New Delhi: Reliance Industries Limited (RIL) on Tuesday became the first Indian company to surpass Rs 20 lakh crore in market capitalisation as share price of Mukesh Ambani-led firm hit record high on the bourses. This was enabled as the share price of RIL hit a record high of Rs 2,957.80 at the BSE in […]
Category: Deccan Herald
Deccan Herald
Tata Motors cuts EV prices by up to Rs 1.2 lakh as battery cost dips
New Delhi: Tata Motors on Tuesday said that its electric vehicle arm has reduced prices of two models – Nexon.ev and Tiago.ev – by up to Rs 1.2 lakh on account of reduction in battery cost. The auto major has cut the price of Nexon.ev by up to Rs 1.2 lakh and now the model […]
Adani Group stocks rise after Moody’s upgrades to “stable”
Bengaluru: Shares of India’s Adani Green Energy rose over 2% on Wednesday, bucking the weakness in broader markets and leading gains among the listed Adani Group stocks after rating agency Moody’s upgraded four group companies to “stable” Moody’s upgraded two unlisted units of Adani Energy Solutions as well as Adani Green and Adani Green Energy […]
Adani Green Energy likely to tap dollar bond market in March
Mumbai: Adani Green Energy is likely to raise $500 million by issuing dollar bonds in March, two officials aware of the plans said, making it the first Adani group company to return to the overseas bond market in a year. “The company is doing the groundwork and talking to investors to get a sense on […]
Adani Green Energy commissions 551 MW solar capacity at Khavda RE park in Gujarat
New Delhi: Adani Green Energy Ltd (AGEL) on Wednesday announced commissioning of 551 MW solar capacity at Khavda renewable energy park in Gujarat. The company plans to develop 30 GW of renewable energy capacity at this RE park, which is expected to be operational in the next five years. When completed, the Khavda RE park […]
BHEL reports Rs 149 crore net loss in Q3
New Delhi: State-owned BHEL on Tuesday posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, impacted by higher expenses. It had posted a net profit of Rs 42.28 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing. The company’s […]
Airbus CEO tells staff Space losses ‘not acceptable’
Paris: The head of Europe’s Airbus has told staff that recent unexpected charges in its Space business are “not acceptable”, in a candid assessment of a business facing what he described as an internal crisis, people familiar with the matter said. In November, Airbus took a 300-million-euro ($320 million)charge on unidentified satellite programmes, said by […]
IndiGo signs financing pact with BOC Aviation for 4 Airbus A320NEO aircraft
Singapore: Singapore-headquartered BOC Aviation Ltd on Wednesday said it has entered into a finance lease transaction with InterGlobe Aviation Ltd (IndiGo). The deal has been signed for four Airbus A320NEO aircraft. “We are pleased to be closing another four finance leases with IndiGo,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “We […]
NCLT extends deadline for Go First’s insolvency for another 60 days
New Delhi: The National Company Law Tribunal on Tuesday extended the deadline for another 60 days to complete the resolution process of grounded airline Go First. A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP) of Go First seeking an extension of the timeline to complete the corporate […]
India wants multi-year oil purchase deal with Guyana, says Guyanese minister at India Energy Week
Quitol (Goa): India wants to sign a multi-year oil purchase deal with Guyana and acquire stakes in the South American nation’s exploration areas, the Guyanese minister for natural resources said on Thursday.”We will make a decision at some point in time” on crude oil sales to India in a long-term deal, Vickram Bharrat told reporters […]
In a boost to ‘Make in India’ initiative, Indian company to make all doors of Airbus 220 planes
New Delhi: Aircraft maker Airbus on Thursday announced awarding a contract to Indian company Dynamatic Technologies for manufacturing all the doors for its next-generation narrow body A220 planes, giving a boost to the ‘Make in India’ initiative. While financial details were not disclosed, Civil Aviation Minister Jyotiraditya Scindia said it is one of the single-largest […]
Parliamentary panel suggests route-specific capping of airfares
New Delhi: A Parliamentary panel has proposed route-specific capping of airfares and setting up of a separate entity to exercise control over air ticket prices, amid concerns in various quarters about surging fares. After considering the responses from the civil aviation ministry on airfares, the committee said that self regulation of ticket prices by airlines […]