Page 555 - Company News

CCI seeks SC intervention to streamline Amazon, Flipkart antitrust cases

As multiple high court cases delay its probe, the CCI now considers a Supreme Court petition to merge antitrust cases against Amazon, Flipkart, and certain other platform sellers

Bigger than Musk's X, Seven & i's offer to rank among top buyout deals

A successful transaction would surpass what KKR & Co. and TPG Capital paid to take over Energy Future Holdings Corp., formerly known as TXU Corp

MG's Windsor sales in top gear, Tata Motors' EV monopoly under threat

Tata Motors said that it has 'done the maths' on the BaaS model, and is 'unconvinced' about its passenger vehicles

Drug maker Cipla gets 8 observations from USFDA for Bengaluru facility

The US Food and Drugs Administration (USFDA) conducted an inspection at the company's manufacturing facility in Virgonagar, Bengaluru from November 7- 13

Marriott International, Samhi Hotels ink pact to open 3 properties in India

These properties are expected to open during 2026-2028, elevating the two companies' joint efforts to expand their footprint in the country

PFC not to take exposure in Shapoorji Pallonji Group: CMD Chopra

PFC had conducted a due diligence process related to sanctioning loan to Shapoorji Pallonji, she said

Morgan Stanley, 2 others pick 6.8% stake in PNB Housing Fin for Rs 1,664 cr

Ghisallo Master Fund bought 17.90 lakh shares of PNB Housing while Societe Generale acquired 17.09 lakh shares of the firm, as per the data

Piccadily Agro to invest Rs 1,000 cr to expand, open distillery in Scotland

In September 2024, PAIL raised Rs 262 crore through preferential allotment from marquee investors, while an additional Rs 50 crore was infused by the company's promoters

India's Adani Group to invest $10 billion in US energy following Trump win

The billionaire announced the investment, with no specific timeline, while congratulating U.S. President-elect Donald Trump on his election win

Apollo Tyres Q2 results: Net profit decreases 37% to Rs 297 crore

The tyre maker posted a Profit After Tax (PAT) of Rs 474 crore in the July-September quarter of last fiscal

No criminal conspiracy by ICICI officials in NDTV loan repayment case: CBI

The CBI, which filed its closure report last month, also said that the reduction of the rate of interest for NDTV was not a "one-off incident"

Frequent breach of timelines leading to more liquidations under IBC: ICRA

In over 71 per cent of the cases, the 270-day timeline is getting exceeded, the report by rating agency Icra said, adding that this is resulting in a higher number of liquidation orders

ONGC to soon open 5 wells in KG basin to boost gas, crude output in H2FY25

Of the six announced discoveries so far in FY25, one has been monetised so far

HC rejects UBI plea seeking transfer of Valmiki scam probe to CBI

Senior Advocate Professor Ravivarma Kumar, representing the state-run Corporation, supported the state's stance

Prosus plans to list Indian digital payments, lending firm 'PayU' in 2025

PayU has had plans to list since late 2023, at a $5 billion to $7 billion valuation. It recently emerged from a 15-month regulatory ban on enlisting new merchants

Nokia to deploy 3,300 new sites for VI's 4G expansion by March 2025

In September, Vi announced a mega $3.6 billion or Rs 30,000 crore deal with global telecom equipment makers Nokia, Ericsson, and Samsung, for the supply of network equipment over a three-year period

IndiGo, Air India cancel flights to Bali due to volcanic eruption

"#6ETravelAdvisory: Due to a recent volcanic eruption in #Bali, flights to/from the region have been cancelled, as ash clouds may impact air travel," IndiGo said in a post on X

Delhi consumer commission fines Voltas Rs 10,000 for service deficiency

The Commission was hearing the appeal of the consumer seeking enhancement of the Rs 2,000 compensation awarded by a district forum for failing to repair or service a defective AC unit

Blue Energy Motors plans to raise $100 million by January, says CEO

Blue Energy, India's first LNG truck manufacturer, was valued at $250 million in its previous fundraising round

Swiggy to make 500 employees crorepatis after its IPO: Here's how

On the Bombay Stock Exchange (BSE), the stock opened at Rs 412, registering a 5.64% gain from the issue price. This listing is set to bring significant value through Esops