Page 2813 - Company News

Cement prices in southern India rise 18% over strong production discipline

Prices in Maharashtra are up by around 10 per cent at Rs 354 a bag, supported by higher prices in the South

JSW Steel sweetens offer by Rs 400 cr to close Bhushan Power deal

Proposal was made last week, payment subject to bank guarantee or indemnity from lenders, so that in case SC rejects resolution plan, settlement amount will be reversed

Flipkart to spin-off PhonePe, payments firm to be valued at $5.5 billion

Move will help PhonePe access dedicated, long-term funds for its growth plans. In this financing round led by Walmart, PhonePe is raising $700 mn primary capital at post-money valuation of $5.5 bn

HCL Tech's Roshni Nadar tops the list of India's wealthiest women

Kotak Wealth Hurun-Leading Wealthy Women features eight dollar billionaires and 38 women with wealth of Rs 1,000 crore and above

Toyota to resume production with limited staff amid face-off with union

Though state labour dept ordered workers to call off strike and resume operations on Nov 19, company says less than 10% returned, forcing it to extend lockdown four days later

NCLT okays resolution plan for Reliance Infratel; may entail sale of assets

Decks cleared for sale of tower, fibre assets to Reliance Digital

Maruti, Hyundai to ramp up production in Dec as festive demand sustains

Carmakers concentrated on reducing inventory while factory production was lesser this month due to holidays, and November auto sales fell below estimates as a result

More cheer for United Spirits as hard liquor sales outperform beer in Q2

Higher in-home consumption and premiumisation to benefit the Diageo-owned company

Nestle to spend $3.6 billion over next 5 yrs to cut carbon footprint

The company is taking measures to halve its carbon emissions by 2030 and achieve net-zero emission by 2050, even as the company grows

Easing of global raw material prices to aid Sheela Foam's margins

The stock of Sleepwell mattress maker has gained 28 per cent over the last month

Nestle to recycle 100% packaging by 2025 to reduce carbon footprint

Globally, firm aims to become net zero by 2050 via reduced use of water at farms, sustainable packaging and use of green energy at all its 800 plants and warehouses

Global price hikes strengthen steel manufacturers; sectoral m-cap up 43%

The top 13 iron and steel firms now have a combined m-cap of Rs 2.45 trillion, up from Rs 1.7 trillion at the beginning of October

Cox & Kings case: ED chargesheets Rana Kapoor, Peter Kerkar, 10 others

The latest findings by the ED probe in the CKL matter revealed that the entire gamut of siphoning off of funds and diversion of loan money from various banks stood at Rs 6,968 crore

PMLA tribunal directs "status quo" on Chanda Kochhar's properties

Next hearing slated for February

Dept of Space inks NDA with small satellite launch vehicle maker Agnikul

Agnikul, a Chennai-based start-up, is building a small satellite launch vehicle

SC allows Franklin Templeton to seek investors' nod for winding up schemes

Top court slams Sebi for staying on sidelines when unitholders began redeeming their investments; redemptions to remain suspended till further notification

Will exercise first refusal on Hines stake in Gurugram property: DLF

Blackstone, Brookfield, Allianz make ₹2,000-crore bid for the property

IT sector likely to get a booster shot as firms plan to spend more

IT spending is expected to get a further boost as a majority of the clients would reprioritise spending to strengthen digital capabilities

YES Bank takes on lease 62,500 sq ft office space in Noida from Max group

Built with an investment of about Rs 600 crore, with a net leasable area of over 5.5 lakh sq ft, Max Towers is a 21 storey premium commercial office project.

UltraTech Cement to invest Rs 5,477 cr to raise capacity by 12.8 mn tonnes

Expansion could be a mix of brown and green field projects; demand in eastern part of India strongest of all regions, say brokerages