Page 565 - Company News

Kunal Kamra 'accepts' Bhavish Aggarwal's job offer amid Ola service row

Kamra recently posted on X (formerly Twitter) that he already feels like an "Ola employee" due to the influx of customer complaints tagging him

CM Naidu meets Adani Group delegation to discuss investment opportunities

Discussions covered projects with the potential to drive comprehensive growth across the state in key sectors

Volume outlook, e-auction premiums remain positive for Coal India stock

Given a strong volume outlook, e-auction premiums and assuming lower operating costs, the long-term outlook remains positive

InsuranceDekho merger to create new leader in segment, says RenewBuy

Reports have indicated that InsuranceDekho is in advanced talks to merge with RenewBuy in a cash-and-stock deal, which could value the combined entity at Rs 8,000 crore

Tata Power acquires 40% stake in Khorlochhu Hydro Power for Rs 830 cr

On August 6, the Board of Directors of The Tata Power Company Limited approved a proposal for the acquisition of a 40 per cent equity stake in Khorlochhu Hydro Power Limited in one or more tranches

Merlin Group executing Rs 20,000 cr projects, revenue to double in 7-8 yrs

Hospitality is also a key interest for the group, which is executing the eastern region's first World Trade Centre project. The WTC is expected to house a five-star property

Bombay, Delhi HCs halt fake Skechers sales; 2,500 items seized in 3 cities

An ex parte injunction is a temporary court order issued without the other party's presence or participation. The term 'ex parte' means 'from one side'

Renault Nissan Chennai unit crosses 4.5 mn powertrain production milestone

The plant has the capacity to produce engines ranging from 800cc to 1500cc

Increased pace of capex will help achieve targeted growth: Adani Cement CEO

The Adani group, which had last week announced the acquisition of Orient Cement, aims to have a manufacturing capacity of 140 million tonnes per annum (MTPA) by FY28

Lodha Group to transfer 18% stake in Macrotech Developers for philanthropy

Lodha Philanthropy Foundation (LPF) will have an initial corpus of Rs 20,000 cror

RBL Bank, Mahindra Finance get RBI nod to launch co-branded credit cards

The announcement comes amid heightened concerns about the credit card portfolios, and also regulatory attempts to disincentivise growth in such riskier assets

Star Health Insurance absolves security chief in data leak incident

In August, Star Health faced a data leak, where stolen customer data including medical reports, were publicly accessible via chatbots on messaging app Telegram and through websites

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