Oil and Natural Gas Corporation's (ONGC) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said. ONGC was originally to start gas production from Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil [...]
The NCLAT on Wednesday upheld the order of the fair trade regulator CCI imposing a penalty of Rs 1,337.76 crore on Internet giant Google. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) directed Google to implement the direction and deposit the amount in 30 days. The NCLAT bench comprising Chairperson Justice Ashok [...]
Automaker Maruti Suzuki India Ltd on Wednesday said it has crossed the 25 lakh units milestone of cumulative exports since starting overseas shipments in 1986-87. The company, which started exports with shipments to neighbouring markets like Bangladesh and Nepal in 1986-87, said it currently exports to nearly 100 countries, including markets in Africa, Latin America, [...]
Honda Motorcycle & Scooter India on Wednesday said it is setting up a separate unit at its Narsapura plant in Karnataka to roll out electric two-wheelers with the first two models expected to hit the market in the next fiscal itself. The company aims to touch 10 lakh electric vehicles production capacity annually by 2030. [...]
Online travel services provider, MakeMyTrip on Wednesday said it plans to grow its franchise base by over 50 per cent this year to expand its reach in smaller cities and towns across India. The company is seeking to tap into the opportunities provided by the government's initiative to increase the number of airports in India [...]
Homegrown server maker Netweb Technologies India Ltd has filed draft papers with the capital markets regulator Sebi to raise up to Rs 700 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth Rs 257 crore and an offer for sales of 85 lakh equity shares by promoters, [...]
Goyal Aluminiums has plans to invest Rs 200 crore to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh. The company has been allotted 4,000 square metre land from the Greater Noida Industrial Development Authority (GNIDA) for the project. "Goyal Aluminiums...is gearing up to set up a new electric vehicle manufacturing plant with [...]
Edtech firm Upgrad has raised Rs 300 crore in a right issue led by co-founder and chairperson of the company Ronnie Screwvala, the start-up said on Wednesday. Screwvala contributed Rs 212 crore in the internal funding round. Existing investor Temasek contributed Rs 81 crore and the rest of the amount was raised from other minority [...]
Auto components maker Lifelong Group on Wednesday said it has acquired stressed automobile after-sales service startup GoMechanic for an undisclosed amount. The GoMechanic business has been acquired by the Lifelong Group as the majority shareholder under Servizzy consortium, the Delhi-based firm said in a statement. The Lifelong Group is an Indian company established in 1985 [...]
ReNew Energy Global Plc (ReNew) on Tuesday said it has repaid more than USD 1 billion to its offshore bondholders in the current financial year. The amount repaid includes the recent amortisation of USD 180 million, ReNew said in a statement. "ReNew has repaid more than USD 1 billion to its offshore bondholders in FY [...]
