Page 484 - Company News

Mahindra logs 18% jump in Dec car sales to dealers on strong SUV demand

Mahindra, India's second-biggest SUV maker by market share, has remained resilient amid a broader slowdown in car sales

Audi India reports 26.6% decline in retail sales at 5,816 units in 2024

The first half of 2024 brought supply-related challenges for Audi India

New leadership for India Cements, UltraTech appoints new CEO, CFO

The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO

Mahindra hits new highs: 77% share surge, leads NIFTY50 on CAGR front

Mahindra & Mahindra achieved a 77% share price surge, leading the NIFTY50 with the highest CAGR since 2002. The company also prioritised sustainability and launched two premium electric SUVs in 2024

Bajaj Auto reports 1% decline in total sales at 3,23,125 units in Dec 2024

Total two-wheeler sales were at 2,72,173 units last month against 2,83,001 units in the year-ago period

JSW MG Motor India reports 55% increase in sales at 7,516 units in Dec 2024

The company recorded its highest-ever EV sales in December and NEV (new energy vehicle) sales accounted for over 70 per cent

Ireda loan disbursement up 41% to Rs 17,236 crore in December quarter

The outstanding loan book surged by 36 per cent, reaching Rs 69,000 crore as of December 31, 2024, compared to Rs 50,580 crore last year

Tata's qcom enterprise Bigbasket expands offerings, boosts delivery speed

In 2024, Bigbasket Now demonstrated its ability to deliver not only staples but also a wide range of products across categories

Kirloskars' to challenge Sebi for seeking disclosure of family settlement

Sebi in a letter dated December 30, 2024 advised the companies to disclose the DFS, entered into amongst the members of the Kirloskar family in their personal capacity

Focus on next-gen therapeutics, AstraZeneca to restructure biopharma unit

Global portfolio includes over 20 novel therapies; development follows reports of layoffs affecting over 125 employees within the unit

BS CEO poll: Corporate India sees demand recovery, capex surge in 2025

Top execs plan to go on hiring spree, expect govt to offer tax incentives

Magicpin's top management delivers food on bikes on New Year's Eve

The company recently forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with

Promoter Nishant Pitti sells 1.4% stake in Easy Trip Planners for Rs 78 cr

After the transaction, Pitti's holding in Easy Trip Planners has come down to 12.8 per cent from 14.21 per cent. Also, the combined promoter stakeholding in the company has also declined to 48.97%

ITD Cementation bags Rs 1,648 cr contract for construction at Vadhvan Port

Renew Exim DMCC, Adani Group's Dubai-based entity in October had entered into an agreement to acquire a 46.64 per cent stake in ITD Cementation in October 2024

CCI allows IFC, ADB, DEC to acquire stake in Fourth Partner Energy

Fourth Partner Energy Ltd (FEPL) is India's leading renewable energy company focusing on building and financing renewable energy projects

NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

NDR said that these 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, underscore NDR InvIT's key role in advancing India's warehousing and industrial parks sector

As NPCI lifts limits, WhatsApp Pay can now extend UPI services to all users

With this development, WhatsApp Pay can now extend UPI services to its entire user base in India

Thomas Cook hit by cyberattack, temporarily shuts down affected IT systems

Thomas Cook India's operations were disrupted by a cyberattack that impacted its IT systems, prompting the company to shut down the affected infrastructure, it said in an exchange filing on Tuesday

BSNL unions oppose second VRS, cite policy flaws, management inefficiency

The criticism follows reports that BSNL's board of directors plans to reduce its workforce by 35 per cent through another round of Voluntary Retirement Scheme

Reliance spent $13 bn on acquisitions across sectors in five years

Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem