Shell India appoints Mansi Madan Tripathy as new country chair
"As Country Chair of Shell India, Mansi will oversee Shell Group of companies in India, in addition to her role as Vice President, Shell Lubricants for Asia Pacific. Mansi will relocate from Singapore to New Delhi, her home city, to take up the role," it said.
FirstCry: 3 Indian family investment offices pick up Rs 435-cr SoftBank stake
The IPO-bound FirstCry reportedly received a Rs 250 crore investment from Pai on August 14.
Zen Tech confirms order booking worth Rs 202 crore after strong Q1 net profit growth
During this quarter, Zen Technologies has secured new orders worth Rs 202 crore. Additionally, in July 2023, they bagged orders worth around Rs 500 crore.
Motilal Oswal, Raamdeo Agrawal to donate 5% shares each for charity
Motilal Oswal and Raamdeo Agrawal will offload close to 74 lakh shares each. Agrawal said that he would like to see that the donation amount is being spent in our own lifetime for designated purposes as the need for the same is maximum now.
PFRDA aims to add 13 lakh individual subscribers in FY24: Chairman
"The overall corpus under NPS stood at Rs 9.8 lakh crore as of end-June," Mohanty noted.
Mandatory to provide accommodation, bathrooms for drivers: Tamil Nadu govt to hotels
This accomodation is required to be provided either within the premises or 250 metres from the hotel.
Vedanta Resources pays April debt, cuts gross debt to $6.8 billion
During the balance of FY24, believes that strong operational performance with robust commodity prices will lead to further de-leveraging.
Budget 2023 | Five things for tribal welfare the Finance Minister announced
Finance Minister Nirmala Sitharaman announced some crucial tribal welfare sops, here are the excerpts from her Union Budget 2023 speech on what these are
Jaypee deal an attractive proposition for Dalmia, more clarity awaited: Brokerages
Enterprise value less than previous deals in the cement sector, will take Dalmia closer to the goal of becoming a pan-India player, say research houses
Dalmia Bharat acquires Jaiprakash Associates' cement plants for nearly Rs 6,000 crore
Back in October, Jaiprakash Associates and Jaiprakash Power Ventures had announced plans to divest their cement business as well as some non-core assets to reduce debt.
Bengaluru to build its own tech and innovation museum near Baiyyappanahalli
The experiential and interactive museum will be built on the lines of the Bezos Centre of Innovation in Seattle and Peres Centre for Peace & Innovation in Tel Aviv, said Bommai
LTIMindtree’s $5 billion revenue target too optimistic: Jefferies
Brokerages are awaiting clarity on the merged entity’s plans and strategies.
Hindalco to plan new projects strictly in line with cash flows, won't borrow: MD Satish Pai
Satish Pai says that macroeconomic headwinds and the price of coal need to abate for its US and Indian businesses to breathe freely once again
Hindalco drops over 4.3% intra-day, its steepest fall since 26 September
Hindalco ‘s subsidiary Novelis trims capex guidance and expects tough H2FY23
Expect better financial performance for H2: Shree Cement’s Chairman
We want to grow 10 million tonnes from acquisitions over the next five years. Because of the complexity of multiple operations, we chose the ex CEO of ACC and Ambuja Cements as our new MD designate.
Shree Cement looking to hike cement prices after November 15: HM Bangur
To offset escalating costs, the company is expecting to undertake a price hike of Rs 15/bag for the remaining part of the financial year
Neeraj Akhoury to drive next phase of growth as new MD, says Shree Cement Chairman
Shree Cement aims to scale at least 25 percent or 10 MTPA capacity inorganically in the next five years, said Chairman HM Bangur
JSW Steel partners Smartex over low-emission production
“Indian steel industry needs innovation in low-emission alloy making and financing solutions at a comparative cost advantage to reach the next level of steel decarbonisation,” said Seshagiri Rao, Joint MD, JSW Steel, and Group CFO.
India cement pricing power may remain muted amid consolidation moves: Citi
The Adani Group’s ability to buy small cement companies and service debt at reasonable levels may not encourage price increases, the brokerage says.
Sanction worries intensify as US seeks to punish Russia for Ukraine escalation
Aluminium price and shares of producers of the metal surge on report that the US is considering sanctions on the metal produced by Russia.
JSW Cement to invest Rs 3,200 crore for setting up 5MTPA capacity in MP, UP
The unit of the JSW Group will set up an integrated greenfield cement manufacturing facility in Madhya Pradesh and a split grinding unit in Uttar Pradesh
JSW Steel reports 3% sequential drop in Q2 production on lower capacity utilisation
The drop in production was largely due to extended maintenance shutdowns at JSW Ispat Special Products Ltd, subdued market conditions in the US, and lower capacity utilisation in other locations in India, the company has said
Sanction worries spark fresh inflationary concerns for aluminium makers
Any ban on Russian aluminium would likely have significant ramifications for metal markets around the world.
EPAM sacks 100 Indian employees, revoke offers: Report
The number of employees from EPAM Systems and EPAM Anywhere who were forced to resign could be at least 100
