Page 323 - Company News

Colgate in a spot as distributors set to halt product buys in Maharashtra

Co in a bind over issuing credit notes without GST and offering deep discounts to quick commerce platforms, as distributors threaten a nationwide suspension

Speculative, incorrect: Yes Bank denies stake sale reports in clarification

According to reports, SMBC is in talks with the private lender to acquire a little over 20 per cent stake in the bank, which will trigger an open offer to acquire a majority stake in the bank

Ather Energy to foray into 125-300cc-equivalent electric motorcycles space

The company has also received ARAI clearance to use LFP batteries which will be used in its two wheelers - which Mehta says will help in reducing costs further

Corp affairs ministry orders probe against Gensol Engineering, BluSmart

Under Section 210, the ministry has powers to order a probe into the affairs of a company on various grounds, including in public interest

'Exceptional item' keeps Paytm in loss with ₹540 crore hit in Q4FY25

The Noida-based company's losses for the entire FY25 was significantly lower at Rs 658.7 crore, down from Rs 1,417 crore in the previous financial year (FY24)

TCIL kept out of Bharti Hexacom tower valuation; new deal in works

Bharti Airtel and Bharti Hexacom board approved sale of their firms' telecom towers for Rs 2,147.6 crore and Rs 1,134 crore, respectively, to their group company Indus Towers in the first week of Feb

Union Bank of India admits to lapses in procuring Subramanian's book

Union Bank of India has acknowledged lapses in procuring India@100 by K V Subramanian, prompting an internal probe, though it says no material financial impact has emerged

Hilton to debut LXR in Bengaluru, double India portfolio in 5 years

Hilton to bring luxury LXR Hotels to India by 2026 and plans to open 29 hotels across key cities, driven by rising domestic tourism and infrastructure growth

Tata Motors shareholders approve plan to split into two listed companies

The proposal, which would give the shareholders equal stakes in both the listed entities, was approved with 99.9995% of votes, it said in an exchange filing

Adani Power wins 1,500 MW thermal deal with UP at Rs 5.383 per unit

UP cabinet approves 25-year PPA with Adani Power for 1,500 MW supply at Rs 5.383/unit after competitive bidding to meet long-term energy needs in the state

GenAI would've built over a bn apps by 2028: IBM CEO Arvind Krishna

Spending on technology is increasing amid uncertainty about USA's threat of tariffs, he says

Coforge bets on large deals to drive growth despite macro challenges

Despite travel market weakness and global macroeconomic concerns, Coforge expects BFSI, insurance and Gen AI-led deals to sustain strong momentum in FY26

Germany's Rhenus Group to run 100 barges on India's inland waterways

At the onset, Rhenus will operate on National Waterways 1 (Ganga), 2 (Brahmaputra) and 16 (Barak), as well as the Indo-Bangladesh Protocol (IBP) route

GCPL reports ₹412 crore profit in Q4 on strong domestic volume growth

Total revenue from operations was at Rs 3,597.95 crore during the quarter under review. It was Rs 3,385.61 crore in the corresponding period last fiscal

Airtel Africa partners with Starlink to provide satcom across continent

Starlink has secured necessary licences to provide satcom in 9 of the 14 countries Airtel Africa operates in

JSW Steel to file review petition in SC on Bhushan Power & Steel resolution

Govt begins consultations after SC rejects JSW Steel's Rs 19,350 crore resolution plan for Bhushan Power and orders liquidation under IBC provisions

The Good Bug raises ₹100 crore to scale gut health R&D and reach

The Good Bug secures ₹100 crore in a round led by Susquehanna Asia VC with Fireside Ventures to expand R&D, marketing, distribution and hire across functions

HDFC Capital pays Rs 36 lakh to Sebi to settle AIF rule breach case

As per the settlement order, the markets watchdog will not initiate any further step against HDFC Capital and its managed fund for the violations

Firms skipping PLI tend to be more capital-disciplined: Ather Energy CEO

Tarun Mehta also sounded bullish on the domestic EV industry and said that Ather was set to play a major part in the domestic premium e-two-wheeler space

Union Bank staff body seeks probe into India@100 book purchase deal

Union Bank of India employees' union flags large-scale book purchases of India@100 by IMF official Subramanian, questions approval process and demands disclosure