Page 1126 - Company News

Maruti to pay $1.54 billion in stock to Suzuki Motor for local plant

Maruti will issue 12.3 million preference shares at Rs 10,420.85 each, which is a 2.7 per cent discount to the stock's closing price on Monday. The stock dropped 0.6 per cent on the day

NCLT has considered SBI petition for withdrawal: Bajaj Hindusthan Sugar

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

Space-tech startup Agnikul Cosmos raises Rs 200 crore, eyes expansion

With the successful closure of a Series-B fund of Rs 200 crore (USD 26.7 million), the startup has increased its total capital raised till date to USD 40 million

Ambani's youngest son, Anant, faces proxy firms' pushback on board seat

"A vote against this resolution is warranted as Anant Ambani's limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said

War cry for 50%: Maruti's rise to number 1 in SUVs is the result of rejig

Hatchbacks still constitute 30 per cent of the passenger vehicle market. The top three cars in India are still small cars: Swift, Baleno and WagonR. Incidentally, all three are Maruti models

Meesho sees record 16 mn new app installs during Mega Blockbuster sale

With 1.2 billion customer visits, categories such as home and kitchen, fashion as well as beauty and personal care garnered more than 72 orders per second

Godrej Interio aims Rs 450 crore revenue from north India by FY26

Besides, it also looks to almost double its market share in the organised furniture sector in Delhi-NCR, the biggest market in north zone, within the next three years, the company said

Grasim Industries to raise Rs 4,000 crore through rights issue of shares

The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024

Groups working overtime to harm our name: Adani Group on Dubey-Moitra spat

In its statement the Adani Group said these charges reveal an arrangement to hurt the groups reputation

India should look at making niche, medium-sized vessels: Cochin Shipyard MD

''The general perception is that the focus should be building all those large bulk carriers or tankers for making India as a manufacturing base for ships,'' he said

Jio Financial Services' net profit doubles sequentially in Sept quarter

A R Ganesh appointed group chief technology officer

Muted revenue growth, higher profitability for RIL in quarter ending Sept

RIL's refining segment gains are expected to be partially offset by a slump in petrochemical margins and planned shutdowns at the refining facilities

Bitcoin gives up gains after BlackRock denies ETF approval report

In a post on X, Coin Telegraph apologized for its earlier post, which it said "led to the dissemination of inaccurate information"

TPREL & Endurance Tech to set up 12.5 MW captive solar plant in Maharashtra

The project is expected to be completed within 12 months of the signing of the PDA

Ford executive chair Bill Ford calls on autoworkers to end strike

Last week 8,700 union members walked out at the largest and most profitable Ford plant in the world, the Kentucky Truck Plant in Louisville

Bofa Securities, Societe Generale offload Delta Corp shares worth Rs 56 cr

Following the sale, shares of Delta Corp tumbled 8.18 per cent to close at Rs 128.55 apiece on the NSE

Chennai firm Data Patterns inks strategic MoU with Isro, to acquire SAR

SAR technology is capable of generating high-resolution images from space, unaffected by weather conditions, and can collect data during both day and night

NLCIL incorporates wholly-owned arm NIGEL for commissioning green projects

NIGEL will take care of planning, participating in upcoming renewable energy tenders, execution and commissioning of green energy projects, NLC India Ltd (NLCIL) said in a statement

BimaKavach receives IRDAI's approval for direct insurance broking

In 2022, the company secured $2 million in funding from WaterBridge Ventures, Blume Ventures, Arali Ventures, and Eximius Ventures

AI startup Leucine gets $7 mn funding from Ecolab Inc, angel investors

Leucine's platform can be rolled out in as little as eight weeks, thanks to its proprietary AI-enabled digital process builder