Page 1250 - Company News

Amid chaos at Byju's, what is the other side of startup ethics debate?

The goings on at Byju's and some other startups raise questions of not only governance but also the board's role

Digital channels now account for 64% of Westlife Foodworld's sales

Westlife Foodworld is also nearly doubling its retail outlets from 361 currently to around 580-630 restaurants by 2027 with an investment of Rs 14 billion

Ambuja Cements to buy 56.7% stake in Sanghi at a valuation of Rs 5,000 cr

Ambuja Cements' acquisition of Sanghi Industries is expected to be completed in the next three to four months

Reliance jumps 16 places, now at number 88 on Fortune Global 500 list

Billionaire Mukesh Ambani's Reliance Industries has maintained its highest ranking among Indian corporates in the latest Fortune Global 500 list, jumping 16 places to rank at number 88

Promoter to sell 4.3% stake in Vedanta to raise $500 mn for debt repayment

The shares will be sold at 5 per cent discount to the closing price of Vedanta at Rs 272 a share

NCLAT defers hearing on IDBI Bank's plea against Zee to August 17

The private lender has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against the media major

More than a coal miner: Rebranded Coal India to embrace new identity

Ministry sources indicate that the rebranding exercise and name change are currently under consideration, and the CIL board will soon make a decision

Adani group-company Ambuja Cement to buy Sanghi Cement for Rs 6,000 cr

The group, which owns Ambuja Cement, will invest Rs 4,500 cr in acquiring the promoters' stake and take over the company's debt of Rs 1,500 cr

Wells Fargo to tap corporate bond market despite US credit downgrade

The deal comes just after Fitch downgraded the US sovereign credit grade one level to AA+ from AAA, arguing the nation's fiscal health will likely deteriorate over the next three years

Surging gold prices take sheen off Indian jewellery maker Titan's profit

Expenses climbed about 29%, outweighing a nearly 19% jump in sales to 101.03 billion rupees

Two entities buy footwear co Campus Activewear shares worth Rs 124 crore

The shares were acquired at an average price of Rs 295 apiece on both BSE and NSE, taking the combined transaction value to Rs 124.33 crore

Amazon Fresh begins offering grocery delivery for non-Prime members

Non-Prime members who're interested in trying out the service will pay $13.95 for deliveries under $50. That's $4 more than Prime members have to pay for the same order size

Ipca Laboratories acquires 33.38% stake in Unichem for over Rs 945 cr

Shares of Ipca Laboratories fell 1.37 per cent to close at Rs 890 apiece, while the scrip of Unichem gained 0.43 per cent to settle at Rs 400 per piece on the NSE

MTNL, BSNL subscribers dropped due to lack of full-scale 4G: Centre

Government-owned telecom service providers MTNL and BSNL have seen a decline in the number of subscribers in the past three years because of "stiff competition"

Brookfield India REIT raises Rs 2,305 cr through sale of units to investors

The issue price includes a discount of Rs 13.29 per unit (which is 5 per cent) on the floor price of Rs 265.79 per unit

At $112 bn, RIL's retail arm value almost twice of O2C biz: Bernstein

According to Berstein's latest report on the company, its retail business is valued at $112 billion while its O2C business is valued at $57 billion

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials

Coal India plans two thermal plants with Rs 21,547 crore investment

It will be a 1 x 660 MW plant at an estimated cost of Rs 5,600 crore, the Ministry said adding the project is in advanced stages of approval

PC Jeweller faces insolvency plea by SBI, NCLT adjourns hearing till Aug 21

Public sector lender State Bank of India (SBI) has taken PC Jeweller to the National Company Law Tribunal (NCLT) with a plea to initiate insolvency proceedings

Sterlite Power acquires Fatehgarh III Beawar Transmission from PFC

Sterlite Power on Wednesday said it has acquired Fatehgarh III Beawar Transmission, a special purpose vehicle, from PFC Consulting Limited