Page 442 - Company News

HDFC Bank raises MCLR on overnight tenure by 5 basis points to 9.20%

With this revision, the bank's MCLR now ranges from 9.20 to 9.45 per cent

Japan's Softbank Group likely to make $1.5 billion quarterly profit

The profit of 234 billion yen is based on the average of four analyst estimates compiled by LSEG, and compares with a gain of 950 billion yen in the same period last year

Adani to spend Rs 6,000 cr on setting up health infra with Mayo Clinic

The expenditure is part of Rs 10,000 crore that Gautam Adani, chairman of Adani Group, had pledged when his younger son Jeet got married last week

McDonald's sees biggest drop in US sales in Q4 in nearly five years

It fell 1.4 per cent in the US, McDonald's biggest market, its steepest drop since the COVID-19 pandemic almost five years ago when restaurants limited operations to drive-thru and delivery

ONGC signs MoU with BP for oil exploration, trading collaboration

The signing ceremony was attended by ONGC Chairman and CEO Arun Kumar Singh and BP Executive Vice President, William Lin, along with senior leadership from both organisations

Reliance launches 'Spinner' sports drink with Muttiah Muralitharan

Spinner has partnerships with top IPL teams, including Lucknow Super Giants, SunRisers Hyderabad, Punjab Kings, Gujarat Titans and Mumbai Indians who will collaborate with RCPL

Hyatt Hotels to acquire Playa Hotels & Resorts for about $2.6 billion

Playa operates resorts in Mexico, the Dominican Republic and Jamaica

Smartworld Developers awards Rs 532 cr contract to Varindera Constructions

Incorporated in 2021, Smartworld Developers, which is part of M3m India Group, is developing many projects in Gurugram. It aims to deliver possession of about 50 lakh square feet in the next few month

M&M looks to boost growth in overseas markets facing headwinds like US

The US tractor market has been witnessing a decline for the last 12-13 quarters, and as a result, the market size has become almost 50-60 per cent of what it was two years back, the company said

PNC Infratech shares surge 10% after regulatory relief from MoRTH

Disqualification period imposed on company, two SPVs reduced from one year to four months

Rolls-Royce to double sourcing from India over the next five years

The company will seek to increase its sourcing of complex parts for advanced aerospace engines, naval propulsion systems, diesel engines and gas turbine engines

Venturi Partners invests $25 million in affordable footwear brand JQR

This funding will allow JQR to expand its offline presence to new markets as well as launch its online channel

Boeing signals more orders needed before setting up assembly line in India

The country's civil aviation minister told Reuters in 2023 that the time had come for Boeing and Airbus to make civil aircraft in India

Berger Paints aims for sustainable growth, open to acquisitions: Chairman

Kaur said the company is maintaining a cautious approach towards any acquisitions

IHCL to invest Rs 2,500 crore to develop new 330-room property in Mumbai

Construction of the new property, "Taj Bandstand," is set to begin this year and is expected to take over three years to complete

Anil Ambani's R-Infra settles dispute with CPL for Rs 6,503 crore

CPL's assets of Rs 5,777.13 crore stand assigned or transferred to R-Infra

Glenmark, Cosmo get MHRA nod to market acne treatment medication in UK

As part of the agreement inked in September 2023, Glenmark in-licensed the product from Cosmo Pharmaceuticals for distribution in Europe and South Africa

Trainees in tears as Infosys mass firings leave their careers in limbo

Stringent changes to the training test have led to a sharp rise in failure rates at Infosys. Out of 930 trainees who joined on October 7, only 160 passed on their first attempt

Biovet's LSD vaccine gets CDSCO nod, to make 500 million doses per year

In the last two years, around 200,000 cattle have died, millions lost their milk production capabilities due to LSD nationwide

Juniper Green Energy secures $1 billion fund in phased debt financing

The company has partnered with First Solar for the supply of 1,000MWp of Series 7 solar photovoltaic modules