Page 1045 - Company News

Slice of success: Have Zomato, Swiggy finally figured out the right recipe?

Zomato reported its first-ever profit of Rs 2 crore in Q1 FY24

Amazon won't have to pay $273 million in back taxes after winning EU case

The ruling by the EU's top court is final, ending the long-running legal battle over tax arrangements between Amazon and Luxembourg's government and marking a further setback for the antitrust chief

Hero MotoCorp appoints Vivek Anand as CFO; Rachna Kumar as CHRO

The Company has appointed Vivek Anand as Chief Financial Officer (CFO) and Rachna Kumar as the Chief Human Resources Officer (CHRO)

Adani Group reports 13.7% rise in cash reserve to Rs 45,895 crore

Adani said while Ebitda rose to Rs 71,253 crore in April-September this fiscal from Rs 57,219 crore a year back, gross assets increased 6 per cent to about Rs 4.5 trillion

Shree Cement commissions high capacity kiln for Rs 3,500 cr Rajasthan plant

Shree Cement Limited on Thursday announced the commissioning of a kiln at its new integrated production facility in Nawalgarh, Rajasthan, with a rated capacity of 11,500 tonnes per day.

Adani Energy Solutions incorporates Gujarat-based Sunrays Infra Space Two

Adani Energy Solutions on Thursday announced the incorporation of a wholly-owned subsidiary Sunrays Infra Space Two Limited on December 13, 2023.

Adani Ports plans to issue $120 million rupee bond sale, first since 2021

Flagship Adani Enterprises Ltd. became the first of Indian billionaire Gautam Adani's firms to sell local-currency bonds, since being targeted by US short seller Hindenburg Research in January

Tata Tech sets up vehicle-software focused Innovation Centre in Tamil Nadu

The first kind of facility in Coimbatore, about 550kms from here, would focus on innovating solutions for global customers through development, testing and integration of vehicle software solutions

Infibeam Avenues picks up 49% stake in Ahmedabad-based Pirimid Fintech

The partnership aims to combine Infibeam's digital payments and AI-based frameworks with Pirimid Fintech's capital market trading software for its clients nationwide and globally

BluPine Energy ties up Rs 511 crore green loan for Gujarat solar project

The green loan financing for the project has been secured through leading global banking institution Standard Chartered, a company statement said

Nippon Paint announces acquisition of VIBGYOR Paints and Chemicals

After the acquisition, VIBGYOR Paints and Chemicals will become a division of Nippon Paint India, leveraging its resources and reach to further its growth and market leadership

Pawan Munjal-backed Exponent raises $26.4 million in Series B round

The fund would help the firm to deploy 1,000 e-pumps (charging stations) and have 25,000 EVs powered by Exponent by 2025

Cognizant gears up to advance women in leadership with new programme

In India, nearly 40 per cent of Cognizant's associates are women, compared to the IT industry gender diversity average of 36 per cent

Ontario Teachers' to acquire 30% stake in Mahindra Susten for Rs 2,371 cr

The companies will also establish an Infrastructure Investment Trust (InvIT) comprising renewable power assets of Mahindra Susten with an operation capacity of 1.54 GWp

Audi, ChargeZone inaugurate ultra-fast charging station in Mumbai

Claiming to be India's first ultra-fast charging station, it has a total capacity of 450 KW, which delivers 360 KW of power to an electric vehicle, Audi India said in a statement

Azad Engineering receives Sebi's approval to raise Rs 740 crore IPO

Azad Engineering supplies products to global original equipment manufacturers (OEMs) in the aerospace and defence, energy, and oil and gas industries

Auto component maker Happy Forgings to launch Rs 1,008 crore IPO on Dec 19

The maiden public issue will open for subscription from December 1921, and the anchor book will be opened for a day on December 18

Volvo Car India to hike prices up to 2% from Jan due to rising input costs

"The decision to adjust prices is in response to evolving market dynamics, forex exchange rate fluctuations, and rising input costs," Volvo Car India MD Jyoti Malhotra said

Gautam Adani's copper foray may further tighten global supply of ore

India's imports of copper concentrate could grow to as much as 2 million tons in 2024, from 1.3 million tons estimated for this year, said Soni Kumari, commodity strategist at ANZ Banking Group

Adani Green Energy announces incorporation of step-down subsidiaries

Earlier this month. Adani Green also announced that it has sealed its largest project financing of a $1.36 billion senior debt facility