Specialty chemicals company Aether Industries on Thursday said it has signed an initial pact with the Gujarat government to set up new manufacturing plants at its Panoli Site with an investment of around Rs 1,000 crore. The company has signed a Memorandum of Understanding (MoU) with the Gujarat government to this effect, Aether Industries said [...]
Jio-bp, a joint venture of Reliance Industries Ltd and bp for fuel retailing, will install EV charging stations across all residential projects of Piramal Realty in Mumbai, the companies said on Thursday. "As part of this partnership, customers and visitors to Piramal's residential projects will be able to charge their electric vehicles seamlessly at Jio-bp [...]
IT services major Infosys on Thursday announced the retirement of Kiran Mazumdar-Shaw as independent director of the board, effective March 22, 2023, upon completion of her tenure. Infosys board has appointed D Sundaram as the lead independent director of the company, effective March 23, 2023 based on the recommendation of the Nomination and Remuneration Committee, [...]
A former unit of Russian energy giant Gazprom will supply 4 shiploads of LNG to state-owned GAIL (India) Ltd for the first time since it halted supplies in May last year, Union minister Rameswar Teli said on Thursday. Sefe Marketing and Trading Singapore Pte Ltd (SMTS), erstwhile Gazprom Marketing and Trading Singapore Pte Ltd, will [...]
Larsen & Toubro (L&T) has entered into a pact with French firm McPhy Energy for a long-term partnership to explore opportunities in the emerging green hydrogen market. Green hydrogen is the hydrogen generated by renewable energy or from low-carbon power. It has significantly lower carbon emissions than grey hydrogen. Under this partnership, McPhy will grant [...]
Maruti Suzuki India on Thursday said it will increase prices of its model range in April to partially offset the impact of "overall inflation and regulatory requirements". The auto major, however, did not share the quantum of the price hike it intends to implement from next month. The company continues to witness increased cost pressure [...]
Air India is looking to enhance collaborations with airports in India and overseas as the Tata Group-owned carrier works on upgrading its systems. The airline has put in place a roadmap under Vihaan.AI for transformation over a five-year period. Rajesh Dogra, Chief Customer Experience Officer & Global Operations - Airport Operations, on Wednesday, said Air [...]
A promoter entity of Max Financial Services Ltd (MFSL) on Wednesday offloaded the company's shares worth Rs 94 crore through an open market transaction. MFSL is the holding firm for Max Life Insurance company. According to the block deal data available with the National Stock Exchange (NSE), Max Ventures Investment Holdings sold 14,99,997 shares of [...]
Reliance Consumer Products Limited (RCPL), a wholly-owned subsidiary of Reliance Retail Ventures Limited, on Wednesday said it has expanded its play in the FMCG segment by launching its range of home and personal care products. RCPL, which has ambitions to be a relevant player in the FMCG segment, will now compete with the leading players [...]
Leading bourses NSE and BSE on Wednesday said they will include Adani Power under the short-term additional surveillance measure (ASM) framework from Thursday. Adani Power is shortlisted in short-term ASM framework Stage-I effective March 23, according to separate circulars available on the exchanges. The move also comes close on the heels of the two exchanges [...]
