Page 561 - Company News
Sunil Mittal's Bharti Telecom to raise Rs 8,500 crore via bond market
The borrowing is coming days after India's second-largest wireless carrier Bharti Airtel Ltd., in which Bharti Telecom is the largest shareholder
 "Sunil Mittal's Bharti Telecom to raise Rs 8,500 crore via bond market")
Meesho generates positive operating cash flow of Rs 232 cr in FY24
Company says it is India's first horizontal e-commerce platform to have free cash flow as adjusted losses reduce by 97% to 53 cr
 "Meesho generates positive operating cash flow of Rs 232 cr in FY24")
BSNL successfully deploys over 50,000 indigenous 4G sites nationwide
Telecom Minister Jyotiraditya Scindia earlier this month said BSNL will roll out its 4G network nationwide by June 2025, by deploying 1 lakh sites, and convert them to 5G within a month
 "BSNL successfully deploys over 50,000 indigenous 4G sites nationwide")
Torrent Pharmaceuticals promoters sell 3% stake, raise Rs 3,087 crore
Torrent Group was actively pursuing the acquisition of Cipla and JB Chemicals and Pharmaceuticals but ultimately withdrew due to high valuations demanded by the sellers
 "Torrent Pharmaceuticals promoters sell 3% stake, raise Rs 3,087 crore")
New India Assurance Q2 results: PAT at Rs 71 cr, total income up 2.5%
The total income of the Mumbai-based entity rose to Rs 10,090 crore from Rs 9,839 crore in the year-ago period, New India Assurance said in a regulatory filing
 "New India Assurance Q2 results: PAT at Rs 71 cr, total income up 2.5%")
Clash of titans: Samsung in Vietnam and Apple in India race for market lead
Apple Inc exported iPhones worth $10 bn from India in FY24, a fifth of what Samsung achieved last year in Vietnam
 "Clash of titans: Samsung in Vietnam and Apple in India race for market lead")
Torrent Investments sells 2.9% stake in Torrent Pharma for Rs 3,086 cr
According to the bulk deal data available with the BSE, Torrent Investments Pvt Ltd sold a total of 99.44 lakh shares or 2.94 per cent stake in Torrent Pharmaceuticals
 "Torrent Investments sells 2.9% stake in Torrent Pharma for Rs 3,086 cr")
Life Insurance Corporation receives GST demand notice of Rs 65 crore
The insurer has received communication/ demand order for Goods & Service Tax, Interest and penalty for Jharkhand on October 30, LIC said in a regulatory filing
 "Life Insurance Corporation receives GST demand notice of Rs 65 crore")
Air India cancels 60 India-US flights in Nov-Dec citing aircraft shortage
The flights, which have been cancelled during the peak travel period, include services to San Francisco and Chicago, among others, the source said
 "Air India cancels 60 India-US flights in Nov-Dec citing aircraft shortage")
Tata Power board okays Rs 5,666 crore for 1,000 MW pumped storage project
The company aims to set up the project in Bhivpuri over a period of 44 months, Tata Power said in an exchange filing
 "Tata Power board okays Rs 5,666 crore for 1,000 MW pumped storage project")
Yatharth Hospital to acquire 60% stake in MGS Infotech for Rs 152 crore
In February 2024, Yatharth Hospitals acquired a 100 per cent stake in the Faridabad-based 175-bed Asian Fidelis Hospital for an enterprise value of Rs 116 crore
 "Yatharth Hospital to acquire 60% stake in MGS Infotech for Rs 152 crore")
Zydus Wellness board approves acquisition of Naturell India for Rs 390 cr
Zydus Wellness on Wednesday said its board has approved the acquisition of Naturell (India), a maker of healthy snacks such as nutrition bars and protein chips, for Rs 390 crore.
 "Zydus Wellness board approves acquisition of Naturell India for Rs 390 cr")
Canara Bank cuts gold loan growth to 15-17% amid regulatory concerns
Stops lending to MSMEs against gold as collateral
 "Canara Bank cuts gold loan growth to 15-17% amid regulatory concerns")
2 Adani cos sign pacts with MSEDCL to supply 6,500 MW power to Maharashtra
In a regulatory filing, Adani Power Ltd said it has signed an agreement with Maharashtra State Electricity Distribution Company to supply nearly 1,500 MW of power
 "2 Adani cos sign pacts with MSEDCL to supply 6,500 MW power to Maharashtra")
SumeetSSG to invest Rs 1,600 cr in Maha; bags emergency med service project
The 10 years long project is valued at Rs 14,000 crore and is being considered as a major investment in the state's healthcare infrastructure
 "SumeetSSG to invest Rs 1,600 cr in Maha; bags emergency med service project")
Adani Group's mcap surges by over Rs 39k cr amidst renewed Oppn attack
Nine out of the 10 listed companies of the ports-to-energy conglomerate saw market cap climb in three days of trade on the back of strong financial and operating results
 "Adani Group's mcap surges by over Rs 39k cr amidst renewed Oppn attack")
Carborundum Universal Q2 results: Net profit grows to Rs 116.16 crore
For the six months period ending September 30, 2024, net profit after tax grew to Rs 231 crore, as compared to Rs 221.64 crore registered a year ago
 "Carborundum Universal Q2 results: Net profit grows to Rs 116.16 crore")
Police summon Aviva India CEO in discrimination case, firm denies claims
Aviva's spokesperson, based in Britain, said Aviva India "strongly denies any discrimination as claimed and has robust policies to ensure fair treatment to all employees"
 "Police summon Aviva India CEO in discrimination case, firm denies claims")
Reliance Jio tops in mobile data traffic globally, driven by 5G adoption
Reliance Jio has secured its position as the world's top mobile data provider for the third straight quarter, driven by a robust 5G rollout and significant subscriber growth
 "Reliance Jio tops in mobile data traffic globally, driven by 5G adoption")
Dabur to acquire ayurvedic product maker Sesa Care for Rs 315-325 crore
This new acquisition will help Dabur to expand in the Rs 900 crore ayurvedic hair oil market, the company said in a regulatory filing
 "Dabur to acquire ayurvedic product maker Sesa Care for Rs 315-325 crore")