Homegrown auto major Tata Motors on Thursday reported narrowing of consolidated net loss to Rs 992.05 crore in the fourth quarter ended March 2022. The company had posted a consolidated net loss of Rs 7,585.34 crore in the same period last fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood [...]
State-owned GAIL (India) Ltd will build one of India's largest proton exchange membrane (PEM) electrolyzer at Guna in Madhya Pradesh to produce green hydrogen by the end of 2023, as it looks to supplement its natural gas business with carbon-free fuel. In a statement, India's largest gas transporting and marketing firm said it has awarded [...]
The shares of MCX Limited reached a fresh 52-week low of ₹ 1150.00 apiece on Thursday. This was led by a heavy sell-off by FIIs, following global cues like rising interest rates and the geopolitical crisis. Major central banks have increased the rates, thereby leading to a selling spree in the stock markets on a [...]
Tata Sons on Thursday announced the appointment of Campbell Wilson as the Chief Executive Officer and Managing Director (MD) of Air India. The Air India board approved the appointment of Wilson subject to requisite regulatory approvals, the company said in a statement. Wilson, 50, is the CEO of Scoot, the wholly-owned low-cost subsidiary of Singapore [...]
New Delhi, May 12 (PTI) India's top gas importer Petronet LNG Ltd wants Qatar Gas to lower prices for it to renew a long-term liquefied natural gas (LNG) import deal beyond 2028, its CEO Akshay Kumar Singh said on Thursday. The company in the immediate term is looking to tie up 0.75 to 1 million [...]
The median salary increment this year is likely to be around 8.13 per cent as the country recovered from the after effects of pandemic-related disruptions, a report said. According to the 'Jobs and Salary Primer Report for FY2022 by TeamLease', unlike the last two years, this year most of the job roles from across sectors [...]
Online after-sales services company Xtracover on Thursday said that it aims to increase revenue by about three-fold to Rs 275 crore in the current financial year. Betting on the sale of refurbished smartphones and electronic devices, Xtracover founder and CEO Soumitra Gupta told PTI that it has clocked a revenue of over Rs 100 crore [...]
State-owned power giant NTPC has invited bids for raising term-loan of up to Rs 5,000 crore, which would be utilised for capital expenditure for ongoing or new electricity generation capacity addition projects. "Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, [...]
