Page 1222 - Company News

Escorts Kubota mulls sale of railway equipment unit to focus on tractors

Its railway equipment business makes brake systems, couplers, suspension systems, friction and rubber products. It accounted for 10% of Escorts Kubota's revenue in fiscal 2023, but clocked 32% YoY

Succession at Reliance: Here is what we know about the Ambani siblings

The 66-year-old elevated his three children as non-executive directors to Reliance's board and said he will spend the next five years of his chairmanship preparing them to take charge

Gensol Engineering bags EPC projects worth Rs 101.6 crore in Dubai

The Engineering, Procurement, and Construction (EPC) projects have been secured from Dubai Government Workshop Warehouse and Dubai Police, the company said in a statement

Vedanta seeks to identify its dollar bondholders as $2 billion debt looms

Vedanta has engaged a corporate advisory firm Morrow Sodali to identify owners of notes that mature in January 2024, August 2024 and March 2025, according to a notice sent last week

NBCC bags Rs 66 cr order from Indian Medical Association to plan IMA House

In a regulatory filing on Monday, NBCC said it bagged a project management consultancy work order worth Rs 66.32 crore from the Indian Medical Association (IMA)

Arnab Roy to be Maruti Suzuki's new CFO from January 1, Ajay Seth to retire

Ajay Seth, current CFO of the company, will step down from his post on December 31 on account of superannuation

Maruti Suzuki plans to double production capacity to 4 mn over 8 years

The company will also take up suggestions by shareholders for a stock split to its board for consideration, he said while speaking at the annual general meeting of the carmaker

No major event that needs disclosure: Adani Enterprises after Wilmar report

The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture

Bullish on green mobility, Tata Motors unveils new identity for EV biz

Tata Passenger Electric Mobility Head Marketing, Sales and Service Strategy Vivek Srivatsa said the automaker is entering a new era with TATA.ev

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board

ITC's Puri hopes food export bans are short-lived once supply stabilises

The company, a major wheat exporter, saw its agriculture business revenue decline 25% in the April-June quarter, hit by the export bans, according to its quarterly earnings presentation

Disney gambles on free cricket to turn the tables in India streaming war

The India streaming operations, which were Disney's biggest last year globally by users, posted a loss of $41.5 million on revenue of $390 million for the year to March 2022, its last disclosed result

Want to buy Ikea products online in Delhi-NCR? Wait will be over in 2024

Ikea will commence e-commerce operations in NCR by December 2024, ahead of opening two large shopping centres in Gurugram and Noida

Goldman to sell wealth-advisory unit to $240 billion money manager

Goldman didn't disclose the sale price but said it expects to recognize a gain when the deal closes

PureHealth acquires UK's largest private healthcare group for AED 4.4 bn

PureHealth has signed an agreement to acquire Circle Health Group, the UK's largest independent operators of hospitals, in a deal valued at AED 4.41 billion

Ashok Leyland expands offering in CNG, launches truck in 18.5 tn segment

Strengthening its CNG portfolio, Ashok Leyland on Monday unveiled the 1922 4X2 truck in the 18.5 tonne segment with multiple cylinder options and four loading span choices

India must develop sovereign AI infra, says IBM CEO Arvind Krishna

He further noted that when it comes to the adoption of nascent technologies, government taking the first steps gives confidence to the private sector

Reliance on NextGen: Isha, Akash, and Anant Ambani to be on board

Mukesh Ambani to remain CMD for another 5 years, wife Nita steps down from the board

Tiger Global, DST Global sell 1.8% stake in Zomato for Rs 1,412 cr

Tiger Global and billionaire Yuri Milner's DST Global on Monday sold a 1.8 per cent stake in online food ordering platform Zomato for Rs 1,412 crore through open market transactions

Larsen and Toubro fixes September 12 as record date for share buyback

Larsen and Toubro (L&T) has fixed September 12, 2023 as the record date for determining the entitlement and eligibility of equity shareholders for participation in the company's share buyback plan