Maruti Suzuki India on Tuesday reported a 28 per cent rise in exports at 2,63,068 units in 2022, its highest ever overseas shipments. The company's previous highest exports was achieved in 2021 with 2,05,450 units. The highest exported models in 2022 were Dzire, Swift, S-Presso, Baleno and Brezza, the company said in a statement. "Crossing [...]
Public-private partnership in port infrastructure has been an important source of investment in the sector and the Ministry of Ports, Shipping and Waterways (MoPSW) has a pipeline of 44 projects for total investment of Rs 22,900 crore till 2024-25, Union Minister Sarbananda Sonowal said on Tuesday. Moreover, the government is working on the guidelines for [...]
Prices of refrigerators are likely to increase by up to 5 per cent as the revised norms of the Bureau of Energy Efficiency (BEE) have become applicable from January 1 this year. According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 per cent [...]
The Indian Performing Right Society (IPRS) Ltd has moved the insolvency tribunal NCLT against Zee Entertainment Enterprise Ltd, claiming a default of Rs 211.41 crore, the media major said in a regulatory filing. However, Zee Entertainment Enterprise Ltd (ZEEL) added that it "will be filing its reply rejecting the claim on, inter alia, the ground [...]
Vedanta group firm Hindustan Zinc on Monday said its mined metal output registered a marginal rise of one per cent to 2,54,000 tonnes in the third quarter of the current fiscal. The company's mined metal production was 2,52,000 tonnes in the year-ago period. In a statement, the company said that the mined metal production stood at [...]
Grounded carrier Jet Airways on Monday said Sanjiv Kapoor remains the CEO-designate of the company till the airline's ownership is transferred to the consortium by the lenders. Earlier CNBCTV18 reported that the head of the Jet Airways management committee and erstwhile Resolution Professional Ashish Chhawchharia in a notice to Kapoor has asked him to refrain [...]
Food and grocery delivery platform Swiggy has reported a widening of its net loss to Rs 3,628.9 crore for FY22. The company had posted a net loss of Rs 1,616.9 crore in the previous fiscal. According to the financial data accessed by the business intelligence platform Tofler, the company's revenue from operations stood at Rs [...]
Hinduja Leyland Finance, a non-banking financial entity and a subsidiary of heavy commercial vehicles-maker Ashok Leyland, on Monday announced the revision in ratings by CARE Ratings. CARE has upgraded the long-term rating of the company to 'AA' (double A). "This rating applies to long-term bank loan facilities, non-convertible debentures, market-linked debentures and subordinated debt," said [...]
The Aam Aadmi Party (AAP) on Monday accused the Maharashtra government of conspiring to hand over state-run electricity distribution company Mahavitaran to the private conglomerate Adani group. The Arvind Kejriwal-led outfit fully supports the proposed strike on January 4 called by a section of state electricity workers in Mumbai, Thane, Nashik, Raigad and other districts [...]
Payments through the Unified Payments Interface (UPI) touched a record high of Rs 12.82 lakh crore in December. During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016. "UPI has made major contribution in ushering digital payment revolution in the country. In December 2022, UPI has [...]
