Page 2498 - Company News

Higher sales, price hikes help Havells outperform Polycab

Demand recovery may help both companies post improved show in the coming quarters

NCLAT refuses to stay Piramal Group's resolution plan for DHFL

A two-member ben­ch presiding over the case said, "We do not think that any int­erim order as sou­ght with regard to resolution plan app­roved needs to be passed."

'Work near home' lifts corporate leasing of co-working spaces by 73% in H1

Companies are looking at managed spaces for the triple benefits of cost savings, lease flexibility and the hybrid/hub-spoke model of working that they offer

Jharkhand CM Soren asks Coal India to pay Rs 56,000 cr outstanding dues

Jharkhand Chief Minister Hemant Soren on Friday asked Coal India for immediate payment of Rs 56,000 crore outstanding dues in lieu of government land allotted to it for mining.

IOA ropes in Adani Group as sponsor for Tokyo Olympics

The Indian Olympic Association on Friday roped in Adani Group as a sponsor for the Indian contingent at the ongoing Tokyo Games.

Ambuja Cement profit soars over 2-folds to Rs 1,161 cr in Apr-Jun

Ambuja Cement Ltd, part of Swiss building material major Holcim group, on Friday reported nearly two-fold jump in consolidated net profit to Rs 1,161.16 crore in the quarter ended on June 30

Need to prescribe limit on air cancellation charges: Parliamentary panel

There is a need to rationalise and prescribe an upper limit on air cancellation charges, said a Parliamentary Standing Committee's report tabled in Rajya Sabha on Friday.

Max Bupa Health rebrands to Niva Bupa; aims total biz of Rs 2500 cr in FY22

Standalone health insurance player Max Bupa Health Insurance Friday announced that it has rebranded itself as Niva Bupa and said it is targeting a total business of Rs 2,500 crore in fiscal 2021-22.

Britannia to invest Rs 94 cr to up production capacity at Odisha plant

Home-grown food company Britannia Industries on Friday said it will invest Rs 94 crore to increase production capacity at its Odisha plant.

Consumers show intent to up spending in festive season, says report

Indian consumers have shown an intent to increase discretionary spends in anticipation of the upcoming festive season

India's natural gas production jumps 19.5% in June on back of KG-D6

India's natural gas production jumped 19.5 per cent in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block

NCLAT declines to stay Piramal Capital's approved resolution plan for DHFL

NCLAT declined to stay the resolution plan of DHFL and its subsequent takeover by the successful bidder Piramal Capital & Housing Finance over the plea filed by 63Moons Technologies.

Self-publishing is the only way for 97% of authors: CEO of Notion Press

In a Q&A, Naveen Valsakumar dwells on the coming-of-age of self-publishing, his firm's value proposition for budding writers and how he plans to take on the competition from Kindle

AGR case: Telcos' plea rejection does not go well for sector, says Icra

The rejection of telcos' pleas seeking re-calculation of AGR related dues does not bode well for a recovery in the sector

Shriram Housing Finance charts Rs 10,000-cr AUM growth map by FY24

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark

Britannia Industries to invest Rs 94 crore for expansion of its Odisha unit

Britannia Industries Limited Friday announced an investment of Rs 94 crore for the expansion of its manufacturing plant in Odisha's Khurda district to cater to the growing demand for its products

Plea in HC against re-entry of Shein via Amazon; court seeks govt reply

The Delhi High Court Friday sought response from the Centre and Amazon on a plea seeking to prohibit the re-entry of 'Shein' in India through sale of its products on the digital marketplace

Max Bupa rebrands itself as Niva Bupa, stops using 'Max' brand name

Max India, which owned 51 per cent in the insurer sold its stake to True North in February 2019 for Rs 510 crore

Karnataka HC quashes Amazon, Flipkart plea against antitrust probe

An Indian court on Friday dismissed a petition by Amazon.com Inc and Walmart's Flipkart seeking revocation of a single judge's decision to allow an antitrust probe against them to continue

SC rejects telecom companies' pleas for re-computation of AGR-related dues

The top court had on July 19 said it would pass orders on the applications filed by the telecom majors