Tata Motors on Friday said it will increase prices of its passenger vehicles from May 1 to partially offset increase in input costs. The weighted average increase will be 0.6 per cent, depending on the variant and model, Tata Motors said in a statement. This will be the second price hike by the company for [...]
Akshata Murty, the wife of Britain's Prime Minister Rishi Sunak, stands to earn Rs 68.17 crore in dividend income from her shareholding in India's second-largest IT firm Infosys. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares of Infosys at the end of December, according to company filings with the stock exchanges. Infosys [...]
Leading broadcaster Viacom18 on Thursday said it has completed the transaction for strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global. Following the approval of the scheme of merger of Reliance Storage Ltd with Viacom18 by the Mumbai bench of the National Company Law Tribunal, the broadcaster has allotted shares to Bodhi Tree Systems [...]
The construction of national highways in 2022-23 was 10,993 kilometres, falling 13.70 per cent short of the government's target of 12,500 km, according to the Ministry of Road Transport and Highways (MoRTH) latest data. The ministry awarded highways of 12,375 km length in the last financial year. While the pace of the construction of national [...]
The Securities Appellate Tribunal (SAT) has slashed the penalty imposed on the former MD of Maars Software International to Rs 10 lakh from Rs 1 crore in a case related to manipulation in the issuance of global depository receipts. Maars Software International Ltd (MSIL) came out with a global depository receipts (GDRs) issue on August [...]
The committee of directors of mining giant Vedanta Ltd has approved a proposal to raise up to Rs 2,100 crore by issuing non-convertible debentures (NCDs). The proposal was approved on Thursday during a meeting of its Committee of Directors, Vedanta Ltd said in a regulatory filing. "Committee of Directors... on April 13, 2023, considered and [...]
State-owned power giant NTPC's arm NTPC Green Energy Ltd (NGEL) is planning to raise funds through an initial public offering this fiscal, according to a source. NGEL is a fully-owned subsidiary of NTPC. Earlier, it had planned to sell 20 per cent of the NTPC's stake in NGEL to a strategic investor for Rs 3,000 [...]
The Central government will focus on strengthening the Vizag Steel Plant (VSP) for the moment rather than privatising it, Union Minister of State for Steel, Faggan Singh Kulaste said here on Thursday. He made this announcement on the sidelines of handing over appointment letters under Rozgar Mela. "As on date, we don’t have any plan [...]
Air India will start TaxiBot operations for its A320 aircraft fleet at Delhi and Bengaluru airports, a move that has the potential to save up to 15,000 tonnes of jet fuel over three years. The airline has entered into an agreement with KSU Aviation to launch the TaxiBot operations, according to a statement on Thursday. [...]
KPI Group has partnered with UAE-based Tristar Transport LLC to develop eco-friendly energy solutions across multiple regions, including the Middle East, Africa, Asia Pacific, America and Europe. The agreement involves the utilisation of the respective expertise of both parties to identify and execute renewable energy projects, such as wind, solar, green hydrogen and green ammonia [...]
