Page 1037 - Company News

Comviva fined Rs 1 lakh for delay in CSR fund transfer to PM Relief

The Ministry of Corporate Affairs' body has ruled against an appeal filed by Comviva against the order of the Registrar of Companies, which imposed a penalty of Rs 1 lakh on the company for the delay

Investment firm BlackRock stake in Suzlon Energy surpasses 5% level

The filing showed that BlackRock has acquired 24,73,442 shares (0.02 per cent of total share capital) in Suzlon Energy, in addition to 68,02,13,598 shares

LIC amends norms for inclusion of shareholders' directors on its board

At present, LIC has five executive directors, including Chairman Siddhartha Mohanty, nine independent directors and one government nominee Director MP Tangirala

Air India pilot unions express concern over flight duty, rest period scheme

The two unions -- Indian Pilots' Guild (IPG) and Indian Commercial Pilots' Association (ICPA) -- in a joint communication to the Directorate General of Civil Aviation made the allegations

Chennai-based Shrinithi Capital aims to double AUM to Rs 600 cr by 2024

Under the expansion plan, Shrinithi Capital aims to increase its branch network from 50 to 80, extending operations to Kerala, Andhra Pradesh, and Karnataka, the statement added

Wipro Consumer Care-Ventures launches Rs 250 cr fund for startups

'Fund II' to bolster consumer startups in India, SE Asia with focus on innovation and growth

Tata Power acquires Bikaner-Neemrana Transmission Project via bidding

The company has acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation in India, a company statement said

Warning signs: Over 100 died in mishaps at India's top firms in FY23

The 33 companies had a combined employee strength of 2.9 million. For some companies, though, the employee strength may not include contract labour

Netflix, Viacom18 among streaming firms set to oppose broadcasting bill

The Bill proposes the formation of individual content evaluation committees with members from various social groups who will review and sign off on shows before they are released

Ola Electric clocks highest registration of 30,000 scooters in Nov

Company says it leads market with 35%, expects to continue its position

Margin gains likely to further boost Aster DM Healthcare stock price

The company had been keen to sell the stake in the GCC business for some time now given a hypercompetitive environment, lower growth (a third of the India business) and lower margins

Bharti Telecom buys 1.35% stake in Bharti Airtel for Rs 8,301 crore

The shares were acquired at an average price of Rs 1,023 apiece, taking the aggregate transaction value to Rs 8,301.73 crore

Air India completes title transfer of fourth A350 aircraft, says CEO

"We also took delivery of another two A320 neos that will commence service in December," Air India CEO and MD Campbell Wilson said

Centre says over 120,000 new companies incorporated during Apr-Nov

"1,22,317 Companies got incorporated from 1st Apr to 30th Nov 23 as against 1,15,233 incorporations last year for the same period

Adani Group to take call on Wilmar JV stake divestment in three months

"We are currently studying whether to keep or divest Wilmar stake," group CFO said

Adani Group plans $84 billion spending after Hindenburg market rout

During an annual address to shareholders in July, Adani announced grand expansion targets across his ports, energy and infrastructure businesses

Raymond independent directors hire lawyer to protect minority shareholders

Company's interests 'paramount consideration', they say as fight between chairman Gautam Singhania and his estranged wife pulls down market value

'Future-ready' HUL to split beauty and personal care biz on April 1

Announces key changes in management committee

Meta asked to clarify measures against child sexual abuse by Dec 22

The request for information was done under the EU's Digital Services Act (DSA), new tech rules requiring Big Tech to do more to police illegal and harmful content on their platforms

Warning Letter for Pithampur SEZ facility remains an overhang for Cipla

While some brokerages believe that the issue could escalate and be detrimental for Cipla, others believe that the Warning Letter was on expected lines and the impact may not be meaningful