Page 1169 - Company News

NCLAT to start hearing Google plea against CCI penalty from Nov 28

On October 25, 2022, CCI slapped a penalty of Rs 936.44 crore on Google for abusing its dominant position for its Play Store policies

OYO set to report maiden profit of over Rs 16 crore in Q2: Report

Agarwal informed that as per the just-released annual report, the company's revenue from operations stood at Rs 5,463 cr in FY23, up from Rs 4,781 cr in FY22, marking a nearly 14% increase

Samsung to start manufacturing laptops in India from next month: Report

The laptops will be made at Samsung's Noida plant, which currently produces mobile phones

Mercedes on track to continue record sales in 2023 amid surging demand

Iyer said the company expects double digit sales growth this year even as multiple challenges exist in the market

Akasa Air in the middle of crisis: How bad could the pilot shortage be?

With Indian aviation staring at a potential scramble for pilots, airlines such as Akasa can feel deflated

Amazon to invest $4 bn in AI startup Anthropic amid growing tech battle

Amazon is investing up to USD 4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said on Monday

Apple's Indian contract unit temporarily halts iPhone assembly after fire

Taiwanese firm cancelled first two shifts of day at factory near the city of Chennai in Tamil Nadu state, and is yet to inform assembly workers whether it will operate third shift of day

RIL arm, other backers to throw lifeline to quick commerce firm Dunzo

$35 mn fundraise may go through within a week

DB Realty to acquire stakes in 3 hotels for more than Rs 2,300 cr

Mumbai-based D B Realty Ltd on Monday said it will acquire shares in Bamboo Hotel Global Centre, Goan Hotels & Realty and BD And P Hotels for more than Rs 2,300 crore.

Burmans seek control of Religare Enterprises, make open offer to buy 26%

The entities are now looking to acquire 90,042,541 shares at a face value of Rs 235 per share

Strides Pharma to spin off CDMO, gelatin business into separate entity

OneSource is created by merging Strides' soft-gel business and SteriScience CDMO injectables business into current Stelis

RIL seeks postal ballot vote for Ambani third-gen's board appointment

In August, the company's board had approved the proposal of the three appointments, seen by many as the start of succession

Flipkart Ventures invests in five early-stage technology startups

These investments are a part of the accelerator programme - Flipkart Leap Ahead (FLA)

Google, Walmart ask Bengaluru staff to work at home amid state water row

The dispute over who gets access to the water has been a source of friction between the states of Karnataka and Tamil Nadu for more than a century

Kishore Biyani moves Bombay HC against forensic audit of Future Retail

The deadline to complete the CIRP of FRL was September 15. This was the third extension by the Mumbai bench of the National Company Law Tribunal

Reliance Industries may transform into holding company: CreditSights

Reliance and its debt/ bonds would become structurally subordinated to any additional debt assumed at operating subsidiaries, and will become more reliant on dividend upstreaming to service its debts

Aditya Birla Finance aims to raise Rs 2K cr via non-convertible debentures

The NCDs are divided into three maturity options of three years, five years, and 10 years

RBI imposes penalty on 3 state-owned banks including SBI, Indian Bank

RBI said a penalty of Rs 1.62 crore has been imposed on Indian Bank for contravention of certain directions on 'Loans and Advances Statutory and Other Restrictions', KYC

Most valuable India firm RIL hits oversold level after six-month gap

The stock dropped 0.7% to 2,339.50 rupees in provisional close on Monday, poised to breach its 200-day moving average

Bombay HC reserves order on plea maintainability in Akasa-pilot matter

The order, which will now be pronounced on 27 September, will decide if the troubled airline can proceed with the case before the Bombay High Court