make the UK bank smarter and faster, but sacrifice a share of future earnings

  • Tata seeks control of Haldiram's, snack maker wants $10 billion valuation September 06, 2023 02:55 PM IST

    Tata seeks control of Haldiram's, snack maker wants $10 billion valuation

    Tata Consumer Products, which owns UK tea company Tetley and has a partnership with Starbucks in India, is negotiating the stake purchase, the sources said.

  • IndiaRF to acquire API, CRAMS business of Ind-Swift Laboratories for Rs 1,650 crore September 06, 2023 09:25 PM IST

    IndiaRF to acquire API, CRAMS business of Ind-Swift Laboratories for Rs 1,650 crore

    Equity value of the transaction is worth Rs 850 crore, considering an approximate debt of Rs 800 crore

  • IMAX’s India blockbuster: To surpass 2022 box office numbers, scope for 100 screens September 06, 2023 12:37 PM IST

    IMAX’s India blockbuster: To surpass 2022 box office numbers, scope for 100 screens

    Nine of the top 10 highest-grossing films in India for IMAX this year were Hollywood films. Christopher Nolan's Oppenheimer had the highest traction with over Rs 40 crore, followed by Avatar: The Way of Water.

  • Muthoot Finance – Has it turned the corner? September 07, 2023 11:20 AM IST

    Muthoot Finance – Has it turned the corner?

    Growth may resume but it will be accompanied with lower return ratios and a modest earnings trajectory

  • Jupiter Life Line Hospitals IPO: Can it make your healthcare portfolio come alive? September 07, 2023 11:18 AM IST

    Jupiter Life Line Hospitals IPO: Can it make your healthcare portfolio come alive?

    The IPO is perfectly priced. Long-term growth is supported by demand-supply gap in the company‘s focused region

  • New labour laws: Companies need to pay employees in case of more than 30 unused leaves September 05, 2023 04:17 PM IST

    New labour laws: Companies need to pay employees in case of more than 30 unused leaves

    According to the ‘Occupational Safety, Health and Working Conditions Code’ — one of the 4 labour laws, ’employee’ in this case means those who are not in managerial or supervisory roles.

  • India a priority market with limitless possibilities: Meta India head Sandhya Devanathan September 05, 2023 02:09 PM IST

    India a priority market with limitless possibilities: Meta India head Sandhya Devanathan

    Devanathan, who is the Vice President of Meta in India, also spoke of the company's determination to crack down on misinformation on the platform and outlined how it is harnessing AI (Artificial Intelligence) to pro-actively curb hateful content.

  • India raised stature of G20, gave recognition to its ability to influence people in the world: RC Bhargava September 05, 2023 01:18 PM IST

    India raised stature of G20, gave recognition to its ability to influence people in the world: RC Bhargava

    No other nation has taken the opportunity like India did to showcase its development, raise the profile of the country and also to use the G20 platform to make a lot of changes, and improvements in attitudinal differences in different parts of the country under the leadership of Prime Minister Narendra Modi, Bhargava told PTI.

  • Indian automakers must be vigilant about "alarming" inventory levels: Industry body September 05, 2023 12:48 PM IST

    Indian automakers must be vigilant about "alarming" inventory levels: Industry body

    The average inventory of passenger vehicles (PVs) at the end of August ranged from 58-63 days, up from 50-55 days in July and 30-35 days in August last year, the Federation of Automobile Dealers Association (FADA) said.

  • Tata Steel to pay Rs 314.70 crore as annual bonus to employees September 05, 2023 11:50 AM IST

    Tata Steel to pay Rs 314.70 crore as annual bonus to employees

    As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of the Company on account of annual bonus will be Rs 314.70 crore, the company said in a statement on Monday.

  • Paytm founder Vijay Shekhar Sharma says he’s looking for chances to raise stake September 05, 2023 10:00 AM IST

    Paytm founder Vijay Shekhar Sharma says he’s looking for chances to raise stake

    “There is never a day that I would not buy more equity in Paytm,” Sharma told Bloomberg News in an interview on Monday. “The single largest shareholder of Paytm is now an Indian, that is myself, and I believe this is definitely a key milestone.”

  • Paytm reports steady growth in payments and loan distribution business for August September 05, 2023 09:39 AM IST

    Paytm reports steady growth in payments and loan distribution business for August

    Paytm's Gross Merchandise Value for the quarter to date (for July and August) stood at Rs 3.0 Lakh crore ($36.3 billion) witnessing a year-on-year growth of 43 percent.

  • Uday Kotak sought to allay RBI concerns on succession with an early resignation September 05, 2023 08:17 AM IST

    Uday Kotak sought to allay RBI concerns on succession with an early resignation

    Uday Kotak, the country’s richest financier, resigned the same week the bank sent two names including his long-time lieutenant K V S Manian to the Reserve Bank of India as his potential successors, according to people familiar with the matter.

  • Escorts Kubota to increase tractor prices from September 16 September 04, 2023 07:42 PM IST

    Escorts Kubota to increase tractor prices from September 16

    The increase in prices would vary across models and geographies, Escorts Kubota informed the stock exchanges.