Page 2454 - Company News

Tata Sons seeks shareholders' approval to raise Rs 40,000 crore in debt

The shareholders will vote on the proposal on September 14 at the company's annual general meeting

Sebi puts Gemini Edibles & Fats India's Rs 2,500-crore IPO in 'abeyance'

Without disclosing the reason, Sebi said "issuance of observations kept in abeyance" with regard to the IPO of Gemini Edibles & Fats India according to an update on the Sebi's website as of August 20

ACME Group to set up green ammonia, green hydrogen facility in Oman

ACME Group on Monday said it has signed a land agreement to set up a $3.5 billion green ammonia project at Special Economic Zone at the Port of Duqm in Oman.

Vedanta makes natural gas discovery in Gujarat block won in OALP round

Billionaire Anil Agarwal's Vedanta on Monday said it has made a natural gas discovery in a block in Gujarat that it had won in the open acreage licensing policy (OALP) round

Maruti Suzuki to take 'appropriate action under law' on CCI penalty

Maruti Suzuki India Ltd said it is examining and will "take appropriate actions under law" with regards to an order by CCI

CCI imposes Rs 200 cr penalty on Maruti Suzuki over dealer discount policy

CCI has asked Maruti to 'cease and desist' from indulging in such practices and asked the company to deposit the fine within 60 days

Eicher Motors re-appoints Siddhartha Lal as MD, revises pay structure

Board clarified that the pay hike for MD is in line with average employee's 9.7%; revised remuneration structure, with a maximum cap at 1.5 per cent of profits

Siddhartha Lal, voted down by Eicher shareholders, gets Enfield staff backing

While extending support on the re-appointment, Sampath, vice-president, Royal Enfield Employees Union, was critical of the way employees unions are treated

Pfizer to acquire cancer drugmaker Trillium Therapeutics for $2.3 bn

Pfizer will pay $18.50 a share for Cambridge, Massachusetts-based Trillium, the companies said Monday in a statement.

Portea Medical elevates Meena Ganesh as chairperson; Vaibhav Tewari is CEO

The new appointments have been made to further synergise and streamline Portea's operations in the new normal, and activate the 2023 growth strategy of the organisation

Zydus Cadila gets USFDA nod for arthritis drug with 180-days exclusivity

Drug firm Zydus Cadila said it has received final approval from the US health regulator to market Tofacitinib extended-release tablets, used to treat rheumatoid arthritis, in the American market

I Squared Capital invests $200 mn in Singapore-based AG&P City Gas

AG&P City Gas is developing twelve city gas distribution networks in India

Paytm, HDFC Bank tie up to develop payment products for new online ventures

While HDFC Bank will drive merchant partnerships to whom Paytm will offer its existing Android PoS devices, the two will also jointly launch a co-branded retail PoS product

Mumbai: A-list realtors queue up to enter one of world's priciest market

Increasing demand for luxe housing, accommodative state policies and decadal-low home loan rates could be some of the triggers

Meet Anita Kishore, the strategist behind Byju's global acquisitions

While the organic growth continues to be strong for Byju's, the edtech giant sees inorganic routes including acquisitions as another pillar for growth and expansion, says chief strategy officer Anita

Iron ore price fall yet to completely reflect in the domestic market

Steel companies in wait-and-watch mode, expect reduction from NMDC

Security clearance delay for equipment hits telecom gear makers

Without such certification, telcos cannot give product orders to vendors

Tube Investments to launch electric 3-wheeler passenger vehicles by March

Following this, TII will gradually look into the cargo segment, scooters and e-rickshaws

Nokia shipped nearly 12.8 mn handsets in Q2 driven by 1.4, G and C series

Nokia brand shipped nearly 12.8 million handsets in the second quarter (Q2) of 2021, new data has showed.

Xiaomi to offer full spectrum of financial services in India via partners

Xiaomi is bringing in offerings like gold loans, credit line cards and insurance products as it looks to provide the full spectrum of financial services across payment, lending and insurance in India