Page 1116 - Company News

Unilever CEO Schumacher's strategy plan fails to excite investors: Report

Consumer goods industry has struggled for more than two years with soaring costs

Wardwizard to invest Rs 2,000 cr to develop EV ancillary cluster in Gujarat

With a significant Rs 2,000 crore investment, we fortify the local ecosystem, generating 5,000 employment opportunities and driving a greener, self-reliant India, Yatin Sanjay Gupte said

Airtel logs 1.7 mn unique 5G customers in Northeast, covers 110 districts

In October, Bharti Airtel said it has over 50 million unique 5G customers on its network

ONGC hopes to recover over $500 mn dividend as Venezuela sanctions eased

The Biden administration on Wednesday eased sanctions on Venezuela's oil sector after the government and opposition parties reached a deal for the 2024 election

Zen Technologies secures Rs 100 cr order from MoD for tank training system

Zen Technologies had won an order for anti-drone systems worth Rs 227.65 crore and orders worth Rs 202 crore from the defence ministry earlier this year

Toyota initiates process to enhance manufacturing capacity in India

"After Covid, the market recovery is very strong (in India) in comparison to other countries so we believe demand itself is very strong in India," the company executive said

Here's why Disney's deal to sell Indian ops will follow Murdoch's logic

The Star India business came to Disney as part of a $71 billion global acquisition of 21st Century Fox Inc.'s entertainment assets

TCS gets notice from Maha Labour Ministry over lateral onboarding delay

While the number of lateral employees impacted by this delay could not be confirmed, according to NITES complaint filed in July, over 200 employees were impacted

GMR Airports purchases 11% more stake in GMR Hyderabad Airport for $100 mn

GAL also owns a majority in Delhi International Airport Limited (DIAL), which runs the Delhi airport

Renault lines up € 3 bn investment, 8 new models to expand global reach

International Game Plan for 2027 to include areas outside Europe, including India

Essar plans to make Saudi Arabia regional hub to drive expansion locally

Saudi Arabia has been trying to shift its economy away from oil and is aiming to manufacture more than 300,000 cars annually by 2030

Hinduja aims for value creation of $35-40 bn from the BFSI sector by 2030

Hinduja further said once Reliance Capital is acquired it will remain as a separate entity

Jio can deploy 5G cell every 10 sec, deployed 85% 5G in India: Akash Ambani

"We remain fully committed to achieving the full potential of a digital India, and to help India become a leader on the global stage," Ambani said

UltraTech Cement may present details of second phase of expansion by Dec

Company likely to present details of its second phase of expansion by December this year

India's copper industry has a new entrant, incumbents not worried

For 2022-23 (FY23), India's domestic copper production was estimated at half a million tonnes

NFRA probing Adani Group's auditor SR Batliboi, an EY member firm

In a statement on Wednesday, Adani Group rejected any suggestions that the company and its business have not acted as per the regulations and accounting standards of the jurisdictions they operated in

SR Batliboi, an Adani Group auditor and EY member firm, faces NFRA inquiry

The National Financial Reporting Authority, or NFRA, has in recent weeks started an inquiry into one of the member firms of EY in India

We don't see rolling back of prices as an imminent issue: Nestle India

The company is also increasing its advertising and promotional spends, particularly digital spends

Tech Mahindra Q2FY24 result: Net profit down 61.6%, revenue drops 2%

The company is currently undergoing a leadership change and restructuring, which will take effect from January 1, 2024, under incoming CEO Mohit Joshi

NCLT dismisses petition against Bajaj Hindustan after withdrawal by SBI

The company owed banks about Rs 4,771 crore and had availed itself of two debt-restructuring schemes, leading to steep haircuts taken by the lenders