Corporate

Coal India to offer 130 mln tn of coal in e-auction in 2021-22

Informist, Thursday, Apr 8, 2021 By Avishek Rakshit KOLKATA – Coal India Ltd has decided to initially allot 130 mln tn of coal under the e-auction platform for the current financial year as against sales of 124 mln tn in the financial year ended March 31, 2021. A senior company official in the...

Tata Motors, Bajaj Auto see no impact of Maharashtra restrictions yet

Informist, Wednesday, Apr 7, 2021 By Satyanarayan Iyer PUNE – Automakers Tata Motors and Bajaj Auto have ruled out any impact at this stage of the current restrictions in Maharashtra on production in any of their operations in the state. With cases rising in Maharashtra, the state government on Sunday announced weekend lockdowns and also tightened curbs...

Higher output, demand to buttress price hike gains for CEAT

Informist, Tuesday, Apr 6, 2021 By Sai Ishwarbharath CHENNAI – CEAT Tyres Ltd's move to raise prices is likely to give a significant boost to the company because of its large domestic presence and its plans to ramp up production capacities by 50% by 2022-23 (Apr-Mar). Informist had reported earlier today that CEAT Tyres...

Cadila to raise Remdesivir output amid COVID-19 surge, says source

Informist, Monday, Apr 5, 2021 --Source:Cadila Health's current remdesivir capacity 30,000 vial/day--Govt officials evaluating reports of remdesivir shortage--Cadila Health in talks with govt to up remdesivir output By Sunil Raghu AHMEDABAD - Cadila Healthcare Ltd will increase the production of Remdesivir injections, used for treatment of COVID-19 patients, a company source told Informist. The...

NMDC posts 6% rise in FY21 sales to 33 mln tn, Mar sales up 51% YoY

Informist, Thursday, Apr 1, 2021 --Source: NMDC FY21 iron ore output rises 8% on year to 34.1 mln tn--NMDC Mar iron ore sales rise 51% YoY to 4.1 mln tn--NMDC Mar iron ore output rises 66% on year to 4.6 mln tn--NMDC Mar output, sales aided by Donimalai mine By Narayana Krishna HYDERABAD...

Cement cos hike prices by 10-15 rupees/50 kg in south India

Informist, Thursday, Apr 1, 2021 --Cement cos also hike price in Karnataka--Cement cos hike price in Andhra Pradesh, Telangana, Tamil Nadu--Cement cos hike prices on rise in freight, packaging cost--Orient Cements, Ramco Cements hike prices in south India--Sagar Cements, Shree Cements hike prices in south India--Dalmia Bharat, ACC, Kesoram hike prices in...

RITES developing standard gauge rolling stock for exports

Informist, Tuesday, Mar 23, 2021 By Priyal Mahtta NEW DELHI - RITES Ltd is developing prototypes of standard gauge locomotives and coaches, as these locomotives have the potential to open new international markets for the company, Chairman and Managing Director Rajeev Mehrotra told Informist. The 1,435-mm standard gauge is the most widely...

Hindalco takes marginal price cut on aluminium products

Informist, Thursday, Mar 18, 2021 By Nikita Periwal MUMBAI – Hindalco Industries Ltd has cut the prices of its aluminium ingots, billets, and wire rods by 1,250 rupees per tn, or less than 1%, with effect from Wednesday. This follows a near 2% price hike taken on Tuesday.  These price changes are in line with...

Vedanta raises prices of aluminium ingots after two cuts in a row

Informist, Wednesday, Mar 17, 2021 By Nikita Periwal MUMBAI - Vedanta Ltd has increased the prices of its aluminium ingots by 3,750 rupees per tn, or more than 2%, with effect from Tuesday. This hike comes after two consecutive price cuts by the company. Following the latest revision, the company is selling ingots at 182,750-195,750 rupees per tn. Prices of...

RBI fines SBI 20 mln rupees for breach of employee commission norms

Informist, Tuesday, Mar 16, 2021 --RBI fines SBI for breach of norms on commission payment to staff --Imposes 20-mln-rupee penalty on SBI  MUMBAI – The Reserve Bank of India has imposed a penalty of 20 mln rupees on State Bank of India for violating guidelines on payment of commission to the bank's employees. The country's largest bank...


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