Page 1023 - Company News

Mercedes-Benz India to hike prices of select models by up to 2% from Jan 1

Mercedes-Benz India sells a range of luxury vehicles starting from the A-Class sedan to SUV G63 AMG priced between Rs 46 lakh to Rs 3.4 crore

Disney, Reliance plan London meeting for India media merger talks: Report

Disney and Reliance have held talks to merge their India businesses by forming a joint venture company in which Ambani's media unit would hold a majority stake

Hindustan Coca-Cola Beverages plans to invest Rs 3,000 crore in Gujarat

HCCB already operates facilities at Goblej in Kheda district and Sanand in Ahmedabad district

Apple set to be hit by EU antitrust order in app store fight with Spotify

EU is putting the finishing touches to a decision that would prohibit Apple's practice of blocking music services from pushing their users away from the App Store to alternative subscription options

Pernod Ricard aims threefold jump in sales in Indian market by next decade

According to Pernod Ricard India MD Jean Touboul, the Indian market, currently ranked at number two globally, has the potential to become a leader in the next 10-15 years

India's e-retail market estimated to reach over $160 bn by 2028: Report

The market has experienced strong growth post-pandemic, with an estimated value of $57-$60 billion in 2023, according to the report

Agritech company Vegrow raises $46 mn in funding round led by GIC

Start-up will use the money to expand in India and strengthen global network

China challenge for Indian agrichemicals firm PI Industries

One positive from PI Industries' perspective is the diversification of its revenue base into pharmaceuticals

Patel Family acquires 1% stake in GMM Pfaudler for Rs 1,700 per share

Following the acquisition, the Patel Family's shareholding stands at 25.18% and they remain the largest shareholder of the company

Private equity firm Bain Capital sells $448 million stake in Axis Bank

Societe Generale, Goldman Sachs, UBS and Morgan Stanley were among the buyers of Axis Bank shares on Wednesday as Bain sold its stake, exchange data showed

Cloud-lending startup Lentra launches 3 AI products for financial sector

The company launched AI products, namely Lentra Convo, Lentra Insights, and Lentra Wingman, to serve lenders with solutions that enhance the lending processes

Moody's affirms Reliance Industries' Baa2 ratings, outlook stable

"The rating affirmation also reflects our expectation that continued earnings growth will keep RIL's credit metrics strongly positioned for its current ratings despite high ongoing capital spending"

SBI to sign Rs 630 crore LoC with Germany's KfW for solar projects

The agreement will be signed on December 14 at the bank's IFSC Gift City Branch in Ahmedabad, SBI said. The LoC is aimed at supporting Solar Photovoltaics (PV) projects in India

State-owned NBCC bags Rs 1,500 cr project management consultancy contract

NBCC said it has bagged the work order from National Cooperative Development Corporation (NCDC) and Primary Agriculture Cooperative Society (PACS) in various states

SAT quashes Sebi's Rs 7 lakh fine against RIL's Jio Financial Services

Earlier this year, Reliance Industries Ltd (RIL) demerged its financial services undertaking into Reliance Strategic Investments Ltd (RSIL) and renamed it as Jio Financial Services Ltd

M&M, investors to put Rs 875 cr in Classic Legends over next 2-3 years

CLPL revived heritage brands like Yezdi and Jawa. However, it has been able to gain significant market share in the premium segment, which is still largely dominated by Eicher Motors' Royal Enfield

Bank of Maharashtra raises Rs 259 cr at 7.99% through tier-II bonds

The issue had a base size of Rs 250 crore and a greenshoe option of Rs 750 crore

UltraTech to have 85% green energy mix by 2030 to meet sustainability goals

As an interim target for its sustainability objectives and targets, the AV Birla Group company plans to increase its total green energy share from its current 22 per cent to 60 per cent by FY26

Online delivery in Gurugram next year, offline store in 2: IKEA India CEO

Pulverer said that IKEA is also working on increasing sourcing from India, which currently stands at 30%

German firm TÜV SÜD invests 15 mn euros in lab test facility in Bengaluru

TÜV SÜD has 2,500 employees in India out of its total global headcount of over 30,000 employees. In India alone, the company recorded revenues of Rs 500 crore this year