Page 1262 - Company News

Land spinoff holds up $232 million BEML privatisation deal: Reports

The Indian government is looking to sell 26% out of the total 54% stake it holds in the company along with a transfer of management control

IoT start-up Proxgy launches real-time payment audio notifications device

The company plans to deploy its devices in the B2B (business to business) or B2B2C (business to business to consumer) space

Indian exporters on Amazon Global Selling see close to 70% business growth

Products in "home" category registered 81 per cent on year growth followed by 75 per cent on year growth in furniture and 52 per cent growth in kitchen products, in two-day sale event on July 11-12

Mahindra Group to aid US companies to set up manufacturing base in India

The company further said that Mahindra Group offers self-sufficient industrial parks at strategic locations, and has the expertise to guide companies through the approval processes

ITC board gives in-principle approval for demerger of hotels business

The move may improve ITC's ROCE by 2,000 bps

Demerger to boost ITC's cash flows, create India's 2nd biggest hotel group

The demerger will however have only a marginal negative impact on ITC overall earnings and share price given the hotel division miniscule contribution to its consolidated finances

Samil to acquire Germany-based Dr Schneider Group for over Rs 1,000 crore

Apart from the aforementioned three major global acquisitions, Samil has done seven other smaller acquisitions in India and other parts of the world in 2023

Fintech major PhonePe to enable users to pay tax directly on app

The company has partnered with a B2B payments and service provider, PayMate, to make this feature available

GMR Smart Electricity Distribution gets Rs 7,593-cr order for meter in UP

The project will span 22 districts covering prominent areas such as Varanasi, Prayag Raj, Agra, Mathura, and Aligarh, among others

Tiger Logistics, OneNDF sign pact for collateral-free loan to SME exporters

Global logistics firm Tiger Logistics (India) on Monday said it has signed a pact with online loan marketplace OneNDF to facilitate collateral-free cargo value financing for SME exporters

Maharashtra set to be top performer under BRAP, says state official

Maharashtra is set to be the top performer under the Business Reforms Action Plan (BRAP) 2022 Integrated Framework Assessment, a senior state government official said on Monday

GreenCell Mobility receives Rs 3,000 crore in debt funding from REC

The fund will be used to acquire 3,000 e-buses and support energy storage and charging infrastructure

RIL's net debt likely to moderate in next few quarters, say analysts

RIL's consolidated net debt stood at Rs 1.27 trillion as of the June 2023 quarter, up marginally on a sequential basis

AstraZeneca Pharma India gets GCGI approval to import heart failure drug

AstraZeneca Pharma India on Monday said it has received approval from the Drugs Controller General of India to import heart failure treatment drug Dapagliflozin tablets

Birlasoft, Microsoft collaborate for Generative AI Centre of Excellence

Birlasoft on Monday said it is establishing a Generative Artificial Intelligence (GenAI) Centre of Excellence (CoE) with Microsoft for solutions across manufacturing, life sciences, energy and BFSI

CAIT, Meta's 'WhatsApp se Wyapaar' to digitise 1 cr local businesses

Traders will be equipped with the use of features like Catalog, Quick Replies and Click to WhatsApp Ads to digitise their storefront via the WhatsApp Business application, the statement added

Reliance Industries, Brookfield enter into data centre partnership

The transaction is subject to regulatory approvals and is expected to complete in around 3 months

T V Narendran re-appointed as Tata Steel's CEO and MD for 5 years

Tata Steel on Monday said T V Narendran has been appointed again as the company's Chief Executive Officer & Managing Director for a period of five years effective September 19, 2023

SJVN to develop 5 hydro projects of 5,097 MW in Arunachal Pradesh

The government of Arunachal Pradesh has terminated pacts with various private power developers as they "showed less interest" in executing projects given to them, the statement said

Swiggy announces 2nd tranche of ESOP liquidity programme for employees

On-demand convenience platform, Swiggy on Monday announced the second tranche of its committed $50 million (nearly Rs 410 crore) ESOP liquidity programme for eligible employees