Page 2091 - Company News

Hero MotoCorp refutes report of false expense claims; terms it speculative

The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities

S&P lowers outlook for Jubilant Pharma to negative, sees weak performance

Operating performance may remain weak due to regulatory issues, says rating agency.

Axis Bank set to buy Citi's India consumer business: Report

In April 2021, Citigroup announced its plan to exit from the consumer banking business in India as part of its global strategy

Public interest outweighs concerns over privacy, says Truecaller CEO

50% of Truecaller's subscribers in India are women who use the service as a first line of defence against harassment, he says

Canada Pension Fund sells 0.56% stake in SBI Life for Rs 597 cr

It sold 5.58 million shares at Rs 1,068.35 apiece. Buyers included Aditya Birla Sun Life MF, Avendus, ICICI Prudential MF, Singapore's GIC and Goldman Sachs

Traction in hiring, improving real estate demand positives for Info Edge

Cash deployment and valuation upside for new business/investee firms are other triggers

IL&FS recovery likely to be Rs 61,000 crore, 62% of total debt

The resolution process of IL&FS started three and half years ago after a new management was appointed by the government

Centre to sell 1.5% stake in ONGC via OFS; may get Rs 3,000 crore

Offer includes green shoe option, opens Wednesday; retail investors can place their bids Thursday

Samsung eyes 40% share in mid to high-end smartphone mkt by year end

Leans on revamped Galaxy A-Series; current market share is upwards of 25 per cent in the Rs 20,000-45,000 segment

BSE starts search for new MD & CEO as Ashish Chauhan's term ends

Candidates are required to send their applications by April 23 and it has appointed Egon Zehnder to oversee the process.

Tata Consumer Products to recast its India and overseas businesses

The company also proposed to purchase of a 10.15 per cent minority interest in its UK subsidiary, TCP UK, from Tata Enterprise (Overseas), Switzerland, (TEO).

Electricity tariffs may rise in Mumbai on spike in global coal prices

Maharashtra power regulator had set tariff for Mumbai users for 5 years in March 2020 when Richard Bay coal prices were at $64-72 a tonne. Since then, coal prices have quadrupled

Adani Group achieves financial closure of Navi Mumbai airport project

Milestone achieved by raising Rs 12,770-crore loan from SBI

IndiGo names Gaurav Negi new CFO, expands role of strategy head

Negi takes over from Jiten Chopra who is leaving to pursue other interests; new incumbent is the third CFO at the airline in as many years

Future Enterprises defaults on Rs 19.16-crore loan repayment

The due date for payment of Rs 19.16 crore was March 28, FEL said in a regulatory filing

From fleet to marketing, Alliance Air plots strategy for life beyond AI

Experts point out that profitability will be a challenge for the airline especially in view of high fuel prices

I-T department detects Rs 1K-cr 'bogus' expenses at Hero MotoCorp

The findings are learnt to be part of the tax department's initial probe into a possible tax evasion by the two-wheeler giant

Twitter bets on cricket in India market with new features, content formats

Between January 2021 and January 2022, 4.4 million Indians on Twitter shared 96.2 million tweets about cricket

Tata Sons nets Rs 11,164 crore from TCS buyback, LIC Rs 528 crore

Close to a million retail investors in TCS tender shares in the just-concluded buyback programme

SMSes pertaining to FPO not issued by the company, says Ruchi Soya

Ruchi Soya Industries has filed a first information report in Haridwar to investigate the origin of the messages doing the rounds on social media