Page 469 - Company News

Apple's revamped app fees draw increased EU scrutiny under big tech rules

The company is facing the risk of a hefty fine for thwarting efforts by third-party developers to steer users toward cheaper deals and offers outside of the App Store

PAG acquires majority stake in Pravesha Industries for $200 million

PAG had earlier acquired Manjushree Technopack for $1bn

HCLTech not dependent on H1B, new US regime will hardly impact biz: Exec

HCLTech on Monday reported a 5.54 per cent rise in consolidated net profit to Rs 4,591 crore for the December quarter

AIG Hospitals to invest Rs 800 crore in new oncology centre in Hyderabad

The Board of AIG Hospitals has also approved the acquisition of Proton Beam Therapy system from Belgium-based IBA, a supplier of equipment and services in the field of proton therap

Puravankara's sales bookings rise 2% to Rs 1,265 cr in December quarter

Puravankara Managing Director Ashish Puravankara said, The growth in collections is a clear reflection of our strong operational efficiency

Eli Lilly to buy cancer drugmaker Scorpion Therapeutics for up to $2.5 bn

Lilly will acquire Scorpion's experimental oral therapy, STX-478, which is currently being tested in early-stage trials for breast cancer and other advanced solid tumors

United Spirits appoints Praveen Someshwar as CEO-designate from March 1

Someshwar has been MD and CEO of HT Media for the last five years. Before that, he had served in various positions at PepsiCo in India and in the wider Asia Pacific region for over 24 years

Kinetic Green partners with Yuma Energy to deploy 100K EVs in 4 years

The E-Luna caters to various last-mile delivery applications such as food, groceries, e-commerce and quick commerce delivery

Barclays Bank's sustainability chief Barlow exits in latest reshuffle

Barlow, who was responsible for leading Barclays' efforts to align with world's goal of limiting climate change, retired at the end of 2024 to pursue a portfolio career

IDBI Bank staff to protest before Parliament to stall disinvestment

"There is no reason why this profit-making entity should be sold to private entities, more so to entities of foreign origin." the forum said.

Apple fights $1.8 bn app store lawsuit in UK on abuse of dominant position

The US tech company is facing a mass lawsuit brought on behalf of around 20 million iPhone and iPad users in the United Kingdom, who were allegedly overcharged for app purchases

BEL secures orders worth Rs 561 crore, total FY25 orders reach Rs 10,362 cr

Navratna defence public sector undertaking Bharat Electronics Ltd has set an annual target of acquiring orders worth Rs 25,000 crore by the end of FY25

Did Disney swipe Moana's story? $10 billion lawsuit by animator says 'yes'

Animator Buck Woodall has filed a $10 billion lawsuit against Disney, alleging the studio copied his screenplay for Bucky to create the hit animated films Moana and its sequel

J&J to acquire drugmaker Intra-Cellular Therapies for $14.6 billion

The deal is the latest in a string of acquisitions by J&J as it looks to drive growth beyond 2025

JVC re-enters Indian TV market through licence pact with Super Plastronics

Earlier, the Japanese brand had entered India's TV market in 2019 in partnership with Veira Group, an original equipment manufacturer (OEM) for consumer durables

Bank of India seeks its first dollar loan of $400 million in over a decade

Bank of India joins a slew of other Indian borrowers seeking to raise foreign currency debt this year. Reliance Industries Ltd. is looking to borrow as much as $3 billion

Facing power losses, UP plans to privatise two power distribution firms

UP is inviting private companies to form partnerships with or privatise state-owned Dakshinanchal Vidyut Vitran Nigam and Purvanchal Vidyut Vitran Nigam, per the tender dated Jan 12

Groww in talks to launch IPO, looks to raise $700 mn for $7-8 bn valuation

Groww recently shifted its headquarters from the US to India less than a year ago, a relocation that incurred the fintech a tax expense of Rs 1,340 crore

IMGC, GIC Housing partner to offer mortgage guarantee-backed home loans

By combining IMGC's expertise in mortgage guarantees with GICHFL's extensive network, the partnership will enable it to offer more flexible and secure home loan products

WeWork India raises Rs 500 cr via rights issue to cut debt, drive growth

In WeWork India, which is unlisted, realty firm Embassy Group holds a 73 per cent stake, while WeWork Global has a 27 per cent shareholding