Page 553 - Company News

Tyre firms raise prices for third straight quarter to combat rising costs

Both CEAT and JK Tyre maintain that strong demand in the replacement tyre market is helping to cushion the impact of price hikes

TVS' Srinivasan, Star Health founder launch health insurance product

Plan allows customers to make multiple claims within same policy year

SBI seeks $1.25 bn in country's largest dollar-denominated loan of 2024

India's top lender is raising the facility for general corporate purposes through its branch at the Gujarat International Finance Tec-City

CIEL to file papers for Rs 450-cr IPO on Friday, will be 2nd listed HR firm

Public offer expected to comprise a fresh issue of around Rs 350 cr and an offer for sale by earlier shareholders

Mankind Pharma pledges 39.68% in Bharat Serums for Rs 5K crore NCDs

The capital raised through this pledge is expected to support Mankind Pharma's strategic initiatives and growth plans

JioStar won't limit itself to premium subscription model, says Uday Shankar

The mega joint venture, valued at Rs 70,352 crore, is focused on creating offerings that are attractive and affordable to all, and it will not be limited to just the premium subscription model

Canara Bank classifies RCom and its subsidiary as 'fraud' accounts

The accounts were reported as "fraud" by the lender to the Reserve Bank of India (RBI) on September 18

HZL wins gold block, marks Vedanta group's entry into yellow metal business

Says it has been declared the "preferred bidder" for the Dugocha Gold Block, as confirmed by the Department of Mines and Geology, Rajasthan, via a notification dated November 15

Review Starlink, Kuiper reach before spectrum allocation: Reliance to Trai

"The authority should critically examine the capacities created by these mega ... constellations such as Starlink and Kuiper," the letter dated Nov. 15 said

Belstar Microfinance to prioritise consolidation over growth in coming qtrs

MFI's stressed loans rise sharply to 3.5% in September from 1.47%

Galaxy Health aims to be a major health insurance player in 2-3 years: CEO

In March, Galaxy Health received approval from the insurance regulator to start a health insurance business in India, taking the total number of standalone health insurers in the country to seven

Jewellery brand Giva's revenue rises 66% in FY24, to Rs 273.6 crore

The cost of procurement of metals increased by over 53 per cent to Rs 115 crore in FY24

Disney aims for $1 billion profit from its streaming biz in new fiscal year

The profit at Disney's direct-to-consumer division even exceeded the earnings from its film division, which scored $3 billion in global ticket sales this summer from the blockbusters Inside Out 2

Sebi slaps Rs 26 cr notice on Reliance Big Entertainment in RHFL fund case

The notice was issued after the entity (Reliance Big Entertainment) failed to pay the Rs 25 crore fine imposed by the regulator in August this year

Ujjivan Small Finance Bank looks to sell Rs 270 cr of micro-banking loans

Of the Rs 270 crore worth of loans, around Rs 208 crore are non-performing loans, and the remaining Rs 62.36 crore worth of loans have been written off by the bank

Unilever reduces European job cuts, adds 1,000 roles for ice cream unit

Unilever said earlier this year it would axe 7,500 jobs globally as part of a restructuring to save about 800 million euros

Rapido cuts losses from Rs 675 cr to Rs 370 cr in FY24, revenue rises 46%

"Last year's performance is underscored by a ~2x increase in Gross Order Value (GOV), which soared to Rs 4,257 crore in FY24 from Rs 2,419 crore in FY23, further demonstrating the platform's expanding

Sobha Ltd Q2 results: Net profit up 75% to Rs 26 cr, income at Rs 965 cr

With solid financial strength of the company, post successful completion of rights issue, coupled with deep operational expertise and international brand recognition, the company is effectively

Zepto to raise $300 mn, doubling initial target amid quick commerce battle

The funding round, oversubscribed by prominent investors, will include top Indian family offices and ultra-high net worth individuals

Samsung Electronics plans $7.2 bn buyback to boost shareholder value

The board of directors will decide on ways to enhance shareholder value, including when and how to use the remaining seven trillion in the repurchase programme, the company said