Page 1003 - Company News

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

Vedanta Resources' bondholders back company's debt restructuring plan

"The overwhelming consent to the revised terms will take immediate pressure (off) Vedanta to repay the debt obligation," Vedanta Resources said

IT major Tech Mahindra announces appointment of Richard Lobo as CHRO

Lobo replaces Harshvardhan Soin, who takes over the role of president- Asia Pacific & Japan effective January 3

Air India appoints P Balaji as chief of regulatory and corporate affairs

P Balaji resigned from telecom operator Vodafone Idea on Tuesday after a decade-long stint. He is set to assume his role at Air India on January 11

Investigate Religare Finvest's 8% ESPOs allotment to Saluja: Burman family

Terming the allotment as "unfortunate", the Burman family, the largest shareholder of REL in which it collectively owns 21.24 per cent through its entities

Kotak Mahindra Bank appoints Anupam Kaura as chief human resources officer

Kaura, who joins the private sector lender from Crisil's London office, has been appointed to "spearhead organisational transformation", according to a statement

Vedanta's aluminium production rises to 599,000 tonnes in Oct-Dec quarter

In a regulatory filing, Vedanta said its production of saleable iron ore in Karnataka was flat at 1.4 million tonnes in the third quarter of this fiscal

ArcelorMittal denies deal to buy out Tauron from joint venture GDANSK

ArcelorMittal holds a 50% stake in Tameh Holding via two of its subsidiaries, with Tauron owning the rest