Page 528 - Company News

Comfortable liquidity, enough debt cover for 28 months: Adani group

Group reports Rs 53K cr cash buffer, robust operational cash flow amid bribery charges

HUL ice-cream business demerger clears first hurdle after board nod

For the purpose of the proposed demerger, the board has also approved the incorporation of a wholly owned subsidiary

Zomato shares rise over 7% on Sensex entry, replacing JSW Steel

Zomato's Sensex entry follows the stock's inclusion in the futures and options (F&O) segment. Zomato is also expected to be added to several other indices

RIL shares rise 2% as Citi upgrades stock to 'buy', citing strong outlook

The US-headquartered brokerage has raised the target price for the scrip to Rs 1,530, implying an upside of over 18 per cent from the current market price

State Bank of India to channel $1.5 billion in global book in 4 months

In rupee terms, SBI's gross advances in its international book grew by 11.56 per cent year-on-year (Y-o-Y) to Rs 5.88 trillion

Edelweiss Financial Services explores minority stake sale in MF unit

The 13th largest fund house may be valued around $700-$800 million

Ashoka Buildcon receives LOA for Nhai project worth Rs 1,391 crore

The company was declared as the lowest bidder (L-1) during the bidding procedures for the project

Grid Equipments to divest 8.38% stake in GE Vernova T&D through OFS

The proposed OFS will open on Tuesday and conclude on Wednesday. The sale will involve a base offer of 1.4 crore equity shares

Dharmendra Pradhan launches Bharti Airtel Foundation's 'TheTeacherApp'

Platform includes 'free for life', CBSE-based resources to help educators meet evolving needs of education

Bhel-Hitachi receives Khavda Nagpur HVDC project from Power Grid Corp

The order was awarded by Power Grid Corporation of India on behalf of its Project SPV (special purpose vehicle) company

NFRA moves to extend company audit rules to limited liability partnerships

Experts noted that while specific standards on auditing exist for companies, such standards are yet to be notified for LLPs

Lupin recalls over 600,000 bottles of hypertension drug in US: USFDA

As per its latest Enforcement Report, US Food and Drug Administration (USFDA), stated that Dr Reddy's Laboratoties is also recalling a product in the US due to a manufacturing issue

HDFC Life reports data leak, begins investigation with security experts

Previously, Star Health and Allied Insurance had to launch a forensic investigation, led by independent cybersecurity experts, into a cyberattack it was subjected to

Maruti Suzuki achieves milestone of exporting 3 million cars from India

Countries in Latin America, Africa, Asia and the Middle East are important export markets for the company

Wipro appoints Omkar Nisal as CEO of Europe strategic market unit

Nisal, who will also become a part of the Wipro executive board, will report directly to company CEO and MD Srini Pallia

Consumer commission pulls up Flipkart over complaint about product quality

The complainant, a resident of Goregaon, said she had bought 13 small plastic containers of an health drink mix for Rs 4,641 from Flipkart in October 2023

Orchid Pharma to collaborate with hospital body CAHO to counter AMR

The collaboration aims to tackle AMR in India by focusing on tier 2 and tier 3 cities, bridging the gap between awareness and action, and ensuring sustainable AMR interventions

Sebi to auction 17 properties of KBCL on Dec 23 to recover illegal money

The regulator has initiated the process for the sale of assets after KBCL India Ltd, its directors Rakesh Kumar, Vishvnath Pratap Singh and Shashi Kant Mishra failed to refund the investors' money

Creditors recover Rs 3.55 trn through resolution of 1,068 cases till Sep

In a written reply to the Lok Sabha, Minister of State Harsh Malhotra also said that a total of 1,963 CIRP cases are ongoing and out of them, 1,388 have exceeded the time limit of 270 days

Kia India aims to double CKD exports by 2030; eyes West Asia, Africa

To date, the automaker has exported one lakh units of CKD vehicles since it began shipments in June 2020 from its manufacturing facility at Anantapur in Andhra Pradesh