Page 321 - Company News

Karachi Bakery is a '100% Indian brand', say promoters amid name row

Karachi Bakery promoters Rajesh Ramnani and Harish Ramnani said the brand Karachi Bakery was established in Hyderabad in 1953 by their grandfather Khanchand Ramnani

HCC Q4 results: Net profit drops 63% to Rs 90 cr, secures new contracts

HCC, in a statement, said it has secured three contracts worth Rs 5,692.6 crore with JV partners (HCC's share at Rs 3,472 crore) during the financial year

Brigade buys land near ITPL, plans Rs 2,000 cr Bengaluru office project

Brigade Group will develop 1.5 million sq ft of commercial space in Whitefield, Bengaluru, after acquiring 11 acres opposite ITPL, with a GDV exceeding Rs 2,000 crore

REC to provide Rs 2.5 trn finance for renewable energy projects till 2030

REC currently has an exposure of about Rs 53,000 crore in renewable energy projects with a total loan book of Rs 5.67 lakh crore as on March 31

Sebi bars Paytm's Vijay Shekhar Sharma from accepting Esops for 3 years

Vijay Shekhar Sharma and One97 Communications settle Sebi case on Esop violations with penalties and a three-year ban on accepting stock options from listed firms

Kia unveils Carens Clavis; eyes 20-25% volume gain in Carens portfolio

The company would cater to the fleet and budget buyers with Carens and the remaining ones with the more premium Clavis, Brar said

Titan's managing director Venkataraman to retire by year end: CEO

Venkataraman joined the company in 1990 and rose to the top post in 2019, the same year Chawala took the helm at the jewellery division

Paytm, founder and CEO Vijay Shekhar Sharma settle ESOP case with Sebi

Consequently, last month, Sharma had foregone these ESOPs and as a result, Paytm took a related ₹492 crore one-time charge in the previous quarter

Behind Microsoft's push for performance: firings, PIPs and re-hire bans

Tech major Microsoft has introduced strict performance rules; under-performers to face exit via PIP or voluntary separation, with a two-year rehire ban and no severance in some cases

CIL to set up $3 bn worth clean energy projects to boost renewable heft

AM Green, in which the founders of India's Greenko Group have large stakes, targets to produce 5 million tons per annum (MTPA) of green ammonia by 2030

OYO most profitable startup in FY25 with ₹623 cr profit: Ritesh Agarwal

Consequently, OYO's earnings per share (EPS) reached Rs 0.93 for FY25, up from Rs 0.36 in FY24, reflecting a 158 per cent increase, the documents showed

Dabur to drop underperforming tea, diapers; focus on Qcommerce for growth

Dabur is going for "rationalisation of underperforming products and SKUS in order to release capital for bigger bets", CEO Mohit Malhotra said

SC's reversal of $2.3 billion steel deal casts shadow on bankruptcy law

Seven lawyers and bankruptcy law experts said the unprecedented ruling had set off alarm among potential buyers of other insolvent or bankrupt firms

Cashfree Payments supports over 140 currencies on upgraded global gateway

Cashfree becomes first Indian fintech to offer 140+ currency support on its international payment gateway, helping Indian merchants expand global reach and revenue

IPO-bound LG Electronics India begins work on new $600 mn Andhra plant

IPO-bound electronics manufacturer will invest $600 million in the plant located in Sri City, close to the South Indian city of Chennai

Exide to fund EESL capex via internal accruals despite FY25 cashflow dip

Receivables rose to Rs 314 crore from just Rs 13 crore in FY24, while inventory levels more than doubled to Rs 578 crore, exerting pressure on working capital

Avendus raises Rs 1,000 cr in first close of third structured credit fund

Avendus Structured Credit Fund III secures Rs 1,000 crore in first close as investors seek tailored private debt with target IRRs of 16-18 per cent amid lending constraints

Toyota posts strong sales but remains cautious on profit amid rising costs

Japan's top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal.

Reliance withdraws trademark application for 'Operation Sindoor' title

Reliance Industries withdraws 'Operation Sindoor' trademark bid, says filing was unauthorised; calls the term a national symbol of bravery

Uber CEO tells staff to return to office or leave amid new workplace rules

Uber CEO Dara Khosrowshahi backs return-to-office push, says employees who are unhappy with new workplace policies are free to leave as changes take effect