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Hero Electric unveils new model; to launch in next quarter

New Delhi, Mar 1 (PTI) Hero Electric on Tuesday unveiled a new two-wheeler Hero Eddy for the domestic market.The electric scooter is easy to manoeuver product that strikes a perfect balance between technology and convenience to fulfil the need for short-distance commutes to next-door coffee shops, golf courses and gymnasium etc, the company said in [...]

MG Motor retail sales rise 5 pc in Feb

New Delhi, Mar 1 (PTI) MG Motor India on Tuesday said its retail sales increased 5 per cent year-on-year to 4,528 units in February.The automaker had retailed 4,329 units in February 2021."The demand remains robust as the company has garnered a healthy booking pace and is experiencing a promising growth momentum while working its way [...]

Parag Milk Foods hikes milk prices by Rs 2 per litre

New Delhi, Mar 1 (PTI) Dairy firm Parag Milk Foods Ltd on Tuesday said it has raised the price of the Gowardhan brand of cow milk by Rs 2 per litre with effect from March 1 due to rising input cost.On Monday, Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets milk and milk products under [...]

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda

New Delhi, Mar 1 (PTI) Fintech firm BharatPe's managing director Ashneer Grover has resigned minutes after receiving an upcoming board meeting agenda, which included consideration of action against him based on the report submitted by advisory firm PwC."Ashneer Grover resigned as Managing Director and from the Board Director of BharatPe minutes after receiving the agenda [...]

Power consumption grows 2.2 pc to 105.54 billion units in February

New Delhi, Mar 1 (PTI) India's power consumption growth remained subdued at 2.2 per cent year-on-year in February to 105.54 billion units (BU), showing the impact of local restrictions imposed by the states due to the third wave of COVID-19.Power consumption in February 2021 was 103.25 BU, a tad lower than 103.81 BU in the [...]

New CSR disclosure norm a positive step; brings in transparency, says HCL Foundation chief Nidhi Pundhir

New Delhi, Mar 1 (PTI) A detailed disclosure framework for Corporate Social Responsibility (CSR) spending by companies notified by the government is a "positive step" as it brings transparency, HCL Foundation Director Nidhi Pundhir has said.Speaking to PTI, Pundhir said HCL Foundation -- CSR arm of HCL Technologies -- had been disclosing the details of [...]

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Shell says it will exit Russian oil and gas investments, following a day after rival BP, reports AP. PTI RUP RUP

Future group gets NCLT approval to convene shareholder, creditors meetings over RIL deal

New Delhi, Feb 28 (PTI) Future group companies have received go-ahead from the National Company Law Tribunal to convene and conduct the meetings of their respective shareholders and creditors to seek their approval for Rs 24,713 crore deal with Reliance Retail. The development comes almost three days after Reliance Industries Ltd took over the operations [...]

Lam Research India signs MoU with IISc for sponsored fellowship program

New Delhi, Feb 28 (PTI) Semiconductor plant gear maker Lam Research India has signed a memorandum of understanding with CeNSE and the Indian Institute of Science, Bengaluru to offer a sponsored fellowship program for second-year Master of Technology (MTech) students, starting in the 2022-23 academic year. Lam India has been a part of CeNSE's (Centre [...]