Page 424 - Company News

IL&FS Group initiates Rs 5,000 crore interim payout to eligible creditors

Post this payout, the company said that the aggregate debt discharged will stand at approximately Rs 43,000 crore, which is over 70% of estimated total debt resolution target pegged at Rs 61,000 crore

Glenmark, FDC recall products from US market on manufacturing issues: USFDA

New Jersey-based Glenmark Pharmaceuticals Inc, USA is recalling Carvediol tablets in strengths of 25 mg and 12.5 mg in the US

Reliance ranks 2nd globally in FutureBrand Index 2024, ahead of Apple

The list is led by Korean brand Samsung. Reliance ranks ahead of well-known global brands like Apple, Nike, Walt Disney, Netflix, Microsoft, Intel and Toyota

UFlex to invest over Rs 750 cr on new Mexico unit, recycling plant at Noida

UFlex said the new recycling plant at Noida will have two units to process 39,600 MTPA plastic bottles and mixed plastic (MLP) waste

PD Singh to succeed Zarin Daruwala as Standard Chartered India CEO

The tenure would be effective April 1

Footwear maker Khadim expects demerger to be completed by March: Official

The Kolkata-based footwear maker had earlier announced the decision to carve out its distribution business and manufacturing activities into KSR Footwear Ltd (KFL) to improve margins and valuations

Indian companies take a cautious stance on US reciprocal tariff moves

India exported about $6.79 bn worth of auto parts to US in 2023-24. Overall auto component exports stood at $21.2 bn, while imports from US were $1.63 bn of total $20.9 bn in auto component imports

One small step for AI, one giant leap likely for India's footwear market

Reebok co founder in talks with factories in India to manufacture curated footwear

The eventful battle for Religare Enterprises tests Sebi's takeover code

Some legal experts believe the case may indicate the need for a review of Sebi's takeover norms

RIL to appeal against Delhi HC order on gas dispute in Supreme Court

In a BSE filing, RIL added that the Division Bench of the Delhi High Court reversed the judgment of the single judge

Samsung India plant standoff set to intensify amid worker protests

The employees' demands mainly include the reinstatement of three suspended workers, who are key members of the newly formed Samsung India Workers' Union, backed by the CITU

HFCL eyes growth from overseas sales, sets Rs 10,000-cr revenue target

Mahendra Nahata Managing Director HFCL during the company's recent investor call said the firm had an order book of Rs 10,000 crore as on December 31, 2024

Godrej Properties bought 12 land parcels in Apr-Dec 2024: Pirojsha

Already, the company has clocked pre-sales of Rs 19,281 crore in the first nine months of this fiscal as against Rs 13,008 crore in the year-ago period

'Healthcare revolution for India': AIIMS professor hails Blinkit ambulance

Professor Agrawal described the basic life support services provided to the patient in the ambulance before being brought to the AIIMS Trauma Centre

Bank of Maharashtra receives RBI's approval for opening GIFT City branch

The branch will function as Bank of Maharashtra's first international branch carrying out offshore banking operations from India

Mother Dairy turnover may rise 15% to cross Rs 17K cr in FY25: MD Bandlish

Managing Director Manish Bandlish noted that fiscal year 2024-25 marks a momentous milestone for the company as it completed 50th year of inception

Hero MotoCorp eyes double-digit revenue growth next fiscal: CFO Anand

The company, which reported a revenue of Rs 10,260 crore for the December quarter, also anticipates a double-digit revenue growth in the current fiscal

Looking to expand manufacturing footprint in US: Welspun Living CEO

The company has invested $ 12.5 million on the pillow unit in Ohio, which is a fully automated unit

Aurobindo Pharma to begin supplies to Europe from China plant in April

The Hyderabad-based drug maker commenced operations at the facility in the last week of November 2024

Aviva India hit with $7.5 million fine for fake invoice scheme, shows order

The tax demand is significant for Aviva's India business, which recorded a profit after tax of only $10 million in the 2023-24 financial year