Page 1340 - Company News

After Sony's merger plan for India's Zee turns into farce, time to walk

The television market in India is large, but its best days are in the rear-view mirror. So although the Zee network reaches 750 million people, its market share of 16.6% is stagnant

HDFC Ltd inks pact with BPEA EQT-led consortium for 90% stake sale

Mortgage lender HDFC Ltd informed the bourses that it has executed definitive documents for the proposed disinvestment or sale of approximately 90 per cent stake in its education loan subsidiary

Germany, Intel strike $33 bn chip plant deal; $11 bn subsidy on offer

The agreement includes what Intel said was increased government support including incentives, reflecting the expanded scope of the project since it was first announced in March 2022

Ancient charcoal key to net-zero target set by blue-chip companies

The market for biochar remains small for now, thought it seems poised to soar as more farmers use it as a soil additive and firms seek new ways to meet net-zero targets

Tata Power mulls to double capex to Rs 12,000 cr, focus on renewables

Based on the performance, directors have recommended a dividend of 200 per cent, which is Rs two per equity share of Rs one, he stated

Akasa Air in talks for follow-on order for 737 Max single-aisle boeing jets

The US planemaker is working to finalize negotiations as soon as this week at the Paris Air Show, the people said, asking not to be identified as the discussions are confidential

ESIC adds 1.79 mn new subscribers in April 2023, says payroll data

Gender-wise analysis of payroll data indicates that enrolment of net female members has been 3.53 lakh in April 2023

Aircraft mega-deals prompt bubble warning from aviation industry veterans

The 500-jet Airbus purchase unveiled by IndiGo extends the backlog at India's largest carrier to about 1,000 undelivered aircraft

Vedanta plans to invest $1.7 bn in FY24 on growth projects: Anil Agarwal

Sharing details of the company's projects, the chairman said Vedanta is already expanding its aluminium and zinc capacities

Tata AIA Life reports multi-fold rise in net income at Rs 506 cr in FY23

Its total renewal premium rose 32 per cent to Rs 11,964 crore year-on-year, and the asset under management grew by 21 per cent to Rs 71,006 crore

IndiGo has flexibility to decide 2035 size, says CEO Pieter Elbers

'We're securing our future… by placing this order, we have a planning horizon of over 10 years'

India's largest edtech firm Byju's sacks 1,000 more; count jumps to 3,500

The company, according to the sources, will give two months' salary to those laid off

Largest-ever aviation deal: IndiGo orders 500 Airbus A320 family aircraft

The airline did not place any order for wide-bodied aircraft

Sebi order 'unjustified and unwarranted', Zee Ent argues before SAT

Tribunal adjourns case to June 26

abrdn to sell its entire 10.2% stake in HDFC AMC through block deal

Price band set between Rs 1,800 and Rs 1,892 for Tuesday's block deals

LT Foods is eyeing Rs 11.5K-crore revenue in 5 years: CEO Ritesh Arora

Ritesh Arora, chief executive officer (CEO) - India and Far East Business of LT Foods, said that post-Covid consumers were more health and hygiene conscious

Sebi bans IIFL Securities from onboarding new clients for two years

Brokerage was mixing clients' funds with proprietary funds, says Sebi order

Rural demand growing very slowly after signs of revival: Wipro Consumer

Company expected demand to be much better due to low base last year. While volumes are back, growth is still in low single digits

IndiGo orders 500 Airbus A320 aircraft; largest order in aviation history

With this new order, since its inception in 2006, IndiGo has ordered a total of 1,330 aircraft with Airbus

India's tax regime complex, throws up 'unexpected surprises': Micron

Micron Technology has urged the central government to reconsider taxation for the electronics sector