Page 518 - Company News

ITC ramps up cultivation of medicinal, aromatic plants for market expansion

The agri-division of ITC is working with farmers and helping them to diversify their crops by encouraging them to cultivate high-demand crops like Ashwagandha, Tulsi, and Kalonji

Adani's solar contract has lower tariff, can find new buyer: Analysts

If Adani promoters are found guilty, we believe the size of potential penalty is manageable given it is up to three times the value of the bribe, Nomura said

SpiceJet set to hold annual general meeting for FY24 on December 30

At the meeting, the airline will seek shareholders' approval for increasing the authorised share capital to infuse fresh share capital

Gaurs Group sells nearly 200 luxury homes for Rs 1,300 cr at Greater Noida

Gaurs Group has launched a luxury residential project 'Legacy by Gaurs', comprising around 250 units, at Jaypee Greens, Greater Noida

NCLAT declines to lift stay on NCLT order barring Aakash from amending AoA

The Apex Court had directed Akash to approach the NCLAT within seven days and said that the stay on implementing the EGM resolution over alteration in the AoA will remain in effect

GCPL expects flattish volume growth in Q3 sales on rise in soap prices

A surge in palm oil and derivatives prices to the extent of a year-on-year increase of 20-30 per cent has impacted the soaps category

Mahindra to contest 'BE 6e' brand rights dispute against IndiGo in court

Mahindra says it would rebrand the name of its upcoming electric SUV "BE 6e" as "BE 6" to avoid unnecessary distractions

UltraTech receives CCI notice over proposed acquisition of India Cements

The southern market for grey cement, where India Cements primarily operates, is highly competitive and fragmented, with the presence of over 35 grey cement manufacturers

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

The funds have been raised from 10 known financial institutions from Southeast Asia, the Middle East, and Africa

Paytm's Singapore unit to sell stake in Japan's PayPay for Rs 2,364 crore

The transaction is expected to close this month subject to approvals. The sale is expected to strengthen the parent company's cash reserves

Paytm arm to sell stock acquisition rights in Japan's PayPay for Rs 2.3K cr

Paytm said that the transaction is expected to be completed in December 2024

MobiKwik cuts issue size for third time, sets price band at Rs 265-279

In FY24, MobiKwik recorded its first fully profitable year, reporting a profit after tax (PAT) of Rs 14.08 crore, following a loss of Rs 83.8 crore in FY23

Tadiran Telecom to invest $10 mn annually to manufacture IP phones in India

We have allocated $10 million for one year for our manufacturing project. Investment will increase based on the performance, said CEO

SBI Card surpasses milestone of 20 million credit cards in circulation

According to a press release by SBI Card, it achieved the milestone of 20 million credit cards in force, having started its credit card business in 1998

Piramal Pharma to pay $407,400 to US-based VetDC Inc to settle dispute

VetDC had claimed damages on account of rejection of certain batches of product manufactured and supplied by Piramal Pharma Solutions Inc

RPG Group's Ceat to acquire Camso brand from Michelin for $225 million

The acquisition will give tyre major access to 40 global OEMs and broaden its product offering into construction tyres and bias tracks

Don't want to go Byju's way: Aakash Educational Services to NCLAT

NCLAT refuses to set aside order halting move to amend AoA

Tata Power plans Rs 1.25 trillion investment between FY26 and FY30

Raises FY25 capital expenditure by 72% compared to FY24

Maruti, M&M join Hyundai in announcing price hikes as input costs rise

Up to 4% increase to be effective from Jan 1; higher input costs drive the move

Paytm's wholly-owned Singapore unit approves stake sale in PayPay

The value of the deal is reportedly pegged at $250 million, although the company did not voluntarily disclose the deal size on the exchanges