Page 2177 - Company News

Dr Reddy's Laboratories inks agreement to acquire Nimbus Health GmbH

Dr Reddy's Laboratories on Thursday said it has inked a pact to acquire Germany-based Nimbus Health GmbH.

Ather Energy signs MoU to set up 1K EV charging stations in Karnataka

A MoU was signed between Ather Energy and Electric Supply Companies (ESCOMs) of Karnataka in the presence of Basavaraj Bommai for setting up 1,000 fast charging stations across the state.

TCS to expand ops in New Jersey, hire 1K additional employees by 2023-end

TCS' Edison Business Center, one of 30 TCS facilities in the US, serves more than 100 customers in New Jersey.

Nokia India sales fall 15% to 250 million euro in December quarter

Telecom gear maker Nokia on Thursday reported a 15 per cent decline in India sales to 250 million euro (about Rs 2,113 crore) in the December 2021 quarter.

ITC Q3 results: Net profit rises 14.8% to Rs 4,118.80 cr, revenue jumps 30%

Pre-tax profits from the non-cigarettes FMCG segment was at Rs 246 crore, compared with Rs 243 crore in the same period last year

Sons rise in Emami, as founders turn mentors to pave way for next gen

Founders R S Agarwal and R S Goenka not to draw any emoluments for their new positions as chairman emeritus and non-executive chairman, respectively

Tyre companies urge govt to remove anti-dumping duties, curbs

The All India Tyres Federation sought removal of anti-dumping duty on tyres and urged the government to lift import restrictions imposed

ReNew Energy Global announces a share buyback worth $250 million

ReNew Energy Global (ReNew), the listed parent of Indian renewable energy company ReNew Power, has announced a share buyback worth $250 million just six months after getting listed on the Nasdaq index

ICICI Bank raises stake in GIFT City clearing corp IICC to 9.9%

ICICI Bank said it has bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs 4.43 crore

Home First eyes 30% jump in loan sales at Rs 5,600 crore in FY22

Affordable housing-focused Home First Finance is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year

Manyavar-owner Vedant Fashions collects Rs 945 cr from anchor investors

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday

Adani Power Maharashtra asks MSEDCL to pay Rs 10,135 cr in 4 weeks

Adani Power Maharashtra Ltd has shot off a letter to Maharashtra State Electricity Distribution Co. Ltd for payment of Rs 10,135 crore

Godrej Properties to invest Rs 400 cr in DB Realty to pick up 10% stake

Godrej Properties to invest another Rs 300 cr to jointly build redevelopment projects

Kuwy launches a platform for complete online car sales process

Kuwy said it has launched a platform for complete online car sales process by bringing together buyers, sellers and lenders.

LIC ties up with Policybazaar.com for distribution of its products

This is LIC's first association with an insurance aggregator, and otherwise relies heavily on its large agency force of 1.33 million agents for distributing its products

IEX power trade volume rises 16% to 8,652 million units in January

Overall, the Exchange achieved 16 per cent YoY (year-on-year) volume growth in across all its market segments during the month (January),' an IEX statement said

GoZero plans to invest $1 million for expanding presence to North-East

GoZero, which has partnered with Kolkata-based Kirti Solar for product development and manufacturing, on Thursday said it plans to invest 1 million to expand its presence to India's northeast market.

Top headlines: Setback for FRL from lenders; Titan Q3 net zooms 91%

Business Standard brings you the top headlines on Thursday

Corporate rejig: Emami founders pave way for gen next to take over control

The company was founded in the mid-1970s in West Bengal when two close friends left their high profile corporate jobs to set up a cosmetic manufacturing unit in Kolkata

Granules India gets USFDA approval for generic antidepressant drug

Bupropion Hydrochloride is used as an antidepressant medication to treat major depressive disorder and seasonal affective disorder