Page 1005 - Company News

HC grants time to Vivo officials to respond to ED plea against release

Justice Swarana Kanta Sharma listed the matter for further hearing on January 11 and said, "They will need to file a reply. I can't deny them"

Bajaj Auto to consider share buyback in board meeting on January 8

Earlier this month, Bajaj Auto reported a 16 per cent rise in total sales at 3,26,806 units in December 2023

Jio Financial's application for mutual fund licence under process: Sebi

Update by regulator puts to rest speculations that Jio is looking to enter MF space through acquisition

Petronet to sign deal to extend Qatar LNG imports beyond 2028: Oil secy

Petronet has a 7.5-million metric ton per year (tpy) long-term LNG import deal with Qatar and its promoters Indian Oil Corp, Bharat Petroleum Corp and GAIL (India) Ltd has a 1 million tpy deal

REC Ltd, RVNL sign Rs 35,000 crore MoU to finance infrastructure projects

REC will be financing diverse projects including logistics hubs, rail, road, port, and metro over the next 5 years

Atos set to hold due diligence talks with Airbus on sale of BDS unit

An Airbus spokesperson confirmed in an e-mailed statement sent to Reuters that it has submitted a non-binding proposal for a potential acquisition of Atos' BDS business line

'Grateful to those who stood by us': Adani on Adani-Hindenburg case verdict

Adani Hindenburg case verdict: The SC has refused to interfere in the investigation by the Securities and Exchange Board of India

Honeywell eyes 30% revenue growth from its Impact brand: Ashish Modi

'We absolutely wanted to do something meaningful in 'Make in India,' Modi said

Glenmark Pharmaceuticals launches antidiabetic drug 'Lirafit' in India

It is priced at around Rs 100 for a standard dose of 1.2mg (per day) and will lower the cost of therapy by approximately 70 per cent, the company claimed

Adani-Hindenburg case verdict: SC grants Sebi 3 months for pending probes

Adani Hindenburg case verdict: SC also said that the Centre and Sebi will look into whether there has been any violation of law by Hindenburg Research on short-selling

BYD pulls ahead as world's biggest producer of battery passenger cars

After a $12 billion selloff during November, BYD is as cheap as it has been going back to the start of 2010, despite 31 out of 32 analysts putting a Buy rating on the stock

SC to pronounce verdict on Adani-Hindenburg case today: The story so far

Adani Hindenburg verdict time: A bench comprising CJI DY Chandrachud and justices JB Pardiwala and Manoj Misra will deliver the judgement at 10:30 am

Coal production in the country increases by 10.75% in 2023: Govt

In a public statement, the Ministry of Coal said the production of Coal India Limited (CIL) has risen to 71.86 million tonnes (mt) in December 2023, as compared to 66.37 mt in December 2022

Maruti Suzuki production falls 2.96% at 1,21,028 units in Dec 2023

The company had produced 1,24,722 units in December 2022, Maruti Suzuki India said in a regulatory filing

Nivea India appoints Geetika Mehta as its new managing director

Mehta's last stint was at Hershey India for 2.5 years as managing director, and prior to that, she was at the country's largest FMCG firm, Hindustan Unilever, for 18 years

Vivo PMLA case: ED moves Delhi HC against release of three employees

The trial court last week allowed the plea moved by Hong Xuquan, Harinder Dahiya and Hemant Munjal to challenge their arrest and subsequent custody in a PMLA case and directed their immediate release

HUL receives Rs 447.5 cr GST demands and penalties, firm to make assessment

Besides, Deputy Commissioner of Commercial Tax Officer, Bengaluru has issued a demand of tax "on the grounds of excess GST credit availed amounting to Rs 8.90 crore and penalty amounting to 89.08 lakh

LIC receives GST demand notice of Rs 116 crore for Telangana state

The demand for Telangana came a day after LIC on Monday received a similar notice demanding about Rs 806 crore for short payment of GST for 2017-18 along with interest and penalty for Maharashtra

State-owned PNB, BoM record double-digit loan growth during Oct-Dec quarter

Total advances stood at Rs 8.56 lakh crore at the end of the third quarter of the last financial year, PNB said in a regulatory filing

Adani Group-Hindenburg row: SC will pronounce judgement on January 3

A bench of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra reserved its verdict on the order on various aspects related to the Hindenburg report in November 2023