Page 1685 - Company News

HUL set for health and wellbeing foray with two investment deals

To acquire majority stake in OZiva maker, 19.8% in Nutritionalab

Sun Pharmaceuticals' Halol plant gets 'import alert' from USFDA

The USFDA had imposed an import ban on the Halol plant in December 2015 too

Pharma logs 17% growth in Nov; anti-infective therapy drives market demand

Key antibiotic brands like Augmentin (GSK) and Clavam (Alkem) clocked 25 per cent and 29 percent growth, respectively, in November, the data showed

New norms likely to hit demand, keep CG Consumer stock under pressure

The new norms will make it mandatory for ceiling fans to have star ratings, as is currently the case with air conditioners and refrigerators

12 big telcos enquired about telecom stack, says Ashwini Vaishnaw

He said the government's Telecom Technology Development Fund (TTDF) would be slowly enlarged to Rs 3,000-4,000 crore over a number of years, from the current Rs 500 crore per year

'Underweight' on India, China to lead Asian outperformance in 2023: Nomura

The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel

Paytm announces board to consider share buyback proposal on December 13

Digital financial services firm Paytm on Thursday said its board will meet on December 13 to consider a proposal for share buyback keeping in mind the company's liquidity position

Explained: Why private insurance companies in India are coveted buys

By chasing profit over rapid expansion, companies have conserved capital, making them attractive for potential buyers

HDFC Bank files petition for NCLT approval to the proposed merger

The bank has already received the approval of the equity shareholders, which includes public shareholders, to the proposed merger scheme

Microsoft Teams adds free communities feature, plans to take on rivals

The new feature will allow users to easily post messages to everyone in the group, organize events and add them to the community calendar

Kalyan Jewellers plans to add 52 showrooms in 2023, to expand footprint

Kalyan Jewellers India on Thursday said it is planning to expand its retail footprint by over 30 per cent in the next calendar year by adding 52 showrooms

Inflationary pressure on FMCG products cooling off: ITC chief Sanjiv Puri

Inflationary pressure on FMCG products is showing signs of cooling off, which may provide relief to consumers, ITC Chairman and Managing Director Sanjiv Puri said on Thursday

We Founder Circle announces 2 angel funds for early-stage start-ups

Mumbai-based We Founder Circle has in 23 months invested in more than 70 start-ups

Uniqus Consultech raises $12.5 mn, eyes $100 mn revenues in next 5 years

The company plans to invest the funds raised in technology and scaling up business across India, US and Middle East

Year In Review: From Twitter to HDFC Ltd, successful M&As of 2022

The level of M&A activity in 2022 was in line with recent pre-pandemic levels

HUL to acquire majority stake in OZiva and 19.8% in Wellbeing Nutrition

Leading FMCG maker HUL announced the acquisition of a majority stake in OZiva and a 19.8 per cent equity in Wellbeing Nutrition with a total investment of Rs 335 crore

ASK Capital gets Central Bank of Ireland nod to launch India-based fund

UCITS is a regulatory framework of the European Commission for management and sale of mutual funds

Ashok Leyland appoints Shenu Agarwal as new managing director, CEO

Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president

Inox GFL Group raises around Rs 1,500 cr across entities to pare down debt

Inox GFL Group on Thursday said that it has raised around Rs 1,500 crore across its entities in the last fortnight

Fintech giant Plaid lays off 260 employees; offers 16 weeks of base pay

Fintech company Plaid is laying off 260 employees, or about 20 per cent of its workforce globally, amid the global macroeconomic conditions