Page 496 - Company News

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

Powering AI dreams: Microsoft bets $80 billion on data centre revolution

To strengthen its AI infrastructure and expand its data centre footprint, Microsoft has already committed significant financial resources

Reliance Industries raises $3 bn from 11 banks in dual-currency loan deal

The five-year loan was finalised last month at 120 basis points above the three-month Secured Overnight Financing Rate (SOFR), with $450 million denominated in Japanese yen

Hindustan Unilever in talks to buy skincare brand Minimalist for Rs 3K cr

The brand that came into being in 2020 is known for its ingredient-based skincare products. It had raised funds in its series A from Unilever Ventures, and Sequoia Capital India

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Meanwhile, Yes Bank reported a marginal contraction in deposits during the October-December period (Q3FY25) over the previous quarter

Dabur expects muted revenue growth in Q3; Marico upbeat on top line growth

The maker of Hajmola candy and Real fruit juice said rural consumption continued to be resilient and grow faster than urban in the third quarter

Gas for LPG set to be diverted to city gas distribution companies

The latest order instructs ONGC and GAIL to divert 0.637 MMSCMD of gas, currently utilised for LPG production, towards CGD. Currently, 2.55 MMSCMD of gas is used for LPG production

BharatPe parent to sell up to 25% stake in Unity SFB for $800 mn

According to the licensing requirements, BharatPe has to bring down its stake in the bank to 10 per cent within eight years from the bank's operations

Turning tide: Fintech firm Paytm's Ebitda likely to break even this quarter

Brokerages expect improved contribution of financial services into revenue pie

Kotak Mahindra Bank CTO & COO Milind Nagnur resigns citing personal reasons

In his resignation letter, Nagnur stated that he intends to relocate to the United States to care for family members

Vi rolls out unlimited annual data usage plans to counter competition

The company said that it has rolled out pre-paid plans priced at Rs 3,599, Rs 3,699 and Rs 3,799 that will offer unlimited data usage from 12 AM till 12 PM every day throughout the year

Piyush Goyal asks Blinkit to follow applicable laws for 10-min ambulance

Asked about issues raised by small retailers about quick-commerce or e-commerce firms, he said the government is monitoring that and the CCI (Competition Commission of India) has already taken actions

Marico forecasts higher quarterly revenue growth on cooking oil demand

However, sales in large cities are under pressure as consumers cut back on spending due to high costs of living

US pizza chain Papa John's aims to re-enter Indian market in 2025

Papa John's exited India in 2017 saying its restaurants were not able to meet the expectations of the brand and the franchisee

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning

In a social media post, Nishant, who was replaced by his brother and Co-Founder Rikant Pittie, after EaseMyTrip announced his appointment as the new CEO on January 1