Page 1026 - Company News

RBI approves CS Rajan's appointment as Kotak Mahindra Bank chairman

Rajan, an IAS officer of the 1978 batch, was appointed as an Independent Director on the Board of Kotak Mahindra Bank, with effect from October 22, 2022

Troubled Meenakshi Energy Ltd becomes wholly-owned arm of Vedanta

The National Company Law Tribunal had earlier approved Vedanta's acquisition of Meenakshi Energy for Rs 1,440 crore

Kansai Nerolac Paints to sell Mumbai land to Runwal Group for Rs 726 cr

Real estate developers are buying land parcels outright and also entering into joint development agreements (JDAs) with landowners to expand their business amid a rise in housing demand

FirstCry's consolidated net loss widens to Rs 486 crore this fiscal

It had reported a net loss of Rs 78.68 crore and its revenue from operations was at Rs 2,401.28 crore for the financial year that ended on March 31, 2022

PE/VC investments in India fall 41% to $27.9 mn in 2023, exits increase

'Dip reflects a deliberate move by investors towards more selective investments'

Adani Group announces key partnerships, project wins in energy sector

The group's transmission entity, Adani Energy Solutions, said it has entered into a smart meter joint venture with Esyasoft Holdings Ltd.'s smart metering solutions arm

Smaller electric two-wheeler players unlikely to raise prices in 2024

The prices of E2Ws range from Rs 90,000 to Rs 1 lakh, the players being Lohia Auto, Godawari Electric, Emobi, etc

Jio, IIT-B collaborate on 'Bharat GPT', Akash Ambani announces TV OS launch

The company, a unit of Reliance Industries, is also "comprehensively thinking" to launch an operating system for televisions, he said, adding that it has been working on it for a while now

NTPC plans to list green energy vertical in next 1-2 years: Gurdeep Singh

The company is working on all the front -- coal-based vertical, more aggressively on the solar, green and going forward for the new fuels like green hydrogen chemicals, Singh said

Apple wins bid to pause smartwatch ban at US appeals court amid patent row

U.S. President Joe Biden's administration declined to veto the ban on Dec. 26, allowing it to take effect. Apple asked for a pause of the ban later that day

Delhi-NCR booked most Uber trips, Mumbai topped late-night bookings in 2023

Uber trips during the year covered a record 6.8 billion kilometres, enough to traverse the entire 6.37-million-kilometre road network in India more than a thousand times over, Uber said in its report

In non-cigarettes push, how ITC built more than 25 FMCG mother brands

As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses

9.12 bn merchant transactions made via Paytm in second quarter of FY24

When it comes to making most payments from midnight to 6 AM, Delhi emerged as Paytm's night owl, outshining cities like Hyderabad, Bengaluru, Chennai, and Goa, the release said

Slew of launches, robust pipeline to drive growth for Godrej Properties

With inventory levels still declining, and pricing strong, developers are pushing for new launches in 3Q to capitalize on the demand, says Jefferies Research

Power utility firm CESC approves proposal to raise Rs 300 cr through NCDs

Under the first issuance, 20,000 NCDs having a face value of Rs 1,00,000 each, for cash, at par aggregating to Rs 200 crore, will be issued on a private placement basis

PCBL Ltd receive CCI approval for Aquapharm Chemicals acquisition

The Competition Commission of India (CCI) has granted its approval to the deal under the green channel route

Few shares of Keshub, Sudha Mahindra in PMSL transferred to family members

The transmission disclosed herein involves a change in the shareholding/voting rights of PMSL as a result of the transmission of certain shares of PMSL, and does not pertain to shares of M&M directly

India inc CEOs expect higher capital expenditure, value-added exports

Top executives from leading companies in the power and steel sector - JSW Steel and NTPC, also indicated a strong capex cycle is likely to continue

L&T wins upward of Rs 5,000 cr order for Saudi Arabia's Amaala project

AMAALA is an ultra-luxury destination situated in the Prince Mohammed bin Salman Natural Reserve along Saudi Arabia's northwestern coast

State Bank of India hikes retail, bulk deposit rates up to 50 bps

The term deposits upto Rs two crore are categorised as retail deposits and those above it are considered as bulk deposits