Page 1841 - Company News

'We need to stop dividing country; govt, industry need to do more'

Efforts ought to be made to unify the country: Nadir Godrej the chairman and managing director of the diversified Godrej Industries

Public sector firms can't have industrial growth from taxation: RC Bhargava

The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, said Maruti Suzuki India Chairman R C Bhargava

'He was destined for greatness': India Inc grieves Cyrus Mistry's death

Leads to an outpouring of grief and shock among his industry colleagues

Reliance Retail contributed over 63% of sales of Future Consumer in FY22

Reliance Retail was the largest customer of Future Consumer Ltd (FCL) in FY22, contributing 63.06% of its sales, according to the annual report of the Kishore Biyani-led Future group's FMCG arm.

RIL inches closer to acquiring Lanco Amarkantak with Rs 1,960 cr cash offer

If the deal goes through, it will be the third big-ticket acquisition by the Ambani firm under IBC

Cyrus Mistry's death puts spotlight on SP Group's holding in Tata Sons

There were media reports in March this year that SP Group was taking a Rs 15,000 crore loan against its holding in Tata Sons

Cyrus Mistry: A reclusive scion who fought for honour after being fired

Cyrus Mistry's shock ouster as Tata Sons chairman in 2016 triggered a very public, years-long courtroom and boardroom battle between two of India's most storied corporate clans

Comviva targets 10% of 5G-enabled business globally in next 5 years

Comviva, a subsidiary of Tech Mahindra and a global mobility solutions provider, is targeting a 10 per cent share of the $2-billion addressable 5G-enabled business applications market across the world

Settlement framework will help ensure faster market corrections: CCI chief

Proposed introduction of the settlement and commitment framework under the competition law will help reduce litigations and ensure faster market corrections, says CCI chief

Byju's likely to raise over $500 mn at $23-bn valuation: Report

The company is in discussion with Abu Dhabi's Sovereign Wealth Funds and Qatar Investment Authority for raising in the range of $400-500 mn and $250-350 mn, respectively, according to the sources

Meesho ropes in celebs to push five-day mega sale beginning Sept 23

Softbank-backed Meesho has roped in seven celebrities to push its five-day annual festive sale -- Mega Blockbuster Sale

Return to workplace may ease moonlighting concerns in IT industry: Experts

The issue of moonlighting by tech professionals has ignited a fresh debate, polarising opinions and raising thorny legal questions

MSTC eyes e-commerce biz; ties with Reliance, Vedanta, Tata Power, others

Government-owned e-commerce service provider MSTC aims to expand its offering for private players and has tied up with firms like Reliance Industries, Tata Power, Vedanta, and Larsen & Toubro (L&T)

I-T department nod not needed for Adani to acquire NDTV shares: Report

The Adani group believes that there is no restriction by tax authorities on it acquiring a stake in NDTV, a statement that has also been backed by tax experts

Petronet LNG Ltd to invest Rs 40,000 cr in 5 yrs to expand import infra

Petronet LNG Ltd will invest Rs 40,000 crore in the next five years for expanding import infrastructure as well as foraying into new business to boost profitability to Rs 10,000 crore

Indian hospitality, Swiss efficiency: Noida airport CEO defines design

The excavation work of the Terminal building of the Noida International airport has taken off as the airport is gearing up to start operations by the end of 2024

Birla Corporation to expand cement production capacity to 30 MTPA by 2030

MP Birla Group firm Birla Corporation plans to increase its cement production capacity by 50 per cent to 30 million tonnes per annum by 2030, the company said in its latest annual report

CII to hold infra-focused summit for East and NE states from Sept 12-13

A connectivity infrastructure-focused East India Summit will take place in Kolkata involving states of eastern and northeastern states to deliberate on critical aspects of regional prospects

Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree in Bengaluru

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe

Top headlines: Indian economic growth by 2029, ED raids Paytm, and more

From India becoming third largest economy by 2029 to CBDT issuing refunds of over Rs 1.14 trn, here are the top headlines this evening