Page 494 - Company News

With new $650 mn war chest for India, Accel eyes AI, fintech startups

Accel said its latest fund eighth in India and Southeast Asia -- builds on its commitment to partnering with early-stage founders

SC transfers all cases against Flipkart, Amazon to Karnataka HC on CCI plea

The order came on a plea filed by the Competition Commission of India, which sought to consolidate all 24 cases pending across various high courts against Amazon and Flipkart

IEX achieves highest monthly electricity traded volume of 11,132 MU in Dec

During the month, IEX traded 16.62 lakh renewable energy certificates, recording a 58 per cent year-on-year (Y-o-Y) increase

Titan estimates 24% rise in Q3 revenue on booming jewellery demand

Strong consumer traction during the festive season translated into high single-digit percentage buyer growth in the jewellery segment, said Titan

Macrotech Developers Q3 sales bookings up 32%, highest quarterly pre-sales

Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country

HDFC Bank's LDR falls below 100% for the first time after merger

HDFC Bank's LDR was around 87 per cent pre-merger. Following the merger, its LDR went up to 110 per cent

Bank of India eyeing to sell stressed loans in Simbhaoli Sugars, Visa Steel

The anchor bid for the asset put up for sale would translate into a recovery of around 54.5 per cent for the lender

Adani Wilmar to expand FMCG portfolio, emulates ITC post-Adani group exit

Just as ITC used its strong cigarette business to expand into FMCG, AWL is set to use its dominant edible oil business as a foundation for FMCG growth

Karur Vysya Bank now operates 475 branches, including 2 new ones in TN

According to a press release, during the current financial year, the company has added 28 new branches, taking the overall presence of the banking network to 866 across the country

Anarock to double office leasing team amid rising demand for workspaces

In an interview with PTI, Peush Jain, Managing Director, Commercial Leasing and Advisory at Anarock, said the office leasing team has grown to 50 professionals across India

NHAI prepays Rs 56,000 cr to lenders in FY25 to save Rs 1,200 cr interest

NHAI's total debt at the beginning of the current fiscal year was pegged at Rs 3.35 trillion, which stood at about Rs 2.76 trillion at the end of third quarter of 2024-25 fiscal year

River targets retail expansion in India with 25 new stores by March 2025

Bengaluru-headquartered company inaugurated its first store in Coimbatore, the second such facility in Tamil Nadu after the first outlet in Chennai, which was established in 2024

Unmarried couples no longer welcome, OYO changes check-in policy

Under the revised policy, all couples will be asked to present valid proof of relationship at the time of check-in, including for bookings made online

Nayara Energy to expand retail network by adding one fuel station per day

With over 6,500 petrol pumps, it caters to the need for reliable and safe mobility across the length and breadth of the country

OfBusiness plans to invest Rs 3000 cr in next 3 yrs to ramp up steel biz

OfBusiness also plans to get into new categories such as pre-painted galvanised iron (PPGI) adding onto thermo-mechanically treated (TMT) bars and structures

CCI dismisses allegations of 'abuse of dominance' against Coal India

The case, filed by a Kolkata-based individual, claimed that Coal India's 2022 e-auction scheme replaced its earlier spot e-auction scheme 2007 with terms allegedly unfair to buyers

Adani Wilmar sees 6% rise in sales volume in Q3, revenue grows 33%

Adani Group recently announced its exit from the joint venture by divesting its entire 44 per cent stake to Wilmar group as well as open market sale

Committed to turning Air India into top-class airline: Tata Sons chairman

Tata Group acquired Air India in 2022 after the government had signed a share purchase agreement with Tata Sons for the sale of Air India for Rs 18,000 crore

Kirloskars challenge Sebi letter asking family settlement deed disclosure

In a joint statement, the Kirloskar companies said they have filed the appeal before SAT challenging the Sebi letter dated December 30, 2024

HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs

RBI has given approval to HDFC Bank and its group companies to collectively acquire up to 9.5 per cent of paid-up share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank