Page 1963 - Company News

For Bajaj Auto, share buyback worth up to Rs 2,500 crore spurs optimism

Fall in raw material prices, low base, and normal monsoon are other positives

Manufacturers protest ban on rigid single-use plastics, fear loan default

Industry grouse - 22 products have been banned although they are fully recyclable, while non-recyclable packaging used by FMCG firms have been let off

NMDC's steel plant sale may fetch enterprise valuation of up to $4 bn

Lenders, shareholders meeting to demerge steel company on Tuesday

Cipla to invest Rs 26 cr in digital tech co GoApptiv to raise stake to 22%

Pharma company Cipla has agreed to acquire an additional stake for nearly Rs 26 crore in digital tech company GoApptiv Private to raise its shareholding to 22.02 per cent, the company said on Monday.

V Krishnamurthy: The guardian of PSUs leaves behind an unmatched legacy

None of V Krishnamurthy's assignments was easy. He had to battle scepticism, too

Sebi penalises 4 individuals for violations in Mindtree share trades

Capital markets regulator Sebi on Monday imposed fines totalling Rs 4 lakh on four individuals for violation of insider trading norms in the shares of Mindtree Ltd during the January-March 2019 period

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Gaming platform JetSynthesys in talks to merge with BurTech SPAC: Report

The two companies have signed a non-binding letter of intent regarding a transaction that values the combined entity at more than $700 mn, according to people with knowledge of the matter

Santoor becomes Rs 2k-cr brand, Wipro Consumer FY22 turnover at Rs 8,634 cr

WCCL has extended the brand Santoor from soaps to body lotion, hand wash and body wash

Future Retail: NCLT reserves order on Amazon petition against BoI's plea

The National Company Law Tribunal (NCLT) on Monday reserved its order on the petition filed by Amazon opposing Bank of India's plea to initiate insolvency resolution proceedings against Future Retail

Insolvency regulator working to bring mediation in insolvency cases

A source privy to IBBI's discussion said mediation might address the issue of courts delaying the insolvency process.

Moody's upgrades JSW Steel's corporate family rating to Ba1 from Ba2

Moody's Investors Service on Monday said it has upgraded the JSW Steel Ltd's Corporate Family Rating (CFR) to Ba1 from Ba2.

Aurobindo Pharma receives Sebi's warning letter over ongoing USFDA audit

The letter is in regards to certain disclosures made by the company on the ongoing USFDA audit of company's Unit-1 and observations made by the USFDA between the period 2019 to 2022

Will not spare any effort in pushing up coal output: Coal India Chairman

Coal India braced up to meet its part of committed coal supplies to power sector, says Chairman Pramod Agrawal

Bajaj Auto board approves Rs 2,500-cr share buyback at Rs 4,600 per share

On June 14, the company's board had deferred a decision on its proposed share buyback citing further deliberations were required on the proposal

Will continue to look for acquisition opportunities: Tata Consumer chairman

Tata Consumer Products Ltd will continue to look for the right acquisition opportunities in different categories to fuel its growth, the company's chairman N Chandrasekaran said on Monday.

Solv raises $40 million in funding round led by Japan's SBI Holdings

Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings

Proptech startup PropShare raises $47 mn from WestBridge Capital, others

Proptech startup PropShare has raised $47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes

Employee exodus continues at Trell, 100 more leave as firm struggles to pay

Lifestyle social commerce platform Trell has seen another wave of employee exodus as it struggles to pay creators in the country. The company, however, on Monday claimed it has paid all its creators

Jaguar parent Tata Motors' bond sinks as weak rupee blights India credit

Those drops coincide with the rupee touching its lowest against the dollar, making it more expensive for the Indian companies already facing the challenge of higher interest rates