Page 347 - Company News
Vedanta group's HZL plans to enter potash mining, eyes block in Rajasthan
The company is also planning to expand beyond base metals -- zinc and lead -- and precious metal silver as well as all critical minerals
 "Vedanta group's HZL plans to enter potash mining, eyes block in Rajasthan")
Kaspersky bets big on India, focuses on strengthening resources, R&D
General Manager for India region at Kaspersky Jaydeep Singh shared that the company has tripled its workforce in the country in the past two years
 "Kaspersky bets big on India, focuses on strengthening resources, R&D")
KPG Spices targets Rs 100 cr revenue in FY26 on network, product expansion
A spice brand owned by Marvel King Ltd, which offers a full range of ground spices, achieved a revenue of Rs 50 crore in the financial year ended March this year
 "KPG Spices targets Rs 100 cr revenue in FY26 on network, product expansion")
Punjab National Bank's scam-hit branch in Mumbai now brews organic coffee
The premises in the Brady House building in the Fort area of south Mumbai were once at the centre of one of the biggest financial scams to rock the country
 "Punjab National Bank's scam-hit branch in Mumbai now brews organic coffee")
PVR Inox bets on FOCO model to widen presence beyond metro cities
The company is hoping that by developing cinema exhibition infrastructure in different parts of the country it would be able to provide economic benefits to local filmmakers
 "PVR Inox bets on FOCO model to widen presence beyond metro cities")
Mahindra to acquire controlling stake in SML Isuzu for ₹555 crore
M&M has a 52 per cent share in the sub-3.5T light commercial vehicle (LCV) market. With this transaction, M&M expects to double its market share in the >3.5T segment to 6 per cent initially
 "Mahindra to acquire controlling stake in SML Isuzu for ₹555 crore")
PTC India appoints Manoj Kumar Jhawar as Chairman, Managing Director
Power trading solutions provider PTC India on Saturday announced appointment of Manoj Kumar Jhawar as Chairman & Managing Director of the company.
 "PTC India appoints Manoj Kumar Jhawar as Chairman, Managing Director")
IDFC First Bank profit falls 58% on worsening asset quality of micro loans
Fresh slippages during the quarter was Rs 2,175 crore including Rs 572 crore from the micro loan book, as compared to Rs 4195 crore and Rs 437 crore
 "IDFC First Bank profit falls 58% on worsening asset quality of micro loans")
Cooperation ministry signs MoU with Swiggy Instamart to market products
The partnership aims to support cooperative brands in marketing, promotion, consumer technology and capacity building, according to the ministry
 "Cooperation ministry signs MoU with Swiggy Instamart to market products")
Reliance enters world's top 25 as net worth rises to $118 billion in FY25
Reliance Industries ranked 21 globally by net worth, outpacing global energy giants and cementing its position among the world's most valuable companies
 "Reliance enters world's top 25 as net worth rises to $118 billion in FY25")
USFDA issues 6 observations to Zydus' Gujarat API unit after inspection
The company is confident of addressing the observations expeditiously
 "USFDA issues 6 observations to Zydus' Gujarat API unit after inspection")
Cars24 lays off 200 employees amid strategic reset, continues expansion
The employees were let go of from various departments of auto-tech platform CARS24, including product and technology
 "Cars24 lays off 200 employees amid strategic reset, continues expansion")
Pahalgam attack: HDFC Life simplifies death claim settlements process
For submitting a death claim against a policy held with HDFC Life, the nominee/legal heir must provide proof of death caused due to the terror attack
 "Pahalgam attack: HDFC Life simplifies death claim settlements process")
Ireda files EoW complaint as Gensol promoters dilute equity 'sans approval'
Ireda said it has filed a complaint with the Economic Offences Wing (EoW) for the contract breach on April 24
 "Ireda files EoW complaint as Gensol promoters dilute equity 'sans approval'")
Hindustan Zinc Q4FY25 results: Net profit rises 47.4% to ₹3,003 crore
The zinc and silver producer's total revenue from operations jumped by 20.4 per cent to ₹9,087 crore in the January-March quarter on a year-on-year (Y-o-Y) basis
 "Hindustan Zinc Q4FY25 results: Net profit rises 47.4% to ₹3,003 crore")
Only 12% Indian households can afford to buy car: Maruti's R C Bhargava
Bhargava expressed doubts on whether the major income tax relief given by the Union government in the last Budget is going to boost small car sales in 2025-26
 "Only 12% Indian households can afford to buy car: Maruti's R C Bhargava")
Bank of Maharashtra Q4 results: Net profit rises 23% to ₹1,493 crore
Total income increased to ₹7,711 crore during the quarter under review against ₹6,488 crore in the same period of the previous year
 "Bank of Maharashtra Q4 results: Net profit rises 23% to ₹1,493 crore")
Alpha Wave Global, IHC seek CCI nod to acquire minority stakes in Haldiram
Haldiram Snacks Food is the combined business of the Haldiram family -- Delhi and Nagpur
 "Alpha Wave Global, IHC seek CCI nod to acquire minority stakes in Haldiram")
Nokia Solutions India sells nearly 1% stake in Vodafone Idea for Rs 786 cr
On Friday, shares of Vodafone Idea fell 5.93 per cent to close at Rs 7.46 per piece on the NSE
 "Nokia Solutions India sells nearly 1% stake in Vodafone Idea for Rs 786 cr")
Prestige Hospitality Ventures files DRHP to raise ₹2,700 cr through IPO
The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹1,700 cr and an offer for sale of shares worth up to ₹1,000 cr by the parent company, Prestige Estates Projects
 "Prestige Hospitality Ventures files DRHP to raise ₹2,700 cr through IPO")