Page 1862 - Company News

NDTV says exercise of rights by VCPL done without founders' consent

In a curious turn of events, NDTV has said that without any discussion with the New Delhi Television Limited (NDTV) or its founder-promoters, a notice has been served upon them by VCPL

Hindalco Industries earmarks about $8-bn capex over next 5 yrs: K M Birla

Birla further said that 70 per cent of the company's consolidated cash flows will be allocated towards high-growth downstream segments , including EVs, mobility, batteries and Consumer durables.

Dunearn Investments pares 2% stake in Devyani International for Rs 482 cr

Dunearn Investments (Mauritius) Pte Ltd, a subsidiary of Temasek Holdings, on Tuesday divested over a 2 per cent stake in restaurant operator Devyani International for Rs 482 crore

Tata Motors signs PPA with Tata Power to develop onsite solar project

Tata Motors has signed a Power Purchase Agreement (PPA) with Tata Power to develop a 7.25 Mwp onsite solar project at its commercial vehicle manufacturing facility here

Adani firms make open offer for acquiring 26% stake in NDTV for Rs 493 cr

NDTV says Adani entities' move to take control of NDTV's major shareholder was without consent from the company or its founders

Get a masterclass on the art of scale-up from start-up wizards

Tech world's prime-movers set up Artha School of Entrepreneurship.

NTPC to raise Rs 2,000 crore through issuance of non-convertible debentures

The proceeds will be utilised for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, according to a regulatory filing.

Chennai Petroleum Corp forms joint venture for Rs 31,580-cr refinery

Joint venture formed to implement 9 MMTPA refinery project at Cauvery Basin Refinery

NHPC, BEL ink pact to set up solar equipment manufacturing facility

"A Memorandum of Understanding (MoU) has been signed between NHPC and BEL...for setting up of gigawatt scale vertically integrated solar manufacturing unit," a BSE filing said.

Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds

Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said

CCI keeping a close watch on PEs taking board seats in rival firms: Report

While the CCI has no issues with PEs owing minority stakes in rival companies, the watchdog wants these funds to choose only one firm in terms of board representation

Apple expands self repair programme to Mac notebooks with M1 chip

Self Service Repair for MacBook Air and MacBook Pro offers more than a dozen different repair types for each model, including the display, top case with battery, and trackpad, with more to come

Apple employees launch petition over company's return-to-office stance

"We believe that Apple should encourage, not prohibit, flexible work to build a more diverse and successful company where we can feel comfortable to 'think different' together" the Apple petition said

India's e-commerce firms hire more delivery workers for shopping season

Gig work employment, of which delivery workers and salespersons form a large chunk, is expected to reach 9.9 million in India in 2022-23, up about 45% from 2019-20

Air India, Air India Express to get new jets ahead of holiday season

Tata Group is planning to get six Boeing 777-2000 aircraft and 25 Airbus A320 Neo aircraft on lease by the first quarter of 2023 to expand the capacity of Air India and Air India Express

McLaren to enter Indian market later this year, partners Infinity Cars

India is largely a low-cost and price-sensitive car market in which luxury models account for just over 1% of total annual sales of about 3 million

Demand growth stays buoyant for Cummins India; profitability under pressure

Cummins India's stock has gained 27 per cent since its lows in June, helped by a strong first quarter, expectation of improved demand and margin recovery.

India sees sharp decline in IT sector's ability to fund trade deficit

A relatively slower growth in IT Services exports has made India ever more dependent on capital inflows and workers remittances to fund its trade and the overall current account deficit

HDFC Bank plans Rs 2,500-crore tier-1 bond sale amid firm credit offtake

HDFC Bank's Tier-1 bonds could be priced around 7.9-7.95 per cent, sources said

Zomato discontinues premium membership, aims to craft a new programme

The development comes at a time when Zomato acquired quick commerce company Blinkit on June 29 for Rs 4,447 crore in an all-stock deal