Page 495 - Company News

Luxury carmaker Mercedes-Benz appoints Emrah Ozer as CFO for India

He succeeds Evren Cakabey who has taken over as the Executive Director & CFO, Mercedes-Benz G GmbH, Austria, effective January 1, 2025

CCI raided Pernod's office over retailer collusion to promote whisky brand

The case was triggered by a 2022 complaint by Indian rival Radico Khaitan, which accused Pernod of colluding with retailers not to stock a Radico whisky brand

Arkade Developers aims Rs 2,150 cr revenue from 3 new projects in Mumbai

Collectively, Arkade will develop 20,232 square metres (about 5 acres) across these redevelopment projects located in Andheri East, Malad West and Borivali West

NCLAT to hear Meta Platform's plea against CCI's penalty on January 16

The petition was mentioned before a National Company Law Appellate Tribunal (NCLAT) bench which also comprised its Chairperson Justice Ashok Bhushan

Cipla launches CipAir mobile app for first-line asthma screening in India

The app aims to assess users' likelihood for asthma, thereby enabling timely intervention and management

Sterlite Grid 32 gets Rs 2,450 cr via listed NCDs to refinance MUML project

This is the first listed NCD issuance of Sterlite Grid 32 Limited after its joint venture with GIC of Singapore

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