Page 1947 - Company News

Singapore Airlines to restore network in India to pre-pandemic level

It is adding flights to Bengaluru, Chennai, and Kochi

Britannia Industries' shareholders reject Rs 5,000 cr investment proposal

Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week

ED raids Chinese phonemaker Vivo; probes 44 places in money laundering case

The Enforcement Directorate conducted searches at 44 places in a money laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said

Employee costs surge over 12% to a record Rs 10.8 trillion in FY22

IT sector accounts for nearly 54% of total employee costs

Corporate defaults may rise again on cost pressures: Crisil report

Crisil warned of more companies defaulting on their debt obligations as it expects withdrawal of pandemic-induced relief measures coupled with volatile input prices creating cost pressures

Marico's India business volume declines in mid-single-digits in Q1

The Marico's Parachute coconut oil also recorded a marginal volume decline in the quarter

TCS bags deal from Outokumpu to transform its IT, cloud business

TCS has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint

Adani Transmission seeks shareholders' nod for RPTs worth Rs 10,600 cr

Adani Transmission said that it will seek shareholders' approval for the proposed related-party transactions worth up to Rs 10,600 crore in 2022-23.

Equitas Holdings divest entire shareholding in Equitas Tech

Equitas Holdings Ltd has divested its entire shareholding in Equitas Technologies Pvt Ltd as part of regulatory requirement to complete amalgamation involving its subsidiary Equitas Small Finance Bank

Coffee Day Enterprises' total default at Rs 470.18 cr in Q1FY23

Coffee Day Enterprises reported a total default of Rs 470.18 crore on payments of interest and repayment of principal amount on loans from banks and financial institutions for quarter ended June 30

APSEZ to seek shareholders's nod to reappoint Gautam S Adani as MD

Adani Ports and Special Economic Zone (APSEZ) will seek shareholders' nod this month for the reappointment of Gautam S Adani as its Managing Director, according to a regulatory filing

Godi India to set up lithium-ion cell giga factory; gets BIS certification

Godi India is the first in the country to have certification from the Bureau of Indian Standards' for lithium-ion cells made using its home-grown technology

Adani Power to seek shareholders' nod for related-party deal of Rs 5,000 cr

Adani Power said it will seek shareholders' approval for the proposed related-party transaction worth up to Rs 5,000 crore with AdaniConnex Pvt Ltd (ACPL) during its annual general meeting on July 27

HDFC ties up with Salesforce to 'reimagine the customer lifecycle'

Mortgage lender HDFC Ltd on Tuesday said it has partnered with software firm Salesforce to support the company's growth priorities.

Dabur's Burman family becomes official promoter of Eveready Industries

FMCG firm Dabur India promoter Burman family has now become promoter of Eveready Industries, according to a regulatory filing by the Kolkata-based flashlight and battery maker.

Marico reports mid-single-digit volume decline in domestic mkt in Apr-Jun

Marico reported a volume decline "in mid-single digits" in its India business, as the sector continued to witness "tepid demand" as rising retail inflation exerted pressure on the share of wallet

Shoppers Stop to add 12 new stores in FY23; to focus on private labels

Retail chain Shoppers Stop Ltd has plans to launch 12 new stores in FY23, primarily in tier-2 and tier-3 cities, and will continue to invest in store renovations.

Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe

Helped disbursals to over 120,000 merchants in Q1FY23, up from 66,000 merchants in Q4FY22

Indian Energy Exchange power trade volume grows 17% to 8,267 MU in June

Indian Energy Exchange has registered a 17 per cent year-on-year growth in trade volume to 8,267 million units (MU) in June.

HC upholds disqualification of Tata Motors from e-buses tender process

The Bombay High Court on Tuesday upheld the decision of the Brihanmumbai Electric Supply and Transport Undertaking to disqualify Tata Motors from a tender bid for operating electric buses in the city