Page 450 - Company News

Tata Power Q3FY25 results: Net profit rises 8% to Rs 1,030.7 crore

The company reported an 81 per cent jump in PBDIT to Rs 3,667.6 crore from a year ago. PBDIT is profit before depreciation, interest, and taxation

Shein India data to stay local, to sell Reliance Retail-made products

Shein has re-entered the Indian market almost five years after its ban through the country's leading retailer Reliance Retail. The new Shein Platform is built and hosted in India

Over 17,600 companies shuttered, 138k registered in FY25, shows govt data

The count of shuttered companies stood at 22,044 and 84,801 in FY24 and FY23, respectively

StanChart appoints former South African bank CEO Ramos as new chair

Ramos, 65, joined StanChart's board as an independent non-executive director in January 2021 and was the head of South African bank ABSA Group Ltd from 2009 to 2019

PepsiCo forecasts weak annual profit as soda, snacks demand slows

Shares of the company fell 2% in premarket trading

KKR raises offer price for Fuji Soft by 4% as Bain enters bidding race

KKR raised its offer price to 9,850 yen ($63.44) per share from 9,451 yen per share, above Bain's most recent offer of 9,600 yen per share in December

Ratan Tata's aide Shantanu Naidu promoted to new position at Tata Motors

Shantanu Naidu, Ratan Tata's close aide, shares milestone on LinkedIn, talks about his father's time at Tata Motors

Elan Group to invest Rs 3,000 cr for building housing project in Gurugram

In a statement, the company said the total investment to develop this project is Rs 3,000 crore

Hindenburg's Nate Anderson stands by Adani report: 'No threat behind closure'

Founded in 2017, Hindenburg Research made money by placing bets against companies it investigated, profiting from their stock price declines after exposing fraud and corporate abuses

Dabur reduces strategic review cycle to 3 years amidst FMCG slowdown

It has engaged consulting firm McKinsey & Co to refine and align its strategies for the next three years in line with the evolving dynamics, its CEO Mohit Malhotra said in an earnings call

OYO to invest £50 million in the UK for 3 years to expand premium hotels

The announcement was made on the sidelines of the Nasscom delegation to the UK, organised by the department of business and trade, UK

Emaar expects Rs 3,400 cr revenue from luxury housing project in Gurugram

Emaar India, which is part of Dubai-based Emaar Properties, has recently launched a housing project 'Urban Ascent' in Sector 112, Gurugram

OYO to invest Rs 539.57 crore in UK to expand premium hotel portfolio

The investment is expected to support 1,000 jobs over the next three years in the UK hospitality sector, OYO said in a statement

Tata Motors sees demand revival by June after tax cut of up to ₹12 lakhs

The tax changes will be implemented from April 1 and people will see more money in their pockets, P B Balaji, group chief finance officer at Tata Motors Ltd. said in an interview

Dabur becomes 2nd largest player in oral care in Modern Trade channels: CEO

FMCG major Dabur has become the second-largest player in the oral care segment in the modern trade channels, its chief executive officer Mohit Malhotra claimed on Monday.

Proxy advisors oppose Rashmi Saluja's reappointment at Religare Enterprises

Voting will begin from Tuesday and results are expected after the annual general meeting (AGM) scheduled for Friday

Global tech firms Nvidia, AMD, HPE in talks with govt for 'indigenous' GPUs

India-designed GPU talks underway with CDAC, global firms

Nissan Motor India to export 10,000 LHD units of New Magnite by Feb-end

The company flagged off the first shipment of close to 2,900 units of the New Nissan Magnite in late January to select markets in the Latin American (LATAM) region

Allied Blenders plans three luxury brands for larger market share

The company also announced its acquisition of a 51 per cent stake in Good Barrel distillery, which produced Rock Paper rum, thus foraying into a new category

Delhi High Court sets aside Rs 1,891 crore arbitral award against NTPC

Terms penalty imposed in dispute with Jindal arm as 'patently illegal, perverse'