Page 1013 - Company News

State-owned Power Grid board approves raising Rs 2,200 crore via bonds

State-owned Power Grid Corporation board on Friday approved raising of Rs 2,200 crore through bonds

Techno Electric & Engineering Company gets projects worth Rs 1,750 crore

The transmission orders include a substation package for Neemrana-ll from Sterlite worth Rs 199 crore

Tata Coffee, Tata Consumer Products merger to be effective from January 1

Tata Coffee will merge with Tata Consumer, TCPL Beverages on January 1, the company said in its exchange filing on Thursday

PNB gets board approval to raise Rs 7,500 crore through QIP or FPO

The fundraising exercise will be done in one or more tranches during the next financial year, the state-owned bank said in a late-evening regulatory filing

SoftBank set to offload over 16% stake as part of OFS in FirstCry's IPO

PI Opportunities Fund-1 is expected to offload over 36 per cent stake and Mahindra & Mahindra would sell over 5 per cent stake as part of the IPO

IIL invests Rs 700 cr in new vaccine plant to combat livestock disease

Equipped with a BSL3 (biosafety level) facility for drug substance production and a Fill-Finish capability for final vaccine products, the unit will focus on combating two major livestock diseases

HUL changes distributor margin structure, increases variable components

Cuts fixed margins and increases variable margins for Bharat ke Shehar

US companies are picky about investing in China except fast-food chains

American fast-food chains have decided a market of 1.4 billion people is simply too delicious to pass up. KFC China's parent company opened its 10,000th restaurant in China last month

Apple supplier Luxshare to control Taiwan rival's iPhone assembly site

The acquisition is expected to give Luxshare a better chance at competing with Taiwan's Foxconn Technology Group, Apple's primary manufacturing partner

True North's Threpsi Care LLP sells stake in Zydus Wellness worth Rs 127 cr

Private equity firm True North's arm Threpsi Care LLP on Thursday divested a 1.23 per cent stake in Zydus Wellness for Rs 127 crore through an open market transaction.

Corporates relook at work-from-home policy as Covid cases resurge

India reports a single-day spike of 702 cases; 6 deaths

SpiceJet's resurgence could disrupt Indian aviation market: CAPA India

Earlier this month, cash-strapped SpiceJet announced it is going to raise a total of Rs 2,241.5 crore through issuance of equity and warrants

Zomato receives Rs 402 cr GST show cause notice, says 'not liable to pay'

The company claimed that it is not liable to pay the penalty for the period from October 29, 2019, to March 31, 2022

Jindal Stainless to generate 1.9 bn units of clean energy via green drive

The initiatives have the potential to reduce carbon emissions by over 13.52 lakh tonnes per annum

More than 196,000 cos, LLPs incorporated till Nov this year: Govt

Providing a review of the key developments during 2023, the ministry said in framework of corporate governance, it continues to focus on bolstering 'ease of compliance' and 'ease of doing business'

FirstCry's parent firm files DRHP; to raise Rs 1,816 crore via fresh issue

The Supam Maheshwari-led company proposes to utilise net proceeds from the offer towards funding the expenditure for setting up new modern stores, a warehouse and lease payments

Mukesh Ambani bats for young RIL, to keep average age of talent at 30s

The billionaire also set a target to grow RIL into the world's top ten conglomerates

Bank of Baroda hikes domestic retail term deposit rates upto 125 bps

Aims to increase share of short-term retail deposits

Automotive firm Emmforce Autotech files draft papers to raise funds via IPO

The public issue will be entirely a fresh issue of up to 55,00,000 equity shares, each with a face value of Rs 10, the company said in a statement on Thursday

Year Ender 2023: Shiv Nadar, Savitri Jindal make the biggest leap in wealth

Following is the list of top Indian Business Personalities whose net worth surged the most in 2023