Page 1881 - Company News

UTI AMC's shares soar 15% on reports of Tata AMC eyeing 45% stake

According to reports, Tata AMC plans to acquire the shares held by four public sector undertakings (PSUs) in the fund house that manages assets worth Rs 2.24 trillion

IndoStar Capital considers selling stake in housing finance unit

Private equity-backed company losses have raised concerns about its stability

State Bank of India launches first branch dedicated to start-ups

The branch will provide services ranging from the stage of formation of start-ups to Initial Public Offerings and Follow-on Public Offerings, SBI said

Bajaj Electricals elevates Anuj Poddar as Managing Director, CEO

Bajaj Electricals, part of business conglomerate Bajaj Group, had a turnover of Rs 4,813 crore in FY22

Future Consumer Ltd defaults on Rs 52-crore debenture repayments

FCL is in the business of manufacturing, branding and distributing FMCG food and processed food products

Ratan Tata invests in senior citizen companionship-as-service startup

Ratan Tata announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service

SBI starts insolvency process against sugar firm Bajaj Hindusthan at NCLT

In the last fiscal year, the company had posted a consolidated net loss of Rs 267.54 crore and a turnover of Rs 5,607 crore

Amul, Mother Diary hike milk prices by Rs 2 due to rise in procurement cost

The hike -- which comes days before Janmashtami celebrations and months ahead of the flush season when milk supplies usually rise -- may impact household budgets

IKEA's retail operator to invest 500 mn euros to open city centre in Noida

In India, IKEA has opened smaller stores within city limits as it aims to be closer to the customer

Air India picks Meta software 'Workplace' for intra-company communications

Air India said it has chosen business communication platform Workplace from technology giant Meta so that there is a simple and effective way for all levels of the company to interact with each other

Kalanithi Maran, SpiceJet ready for mediation to settle dispute: SC told

Businessman claims airline promoter committed breach of trust by not transferring shares

Firms in India expected to give 10% hike in 2023; highest in APAC: Report

Companies in India are expected to give a salary hike of 10 per cent in 2023 as they struggle with rising attrition in the tight labour market, according to a report

SpiceJet settles dispute with lessor, seeks Rs 200-cr loan to clear dues

The airline on Tuesday announced that it had entered into a settlement with the lessor and its affiliates over a payment dispute related to three Boeing 737 aircraft

Teenagers' share in India's gig sector grows 8 times in last 4 yrs: Report

Around 40% of the gig workers now come from the age group of 16 to 23, says a study by Taskmo, an on-demand staffing platform

NTPC floats tender to raise Rs 5,000-cr term loan, bids invited till Aug 31

"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.

Mahanagar Gas cuts PNG and CNG prices on higher supply from govt

The price of PNG has been reduced by Rs 4 per standard cubic metre to Rs 48.50 per SCM, while that of CNG by Rs 6 a kilogram to Rs 80 per kg, as per an official statement

Embassy REIT has delivered 50% total returns since listing: Vikaash Khdloya

"Our overall philosophy on co-working has been that it is an amenity for our business parks and occupiers", said Khdloya

TII gears up for EV re-entry; to focus on e-tractors, 3-wheelers, heavy CVs

The group is learning from an unsuccessful foray into e-scooters by focusing on electric tractors, three-wheelers and heavy commercial vehicles

Logistics unicorn Ecom Express sets up warehouse to serve Bengaluru

Fulfilment centre will create close to 1000 direct and indirect jobs, says company

Macroeconomic factors unlikely to stall tech modernisation: Mindtree CEO

Macroeconomic and geopolitical developments are unlikely to turn back or stall business-critical technology modernisation, IT services firm Mindtree's CEO Debashis Chatterjee has said