Tata Steel announced a total payout of Rs 314.70 crore on account of annual bonus to employees for the year 2022-2023 following the signing of a Memorandum of Settlement with Tata Workers’ Union (TWU) here. As per the Memorandum of Settlement the total payout for eligible employees of all applicable divisions of the Company on [...]
Automobile sector has seen growth across all segments, witnessing retail sales growth of 9% in August 2023, stated by FADA on Tuesday. The total retail sales across segments rose to 18,18,647 units last month, up 9%, from 16,74,162 units in August 2022. Combined retail sales across all segments increased to 1,818,647 units from 1,674,162 units [...]
On Monday, the manufacturer of specialized equipment for the defence industry, Maritronics India, a supplier of marine equipment and spare parts, made the announcement. The company, in a statement, said it is in the process of setting up its own manufacturing facility in Chennai, which is expected to start production in the next one year. [...]
An official statement said the state-owned NTPC will host a conference on "Green Hydrogen Pilots in India" on Tuesday. On Monday the Ministry of New Renewable Energy said in a statement that the conference will showcase various pilot projects on green hydrogen being implemented by both public and private sector companies of India. In the [...]
According to Executive Director Aakash Ohri of real estate giant DLF, it anticipates making roughly Rs 400 crore from the sales of 92 opulent independent floors that it will build on corner plots in Gurugram. The company is launching 92 standalone storeys on its several corner plots in Gurugram. These floors, which range in size [...]
In order to meet the changing needs of farmers, Mahindra Group's Swaraj Tractors announced on Monday that it has invested Rs 200 crore in the development of a new line of tractors in the 40–50 HP category. The company said the new products will eventually replace its current tractors in the category. Mahindra & Mahindra [...]
On Monday Co-working space operator EFC (I) Ltd said that it has entered into the Delhi-NCR market with the start of a new centre in Noida comprising a 65,000 square feet area. The new centre, which is situated in Noida's Sector 62, will house several brands, including Tata Capital and Virtuous Transactional Analyst. According to [...]
Gati, an Allcargo Group company, announced on Monday that it has teamed up with Tech Mahindra to create an application that will increase efficiency and open up new business options for the firm. The company said Tech Mahindra will enable Gati, over the next 18-24 months, to custom develop the software application -- Gati Enterprise [...]
On Monday, Muthoot FinCorp announced plans to issue non-convertible debentures (NCDs) to raise up to Rs 400 crore. According to a statement from the company, the issue is a part of the Rs 1,100 Cr debt-raising plan approved by the board. The base size of the issue is Rs 100 crore with a green shoe [...]
For its 2,880 MW Dibang multipurpose project in Arunachal Pradesh, state-owned BHEL said on Monday that it has received an order from NHPC. BHEL said in a statement, that the order for the electro-mechanical (E&M) work for the project has been bagged against stiff competition under international competitive bidding, It however did not share the [...]
