Page 565 - Company News

ArcelorMittal SA rejects 19 bn rand buyout offer of Networth Investments

Networth had planned to transform the country's struggling steel industry with green technology and more profitable stainless-steel production based on models in India

HDFC Bank advises customers to stay vigilant against digital arrests

The country's largest private sector bank has shared tips on how its customers can protect themselves from the emerging online fraud

Lodhas to transfer stake worth Rs 20k cr in Macrotech to philanthropic firm

Macrotech Developers Ltd (MDL) is one of the leading real estate developers in the country, selling properties under the Lodha brand

DTDC Express announces enhanced benefits, reward programme for staff

It has introduced a range of reward programmes to recognise the dedication of its staff during Diwali. These initiatives include an annual bonus and a performance-driven delivery incentive programme

Engineering services company Cyient acquires 27.3% stake in Azimuth AI

The acquisition is part of the company's strategic expansion of its semiconductor business. In July last year, the company announced the establishment of a fully owned subsidiary

Amazon signs initial pact with HPCL for adoption of low carbon fuels

Under the collaboration, HPCL and Amazon will conduct a pilot to test fuels in the latter's long-haul transport vehicles and explore the possibilities of fuelling hubs

Sacheerome targets 30-40% annual growth in West Asian fragrance market

"India's rich resources and lower operational costs give us a strong competitive edge," MD said

Air India gets DGCA nod to perform in-house changes to aircraft interiors

The full-service carrier has a collaboration with Tata Technologies to enhance aircraft interiors in its fleet

Russia oil intake share declines to 34% in September quarter, says BPCL

BPCL mainly processes Russian oil at its 156,000-bpd Bina refinery in central India and the 310,000-bpd Kochi refinery in southern Kerala state

CCPA questions Ola Electric's 99% resolution rate for 10,000 complaints

Ola Electric came under scrutiny by the Department of Consumer Affairs after customers complained about its EV after-sales service

Co-working provides nearly 23K desks to GCCs during Jan-Sep: Knight Frank

Occupied flex seats across major markets reflect a growing trend towards flexible and hybrid working models, underscoring a shift in how businesses operate in a rapidly evolving economic landscape

E-commerce firm Udaan raises about Rs 300 crore in debt funding round

The latest debt funding will strengthen Udaan's balance sheet, offering flexibility to invest and maintain its leadership

Arvind Retailers Q2FY25 results: Pre-tax profit rises 19% to Rs 135 crore

The advanced materials segment (AMD), through which Arvind makes fabrics and protective gear for construction work, grew 9 per cent

Quick commerce race tightens as Tata set to enter market with Neu Flash

For grocery deliveries, Neu Flash will utilise BigBasket while Croma will provide electronics and mobile phones, and Tata Cliq will manage fashion and lifestyle products

Ambuja Cements rivals UltraTech in limestone reserves via acquisitions

Gap in the two competitors' reserves is narrower than that in manufacturing capacities

Diwali: Zepto collaborates with over 500 artisans to promote local products

Zepto outlined its project of working with 50 families from the Prajapati clan, a community of Kumhars (potters), to support their livelihood, which largely depends on festivals like Diwali

Gautam Singhania slams Lamborghini heads after Revuelto breakdown in Mumbai

On October 3, Raymond boss Gautam Singhania posted on X about an electrical failure in his new Lamborghini Revuelto, which occurred during a test drive just 15 days after its delivery

AICCA terms Air India's new room-sharing policy illegal, seeks intervention

The association is seeking these entitlements hotel accommodation and conditions of accommodation in line with the policy on accommodation for pilots

Tata Trusts to reform operations, reduces management roles and expenses

The decision comes after an internal audit and financial review by trustees, which revealed a notable increase in staffing expenses, reaching approximately Rs 180 crore, according to a report

This pharma company from Mumbai may be helping Putin get Nvidia AI chips

But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India's burgeoning role