Page 240 - Company News

Adani Group close to acquiring Jaiprakash Associates, makes ₹12,000 cr bid

With a cash payout of ₹3,500 crore, the Adani Group is leading the race to acquire Jaiprakash Associates. The offer also includes retaining ₹890 crore within the company after its acquisition

Uber's India ambitions face challenge from rival Rapido's pricing model

India is crucial for Uber because its massive population of more than 1.4 billion people represents an unparalleled opportunity for expansion

HUL appoints Priya Nair as CEO & MD from Aug 1, first woman to lead company

Hindustan Unilever announces Priya Nair as its new CEO & MD, making her the first woman to lead the company. Nair brings over 20 years of experience in various leadership roles at Unilever

Valuation of Manipal Hospitals hits $13 billion; firm eyes IPO in 2026

Bengaluru-based Manipal Hospitals cements top spot with major expansion, aims IPO

Makaibari tea estate owner ups branded play with British buyout deal

For Luxmi, the Brew Tea deal ticks key boxes in its strategy, mainly, focusing on quality and branding

Short-seller flags Hindustan Zinc ₹1.5K cr 'brand fee' payment to Vedanta

The allegations place the next move squarely in the government's court, raising questions around Vedanta's compliance with its contractual obligations and governance standards in managing a company

No clarity on FY25 salary hike, says TCS amid economic uncertainties

TCS has not decided on salary hikes for FY25 due to macroeconomic uncertainties and delayed deal closures, with an update expected once the situation improves, says HR head Milind Lakkad

Vedanta Chairman Anil Agarwal fends off Viceroy Research's volleys

Chairman vows transparency after US short-seller's allegations

SBI MF enters SIF space with new offerings under 'Magnum' brand name: Dy MD

SBI MF enters the specialised investment fund segment under the Magnum brand with equity and hybrid offerings, joining other major AMCs in launching high-ticket SIF products

Zee Ent fails to get shareholders' majority for preferential issue

Zee Entertainment Enterprises (ZEEL) fails to get the required 75% approval for a Rs 2,237 crore preferential issue to the Subhash Chandra family

Glenmark arm inks $700 million licensing deal with US-based AbbVie

IGI Therapeutics, a wholly owned subsidiary of Glenmark, has licensed its cancer and autoimmune drug ISB 2001 to AbbVie for an upfront payment of $700 million

Operating landscape turning favourable: Axis Bank MD & CEO Amitabh Chaudhry

Axis Bank CEO Amitabh Chaudhry highlights improving regulatory conditions and the bank's strong capital base as factors positioning the bank for growth in fiscal 2026

CoC approves JSW Infra's resolution plan for NCR Rail Infrastructure

The Committee of Creditors (CoC) has approved JSW Infra's resolution plan for NCR Rail Infrastructure. The plan, subject to necessary regulatory approvals, aims to expand JSW Infra's logistics

Rossell Techsys aims to double role in defence aircraft, eyes 15% share

The Bengaluru-based firm aims to double its role in defence aircraft output, targeting a 15% platform share in 3-5 years as it expands capabilities and workforce to meet rising global aerospace demand

Jane Birkin's original Hermes bag sells at auction for 7 million euros

The subsequent commercialized version of Birkin's bag went on to become one of the world's most exclusive luxury items, extravagantly priced and with a yearslong waiting list

PC Jeweller to raise ₹500 crore via preferential issue to repay debt

The preferential allotment of equity securities will be made to promoter and non-promoter investors as the company aims to be debt-free by March 2026

Bain Capital divested 1.9% stake in Embassy Office Parks REIT for ₹691 cr

Private investment firm Bain Capital on Thursday divested a 1.9 per cent unitholding in Embassy Office Parks REIT for Rs 691 crore through an open market transaction.

Nutella maker Ferrero to acquire WK Kellogg private in $3.1 bn deal

The deal, which still needs approval from Kellogg shareholders, is expected to close in the second half of the year

HUL announces Priya Nair as new MD-CEO for 5 years effective Aug

Priya Nair's appointment, effective August 1, 2025, marks a five-year term as HUL MD and CEO, succeeding Rohit Jawa who steps down after two years in the role

Anil Agarwal unveils 3D strategy to double Vedanta's business size

Vedanta Chairman Anil Agarwal unveils a 3D strategy - demerger, diversification, deleveraging - to double the company's size and unlock value, aiming to create $100-billion businesses across sectors