Page 158 - Company News

CBDC will transform cross-border payments, says Bank of Baroda MD & CEO

"BoB is currently anchoring CBDC initiatives in collaboration with the Reserve Bank of India," he said. RBI is currently conducting pilot projects on CBDC

Supreme Court restores GERC order in Gujarat Urja-Essar Power dispute

EPL was found to have diverted a greater share of power to ESL, reducing GUVNL's allocation.

Amit Shah, Sitharaman meet Tata Group trustees amid boardroom dispute

Tata Group trustees, including Noel Tata and N Chandrasekaran, met Home Minister Amit Shah and Finance Minister Nirmala Sitharaman amid internal disputes over board appointments at Tata Sons

Eli Lilly's Mounjaro logs ₹80 crore in September, India's No. 2 drug

The highest-selling drug for the month was GlaxoSmithKline's Augmentin, an antibiotic, garnering revenues of ₹85 crore

Bajaj Finserv rebrands insurance units following Allianz SE acquisition

Earlier this year, Bajaj Finserv signed share purchase agreements (SPAs) with Allianz SE to acquire a 26 per cent stake in the two insurance joint ventures for ₹24,180 crore.

Raymond Group to invest ₹1,000 crore in aerospace, auto units in Andhra

The projects in Andhra Pradesh's Anantapur district will create 5,400 jobs and receive Rs 695 crore in incentives as Raymond expands its aerospace and auto footprint

Intangles raises $30 mn in funding led by Avataar Venture Partners

The Pune-based firm received follow-on investments from Baring India Private Equity and Cactus Partners in the funding round

Airbus A320 overtakes Boeing 737 to become most-delivered jetliner ever

Demand for the industry's workhorse A320 and 737 jets has surged in recent years, as economic growth led by Asia brought tens of millions of new middle-class travellers into the skies

Leading FMCG companies witness disruption in trade in September

Leading FMCG companies have reported disruption in trade in September on account of implementation of new GST slabs, which in turn impacted revenue and profitability in the second quarter.

Dell raises long-term growth forecasts on strong demand for AI servers

Dell, whose customers include Elon Musk's AI startup xAI and CoreWeave, reiterated its third-quarter and annual forecasts

DreamFolks launches Club Membership after ending domestic lounge services

The new DreamFolks Club Membership offers lifestyle and travel benefits across global lounges, golf, wellness, and entertainment as the firm pivots to B2C

Netflix India partners with IICT, Ficci to support AVGC-XR segment in India

Netflix India partners with IICT and FICCI to support AVGC-XR students through scholarships, curriculum development, and industry collaboration, boosting India's creative technology ecosystem

TVS Venu family scales up Atelier Expressions with J.L. Coquet acquisition

The acquisition of French porcelain house J.L. Coquet marks a major step in TVS Venu International's expansion into global luxury and artisanal craftsmanship

Nissan unveils upcoming C-segment SUV Tekton, set for launch by mid-2026

Nissan Motor India revealed the Tekton, a new C-segment SUV inspired by the Patrol, to be launched in Q2 2026 under its 'One Car, One World' strategy in partnership with Renault

Bombay HC upholds SBI order on Anil Ambani, Reliance Comm fraud accounts

A bench of Justices Revati Mohite Dere and Neela Gokhale on October 3 dismissed a petition filed by Ambani, challenging the SBI order

Titan reports slower jewellery sales as rising gold prices hit demand

The jewellery business, which contributes close to 90% of overall revenue, grew 19% year-on-year, the Bengaluru-based company said in its business update for the quarter ended September 30

Bajaj Auto gets over ₹3.5 cr demand notice from Assam tax authorities

The company availed input tax credit after fulfilling all the conditions as per the provisions of the GST law, Bajaj Auto said in filling

We should help solve global carbon emissions problem: N Chandrasekaran

India, as you know, has been a thriving economy and the aspiration level of the country is growing, Chandrasekaran said

Auro Realty plans $225 mn India bond sale to fund hotel, asset acquisition

Auro Realty's bond issue is in advanced stages and could be completed as early as this month, while private credit funds are expected to be investors, the bankers added

Amazon Pay India revenue drops 7% in FY25 amid festive surge in usage

Despite ₹866-crore loss, platform sees strong consumer adoption during Great Indian Festival