Page 473 - Company News

Madhya Pradesh High Court lifts stay on Religare Enterprises' AGM

The order clears way for the open offer by Burman family

Adani Commodities to offload 20% stake in Adani Wilmar through OFS

The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price

Indian Overseas Bank to sell Rs 11,500 cr NPAs to boost asset quality

The sale will be conducted through an e-auction under the open auction method on a portfolio basis

When movies connect, they go to another level: PVR Inox MD Ajay Bijli

PVR Inox remains focused on delivering exceptional experiences and is confident in its strong business outlook for 2025, said PVR Inox MD

TCS headcount down by over 5K; attrition rose 13%, promoted 25K in Q3

India's largest IT services firm saw its headcount decrease by 5,370 in Q3 FY24

Interest coverage ratio of unlisted cos at 30-year high, shows data

Uptick in FY24 mirrors similar trend in the listed space. The second of a 3-part series on unlisted firms' financials looks at their debt

How employee referrals for tech jobs became a side hustle in market

While referrals are typically reserved for known quantities - former colleagues, or at least someone with a mutual acquaintance who can vouch for them - there's a burgeoning underground market

US pharma major Eli Lilly to establish second Indian GCC in Hyderabad

Company plans to employ 1,000-1,500 skilled professionals; GCC to focus on automation, AI

Vodafone Idea raises $222 million via preferential allotment of shares

The preferential allotment comes at a time when Vodafone Idea is trying to catch up with its stronger rivals

L&T chairman asks employees to work 90 hours a week, company backs him

Subrahmanyan's '90-hour workweek' formula is one step ahead of Infosys founder Narayan Murthy's suggestion of working 70-hours a week

Bigbasket signs MoU with AP govt to boost organic produce, market linkage

Bigbasket signs MoU with AP govt to boost organic produce, market linkage

Swiggy Instamart expands to 75+ cities, unveils plans for standalone app

Swiggy Instamart will continue to be available on Swiggy's unified app

Hindalco arm Novelis plans to raise $750 million via 5-year bonds

Novelis intends to use the net proceeds from the proposed offering to repay US$ 738 million of outstanding debt and any remaining proceeds to fund cash on its balance sheet

Swiggy launches Swiggy Serves; aims to distribute 50 million meals by 2030

Swiggy kickstarted partnership with a few restaurant partners such as Dana Choga Restaurants, Biryani by Kilo, Dosa Anna, Charcoal Eats, Urban Tandoor, and Foodies Cart, amongst others

Eco Hotels expands into Bengaluru, to unveil 2 new hotels by early Feb

Eco Hotels is also gearing up to open two properties at Nagpur with 44 rooms and Kota with 63 rooms by the month-end or early February 2025

TCS employee strength shrinks by 5,370 in Q3 after 2 quarters of growth

TCS has already begun its process for campus hiring in the next financial year, stating that it will continue to grow its quality talent

Emami targets Rs 1,000 crore revenue from Smart & Handsome in 3-4 years

The Kolkata-based firm has rebranded its 'Fair And Handsome' as 'Smart And Handsome' to expand appeal among millennials and GenZ

NRAI set to approach CCI over Zomato and Swiggy's 10-minute delivery apps

The NRAI is considering legal action and approaching CCI over Zomato and Swiggy's new 10-minute food delivery apps, citing anti-competitive practices and private labelling concerns

Aggressive pricing for Exim Bank's $1 bn debt hints at another robust year

Exim sold 10-year dollar-denominated bonds at 5.50 per cent, a spread of 100 basis points above the US Treasury yield and 30 bps below its initial guidance

SAIL supplies 45,000 tonnes of steel for upcoming Maha Kumbh Mela

Prayagraj in Uttar Pradesh will host the Maha Kumbh Mela from January 13 to February 25