Page 1014 - Company News

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

Ratan Tata to divest all his 77,900 shares of FirstCry in upcoming IPO

Tata became an investor in the company in 2016 by infusing Rs 66 lakh initially. He was allotted preference shares of the company

Black Box eyes 3x growth to $2 bn by 2027 with focus on critical infra

Indian IT company Black Box is expecting a threefold increase in revenue to $2 billion over the next three years, driven by demand for critical technological infrastructure

Sirius, Adani to create JV, aims at transforming $175 bn digital economy

Sirius JV seeks deployment of cutting-edge Artificial Intelligence (AI), Internet of Things (IoT), and Secured Blockchain

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

AI, diversity, inclusion will take centre stage in 2024: Indeed survey

Employees and employers geared up to adopt artificial intelligence at the workplace, with 59 per cent of employees are very confident in their ability to adapt and utilise AI tools, says a survey

Mahindra & Mahindra gets Rs 56 lakh tax penalty, company to challenge

The office of the Assistant Commissioner, Division-IV, CGST & Central Excise, Ahmedabad South imposed a penalty in relation to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL)

Adani Group steps into AI joint venture with West Asia backer IHC

Adani Global Ltd. and IHC's Sirius International Holding Ltd. will own 49% and 51% respectively in the Sirius Digitech International Ltd., which will be based in Abu Dhabi

LIC in discussion with RBI for access to debt data via CRILIC: Mohanty

Central Repository of Information on Large Credits (CRILICS) is an RBI-run database of credit exposures of various lenders including those towards non-performing borrowers

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

Bata India receives Rs 60 crore notice from sales tax authorities

The notice dated December 27, 2023, pertains to several issues raised in a final audit report on December 25, for the 2018-19 financial year, according to the filing

Firstcry's parent firm Brainbees Solutions files papers to go public

Firstcry IPO: Brainbees Solutions will sell shares worth Rs 1,816 crore and existing investors, including SoftBank, will sell up to 54.4 million shares

CCI clears stake acquisition in RCap by IIHL, IIHL BFSI (I) Ltd, Aasia

Reliance Capital Ltd (RCL) is an RBI-registered non-banking, non-deposit-taking systemically important company (NBFC-CIC-ND-SI). It is engaged in the financial service sector

Suzlon bags 300 MW project from Apraava Energy to supply wind turbines

Suzlon will instal 100 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower, and a rated capacity of 3 MW each at the client's site in Karnataka, a company statement said

ICRA assigns AA+ rating to Adani Ports on strong business profile

While ICRA said its rating factors in the company's strong business profile, India Ratings said it continues to take a consolidated view of the company and its subsidiaries

Pratt & Whitney engines caused damage of Rs 10,000 crore to Go First: Wadia

Nusli Wadia said that P&W engines started failing right from the earliest delivery in 2017 'not just once, but several times'

Food delivery app Zomato gets Rs 402 cr show cause notice over unpaid GST

Zomato said that it was not liable to pay any tax on delivery charges as it was collected on behalf of the delivery partners

The late-night email to Tim Cook that set the Apple Watch saga in motion

Masimo's goal, people close to the matter say, was for the ITC to impose its ban in the summer

Foxconn invests fresh capital of around Rs 461 crore in Bengaluru unit

The company has made the investment through its Singapore-based subsidiary Foxconn Singapore Pte Limited

IPL Biologicals to set up facility in Gujarat with Rs 400 crore investment

The company signed a memorandum of understanding with the state government agency, Gujarat State Biotechnology Mission, in the presence of Chief Minister Bhupendra Patel