Page 2130 - Company News

Strong growth outlook, valuations point to further upside for UPL

Buyback could support the price in the near term

Future Retail NPAs: Indian Bank to take Rs 800-crore hit in fourth quarter

Earlier, a consortium of 27 banks had indicated they would have to make combined provisions of around Rs 9,000 crore due to non-payment by the retailer.

Anand Mahindra responds to PM Modi's call, may set up medical college

Mahindra suggested that state governments frame good policies for land allotment so that India could produce a large number of doctors and paramedics.

Khaitans step down from Eveready board after Burman Group open offer

For the first time, Khaitans won't be represented on firm's board since they acquired Union Carbide India in 1993 and renamed it Eveready Industries India. But they will continue to hold 4.84% stake

Sebi denies permission to crisis-hit PFS to hold board meeting

In January, all the three independent directors on the company's board had resigned over corporate governance issues and other matters

People in Thoothukudi understand that they were misled: Sterlite Copper COO

'Copper is an important metal for the economy of the country', said Sumathi Angusamy

Smartron launches 2nd-gen tbike OneX for B2B segment; price at Rs 38,000

With this launch, the company said it now has five tbike models in its product portfolio

FRL-Reliance merger: SC defers hearing on Amazon's plea for 10 days

A bench headed by Chief Justice N V Ramana took note of the submissions of senior advocate Gopal Subramanium, appearing for Amazon, that there be no order from the Delhi High Court

Pinnacle to invest Rs 2k cr to build EV manufacturing units in Pune, Indore

The Pune-based company, which has been into automotive seatings, interiors for speciality vehicles since 1996, has already set up an electric vehicle unit under the Eka label

Chinese automaker SAIC's MG Motor India to raise funds for EV push: Report

'MG Motor India has yet to finalise how much money it plans to raise, which will depend on the valuation of the Indian business and its growth plans'

Tata Steel performance is 'historic' but best is yet to come: Chandrsekaran

He complimented Tata Group in general and Tata Steel in particular for raising to the occasion in 'multiple fronts' during the global lockdown

Spotify shuts Russia office, removes content from RT, Sputnik

Swedish music streaming giant Spotify has shut down its office in Russia and removed content from state-backed media outlets RT and Sputnik

Meat and seafood brand TenderCuts opens first all-women store in Chennai

The store was an extension of TenderCuts' vision to enable all shoppers, especially women, to step into meat or fish buying experience, a press release said

Wockhardt sets issue price at Rs 225/share for Rs 748-cr rights issue

Earlier in January this year, Wockhardt's board had approved raising of up to Rs 1,000 crore through a rights issue to its existing shareholders

Vodafone Idea board approves Rs 14,500-cr fund-raising plan

The board approved issuance of up to 3.38 bn equity shares at issue price of Rs 13.30 per share

Axis Bank, IPE Global commit $150mn loan for India health infra, post Covid

Axis Bank has committed to strengthening India's healthcare infrastructure by signing an MoU with IPE Global for the SAMRIDH Healthcare Blended Finance Facility, the bank said in a release

Formula One terminates contract with Russia after Ukraine invasion

Formula One has terminated its contract with the Russian Grand Prix following the country's invasion of Ukraine, saying Thursday that Russia will not have a race in the future.

Former boss Ghosn says Nissan's lack of vision is hurting Renault

Ex-Nissan Motor chairman Carlos Ghosn, who was ousted following his arrest in Japan, said that its alliance partner Renault SA is struggling because of the Japanese automaker's lack of vision

BharatPe removes Ashneer Grover's profile from website

Along with BharatPe, Unity Small Finance Bank, which is a joint venture between BharatPe and the Centrum Group, has also removed his profile from its portal

Indian Oil Corp to supply fuels to Sri Lanka in 4-5 month deal

Indian Oil Corp (IOC) will supply 12-13 fuel cargoes to Sri Lanka to help the island nation facing an energy crisis, the Indian company said