Page 307 - Company News

Uttar Pradesh Cooperative Bank posts net profit of Rs 100 crore in 2025

The total business stood at Rs 41,234 crore, reflecting its growing role in the rural economy, according to a statement

Samsung India executives seek to quash $81 million penalty over tax evasion

The Indian tax authority in January found Samsung and its executives evaded tariffs by misclassifying imports of key mobile tower equipment from 2018 to 2021

IndiGo to be 1st airline to commence operations from Navi Mumbai airport

IndiGo will launch services at Navi Mumbai airport with 18 flights to 15 cities and scale up to 200 air traffic movements a day by March 2026 including international flights

BAT pares stake in ITC to 22.9%, relinquishes veto power in key move

BAT's latest stake sale trims its ITC holding below 25 per cent, ending veto rights just a year after it cited the importance of maintaining control through board influence

TCS chief Krithivasan's pay package rises 4.6% to ₹26.5 crore for FY25

The CEO's pay hike is broadly in line with the average annual increase in employee salaries as TCS adjusts remuneration to reflect performance and market trends

Adani Ports & SEZ likely to raise ₹5k crore through 15-yr bonds today

On Thursday, Indian companies plan to raise over ₹13,000 crore via debt sale

PepsiCo India logs ₹1,172 cr PBT for CY 2024, revenues at ₹8,877 cr

Company says it faced 'challenging external environment' as urban consumption slowed down and there were inflationary pressures

Limca becomes Rs 2,800-crore brand in 2024, says Coca-Cola India

The five-decades-old brand is witnessing strong double-digit growth in key states such as Delhi, Punjab and Haryana

LTIMIndtree, Aramco Digital to start IT services company in Saudi Arabia

LTIMindtree and Aramco Digital launch NextEra in Saudi Arabia to accelerate digital transformation, boost local IT services, and support Vision 2030 goals

Schaeffler to invest €500 million in India, opens fifth plant in Tamil Nadu

German firm Schaeffler will invest €500 million in India over five years to grow EV, rail, and renewable businesses and deepen localisation amid global shifts

Axis Max Life MD, CEO Prashant Tripathy to step down by September 2025

Prashant Tripathy, associated with the company since 2007, has served as MD and CEO for the past six years

JioHotstar tops March OTT charts on mobile for films, series: Nielsen

Nielsen's March 2025 data shows JioHotstar dominating mobile OTT content in India with top rankings across movies, original series, and non-original segments

Healthcare site Practo aims to double international revenue in 3 years: CEO

The company, which achieved profitability in the March 2024 quarter, was valued at $418 million as of April 2022, according to data from market intelligence platform Tracxn

IndiGo appoints former IAS officer Vikram Singh Mehta as new chairman

Vikram Singh Mehta will succeed IndiGo's Venkataramani Sumantran, who took charge of the low-cost carrier as chairman three years ago

Not leaving India, will launch 3 models by early 2027, says Nissan

Vatsa said Nissan is sticking to its plan of launching three new models by early 2027

Indel Money aims to double AUM to ₹4,000 cr by FY26 on gold loan demand

The company's AUM stood at Rs 2,400 crore in the financial year ended in March 2025

Practo expands to UAE, targets markets with large Indian diaspora

The health-tech platform begins operations in key UAE cities, aiming to serve the Indian diaspora and ensure seamless care across India and the Gulf

Suraj Estate Developers Q4 results: Net profit down 5% to Rs 18 crore

Total income rose to Rs 137.16 crore in the quarter from Rs 103.03 crore a year ago, according to a regulatory filing on Tuesday

PayPal receives RBI nod to operate as cross-border payment aggregator

This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses

Rooter revenue surges 120% to $10 mn in FY25 on strong commerce growth

Rooter Shop is witnessing an average user spending of about Rs 2,400 per month on its platform, the company said