Page 1043 - Company News

India's growth story is going to be distinctive and unique: Rohit Jawa

At the 188th Foundation Day Celebration by the Bombay Chamber of Commerce & Industry, Jawa said in his keynote address that India's digital landscape is a key accelerator for growth

Not evaluating any divestment options for API business, says Biocon

Biotechnology major Biocon on Friday said it is not evaluating divestment options for its API business.

UltraTech eyeing Volume expansion in south, unlikely to disturb prices

Deal with Kesoram Industries likely to add 10.75 million tonnes capacity under UltraTech Cement's fold

Prateek Gupta loses bid to lift freezing order in Trafigura fraud case

Gupta has said in his defence that Trafigura staff devised the scheme at the centre of the case to substitute low-value metals such as scrap for high-grade nickel

US opens probe into over 450,000 Nissan vehicles on engine failure concerns

The Japanese automaker has looked to address main bearing and L-link damage or seizures on the engines by introducing multiple manufacturing process changes over time, the regulator said

NTPC Mining logs 23.22 MMT coal output in FY24 so far, surpasses FY23 total

The milestone was achieved in record 257 days, taking 108 less days than in FY23, recording year-on-year growth of 77 per cent in coal production and 88 per cent in dispatch

NTPC seeks public nod for Sipat project expansion in Chhattisgarh

Set up with an approximate project Cost of Rs 7,000 crore, the unit does not require any additional land or water allocation. The plant is receiving water from the Hasdeo River

Cipla invests Rs 42 crore in GoApptiv to enhance healthcare access

Cipla's move aligns with its vision to strengthen investments in channels and technologies

LTIMindtree expands presence in LATAM, opens delivery centre in New Mexico

The delivery centre, inaugurated on December 14, will enable workforce transformation and localisation for LTIMindtree in the Americas

E-commerce firm Meesho says added 25,000 non-GST sellers in 2 months

Company says it is 'committed' to goal of goal of digitising 10 million sellers by 2027

Centre formally allocates Latehar coal block in Jharkhand to NLC India

This coal mine has reserves of 434.65 million tonnes and its peak rated capacity is three million tonnes per annum

Disney-Reliance merger may be beset with antitrust headaches: Experts

One key area of regulatory scrutiny for a Disney-Reliance merger would be their streaming businesses and their power over advertising during cricket

Banking scion Vishal Kampani eyes hiring push to meet dealmaking boom

The Mumbai-listed company is seeking to hire at least seven senior investment bankers in the coming year for sectors such as industrials and digital technology

Samvardhana Motherson Intl to acquire Lumen Gr, Deltacarb SA for Rs 575 cr

The acquisition of Lumen group is expected to be closed by the fopurth quarter of FY2023-24 subject to satisfactory completion of all conditions precedent, SAMIL added

Bain Capital nominee Ashish Kotecha steps down from board of Axis Bank

This comes after the direct shareholding of entities affiliated with Bain Capital in the bank came down below two per cent

Ammunition manufacturing: MoD inks Rs 5,336 cr contract with BEL

The 10-year contract between the defence ministry and BEL has been signed for the procurement of electronic fuzes for Indian Army

Biocon considers selling generic API biz; turn into biosimilar major

The generic API business has been one of the primary businesses for Biocon, however, in recent years, the segment's contribution towards the company's consolidated financials has declined

NCLAT refuses to stay Zee-Sony merger, case now to be heard in January

IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT), which approved the Zee-Sony merger

Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds

The bank's shares were trading at Rs 219.20 apiece on BSE, down 0.36 per cent over the previous close

Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIIs

Bulk of the proceeds from the QIP will be used to pare down debt furthermore providing us capital to pursue the fast-growing solar EPC markets in India and abroad, company's Global CEO said