Page 2392 - Company News

Automaker Kia India reports 23% decline in wholesales in September

The company sold 4,454 units of Sonet, 9,583 units of Seltos, and 404 units of Carnival last month to dealers.

Reliance Retail extends deadline by 6 months to complete Future buyout

'Reliance Retail Ventures Limited extended the timeline for Long Stop Date from September 30, 2021 to March 31, 2022,' says Future Retail

Apple to avoid 600 MT of plastic with no plastic wrap on iPhone 13 range

Last July, Apple had unveiled its plan to become carbon neutral across its entire business, manufacturing supply chain, and product life cycle by 2030.

Hyundai India sales decline 24% in September to 45,791 units

Exports increased 34.3 per cent to 12,704 units as compared with 9,600 units in September last year

Tata Sons winner of Air India bid? Govt says no decision taken as yet

DIPAM Secretary, in a tweet, said the government has so far not approved the financial bids for Air India

Zee refuses to convene the EGM as requisitioned by Invesco

'In its meeting held on October 1, 2021, the Board has arrived at a conclusion that the requisition is invalid and illegal,' says Zee in a stock exchange filing

Megha Engineering and Infrastructure sees prospects in PSU disinvestments

The company has been shortlisted as qualified bidder for Shipping Corporation of India, Neelachal Ispat, and BEML

How prolonged closure of Sterlite plant is impacting copper exports

The prolonged closure of its controversial Thoothukudi plant has had an unintended impact on the country's exports of the industrial metal

Cipla eyes acquisitions in India, US after Covid-led windfall

With a funding frenzy currently underway in India, Cipla may struggle to find attractive targets

Multiplex owners are heading for another face-off with OTT players

Cinema owners want to return to 8-week gap between theatrical and OTT release

Maruti Suzuki sales decline 46% to 86,380 units in September

The company had sold 1,60,442 units in September last year

Market intelligence platform AlphaSense raises $180 mn in Series C funding

The capital infusion will be used to further invest in product development, content expansion, and customer support, and to drive organic growth as well as acquisitions

POPxo forays into beauty segment, eyes Rs 100 cr revenue run rate

POPxo, a digital community for women, on Friday announced its foray into the beauty segment and said it aims to log a revenue run rate of Rs 100 crore in the next 12 months.

Piramal Capital & Housing Finance acquires DHFL via reverse merger

In January 2021, 94 per cent of the creditors of DHFL voted in favour of Piramal Group's resolution plan under the Insolvency Bankruptcy Code (IBC)

Oyo files to raise $1.1 bn in IPO after refashioning business model

The filing of the draft red herring prospectus of Oyo, which is officially known as Oravel Stays, marks a dramatic recovery after the pandemic buffeted the travel and hospitality industry

In Focus: Reliance Industries the latest target of shareholder activism?

One of the world's largest institutional investors has locked horns with RIL over its appointment of the Saudi Aramco chairman as an independent director. Do they have a real case, legally speaking?

Toyota Kirloskar posts 14% growth in domestic sales at 9,284 units for Sep

Toyota Kirloskar Motor (TKM) on Friday reported 14 per cent growth in its domestic wholesales to 9,284 units in September as compared with same month last year

Telecom dept asks Voda India, Airtel to pay Rs 3,050 cr in penalties: ET

Airtel has to pay Rs 1,050 crore and Vodafone Idea Rs 2,000 crore, says report.

NTPC's renewable arm signs first green term loan of Rs 500 cr with BoI

The deal is at a competitive rate with a tenure of 15 years, for its 470 Mw solar projects in Rajasthan and 200 Mw in Gujarat

Alteria announces final close of second venture debt fund at Rs 1,800 cr

Alteria Capital Fund II will be the largest pool of alternative debt capital available for early and growth-stage start-ups in India