Page 1156 - Company News

True North to sell 20% stake worth $325 million in Niva Bupa Insurance

Niva Bupa, a joint venture between British United Provident Association (Bupa) and India's True North, offers health insurance through more than 20 bank partners

Moody's upgrades Tata Power rating to Ba1, maintains stable outlook

According to a report from Moody's, the rating upgrade to Ba1 is driven by Tata Power's solid financial metrics, which are projected to remain above the upgrade trigger set for the earlier Ba2 rating

Dee Development Engineers seeks Sebi nod to raise funds through IPO

SBI Capital Markets and Equirus Capital have been appointed as merchant bankers to manage the company's maiden public issue

Godrej Properties acquires 109-acre land in Nagpur to expand business

Godrej Properties, an arm of business conglomerate Godrej Industries, is one of the leading real estate developers in the country

EKI Energy Services picks up 26% stake in WOCE Solutions for Rs 80 lakh

EKESL said the acquisition will enhance the company's sustainability services by extending the facility to calculate and track carbon footprint

Danish alliance's copyright notice could change the way AI is designed

Lawsuits prompt calls for transparency and compensation in the world of generative AI

S&P Global Ratings downgrades Vedanta Resources, puts it on credit watch

Vedanta to spin off, list six businesses to fuel growth

NHAI can monetise Rs 2 trn from HAM assets during FY24-27: Report

The National Highway Authority has the potential to monetise around Rs 2 lakh crore from its HAM assets between fiscals 2024 and 2027, according to a report.

Vedanta to spin off, list six businesses to attract big-ticket investment

The six units being planned to be listed are Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Limited

Vedanta raises funds at higher rates amid company rejig, say bankers

The company will offer a coupon of 12%, payable on a quarterly basis to investors of the issue, which is unrated, bankers said, adding that the coupon on an annualised basis works out to be around 13%

L&T Finance to provide up to 100% loan on Ather EV's on-road price

The amount of loan being financed will be determined based on the credit profile of the customer of Ather Energy

Berger Paints expects margin stability amid rising crude oil prices

Production of paint heavily depends on crude-based derivatives which are used as raw materials

JioMart witnesses seven-fold increase in monthly orders through WhatsApp

With an end-to-end shopping experience within WhatsApp, JioMart has been able to engage consumers hesitant to shop online, according to a company statement

Novo Nordisk India head eyes 2026 Wegovy launch, warns against copycats

He urged patients not to buy copycat versions of Wegovy, warning they could be unsafe

MEIL secures Rs 5,400 crore crude oil refinery project in Mongolia

"MEIL has clinched a significant deal in Mongolia. The company received a Letter of Agreement (LOA) for constructing a state-of-the-art crude oil refinery plant valued at $648 mn,'' the company said

Lupin gets EIR Status from US FDA for Nagpur Unit-1 manufacturing facility

The EIR was issued following the facility's inspection conducted in July 2023

Wave Group to invest Rs 100 crore to expand film exhibition business

Wave Group has businesses across verticals such as commercial and residential real estate, malls and multiplexes, residential township & land development, etc

Magicpin partners NCCF, ONDC to sell groceries at low price in Delhi-NCR

Under the new arrangement, magicpin has started sale of Chana Dal at Rs 120 per kg and onions at Rs 50 per 2 kg, catering to more than 100 pin code areas in the National Capital Region (NCR)

Hyderabad-based Megha Engineering gets $648 mn contract in Mongolia

Upon completion, the refinery is expected to process 1.5 million metric tons of crude oil annually, catering to Mongolia's domestic demand for gasoline, diesel, aviation fuel, and LPG

Hindustan Zinc plans to create separate entities for its commodities

Hindustan Zinc Ltd said in a statement that it would create different legal entities for its zinc & lead, silver, and recycling businesses