Page 208 - Company News

NCLAT rejects plea, clears Nuvoco Vistas ₹1,800 crore bid for Vadraj cement

Appellate tribunal NCLAT has dismissed the plea against the acquisition of Vadraj Cement by Nirma group cement business Nuvoco Vistas Corporation during an insolvency resolution process.

Coca-Cola considers sale of Costa Coffee in strategic business review

The company has held initial talks with a small number of potential bidders for Costa, including private equity firms, Sky News first reported, citing unidentified sources

Dream11 steps back as Team India's lead sponsor after new gaming bill

"BCCI is also evaluating Dream11 as advertiser, as the Bill also bans advertisement of real-money games," said another source

Lenders likely to resolve JAL insolvency through a challenge mode

Creditors' total admitted claims against JAL stand at over ₹59,000 crore. In all offers, the banks will end up taking a haircut of up to 79 per cent of their claims

BharatPe to double down on online payments after RBI licence approval

The push comes amid RBI's final licence approval and intensifying competition

Data centre industry entering phase of unprecedented growth: Nxtra CEO

"Data centre industry is entering a phase of unprecedented growth -- and Nxtra is proud to be at the forefront of this transformation," Arora said in the CEO message in the report

Snowflake ramps up India investments, targets growth across sectors: MD

The company is strategically expanding its presence and capabilities, aiming to grow its headcount to over 700 employees by the end of 2025

CBI action on RComm won't affect Reliance Power, RInfra, say filings

Reliance Group companies said they are separate and independent listed entities with no business or financial linkage to Reliance Communications

Economic ties boosting growth, India key for AI, tech: Microsoft India Prez

Chandok, President of Microsoft India and South Asia, said that while AI now writes 30 per cent of the company's code, a massive tech debt remains on the supply side in the industry

Dream11 parent Dream Sports testing new app to enter financial services

Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games

CARE Ratings upgrades Punjab & Sind Bank tier-II bonds on asset gains

The rating has been upgraded from CARE AA- with Positive outlook to CARE AA with Stable outlook, the bank has said in a regulatory filing

28 listed Indian realty firms sell ₹53k crore in properties, Prestige leads

DLF Ltd, the country's biggest realty firm in terms of market capitalisation, stood at the second position

BPCL outperforms rival PSUs in Q1, records industry-best per-pump sales

Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) reported a combined profit of Rs 16,184 crore

Starlink permit bars copying, decryption of Indian data abroad: MoS Telecom

The minister said that security conditions mandate satellite communication providers to set up earth station gateways in India through which communications from satellite to users are routed

Credit card business to get fresh push from November onwards: PNB MD

The bank is planning to reshape this entire activity and come up with new direction for growing the credit card business

IHCL eyes strategic acquisitions to expand presence in key markets: MD

As part of its 'Accelerate 2030' strategy unveiled earlier, IHCL has set a target of over 700 hotels in its portfolio by 2030.

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

State-owned Bank of India granted a ₹700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities

Mahindra scouts land for new plant, aims to expand service network

The Mumbai-based auto major has unveiled its all-new modular, multi-energy NU IQ platform that will support a new range of SUVs

Spotify flags price rises as it introduces new services, features: Report

Earlier in August, the Swedish firm said it would increase the monthly price of its premium individual subscription in some markets from September

Adani Agri Fresh starts 2025 apple procurement in Himachal at ₹85/kg

Procurement will begin on August 24 at AAFL's facilities in Rohru, Rampur, and Tutu-Pani, on August 25 at Sainj and Jarol-Tikkar, and on August 28 at Reckong-Peo