Page 1002 - Company News

SBI likely to issue perpetual bonds to wrap up FY borrowing: Report

Merchant bankers said the lender may have to pay a higher coupon as they are looking to raise a larger quantum this time

Torrent Power to invest Rs 47,000 cr in renewable energy in Gujarat

Torrent Power has inked four initial pacts with the Gujarat government to invest Rs 47,350 crore in renewable energy, green hydrogen and electricity distribution

Amazon's video ad push expected to generate extra $5 bn in revenue

Amazon's advertising business - mostly search and display ads on its web store - generated $12.1 billion in the quarter ended September 30, about 8.5% of total revenue

Oil an option to recoup $600 million from Venezuela dividend: ONGC Videsh

Indian refiners have resumed purchase of Venezuelan oil following the easing of US sanctions on the South American country last year

LIC receives GST demand notice of Rs 663 crore from Chennai tax officials

Demand pertains to wrong availment of Input Tax Credit (ITC) and non-payment on tax on turnover wrongly declared as non-GST supply in GSTR-1 for 2017-18, and 2018-19, LIC said in a regulatory filing

IT industry veteran C P Gurnani joins upGrad's Board of Directors

Focus on global growth as independent director

Samsung places bet on AI for greater sales as 2024 phone launches kick off

More than a billion smartphones with built-in generative AI are expected to be shipped by the end of 2027, according to Counterpoint Research estimates

GST dept issues demands, penalties totaling over Rs 19 cr to Ceat Tyres

As the matters are being pursued against the orders, CEAT said the final impact on its financial, operation or other activities may not be ascertainable as of now

FSSAI issues show cause notice to IndiGo for serving 'unsafe food'

The incident happened onboard flight 6E 6107 from Delhi to Mumbai on December 29. The airline had apologised after the passenger shared a video on social media

Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5%

Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year

Zoomcar to turn profitable for the full year in 2024: CEO Greg Moran

Car sharing platform gets 90% of its business in India, went public last week

Adani Group to fund Dharavi project via internal accruals, SPV stake sale

Earlier this week, the company had appointed three companies, including noted architect Hafeez Contractor, as city planners to present a draft development plan for the Asia's largest slum cluster

Karan Adani now MD of Adani Ports, Gautam Adani stays as executive chairman

The company further said its board has also approved the appointment of Ashwani Gupta, former global Chief Operating Officer at Nissan Motors, as the new Chief Executive Officer of APSEZ

Glenmark cuts diabetes drug cost by 70% with first Indian biosimilar launch

Drug, marketed under the brand name Lirafit, is priced at approximately Rs 100 for a standard daily dose of 1.2 mg

Adani case: SC refuses plea for SIT; asks Sebi to finish probe in 3 months

Reliance on third party organisation report without any verification cannot be relied upon as a proof, says court about investigative journalists' work

Vietnam's EV maker VinFast plans to set up battery plant in Tamil Nadu

The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the sources said

Jio Financial-BlackRock JV applies for mutual fund licence with Sebi

The potential MF may utilize a digital-first approach to democratize the Rs 50 lakh crore MF industry

E-commerce firm Meesho recruits 150 during campus hiring, to take in more

Recruitments reflect 'robust road map for 2024', says Meesho, which is an e-commerce firm backed by SoftBank

US pipeline to keep pharma major Lupin's revenues on healthy trajectory

The stock of pharma major Lupin is up 14 per cent over the last eight trading sessions and is trading at Rs 1,406 a share. The gains are on expectations that margins will improve

ArcelorMittal partners with IIT Madras to create Hyperloop facility in TN

The team's central objective is the advancement and commercialisation of Hyperloop technologies for high-speed, affordable, reliable, and sustainable transportation, the release here said