Page 383 - Company News

PepsiCo acquires prebiotic soda brand Poppi in $1.95 billion deal

PepsiCo said the transaction includes $300 million of anticipated cash benefits, bringing the net purchase price to $1.65 billion

Birla Estates targets Rs 2,700 cr revenue from housing project in Pune

Aditya Birla Real Estate informed that its subsidiary Birla Estates has launched its first project in Pune 'Birla Punya' with an estimated revenue potential value of Rs 2,700 cr

Muthoot Finance shares jump 4% as gold loan AUM tops Rs 1 trillion

The flagship company of Muthoot Group is one of the largest gold loan-focused NBFCs in India

Religare Enterprises seeks governance review, funding from Burman family

The Burman family, who founded and control consumer goods conglomerate Dabur India, acquired control of the financial services provider in February after a 17-month takeover battle

Delhi airport operator sues govt for allowing flights from defence airbase

The airport in Delhi is one of India's busiest, with about 73.6 million passengers last year, although it made a loss of $21 million because of higher government fees

Tata Power-DDL partners with FSR Global to advance smart grid innovation

Tata Power-DDL and FSR Global have signed a Memorandum of Understanding (MoU) to collaborate on policy research, innovation in clean energy technologies, and capacity building

Moody's downgrades Volkswagen on sector headwinds, competition in China

Last week, Volkswagen forecast another challenging year of ramping up EV sales, cutting costs and navigating trade tensions amid fierce competition with cheaper and faster rivals in China

Ola Electric shares drop 7.2% to record low after insolvency petition

Rosmerta Digital Services, a vehicle registration service provider and a creditor of Ola Electric Technologies, filed a petition against the unit alleging default in payments

Welspun Corp secures new orders worth Rs 2,400 crore in US market

WCL has secured new orders worth approximately Rs 2,400 crore for the supply of coated pipes for natural gas pipeline projects in the USA

Blackstone floats open offer to acquire up to 26% in Kolte-Patil Developers

Last week, Kolte-Patil Developers announced that Blackstone would acquire a 40 per cent stake in the company for Rs 1,150 crore, entering into Indian residential market

Swiggy Instamart expands to 100 cities amid rising quick commerce demand

Last month, Swiggy Instamart launched in Raipur, Siliguri, Jodhpur, and Thanjavur, providing access to over 30,000 products, from groceries and daily essentials to electronics and fashion

Nivara Home Finance raises Rs 245 cr in Series B round led by True North

True North Fund VII will invest Rs 170 crore, while Baring PE India and the promoters, Sunil Rohokale and Monik Koticha, will contribute Rs 50 crore and Rs 25 crore, respectively

Airtel Payments Bank crosses one billion transaction mark in Jan 2025

Airtel Payments Bank's 'Safe Second Account', which offers an additional layer of payment verification, has been driving strong customer adoption and increasing transaction volumes

Delhi airport operator takes govt to court over Hindon commercial flights

Indian aviation rules prohibit airports within 150 km of an existing facility, but Hindon airbase is operating just 30 km from Delhi Airport

Jio launches new offers for users ahead of IPL 2025 - Check how to avail

Customers who recharged before March 17 can get the offer with Rs 100 add-on pack, ensuring they don't miss out on the IPL 2025 streaming and connectivity benefits

Poonawalla Fincorp launches CV secured loans biz for tier-2,3 markets

With a strong focus on Tier 2 and Tier 3 markets, the company said it plans to initially enter 68 locations across 12 states in the first phase

HCC-Tata Projects JV secures Rs 2,191 crore Madhya Pradesh Metro contract

The Rs 2,191-crore contract is for the construction of an 8.65-km long corridor including underground tunnels and stations for MPMRCL

Maruti Suzuki cars to become 4% more expensive starting April 2025

Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra (M&M), and JSW MG Motor all announced price hikes this year to offset rising input costs

Banks transfer McLeod Russel loan accounts to NARCL for debt resolution

ICICI Bank and seven lenders assign McLeod Russel's Rs 1,104.69 crore debt to NARCL, raising hopes for restructuring. IndusInd Bank stays out, while JC Flowers ARC holds a 24.39% stake

Coca-Cola bottler Ladhani Group's SLMG Beverages eyes overseas expansion

Ladhani Group-owned company plans to double its revenue to Rs 20,000 crore by FY31