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Page 15 of industry news

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H&M
Fashion retailer H&M beats expectations in spring recovery

The Swedish group’s shares rose 12% in early trade after it posted an operating profit of 2.08 billion crowns ($196…

Updated: March 27, 2024 15:09 IST
L&T, Larsen and Toubro, Power Transmission & Distribution, order, solar panel, battery energy storage plant, renewable energy, order book
L&T bags multiple orders worth Rs 2,500 crore to Rs 5,000 crore

In a recent development, L&T has secured a notable project to construct the 165-bed Al Namaa General Hospital in Oman,…

Updated: March 27, 2024 13:00 IST
Sterlite Power, GIC
Reliance Power’s two subsidiaries settle Rs 1,023-crore debt 

Reliance Power Ltd’s two subsidiaries — Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and…

Updated: March 27, 2024 11:46 IST
Avanse investors
Avanse raises Rs 1,000 crore from investors led by Mubadala Investment Company

This round of funding was led by Mubadala Investment Company (Mubadala), the Abu Dhabi-based investment company, with participation from Avendus…

Updated: March 26, 2024 17:00 IST
adani group
Adani Group eyes 45 GW renewable energy capacity by 2030

The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, Adani…

Updated: March 26, 2024 12:32 IST
Wework
Adam Neumann bids over $500 million to buy back WeWork, source says

It’s not clear how Neumann is planning to line up financing for his bid, the source said, requesting anonymity as…

Updated: March 26, 2024 08:44 IST
Vodafone Hutchison tie up
Vodafone, Three deal faces in-depth inquiry unless solutions given urgently

The $19 billion deal was announced last year, and if it proceeds, would reduce the number of mobile networks in…

Updated: March 22, 2024 14:42 IST
Hindustan Zinc, JNCASR, MoU, zinc, battery technologies, lithium-ion batteries, sustainable energy
Government rejects Hindustan Zinc’s plan to split company, source says

The Indian government is the largest minority shareholder in Hindustan Zinc, owning a 29.54% stake, but was not consulted by…

Updated: March 22, 2024 13:04 IST
iron ore rate
NMDC reduces iron ore lump rate by Rs 200 per tonne; fines by Rs 250 per tonne

The rates of lump ore have been revised to Rs 5,800 per tonne and that of fines to Rs 5,060…

Updated: March 21, 2024 14:40 IST
Unilever
Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings

The spinoff will begin immediately and is expected to complete by the end of 2025, the London-listed consumer goods group…

Updated: March 19, 2024 15:13 IST
Nykaa Founder Falguni Nayar
Nykaa has huge lead, edge; to actively defend its turf: Founder & CEO Falguni Nayar

Nayar told PTI in an interview that retail is a “very big segment with space for many” and added that…

Updated: March 19, 2024 14:34 IST
Haleon- Pfizer deal
Pfizer to slash stake in Sensodyne toothpaste-maker Haleon to 24%

The offer price per Security in the Global offer will be decided by book building process and is slated to…

Updated: March 19, 2024 08:26 IST
Insurance sector
Insurance sector attracted Rs 54,000 crore FDI in last 9 years: Financial Services Secretary Vivek Joshi

The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and…

Updated: March 18, 2024 15:33 IST
coal, coal industry, psu, Coal Ministry, industry, industry news
Coal PSUs must plan pithead-based thermal projects: Coal Secy Meena

The plan is that all new thermal projects of Coal India Ltd (CIL) and NLC India Ltd should come up…

March 17, 2024 13:21 IST
Oyo homestays in Odisha
OYO to open 50 homestays in Odisha in next one year

The company, which has recently opened 65 homestays in Ayodhya, had stated that it plans to open 400 hotels and…

Updated: March 14, 2024 15:47 IST
transmission
RVNL-Salasar JV gets Rs 174 crore transmission project from Madhya Pradesh govt 

In a BSE filing, Rail Vikas Nigam Ltd (RVNL) said it holds 51 per cent stake in the JV while…

Updated: March 14, 2024 15:19 IST
Larsen & Toubro, L&T GeoStructure, order, Paradip Port Authority, Hindustan Shipyard
Larsen & Toubro bags major gas pipeline project in Middle East

The scope of work comprises Engineering, Procurement, and Construction (EPC) of two new pipelines along with associated work parallel to…

Updated: March 14, 2024 14:52 IST
Ashwini Vaishnaw
Qualcomm agreed to create roadmap for developing industrial electronics, 6G Labs, says Ashwini Vaishnaw 

The Union Minister of Railways, Communications and Electronics and Information Technology said the US-based Qualcomm also agreed to set up…

Updated: March 14, 2024 14:37 IST
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