Page 1046 - Company News

Sugar to remain mainstay of business amid ethanol expansion: BCML

A top company official revealed that the company has no immediate plans to venture into sugar retail

DB Realty promoters sell nearly 3% for Rs 301 cr; reinfuse capital

The promoter group has infused back a substantial portion of the proceeds (net of tax) into the company as repayment of related party transactions and unsecured interest free loan, it added

Adani Group stocks add $15 billion in best day since Hindenburg report

The jump added more than $15 billion to the ports-to-power conglomerate's market value, the most since Hindenburg Research in its Jan. 24 report

Netweb Technologies partners with Nvidia to boost AI infra in India

Netweb will build and produce more than ten server variations under its Tyrone range of AI systems

Vodafone Idea likely to miss December deadline to raise funds: Report

The delay in plans to raise fresh funds is crippling the telco's plan to launch its 5G services

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

Fast-fashion retail giant Shein may go public with US IPO filing

The Chinese retail giant, now headquartered in Singapore, is estimated to be valued over $60 billion

HSBC hires UBS's Gautam Anand for role serving India's rich diaspora

Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1, according to an internal memo seen by Bloomberg News

Musashi targets 25% market share in EV transmission components by 2028

This investment will be used to establish new assembly lines for EV transmission components and to upgrade existing facilities

Kedaara Capital backs decision made on ESOPs issued to Religare Chairperson

The clarification comes amid allegations by the Dabur family, which is trying to obtain a controlling stake in Religare Enterprises Ltd (REL), that Saluja allegedly violated IRDAI and Sebi norms

Foxconn's Hon Hai to expand footprint in India with $1.6 bn investment

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Not involved in collapsed Uttarakhand tunnel's construction: Adani Group

The conglomerate marked the allegations, which stated it held shares in a company that constructed the Silkyara-Barkot tunnel, as 'nefarious'

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

Q2 of 2023-24 saw a profit metamorphosis as standout firms marked the biggest earnings upgrades

Indian GCCs emerge as stepping stone on the route to corner office

The number of MD promotes from India has grown 16.6 per cent despite the global MD promotion class size shrinking by 5.4 per cent as compared to 2021

Bhutani Infra sells all retail units in Noida project in 12 hours of launch

Industry sources said the sale of retail space in phase one of Avenue 133 has fetched over Rs 1,000 crore for the real estate developer, with price ranging from Rs 24,000 sq ft to Rs 40,000 sq ft

Private equity company True North enters the private credit segment

True North's 'Performing Credit Regular Income Fund' bridges the supply-demand gaps with custom solutions for middle-market companies

Tajpur port project: Adani awaits LoA, Bengal seeks clarity on MHA nod

West Bengal Industry Minister, Shashi Panja, said that there was a provisional letter of intent (LoI), which was given to APSEZ (Adani Ports and Special Economic Zone) last year

Dish TV calls EGM to seek shareholders' approval to appoint directors

DTH operator Dish TV on Monday said it has called for an extraordinary general meeting on December 22 to seek shareholders' approval to appoint directors.

HDFC Securities launches mobile trading app HDFC SKY on AWS cloud

With AWS, HDFC Securities is expected to reduce its annual IT infrastructure and management costs by up to 50 per cent as compared to using on-premises infrastructur

TCS ties up with Amazon Web Services to launch generative AI practice

The country's largest IT services exporter TCS on Monday announced its tie-up with Amazon Web Services to launch a dedicated generative artificial intelligence practice.