Corporate News

Bankruptcy Court Allows Vedanta Group Firm To Take Over Videocon

Bankruptcy Court Allows Vedanta Group Firm To Take Over Videocon

Upmanyu Trivedi and Suvashree Ghosh | Tuesday June 08, 2021

Twin Star, a part of Agarwal's Vedanta Group, will pay about Rs 30 billion ($410 million) to Videocon's lenders.

Renault-Nissan India Urges Tamil Nadu Government To List Social Distancing Norms

Renault-Nissan India Urges Tamil Nadu Government To List Social Distancing Norms

Reuters | Tuesday June 08, 2021

Renault-Nissan India wants Tamil Nadu government to recommend "adequate social distancing" parameters based on norms in other automakers in the state.

Royal Enfield To Shut Manufacturing Plants For Three Days

Royal Enfield To Shut Manufacturing Plants For Three Days

Reuters | Wednesday May 26, 2021

Royal Enfield will shut its three manufacturing plants from May 27 to May 29, the internal note to workers said.

Renault-Nissan, Hyundai Face Shutdowns In India Over Workers' Covid Fears

Renault-Nissan, Hyundai Face Shutdowns In India Over Workers' Covid Fears

Reuters | Monday May 24, 2021

Hyundai has agreed to send its workers on five days of leave starting on Tuesday during which time its plant, also in Tamil Nadu, will remain shut,

Renault-Nissan India Union Says Workers To Go On Strike From May 26

Renault-Nissan India Union Says Workers To Go On Strike From May 26

Reuters | Monday May 24, 2021

Factory workers at Renault-Nissan's car plant in Tamil Nadu won't report for work from Wednesday as their COVID-related safety needs haven't been met.

Serum Institute Distances Itself From Officials Remarks On Vaccination

Serum Institute Distances Itself From Officials Remarks On Vaccination

Edited by Animesh Singh | Sunday May 23, 2021

Serum Institute of India clarified that the statement by its executive director Suresh Jadav at a recent event is not the view of the company,

Renault-Nissan Fights Court Battle With Indian Workers On Operations During Covid Surge

Renault-Nissan Fights Court Battle With Indian Workers On Operations During Covid Surge

Reuters | Sunday May 23, 2021

The factory, which produces Nissan, Renault and Datsun cars, also employees 3,000 contract workers, 2,500 staff members and 700 apprentices.

Now, Test For Covid-19 At Home With CoviSelf

Now, Test For Covid-19 At Home With CoviSelf

Edited by Animesh Singh | Thursday May 20, 2021

The test results will have to be uploaded by home users on their own with the help of an app which is available on Google play store and Apple store.

Covid-19 Pandemic: SAIL To Set Up 2,500 Beds With Gaseous Oxygen Facilities

Covid-19 Pandemic: SAIL To Set Up 2,500 Beds With Gaseous Oxygen Facilities

Edited by Animesh Singh | Monday May 03, 2021

Covid-19 Pandemic: This is in addition to the facilities currently available at SAILs steel plants at Bhilai, Bokaro, Rourkela, Durgapur, Burnpur.

Covid-19 Pandemic: NTPC Upgrades Capacity Of Hospitals

Covid-19 Pandemic: NTPC Upgrades Capacity Of Hospitals

Edited by Animesh Singh | Thursday April 29, 2021

Covid-19 Pandemic: NTPC has upgraded thecapacity of all its sevenhospitals which are being used for treating the virusinfected employees.

Competition Commission of India Okays Tata Digital's 64% Stake in BigBasket

Competition Commission of India Okays Tata Digital's 64% Stake in BigBasket

Reported by Animesh Singh | Thursday April 29, 2021

Competition Commission of India okays Tata Digital's proposal to acquire 64 per cent stake in Big Basket

Facebook Signs First Deal To Buy Renewable Energy In India

Facebook Signs First Deal To Buy Renewable Energy In India

Reuters | Thursday April 15, 2021

CleanMax will own and operate the projects, while Facebook will buy the power off the grid using environmental attribute certificates, or carbon credits, the companies said.

Infosys Board Okays Buyback At Rs 1,750 Per Share

Infosys Board Okays Buyback At Rs 1,750 Per Share

Edited by Animesh Singh | Wednesday April 14, 2021

Infosys Q4 Results: The Company posted a 17.5% jump in its fourth quarter net profit. Its consolidated net profit climbed to Rs 5,076 crore in the three months to March 31, from Rs 4,321 crore a year.

Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance

Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance

Edited by Nirmalya Sen | Thursday February 25, 2021

The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020

Bharat Forge, Paramount To Produce Armoured Vehicles In India

Bharat Forge, Paramount To Produce Armoured Vehicles In India

Edited by Nirmalya Sen | Monday February 22, 2021

Bharat Forge-Paramount Deal: An agreement was signed by both companies during the International Defence Expo in Abu Dhabi

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