Page 2248 - Company News

RBL Bank sets up panel to hunt for managing director & CEO

The bank's board on December 25 elevated Rajeev Ahuja as an interim MD and CEO with immediate effect, after sending Vishwavir Ahuja on leave

LIC, GIC Re and New India systemically important insurers: Irdai

Life Insurance Corporation of India; General Insurance Corporation of India; and New India Assurance Co. Ltd, are in the list of D-SIIs for the year 2021-22, it said

Satish N S to lead Haier India in 2022, as Eric Braganza set to retire

Consumer durable maker Haier Appliances India on Thursday said Satish N S will take over as President of the company, as incumbent Eric Braganza is going to retire on January 1, 2022.

2021, the year that was: Firms may no longer share higher cost burden

The concluding part of year-ender series looks at how inflation pinched consumers' pocket

CCI approves 96.42 per cent equity acquisition in Jindal Power by Worldone

The Competition Commission of India (CCI) said on Thursday it has approved the acquisition of 96.42 per cent equity shareholding in Jindal Power Limited by Worldone Private Limited.

Foreign firms keen on Ford plant in India: TN minister Thennarasu

Tamil Nadu, a state of more than 70 million people and one of the country's most industrialised, is sometimes called the "Detroit of Asia".

The year of traditional media: Print and TV bounced back in 2021

At 468 million unique visitors a month, digital's reach is just a little over half of TV's 892 million.

Cars24 and Bajaj Finance partner to provide financing to used car buyers

This move follows a Series G funding round announced in December 2021 where the firm raised $400 million at a $3.3-billion valuation.

Kalpataru Power Transmission bags new orders worth Rs 1,560 crore

Kalpataru Power Transmission Ltd on Thursday said that it has bagged new orders worth Rs 1,560 crore.

Textile firms set to spin their way to recovery in 2022: A CRISIL analysis

Credit outlook largely stable for cotton yarn and readymade garments players

Dish TV to share results of shareholders' voting with Bombay High Court

World Crest Advisors had filed a case against YES Bank and Catalyst Trusteeship in the Bombay High Court on December 18

At EGM, IndiGo shareholders back resolution to scrap RoFR clause

The removal of clause will now allow the two promoters of the airline to sell or transfer shares to a third party without giving each other notice

NTPC arm to float global tender to set up Rs 15k-cr 3 GW RE project by Feb

The development assumes significance given India's ambitious target of having 175GW of renewable energy by 2022, including 100GW of solar and 60 GW of wind energy

IDFC FIRST Bank begins process for 3-way merger; stock ends flat

The merger would be subject to the shareholders, creditors, statutory and regulatory approvals of the respective entities

Professor one of richest post SenseTime Group's red-hot debut

The Massachusetts Institute of Technology alum's wealth has jumped by $300 million to roughly $3.7 billion

Samsung, Micron warn Xian lockdown may disrupt memory chip manufacturing

Samsung Electronics also said on Wednesday that it would temporarily adjust operations at its Xian manufacturing facilities

Despite strong Q3 hopes, upsides for Asian Paints' stock could be capped

Pandemic related restrictions, rural slowdown and input costs are key concerns

IDFC First Bank board favours merger with promoter entities

Earlier in July, the Reserve Bank of India allowed IDFC Ltd to exit as the promoter of IDFC First Bank as the five year lock-in period ended

SBI to acquire nearly 10% stake in India International Clearing Corporation

The strategic investment in IICC is aimed at strengthening the financial markets infrastructure, SBI said

LIBOR transition: SBI says ready to embrace new alternatives

The bank said it will spread awareness about the transition among customers and extensive client groups through curated knowledge sharing sessions