Page 1876 - Company News

US ranitidine litigation unlikely to impact Indian pharma: Analysts

Sun Pharmaceuticals, Dr Reddy's Laboratories, Perrigo and Teva have agreed to a combined settlement of $5 mn with cancer patient Joseph Bayer

CDC Group sells 3.56% stake in IIFL Finance for Rs 453 cr via open market

According to the bulk deal data available with the National Stock Exchange (NSE), CDC Group Plc sold 1,35,01,587 shares of the company.

Paytm shareholders reaffirm faith in Vijay Shekhar Sharma's leadership

Paytm held its 22nd annual general meeting (AGM), the first such meeting after it became a listed company in 2021

Govt amends rules for physical verification of cos' registered addresses

The government has amended rules to ensure a transparent process for the physical verification of companies' registered addresses, including by way of having the presence of independent witnesses

Central Bank inks pacts with Protium Finance, lncred Fin to offer loans

State-owned Central Bank of India has forged co-lending partnerships with Protium Finance and lncred Financial Services to offer loans to MSME borrowers

Input cost volatility to keep plastic pipe maker Astral's margins in check

Market share gain continues, company seeks to double consolidated revenues in five years

CAMS promoter entity pares 3.79% stake for Rs 428 crore in IT company

Computer Age Management Services Ltd (CAMS) promoter entity on Friday divested a 3.79 per cent stake in the IT services company, garnering Rs 428 crore through an open market transaction

India's smartwatch market grows highest ever at 312%, Fire-Boltt leads

India's smartwatch market grew an impressive 312 per cent in the June quarter, and homegrown company Fire-Boltt led the market for the first time with a 28 per cent share, a new report said on Friday.

HDFC Bank's new campaign 'Vigil Aunty' to help tackle cyber frauds

'Vigil Aunty' will create awareness via various social media platforms

Adani Power to acquire DB Power for Rs 7,017 crore enterprise value

DB Power has long- and medium-term power purchase agreements for 923.5 MW of its capacity, backed by fuel supply agreements with Coal India Ltd, and has been operating its facilities profitably

Adani Group gets Sebi approval for $3.8 billion open offer for Ambuja, ACC

The group, led by Asia's richest person Gautam Adani, is set to make an offer to buy 26% of Ambuja Cements Ltd. for 385 rupees per share and the same stake for 2,300 rupees per share of ACC Ltd

India probes may adversely affect operating results or cash flows: Xiaomi

Chinese smartphone maker Xiaomi on Friday said the ongoing investigations and allegations in India could take a long period of time to settle that may adversely affect its operating results.

Insured assets worth Rs 150 cr affected in fire at Neemrana unit: Havells

For the financial year ended on March 31, 2022, Havells India's revenue was at Rs 13,888.53 crore

Nandan Nilekani and Sanjeev Aggarwal's VC firm Fundamentum raises $227 mn

Post the fund's initial investment, Fundamentum's portfolio companies have collectively raised over $1 billion in follow-on rounds

Ashok Leyland unveils new tipper for construction, mining segments

Hinduja group flagship Ashok Leyland has unveiled the AVTR 4825 tipper equipped with a H6 engine aimed at serving the construction and mining segments, the company said on Friday

KSK Mahanadi Power loan account sold to Birla ARC, SBI deals for Rs1,622 cr

SBI has sold the non-performing loan account of KSK Mahanadi Power Company to Aditya Birla ARC for Rs 1,622 crore, accepting a haircut of almost 58 per cent against the total outstanding.

Jubilant Foodworks bullish about medium-term market potential in India

The company achieved a remarkable feat of delivering more than 70 per cent of delivery orders in less than 20 minutes, the company claimed

CEAT aims to double outlets to 1 lakh in 2-3 years, says COO Arnab Banerjee

CEAT Ltd plans to expand its tyre sales network in places with population of 5,000-10,000 via its FMCG style of distribution, aiming to double outlets to 1 lakh in two to three years

India Inc sees deal value decline as prime investments vanish: Reports

India Inc saw steepest decline in deal values due to the lack of big-ticket investments last month, registering 171 mergers and acquisitions and private equity deals valued at $2 billion, says report.

Paytm CEO Vijay Shekhar Sharma to face crucial test of investor confidence

The billionaire founder of Paytm faces a crucial test of investor confidence Friday, when shareholders will decide whether they want him at the helm.