Corporates

Essar Power To Sell Transmission Line To Adani For Rs 1,913 Crore

Essar Power To Sell Transmission Line To Adani For Rs 1,913 Crore

Press Trust of India | Friday June 03, 2022, New Delhi

Essar Power Ltd on Friday said it has agreed to sell one of its two electricity transmission lines to Adani Transmission Ltd for Rs 1,913 crore.

Mukesh Ambani Becomes Asia's Richest Man Again, Surpasses Gautam Adani

Mukesh Ambani Becomes Asia's Richest Man Again, Surpasses Gautam Adani

Asian News International | Friday June 03, 2022, Mumbai (Maharashtra)

Reliance Industries Limited Chairman and Managing Director Mukesh Ambani has regained the position of India as well as Asia's richest man

Adani Group To Invest Rs 70,000 Crore In UP, Create 30,000 Jobs

Adani Group To Invest Rs 70,000 Crore In UP, Create 30,000 Jobs

Asian News International | Friday June 03, 2022, Lucknow/Uttar Pradesh

Adani Group Chairman Gautam Adani said on Friday his group companies would invest Rs 70,000 crore in Uttar Pradesh that would help create around 30,000 jobs in the state.

IL&FS New Board To Give Rs 16,361 Crore To Creditors

IL&FS New Board To Give Rs 16,361 Crore To Creditors

Press Trust of India | Friday June 03, 2022, New Delhi

National Company Law Appellate Tribunal has directed the new board of debt-ridden IL&FS Group to distribute Rs 16,361 crore to creditors

"Super Bad Feeling" About Economy: Elon Musk Warns Of Tesla Job Cuts

"Super Bad Feeling" About Economy: Elon Musk Warns Of Tesla Job Cuts

Reuters | Friday June 03, 2022, San Francisco

Tesla chief executive Elon Musk said he had a "super bad feeling" about the economy and that the electric carmaker needed to cut staff by around 10%, according to an internal email seen by Reuters.

NMDC's Iron Ore Production Rose 14% In May To 3.2 Million Tonnes

NMDC's Iron Ore Production Rose 14% In May To 3.2 Million Tonnes

Press Trust of India | Thursday June 02, 2022, New Delhi

NMDC has registered over 14 per cent growth in its iron ore production at 3.2 million tonnes in May

Small Shoe Firms In This City Squeezed By Costs, Fading Demand

Small Shoe Firms In This City Squeezed By Costs, Fading Demand

Reuters | Thursday June 02, 2022, Agra

In his small shoe factory in the Indian city of Agra, Rajesh Kumar, his two brothers and three workers have been sitting idle for a week, faced with a dearth of new orders and increasing pressure from surging materials costs.

Reliance Brands Takes 40% Stake In Italian Toymaker's India Business

Reliance Brands Takes 40% Stake In Italian Toymaker's India Business

Press Trust of India | Wednesday June 01, 2022, New Delhi

Plastic Legno SPA is owned by the Sunino group that boasts more than 25 years of toy production experience in Europe

Tata Motors May Sales Rose 186% To 76,210 Units

Tata Motors May Sales Rose 186% To 76,210 Units

Asian News International | Wednesday June 01, 2022, Mumbai (Maharashtra)

Tata Motors' total sales surged by 186 per cent year-on-year to 76,210 vehicles in May 2022 as compared to 26,661 units sold in same month last year

Hyundai's Total Sales In May Stood At 51,263

Hyundai's Total Sales In May Stood At 51,263

Press Trust of India | Wednesday June 01, 2022, New Delhi

Hyundai Motor India on Wednesday reported total sales of 51,263 units in May

Multinationals Being Probed In Connection With ESOPs Paid To Employees In India

Multinationals Being Probed In Connection With ESOPs Paid To Employees In India

Edited by NDTV Business Desk | Wednesday June 01, 2022

The tax authorities want to know the nature of the ESOP payment by an MNC and the tax applicable on it

Maruti Suzuki Recorded 1,61,413 Total Sales In May 2022

Maruti Suzuki Recorded 1,61,413 Total Sales In May 2022

Press Trust of India | Wednesday June 01, 2022, New Delhi

Maruti Suzuki India on Wednesday said its total wholesales in May stood at 1,61,413 units

Private Refiners Rake In Profits From Cheap Russian Crude Purchase

Private Refiners Rake In Profits From Cheap Russian Crude Purchase

Reuters | Wednesday June 01, 2022, NEW DELHI

Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies

LIC's Embedded Value Determination Process Going On, Says Managing Director

LIC's Embedded Value Determination Process Going On, Says Managing Director

Press Trust of India | Tuesday May 31, 2022, Mumbai

LIC has said the exercise of determining its embedded value as on March 2022 is a "work in progress" and is to be completed by the end of next month

Vodafone Idea Shares Zoom During Intra-Day Trade

Vodafone Idea Shares Zoom During Intra-Day Trade

Edited by Animesh Singh | Tuesday May 31, 2022

Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday