Page 458 - Company News

Zomato will not compete with restaurant partners: CEO Deepinder Goyal

Bistro, company's instant food delivery app, is not a private label, he says in email

Q3 results today: Ultratech, HPCl, Zee among 59 to post earnings on Jan 23

Q3FY25 company results, January 23: Two Adani entities including Adani Energy Solutions and Adani Green Energy will release results for the Oct-Dec quarter today

Tata Communications Q3 results: Net profit soars 426.5% to Rs 236 crore

The company remains open to strategic acquisitions and continues to review subsidiaries, CFO said

CM Naidu pitches Visakhapatnam for Google's chip centre, green energy hub

With Google ramping up its chip production for server operations, Naidu, during the World Economic Forum (WEF) in Davos, Switzerland, pitched the port city as an ideal location for the company

Defence ministry finds L&T bid non-compliant in Rs 70k cr submarine deal

The Indian Navy is looking to buy six advanced submarines with the ability to stay underwater for three weeks under Project 75 India

Reliance Consumer Products acquires SIL brand to revitalise heritage foods

SIL Foods is expected to benefit from RCPL's infrastructure and pan-India presence

Essar Renewables signs agreement to invest Rs 8,000 cr in Maharashtra

Company will invest in renewable energy capacity for state's green mobility initiative

HUL to acquire 90.5% stake in Minimalist at enterprise value of Rs 2,995 cr

The remaining 9.5 per cent stake will be acquired from the founders in two years as per terms set out in the transaction documents, HUL said in its earnings presentation

Sun Petrochemicals inks pact with Telangana govt for Rs 45,500 cr projects

The projects, "one of the single-largest investment deals ever", will come up in Nagarkurnool, Mancherial, and Mulugu districts of Telangana and are expected to create 7,000 jobs over a period

NRAI to move CCI in 10 days, push small restaurants to join ONDC platform

Speaking to Business Standard, NRAI president Sagar Daryani said the association is engaging with its legal team daily and is prepared to explore further legal options if necessary

Maruti Suzuki to offer short-term petrol, hybrid leases for EV customers

MSIL currently has a subscription service that allows customers to lease its petrol-run and strong hybrid vehicles on a flexible, long-term basis without ownership commitments

Minimalist acquisition an example of making portfolio future fit: HUL CEO

Hindustan Unilever Ltd on Wednesday announced that it has signed and executed share purchase and subscription agreement for acquisition of 90.5 per cent of shareholding of Uprising Science Pvt Ltd

Tata Motors bets on locally manufactured EV batteries as competition rises

Tata's EV market lead shrunk to 62 per cent in 2024 from 73 per cent a year ago as rival JSW MG Motor gained share with its new cars

Indian Oil to rebalance crude buying after US sanctions on Russia

Before Russia's war in Ukraine, India used to buy less than 2 per cent of its total oil imports from Moscow. However, the volume surged to almost 45 per cent in the middle of last year

Kirloskar Brothers Ltd wins interim relief in trademark dispute with KPL

During the pendency of the suit, Kirloskar Proprietary sought to withdraw the communications and claimed to have reinstated the trademark licence/user rights granted to Kirloskar Brothers

HDFC Bank to increase growth as macroeconomic environment improves

The bank's average deposits grew by nearly 16 per cent Y-o-Y to Rs 24.54 trillion in the December 2024 quarter

Delisting Reliance Cap one of last milestones towards acquisition: Hinduja

Reliance Capital on Tuesday in a regulatory filing said it has approached the bourses for delisting of its shares as part of the resolution process

Saudi prince's firm would be keen on TikTok if Musk or others buy it: CEO

The search to find a buyer for the Chinese-owned popular short-video app continues in the US after it went dark and was revived later by an executive order signed by President Donald Trump

HUL scoops out its ice cream biz, to turn it into a listed entity

Board of directors approve demerger of its ice cream business

Lakshmi Mittal discusses mill closure plans with South African officials

AMSA plans to close three plants - including two steel mills that the auto-making, mining and construction industries depend on - at the end of the month