Corporates

ONGC Sees Significant Rise In Oil, Gas Output By 2024-25

ONGC Sees Significant Rise In Oil, Gas Output By 2024-25

Press Trust of India | Tuesday May 31, 2022, New Delhi

ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries start producing

IKEA To Launch First City Store In Bengaluru On June 22

IKEA To Launch First City Store In Bengaluru On June 22

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

IKEA India (part of the Ingka Group), Swedish home furnishings retailer, said on Tuesday it will launch its first store in the city, on June 22.

LIC Q4 Profit Falls 17%; Declares Interim Dividend Of Rs 1.50 Per Share

LIC Q4 Profit Falls 17%; Declares Interim Dividend Of Rs 1.50 Per Share

Edited by Prashun Talukdar | Monday May 30, 2022, New Delhi

LIC Q4 Result: Life Insurance Corporation of India (LIC) on Monday posted a profit of Rs 2,409.39 crore during the quarter ended on March 31, 2022, down 17.41 per cent from Rs 2,917.33 crore recorded in the same period last year.

Sun Pharma Records Rs 2,277 Crore March Quarter Net Loss

Sun Pharma Records Rs 2,277 Crore March Quarter Net Loss

Press Trust of India | Monday May 30, 2022, New Delhi

Sun Pharmaceutical Industries on Monday said its consolidated net loss stood at Rs 2,277 crore for the fourth quarter ended March 2022

GAIL To Invest Rs 6,000 Crore In Renewable Energy Sector In Next 3 Years

GAIL To Invest Rs 6,000 Crore In Renewable Energy Sector In Next 3 Years

Press Trust of India | Monday May 30, 2022, Mumbai

Gas Authority of India Limited (GAIL) will invest Rs 6,000 crore in the next three years in renewables

India Plans To Phase Down Over 80 Coal-Fired Utilities In 4 Years: Report

India Plans To Phase Down Over 80 Coal-Fired Utilities In 4 Years: Report

Reuters | Monday May 30, 2022, New Delhi

India plans to phase down at least 81 coal-fired utilities over the next four years, the power ministry told top energy department officials of state and central government in a letter.

Google Helps ShareChat Raise $300 Million In Funding Round

Google Helps ShareChat Raise $300 Million In Funding Round

Reuters | Monday May 30, 2022, NEW DELHI

Parent company of ShareChat has raised $300 million in fresh funding from Alphabet Inc's Google, Times Group and Singapore's Temasek Holdings

JSW Steel To Maintain Europe Supplies Sans Export Tax Levy

JSW Steel To Maintain Europe Supplies Sans Export Tax Levy

Reuters | Monday May 30, 2022, NEW DELHI

JSW Steel will continue to supply products to European buyers without passing on any increase in costs despite Government imposing export tax

Cooperating With Regulatory Bodies In Front-Running Case: Axis Mutual Fund

Cooperating With Regulatory Bodies In Front-Running Case: Axis Mutual Fund

Press Trust of India | Monday May 30, 2022, New Delhi

Axis Asset Management has said that it is cooperating with regulatory authorities amid reports of Sebi carrying out 'search and seizure' at several entities in connection with an ongoing probe in the front-running case at the fund house.

Financial Services Firm PayMate India Files For Rs 1,500 Crore IPO

Financial Services Firm PayMate India Files For Rs 1,500 Crore IPO

Press Trust of India | Monday May 30, 2022, New Delhi

Leading B2B payments and services provider PayMate India has filed preliminary papers with capital markets regulator SEBI to raise Rs 1,500 crore through an initial public offering (IPO).

Centre Retracts Advisory On Sharing Photocopy Of Aadhaar With Entities

Centre Retracts Advisory On Sharing Photocopy Of Aadhaar With Entities

Press Trust of India | Monday May 30, 2022, New Delhi

The government has withdrawn an UIDAI advisory that cautioned the general public against sharing photocopy of their Aadhaar with any organisation.

Startup Zilingo's Communications Head Resigns After Co-Founder's Exit

Startup Zilingo's Communications Head Resigns After Co-Founder's Exit

Edited by Animesh Singh | Sunday May 29, 2022

On the heels of Singapore-based commerce business Zilingo's Co-Founder Ankiti Bose being fired over allegations of financial irregularities, the company's Head of Communication and Public Relations Naushaba Salahuddin has also resigned.

Ambassador To Come Back In An All-New Electric Model

Ambassador To Come Back In An All-New Electric Model

Edited by Animesh Singh | Sunday May 29, 2022

The iconic Ambassador car, once the symbol of the powerful elite, is aiming to make a comeback, though in an electric avatar this time

Seven Most Valued Entities Add Rs 1.16 Lakh Crore in Market Capitalisation

Seven Most Valued Entities Add Rs 1.16 Lakh Crore in Market Capitalisation

Press Trust of India | Sunday May 29, 2022, New Delhi

Combined market valuation of seven of the 10 most valued firms jumped by Rs 1,16,048.1 crore last week, with HDFC Bank emerging as the biggest gainer

NMDC Records 24% Growth In Production During 2021-22

NMDC Records 24% Growth In Production During 2021-22

Edited by Animesh Singh | Saturday May 28, 2022

Steel Ministry's entity NMDC recorded 24 per cent production growth as it produced 42.19 million tonnes of iron ore in 2021-22