Realty major DLF Ltd will launch two luxury housing projects worth Rs 15,000 crore in Gurugram during the second half of this financial year to expand its business amid strong demand for premium homes, its Managing Director Ashok Kumar Tyagi said. Tyagi said the company has set a target to reach sales bookings of Rs [...]
Tata Steel plans to scale up the usage of hydrogen in the steel-making process after the successful completion of the pilot project at its Jamshedpur plant, in Jharkhand, the company's CEO and MD T V Narendran said. At its steel factory in Jamshedpur, Jharkhand, Tata Steel started the first experiment of its sort in April [...]
BSE and the National Stock Exchange have imposed a fine of Rs 5.36 lakh each on state-owned Power Grid Corporation for not having the required number of independent directors including one woman on their board in the June quarter. "Company has received notices from National Stock Exchange of India (NSE) and BSE on August 21, [...]
Shares of Shoppers Stop tumbled 13 per cent on Friday after the resignation of its Managing Director & CEO Venugopal G Nair. The stock tanked 12.64 per cent to settle at Rs 708.85 apiece on the BSE. During the day, it fell by 13.56 per cent to Rs 701.35. On the NSE, it cracked 13 [...]
State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide a Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project -- a collaborative effort between PFC and DVC -- will contribute significantly [...]
JBM Auto is gearing up to participate in the recently announced scheme under which 10,000 electric buses will be deployed in 169 cities under the public-private partnership model, a top company official said on Friday. The company, which already has orders for 5,000 electric buses from across the country in its kitty, is looking to [...]
Renewable energy solutions are offered by Suzlon Energy Ltd (Suzlon). It provides thorough solutions that address every aspect of wind energy projects. The business offers full turnkey solutions, starting with design and ending with asset life-cycle management. Along with producing power, selling solar panels, and offering fully produced castings, forgings, and foundry parts, Suzlon also [...]
Aircraft MRO services provider Haveus Aerotech India on Friday said it has signed an initial pact with Hindustan Aeronautics Ltd for exploring business opportunities in the civil aviation sector both in the domestic and international markets. The memorandum of understanding (MoU) signed with HAL Accessories Division Lucknow (ADL), which is into manufacturing of aircraft systems [...]
JSW Group, which is in talks with MG Motor India to enter the EV space, is also working on a parallel plan to make its own electric vehicles, Chairman Sajjan Jindal said on Friday. Discussions are underway with MG Motor, Jindal said. "We are extremely serious about entering the EV space. MG would be our [...]
Helios Capital Asset Management (India) Private Ltd is making its foray into the mutual fund space with the filing of a scheme information document (SID) with markets regulator Sebi for an overnight fund. The company will launch the new scheme after getting approval from the Securities and Exchange Board of India (Sebi). Going by the [...]
