Page 1039 - Company News

Auto-tech solution provider CarDekho Group merges Revv with itself

With this merger, CarDekho will be a majority shareholder in Revv, which has a diverse fleet of vehicles and a wide network, spanning across India

MG Motor India retail sales increase by 2% to 4,154 units in November

The automaker had sold 4,079 units in November 2022. EV sales continued to account for around 30 per cent of the total vehicles sold last month, MG Motor India said in a statement

Zydus Lifesciences receives USFDA approval for Ivabradine tablets

On Friday, shares of Zydus Lifesciences were up/down by 0.34 per cent, ending the day's trade at Rs 640 apiece on the BSE

Hinduja's Ashok Leyland witnesses 3% decline in total sales in November

The cumulative sales till November 2023 rose by 7 per cent, to 1,22,092 from 1,14,370 units sold in the same month of last year

Venture capital firm Anicut invests Rs 133 cr in TAO Digital Solutions

The funds shall be utilized by TAO Digital Solutions to acquire TriGeo Technologies to expand its Digitization services, Anicut Capital said in a statement

Bharti Telecom acquires 1.35% stake in Bharti Airtel through block deal

Bharti Telecom's stake in Bharti Airtel now stands at 39.59 per cent

Airtel explores $1bn fundraising to prepay majority of 2015 spectrum dues

Bharti Airtel bought a spectrum worth Rs 29,130.20 ($3.54 billion) during an auction in March 2015 out of which Rs 10,000-12,000 crore remains in dues

TVS Motor November sales: Total sales up 31% YoY to 364,231 units

TVS sold a total of 16,872 units of electric two-wheelers in November 2023 as against 10,056 units sold in November 2022

Google pushes for antitrust action against Microsoft in UK cloud market

In a letter submitted to the CMA, Google said Microsoft's licensing practices unfairly discouraged customers from using competitor services, even as a secondary provider alongside Azure

IHH seeks acquisitions in Indonesia, Vietnam; eyes turnaround in China

IHH is in the midst of reviewing its strategy for China where its operations are currently loss-making

CIL's coal output rises 11.5% to 460 mn tonnes during April-November

During the last month CIL's production increased by 8.7 per cent to 66 MT from 60.7 MT in the corresponding month of previous fiscal

Maruti Suzuki November sales: Total sales up 3.39%, SUV sales rise 50%

The mid-sized sedan, Ciaz clocked just 278 units last month as compared to 1,554 units in November 2022

Persistent Systems adds 4 execs to leadership team to fuel growth plans

Digital engineering services firm has a target of doubling annual revenue to $2 bn by 2026

Raymond reiterates commitment to protect interests of minority shareholders

Shares of Raymond have declined over 14 per cent in a month. In the past 12 trading sessions, the stock has declined 20 per cent

Tata Motors November sales: Overall sales drop 1% YoY to 72,647 units

Tata's commercial vehicle sales stood at 28,029 units in November 2023, which was down 4 per cent year-on-year from 29,053 units sold in November 2022

VST Tractors November sales: Total sales drop 19%, tractor sales down 46%

The company registered a rise in its YTD sales data until November 2023, which stood at 22,875 units, 6.9% more when compared to 21,393 units sold during the same period last year

Mahindra sales rise 21% to 70,576 units in November, export declines

The Mumbai-based automaker had dispatched 58,303 units in November 2022. Utility vehicle dispatches stood at 39,981 units last month

M&M November sales: Total sales up 21% to 70,576 units, SUV sales shine

Exports for November 2023 were down 42% year-on-year. Year-to-date exports until November 2023 also dropped 17%, reaching 17,986, compared to 21,633 units exported during the same period in FY23

Amazon India set for top-deck reshuffle, changes likely in structure

It will be the first such change in ten years of Amazon's existence in India

Bajaj Auto November sales: Total vehicle sales up 31%, exports struggle

Bajaj Auto also reported an impressive jump of 81% Y-o-Y for commercial vehicles, which went up from 177,671 to 321,140 units for November 2023