Page 551 - Company News

Mavco and Avenue Capital Group acquire Hubergroup for global growth

The deal is projected as a strategic partnership to accelerate global growth, but regulatory approvals are still pending

Industry, govt, academia collaboration in focus at Bengaluru Tech Summit

Biocon Chairperson Kiran Mazumdar-Shaw said efforts should be made to ensure the government becomes the first user of innovations from startups

Tata Power inks deal with Bhutan's firm for 5,000 MW clean energy projects

Through the collaboration, at least 5,000 MW of renewable energy projects will be developed in phases

Blackstone strikes $8 bn deal for sandwich chain Jersey Mike's Subs

Jersey Mike's Sub, a fast casual sub sandwich franchise, operates over 2,800 locations

USFDA issues seven observations to Dr Reddy's Hyderabad manufacturing plant

As per USFDA, Form 483 is issued to a firm's management at conclusion of an inspection when the investigator has observed any conditions that may constitute violations of the FD&C Act

Adani Infra to acquire 30% stake in PSP Projects for Rs 685 crore

Adani Infra, owned by a unit of Indian billionaire Gautam Adani's flagship Adani Enterprises, will purchase the shares from Prahladbhai S Patel, who leads PSP Projects and is its top shareholder

TotalEnergies, Oil India sign pact on methane emissions detection

The OGDC's ambition is to work towards net-zero operations by 2050, as well as near-zero upstream methane emissions and zero routine flaring by 2030

AI will play a huge role in financial inclusion, says Nandan Nilekani

He also added that all the building blocks of digitisation in India have been created in a way that promotes financial inclusion

Walmart raises annual sales forecast, bets on strong holiday shopping

The retailer is among the first major US chains to provide insight into the all-important holiday quarter and how consumers are planning to spend as inflation ebbs

LIC faces Tamil Nadu backlash over Hindi website; cites technical glitch

The controversy erupted after Chief Minister M K Stalin criticised LIC, calling it a "propaganda tool for Hindi imposition"

Godrej Industries raises Rs 1,000 crore through NCDs in two tranches

Both issuances had a base size of Rs 250 crore and a green shoe option of another Rs 250 crore. The NCDs have been rated AA+ by domestic rating agencies CRISIL and ICRA

India among our top three focus markets globally, says Pearson executive

The company is seeing a huge growth opportunity in English language learning, assessment and testing, and higher education

RMZ, Colt DCS to invest $1.7 billion in Indian data centre market

The data centres will have a combined capacity of approximately 250 MW on completion

Nissan Motor India commences export of new SUV Magnite to South Africa

Over 2,700 units of the model have been shipped from the Chennai port within a month after its launch in India

US packaging firm Amcor Plc to buy Berry in all-stock deal worth $8.43 bn

Berry's shares were up 4.4 per cent before the bell. Amcor shares were up about 1 per cent

Sundaram Home Finance to expand in tier-3 towns of Western Tamil Nadu

Having established our Coimbatore branch, we are looking to expand further in the Emerging Business segment. The expansion into Pollachi is part of our strategy to penetrate deeper into smaller towns

Saatvik Green Energy files draft papers with Sebi for Rs 1,150 cr IPO

Proceeds from the fresh issue to the tune of Rs 553 crore will be used for setting up a 4 GW solar PV module manufacturing facility in Odisha, Rs 96 crore for investment in its subsidiary Saatvik

Sony in talks to buy Japan's media giant behind 'Elden Ring' video game

The talks between the two sides are ongoing and, if successful, a deal could be signed in the coming weeks

Paytm launches UPI International, enables cashless payments abroad

Paytm brings UPI payments for Indian travellers to UAE, France, Singapore, and more

Nestle to cut costs by $2.8 bn, boost marketing under CEO Laurent Freixe

The repercussions continue to weigh on the Swiss company's revenue after shoppers switched to cheaper, better advertised or more innovative brands, eating into Nestle's market share