Page 2080 - Company News

HDFC Bank writes to RBI, seeks approval to hold 50% stake in HDFC Life

Lender wants either be allowed to hold a 47.82 per cent stake HDFC Ltd in the insurer or buy additional stake in the company from the market

LIC IPO: Govt may increase allotment size to align offer with Sebi's rules

The market regulator has approved LIC's updated draft red herring prospectus (DRHP), paving the way for the Centre to file the red herring prospectus (RHP) for India's biggest IPO.

HDFC twins merge in $40-bn deal; amalgamation may take 15 to 18 months

The country's largest housing finance company and the biggest private sector bank announced that their boards have approved an all-stock amalgamation of HDFC Ltd into HDFC Bank

Will protect interest of home buyers in Supertech's twin towers, assures SC

The top court also sought response from the IRP on the disbursal of home buyers' claims

HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%

The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring

Mankind Pharma forays into agri-tech space, plans to invest Rs 200 crore

Mankind Pharma on Monday announced its foray into the agri-tech segment, with plans to invest up to Rs 200 crore in the first two to three years

Sterling Holiday Resorts appoints Vikram Lalvani MD & CEO

He takes over from Ramesh Ramanathan, who continues to be the Chairman of the company, Sterling Holiday Resorts said in a statement

Renault ties up with CSC Grameen e-Stores to open 300 booking centres

Automaker Renault India on Monday said it has opened 300 booking centres across the country in collaboration with CSC Grameen e-Stores

Volkswagen drives in Polo Legend Edition to mark 12 years of hatchback

The Polo Legend edition is priced at Rs 10.25 lakh (ex-showroom) onwards

Flipkart launches rural area- and women-focused Flipkart Foundation

Aims to positively impact 20 million lives directly and indirectly over the next decade

Mahindra Electric Mobility launches Alfa CNG's passenger, cargo variants

Mahindra Electric Mobility Ltd, part of Mahindra Group, on Monday launched its new Alfa CNG passenger and cargo variants with price starting at Rs 2.57 lakh (ex-showroom Lucknow)

Vodafone raises stake in debt-ridden Vi to 47.61% through Prime Metals

The company earlier held 44.39 per cent stake in Vodafone Idea Limited (VIL)

Cheap tickets to stay as India's airlines squabble on fare hikes

IndiGo is unperturbed by criticism as well as calls from smaller rival SpiceJet for airlines to work together to raise fares, even if that causes a slight dip in bookings

IndiGo suspends 5 pilots for protesting pay cuts, may act against 15 more

A group of IndiGo pilots are trying to report sick on Tuesday protesting, delay of restoration of salary cuts

'No impact of WHO action on Covaxin, not supplied to any UN agency'

Bharat Biotech also said the WHO announcement will not impact the Ocugen trials

Two independent directors of debt-ridden Future Enterprises resign

All 19 companies would be consolidated into one entity -- FEL -- and then transferred to RRVL

Amazon, Future to appear before Singapore International Arbitration Centre

SC asks both parties to urge Delhi HC to hear enforcement pleas of US firm first

Paytm Payments Bank still to appoint firm for IT audit: MoS

The Paytm Payments Bank has not yet appointed a firm which will conduct an audit of its information technology (IT) systems, minister of state for finance Bhagwat Karad said

Suspected tech snag forces Lucknow-bound IndiGo flight to return to Nagpur

An IndiGo statement said its flight 6E-7074, operating from Nagpur to Lucknow, "returned to origin after take-off following a suspected momentary technical snag"

HDFC twins merge in $40-billion deal: The making of a behemoth

The merged entity would be the second-biggest in terms of m-cap (Rs 14.05 trillion), ahead of TCS but behind RIL