Page 185 - Company News

CCI seeks Apple's response to final probe report on App Store dominance

The antitrust regulator has also asked Apple to submit global and India financials for 2022-24 as part of its investigation into alleged abuse of dominance

IFC set to earn multibagger gains from Tata Capital's $2 billion IPO

International Finance Corporation (IFC) will offload 3.58 crore shares in the offering, exiting part of an early bet on Tata Capital's cleantech business made in 2011

Oyo's premium brand 'Sunday' to add 40 new upscale hotels in FY26

As part of its expansion strategy, Sunday Hotels is focusing on a mix of metro markets and non-metro cities, while also targeting tourism hotspots

Mercedes eyes best-ever festive sales, urges uniform road taxes for growth

Mercedes-Benz India MD noted that to help cost reduction measures trickle down to the end customer, some uniformity is required in road taxes

Sanctions leave Nayara struggling to secure non-Russian crude supplies

Nayara, which has already cut down the run rate of its 4,00,000 barrels a day oil refinery at Vadinar in Gujarat, remains heavily reliant on Russian barrels since August

Activewear maker TechnoSport to invest ₹200 cr to open 300 exclusive stores

The decision to expand through exclusive brand outlets (EBOs) follows a 40 per cent compound annual growth rate (CAGR) since 2022

Britannia banks on local strategy to counter rivals, rules out price war

Britannia has been doing cost optimisation of almost 2 per cent of revenue saving for almost last 13 years

UBL targets 6-7% growth this year, bets on GST reforms to boost demand

Besides, premiumisation is also expected to grow by 25 per cent and the long-term outlook for UBL

Hyundai looks at 'double engine' boost on growth post GST rate cut

The company's domestic sales in the April-August period this fiscal were down 11.2 per cent at 2,20,233 units as against 2,47,992 units in the same period last fiscal

Tata Technologies to acquire ES-Tec Group in €75 million full buyout deal

The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement

NCLAT upholds order recalling insolvency case against Logix Infra

NCLT direction came after the petition filed by a homebuyers' association, which alleged collusion between the financial creditor and debtor

Adani Power to invest $3 bn to set up 2400 MW power project in Bihar

Adani Group signed a 25-year PSA with Bihar State Power Generation Company to supply power from its upcoming Pirpainti project in Bhagalpur district

Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep

Flipkart Internet, the marketplace arm of Flipkart, posted ₹20,493 crore in revenue and cut losses to ₹1,494 crore in FY25, as the Walmart-owned firm readies for a public listing

Apollo Hospitals to acquire IFC's 30.5% in health and lifestyle arm

Apollo Hospitals to acquire IFC's 30.58% stake in AHLL for Rs 1,254 crore, taking ownership to 99.42%, and invest Rs 573 crore in a next-gen proton therapy centre in Gurugram

Tata Sons board discusses A-I future; no decision on director appointments

Tata Sons discussed Air India's future plans but deferred filling vacant board seats after key retirements

Giorgio Armani's Will directs heirs to sell majority stake, consider IPO

The late designer's will calls for an initial 15 per cent sale within 18 months, followed by up to 54.9 per cent more in 3-5 years

Policy stability key to India's manufacturing future: Maruti Suzuki MD

Takeuchi cited Suzuki Motor Corporation's decision to produce its first global electric vehicle, the e-VITARA, in India as evidence of the country's rising status in world markets

Myntra partners with Vellvette Lifestyle to launch beauty brand for Gen Z

Fashion ecommerce retailer woos India's Generation Z consumers with hybrid skincare-makeup products

DMRC signs six-year deal with Alstom to boost red, yellow line service

The move reflects DMRC's ongoing efforts to ensure high service standards and operational efficiency on its key metro lines -- the Red Line (Line-1) and Yellow Line (Line-2) --, the statement said

US SEC grants tech giant Infosys exemptive relief for ₹18,000 crore buyback

The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday.