Page 1274 - Company News

Ashok Leyland embarks on cross-country expedition marking 75th anniversary

Ashok Leyland has embarked on a 'Dream Drive' expedition that would cover cities and dealerships across the country marking its 75th anniversary celebrations, the company said on Monday

Paper firms cut water use by 80%, invest in sustainable processes: IPMA

The players have deployed modern technology solutions and captive power generation to achieve water and energy efficiency, it said in a statement

Swiggy announces second tranche of ESOP buyback plan totaling $50 mn

Employees who moved from Dineout after Swiggy bought it last year, will also be eligible for the liquidity programme

Juniper Green Energy signs MoU with Power Finance Corporation for Rs 5K cr

The memorandum of understanding (MoU) is for funding projects of 1200 MW capacities

ITC approves demerger of hotel business to form new entity 'ITC Hotels'

ITC will hold a 40 per cent stake in ITC Hotels, and the rest 60 per cent, will be held by the shareholders of the company proportionate to their shareholding

Motherson to acquire Dr Schneider Group; transaction valued at euro 118.3mn

Dr Schneider Group filed for insolvency in September due to failed operational and financial restructuring

Motherson to acquire assets, shares of Dr Schneider Group entities

Dr Schneider Group is a manufacturer of high-end, innovative, and integrated electronic interior polymer components and systems such as smart surfaces and lighting modules

Biocon Biologics gets positive opinion from EMA for ophthalmology product

Yesafili aims to treat various visual impairments and age-related macular degeneration

Canara Bank reports profit surge of 75% to Rs 3,535 cr in June quarter

Interest earned by the bank improved to Rs 25,004 crore over Rs 18,177 crore in June 2022

Swiggy set to buy back Esops worth $50 million from its 2,000 employees

The Esop liquidation exercise was part of Swiggy's announcement in 2021, where the company had said that its employees would be rewarded for their performance in 2022 and 2023

Jindal Aluminium Limited receives AS9100D Aerospace Certification

The AS9100D Aerospace Certification is the benchmark for ensuring exceptional quality in aviation, space and defence manufacturing and supply chain processes

In-home cardio care: Lupin Digital, American College of Cardiology tie up

The aim is to give patients and healthcare providers tools to manage heart diseases at home and reduce rehospitalisation

Byju's reaches agreement to rework terms of $1.2 billion loan: Report

If the loan terms are reworked successfully, the creditors are expected to drop their demand for accelerated repayment

Byju's vacates its biggest office at Kalyani Tech Park, Bengaluru: Report

By giving up the 558,000 sq ft office space, Byju's might save up to Rs 3 crore per month in rent

Hindustan Zinc keen to participate in lithium auctions: CEO Arun Mishra

Hindustan Zinc Ltd (HZL) is keen to acquire lithium assets as and when they are put on the block for auctions, CEO Arun Mishra said

Private sector lender HDFC Bank expects 17-18% credit growth this year

HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand

Bain to buy 90% stake in Adani Capital and Adani Housing for Rs 1,440 cr

The total valuation of the Adani financial services business stands at Rs. 1,600 crore

Local assembly of EVs in India just a matter of time: BMW official

BMW, which saw 9 per cent of its sales in India coming from EVs in the first half of 2023, expects to reach up to 25 per cent by 2025

Air India Express flight from Thiruvananthapuram returns due to AC issue

An Air India Express flight from the Kerala state capital to Dubai returned, barely a couple of hours after take off due to an issue with the air conditioning system of the aircraft

Indian firms slowly begin to weave Threads into their marketing strategy

Zomato, Swiggy, Tinder India, Netflix India among those beginning to experiment with the 'Twitter killer', but the engagement so far is limited and infrequent