Page 486 - Company News

Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar

By selling its stake to Wilmar, Adani Enterprises - the flagship company of the Adani group -- will raise Rs 13,301 crore

Adani Green Energy's CEO Amit Singh to step down for new role in group

He will be replaced by Ashish Khanna starting April 1, who is the current CEO of the group's international energy business

SpiceJet shareholders discuss funding and expansion plans during AGM

At the 40th Annual General Meeting (AGM), members also transacted various businesses, including adoption of audited financial statements for the financial year ended March 31, 2024

Lupin acquires Huminsulin from Lilly to strengthen diabetes portfolio

The Huminsulin range is vital for managing both type 1 and type 2 diabetes, helping control blood sugar levels in adults and children

Nvidia corp completes acquisition of Israeli software startup Run:ai

The software - which currently works on only Nvidia-based systems - will be open-sourced, meaning that others will be able to take code & use it to tune computers that use hardware from Nvidia's rival

SAIL secures 'Great Place to Work' certification for 2nd time in a row

The Great Place to Work Institute is a global firm that recognises employers creating outstanding employee experiences through a rigorous evaluation process

Rajat Verma appointed as DBS Bank India CEO, to succeed Surojit Shome

In a statement, DBS said Verma, current head of institutional banking group at DBS Bank India, had been appointed, effective from March 1, in line with RBI approval

Mswipe's payment business turns profitable, FY24 revenues grow 6%

In FY24, payments revenue grows 6.25% to Rs 275 crore; total payment value more than doubles to Rs 50,417 crore

Bata India rolls out voluntary retirement scheme for workers at Hosur

The footwear company announced a voluntary retirement scheme for eligible workers at its Hosur unit in Tamil Nadu, aiming for benefit both the company and its employees

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl

Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options

Reliance seeks premium of at least $3.5 per barrel for oil from KG block

Reliance and its partner BP of the UK sought bids from domestic refiners for sale of 17,600 barrels (2,800 kilolitres) of crude oil every month from April 2025 to February 2026

BII to make Rs 650 cr in final tranche of investment on M&M's EV arm

In November this year, M&M had unveiled two electric SUVs-- BE 6 and XEV 9e -- with deliveries expected to commence in the February-March period next year

Raising bar: Geist eyes 500,000-litre monthly beer production in 3 years

Craft beer brand Geist is targeting a same-store sales growth (SSSG) increase of 10-12 per cent

SPPL targets 1 mn TV sales in 2025; expands capacity, global brand licenses

The company, known for its affordable range of smart TVs in the Indian market, has a current revenue base of Rs 700 crore

Indian firms raise record funds via corporate debt in 2024; to rise further

Indian firms raised Rs 10.67 trillion ($124.81 billion) through the sale of bonds till Dec. 27, a 9 per cent jump over 2023, data from information provider Prime Database showed

Ikea sees slowest sales growth in India as losses mount, expands investment

Ikea's net loss widens by 15% to Rs 1,303 crore between August 2023 and September 2024 due to significant investments in infrastructure and store expansion

JSW group in talks with Geely, BYD for electric car production plans

JSW Group is in talks with Chinese automakers Geely and BYD to launch electric vehicles and e-trucks in India, aiming to establish an integrated mobility company under its JSW Green Mobility division

Granules India focused on getting FDA nod for drug from Gagillapur by FY26

It had voluntarily paused production in September

Tata Motors' new EVs promise over 500 km range on a single charge

This has been made possible by declining global costs of battery cells for EVs

Reliance's first-ever refinery at Jamnagar completes 25 yrs of operations

When Reliance founder chairman Dhirubhai Ambani wanted to pursue his long-cherished dream of setting up a refinery, he was offered land in the barren and desolate region off Jamnagar