Page 2096 - Company News

Future Retail CEO resigns amid legal battle, debt recovery

FRL also said in Thursday's stock exchange filing that Kishore Biyani, founder and CEO of Future Group, was re-appointed as executive chairman of Future Retail for three years

KKR affiliate sells 10% stake in Max Healthcare for nearly Rs 3,300 cr

It sold shares at Rs 340 a apiece to a clutch of investors, which included SBI Mutual Fund, Pension Fund Global and Smaller Cap World Fund

Ruchi Soya fixes FPO issue price at Rs 650 per share; to raise Rs 4,300cr

Patanjali Ayurved-owned Ruchi Soya on Thursday fixed the issue price of its follow-on public offer at the upper limit of its price band at Rs 650 per equity share to raise Rs 4,300 crore

'Rapid digital adoption, more capital flow leading to tech talent crunch'

The findings were made by Scaler, which released annual 'Hiring Trends Report 2022', capturing the current hiring trends and demands of the Indian IT industry

Exide Industries announces investment of Rs 6,000 crore in Karnataka

This is for setting up one of the largest giga factories for advanced cell chemistry technology

GFG Alliance appoints Tata Steel executive as chief investment officer

GFG Alliance, owned by commodities tycoon Sanjeev Gupta, has appointed Sandip Biswas, a former executive with Tata Steel, as chief investment officer

SpiceJet settles $24-mn financial dispute with Credit Suisse

SpiceJet said it has settled its commercial dispute worth around USD 24 million with Credit Suisse, with low-cost airline agreeing to pay the settlement amount over a mutually agreed period of time.

Volkswagen group crosses cumulative production of 1.5 mn units in India

Volkswagen group has crossed the cumulative production milestone of 15 lakh units in India across its three brands - Skoda Volkswagen and Audi, according to Skoda Auto Volkswagen India Pvt Ltd

IOC unit to release 6,000 MT diesel to help ease power crisis in Lanka

Power cuts lasting over 13 hours came to be in place on Thursday, the longest cut since 1996 when a strike by the state power entity employees caused a 72-hour black out

NTPC Group's power output up 14.6% to 360 billion units in 2021-22

The country's largest power producer recorded the maximum single-day generation of 1,215.68 MU (Group) and 1,013.45 MU (NTPC) during 2021-22

ONGC OFS's retail portion subscribed 72%

Through the OFS, the government has divested 1.5 per cent stake in ONGC to raise Rs 3,000 crore.

Bezos poised to clash with Mukesh Ambani in auction for IPL media rights

The auction promises to be an epic showdown between the Seattle-based retail Goliath on one side and India's most valuable company on the other and could see bets of $7 bn or more

L&T appoints former Citibank India head Pramit Jhaveri as director

The board also approved the appointment of Jhaveri as an independent director of the company for a period of five years with effect from April 1, 2022, L&T said in a statement

Yatharth Hospital & Trauma Care Services files initial papers for IPO

Yatharth Hospital & Trauma Care Services Ltd has filed preliminary papers with Sebi for an initial public offering that will include sale of fresh equity shares worth Rs 610 crore

Kumar Mangalam Birla to spend $7.2 bn on aluminium demand bet

Birla-owned Hindalco Industries will invest the amount mainly across its businesses in India and North America

From flexible hours to child care, India Inc innovates to hire more women

Getting women back to paid jobs after a long break is part of a growing awareness across India Inc

Edtech firm Vedantu launches platform for immersive live learning

W.A.V.E 2.0 technology measures more than 100 parameters using artificial intelligence and machine learning.

Reliance Group in letter defends its takeover of Future Retail stores

Reliance, has privately defended an abrupt takeover of the stores of debt-laden rival Future Retail, saying mounting dues of $634 million compelled it to act beyond expectations, a letter shows

Worth the price? Brands will count the cost of bidding for IPL media rights

At base price of Rs 32,890 crore, India's biggest companies will calculate business logic in joining the bidding contest.

Microsoft launches Founders Hub platform in India to empower startups

Microsoft launched its 'Microsoft for Startups Founders Hub' in India -- a platform that will support founders here at every stage of their startup journey, with access to over $300,000 in benefits