Page 1175 - Company News

Myntra to introduce changes to its return policy, lower convenience fee

Myntra said that flat charge of Rs 199 to Rs 299 per order may impact user behaviour that is adverse to Myntra's business and is likely to affect not just high-return users but also their wider circle

Torrent in talks with Apollo to borrow up to $1 bn for Cipla bid: Reports

Torrent has also been in talks with CVC Capital Partners and Bain Capital who might become equity partners in a consortium and contribute as much as a combined $1.5 billion to the deal, sources said

Nestle to sell 40 gm Maggi packets for Rs 10 to expand market share

Price points such as Rs 5 and Rs 10 are easier to remember and are perceived as being affordable by customers

NHAI arm to develop logistics park in Bengaluru at Rs 1,770 crore

The agreement has been signed between Bengaluru MMLP Pvt Ltd -- a government Special Purpose Vehicle (SPV) -- and concessionaire SPV M/s PATH Bengaluru Logistics Park Pvt Ltd

Govt extends deadline for filing tax returns by companies, audit reports

The due date for furnishing audit reports by companies who need to get their accounts audited has been extended by one month till October 31

Ummeed Housing Finance receives sanction of upto Rs 160 cr from US DFC

The company said it is backed by the four marquee investors -- Norwest Venture Partners, Morgan Stanley Private Equity Asia, Lightrock, and CX Partners

Maharashtra govt issues order for implementation 'adopt a school' scheme

The money will be utilised for physical infrastructure, including repair works of school building, colouring, providing toilets, creating infrastructure and buying sports equipment, official said

Adani-Hindenburg saga: Plea cites conflict of interest, seeks new SC panel

The next hearing in the case is likely on October 13

Drugmaker Biocon appoints Peter Bains as group CEO effective immediately

Bains, who was named as an independent director of the Biocon board in December last year, stepped down on Monday to assume the top charge, the company said in a statement

Newer biz contributed to one-third of Nykaa's GMV in FY23: Falguni Nayar

Nykaa's beauty and personal care (BPC) owned brands contribute to 11.9 per cent of its overall BPC GMV, while its Fashion-owned brands contribute 12.9 per cent to the overall Fashion GMV

NCLT orders liquidation of Overnite Express with immediate effect

While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP, there is relaxation for MSMEs

Tata airlines: Air India Express, AirAsia India commence interline bookings

Budget carrier AirAsia India, which has been rechristened as AIX Connect, flies on domestic routes, while Air India Express operates on overseas routes

Bajaj set to launch its 'biggest ever' Pulsar by March, says MD Rajiv Bajaj

In the premium segment, where the motorcycles are priced at prices above Rs 1.7 lakh, Bajaj has sold about 8,000 units per month

Edtech giant Byju's regrets 'delays' in settling dues of laid-off employees

According to the new timeline provided in an email to sacked employees, employees can now expect to receive their outstanding payments by November 17, as against the earlier September 15 deadline

Challenges galore for Foxconn's ambitious expansion plans in India

Firm expects the electronic manufacturing services market to boom

Tata Steel investment positive for UK ops, but stock has not moved much

The company will also have to consult unions and other stakeholders during this process and that could take up to two months

E-scooter maker Ather readies new models, exports after subsidy cuts

India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030

Torrent Gas commences supply of piped cooking gas to Patiala households

The firm said Punjab government minister for new and renewable energy Aman Arora announced the start of supplies to 101 piped gas connections at a function in Patiala on Monday

Finance ministry raises gratuity limit and insurance cover for LIC agents

Brings in uniform family pension rate at 30% for LIC employees

Tata Motors to raise CV prices by up to 3%, third price hike in 2023

The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms