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Coal India subsidiary BCCL's output up by record 61% in February to 3.24 mt

Coal India's subsidiary BCCL has posted a record 61 per cent growth in its production to 3.24 million tonne (mt) in February this year over the corresponding month last fiscal, a company statement said.

Bharat Coking Coal Ltd (BCCL), a Dhanbad-based subsidiary of the Maharatna public sector undertaking, also claimed that it registered the highest offtake growth of around 66 per cent to 2.93 mt during the last month.

Amul expects 18% growth in turnover nearing Rs 46,000 cr this fiscal

India's leading dairy cooperative GCMMF, which markets dairy products under the Amul brand, is expecting an 18 per cent growth in its turnover this fiscal year to around Rs 46,000 crore on better demand, its Managing Director R S Sodhi said. Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF) had posted a marginal growth of 2 per cent during the 2020-21 financial year to Rs 39,200 crore despite the COVID-19 pandemic.

CredAvenue enters unicorn club as valuation triples to $1.3 bn in 6 months

Online debt marketplace CredAvenue has become the tenth unicorn of 2022, raising $137 million in its Series B funding round. The fintech start-up said that it is now valued at $1.3 billion – more than tripling its valuation in 6 months. The funding was led by New York-based global private equity and venture capital firm Insight Partners, B Capital Group, and Dragoneer, with participation from existing investors.

India approaching US over ONGC Videsh taking Venezuelan oil cargoes: CEO

The chief executive of ONGC Videsh, India's second-largest oil and gas company, on Sunday confirmed talks between India and the U.S. State Department are underway to allow the company to settle past debts by trading Venezuelan oil cargoes.

CEO A.K Gupta told Reuters in Houston ahead of the CERAWeek by S&P Global energy conference that "it's only logical" for an agreement because the proposal would not provide payment to U.S. sanctioned Venezuela's government.

Hatsun Agro Product plans to sell assets of ready-to-eat business

Hatsun Agro Product Ltd on Saturday said its board will meet on March 9 to consider a proposal to sell assets of the company's ready-to-eat business. In a regulatory filing, the company said its board of directors will be held on March 9 to consider and approve the proposal for the sale of assets of the RTE (ready-to-eat) business and its brand 'Oyalo' to the prospective buyer at a price mutually agreeable to the company and the buyer.

Robust SUV line-up necessary to maintain dominance in PV segment: Maruti

Maruti Suzuki India (MSI), the country's largest car maker, needs to bolster its presence in the fast-growing SUV segment in order to maintain its dominance in the domestic passenger vehicle segment going ahead, according to a senior company official.

The automaker, whose market share in the 30-lakh-strong (volume) domestic passenger vehicle segment has come down to 45 per cent this year from 48 per cent last year, is looking to fill gaps in the various sub-segments that have emerged in the SUV space in the past few years.

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