Page 522 - Company News

RBI cancels registration of Zavron Finance over irregular lending practices

"The company has violated RBI guidelines on fair practices code by not providing the copy of loan agreement and sanction letter in vernacular language to its customers," the RBI said

Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody

Bajaj Finserv Health has a network of over 1,00,000 hospitals and 80,000 doctors

In discussions with potential local partner: Skoda Auto Volkswagen India

The company was responding to a query on whether it has halted the process of finding a local partner in India after the alleged customs duty fraud investigation

Gopalpur Ports' credit rating upgraded 6 notches post-acquisition by APSEZ

The upgrade by CareEdge Ratings follows subsequent prepayment of 64 per cent of external debt supported by funds infusion from APSEZ

Pricol plans to acquire Sundaram Auto Components' injection moulding biz

With this acquisition, Pricol will see a consolidated topline addition of around Rs 730 crore combined with Sundaram Auto Components' (SACL) healthy financial parameters

Sebi orders bank, demat accounts' attachment of Reliance Big Entertainment

The attachment notice came after Reliance Big Entertainment failed to pay the fine imposed on it by the markets watchdog

Skoda targets sales surge in 2024 with new compact SUV Kylaq launch

The company is eyeing gains in smaller cities and towns with the new model which is tagged between Rs 7.89 lakh and Rs 14.4 lakh (ex-showroom)

Vertex Global Services to integrate 10-12% differently-abled into workforce

In India, it stated, the unemployment rate among individuals who are differently abled remains exceptionally high, with some estimates exceeding 70 per cent

Bangladesh halves power buying from Adani Power amid payment dispute

An Adani Power spokesperson said the firm was continuing supply to Bangladesh, although mounting dues were a significant concern, making plant operations unsustainable

SBI planning to open 500 new branches across India in FY25: MoS Finance

Of this, 135 new branches have already been opened till October 31, 2024, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha

Swiggy expands 10-minute food delivery service 'Bolt' to over 400 cities

Swiggy has expanded the 10-minute food delivery service to Tier-2 and Tier-3 cities such as Roorkee, Guntur, Warangal, Patna, Jagtial, Solan, Nashik and Shillong among others

Ola Electric to add around 3,200 new showrooms by December 20 to push sales

Currently, Ola operates around 800 stores and with the new additions, the number of outlets, which will also function as service centres, will reach 4,000

No indication of B'desh reviewing power deal: Adani Power amid indictment

Reuters reported on Sunday that Bangladesh wants to sharply lower prices under the deal with Adani Group, unless it is cancelled by a court that has called for an investigation into the 25-year deal

JSW plans entry into EV market, to launch in-house electric vehicle brand

JSW had earlier announced a $1.5 billion joint venture with SAIC Motor, the Chinese automaker behind the MG brand, to produce and sell MG EVs in India

Tata Sons chairman calls for aggressive growth despite market challenges

N Chandrasekaran's call to group CEOs comes as several Tata Group companies, including TCS, Tata Motors, Tata Steel, and Tata Power, recorded single-digit revenue growth in the first half of FY25

Adani investor GQG's shares down by 13% after analyst downgrades stock

Swiss bank UBS downgraded GQG's stock rating from 'buy' to 'neutral' on Monday and reduced its price target from A$3.30 to A$2.30

Bajaj Auto posts 5% growth in total vehicle sales at 421,640 units in Nov

Total exports during the month under review rose 24 per cent at 180,786 units, from 145,259 vehicles shipped out to overseas markets in November 2023

Uber rolls out India's first water transport service with shikara bookings

Each Uber Shikara ride can be booked for a period of 1 hour between 10 am to 5 pm, allowing up to 4 passengers from Shikara Ghat No 16

AI helping ixigo to build travel tech for the next billion Indians

Ixigo's AI-driven trip-planning tool, 'PLAN', has crafted over 282,700 personalised itineraries, engaging more than 1.5 million users since its launch last year

Bangladesh wants to renegotiate Adani Power deal unless court cancels

The deal was signed in 2017 by Adani and a government entity under Prime Minister Sheikh Hasina, who was ousted this year amid a popular uprising and accusations of widespread corruption