Page 580 - Company News

Two units of Adani Road Transport accept bids for Rs 1,125 cr bond issue

Mancherial Repallewada Road and Suryapet Khammam Road accepted bids worth Rs 237 crore and Rs 282 crore

SBI Life Insurance Q2 results: Net profit jumps 39% to Rs 529 crore

The insurer had posted a profit of Rs 380 crore in the July-September quarter of the last financial year

UAE's sovereign wealth fund to invest $750 mn in debt of GMR Group

The investment will also allow the Indian company to reduce the pledged shareholding on its airports business

Heineken's premium beer volume rises 4.5% in Q2, Kingfisher Ultra chips in

Heineken NV is the promoter of United Breweries Ltd which has a range of beers under the Kingfisher brand besides other labels such as Zingaro and Kalyani Black Label, among others

JLR expands global innovation network with new tech hub launch in India

"India's rapidly-growing startup sector and JLR's already established presence and close links to the Tata Group make the country the ideal location for the newest innovation hub," JLR's Innovation

WHO approves Zydus Lifesciences' typhoid vaccine for UN procurement

Typhoid affects an estimated 11 to 21 million people annually, leading to between 117,000 and 161,000 deaths

Byju's in trouble again as SC scraps NCLAT ruling on insolvency proceedings

A bench led by Chief Justice DY Chandrachud revoked the NCLAT's approval of Byju's settlement of Rs 158.9 cr in outstanding dues to the BCCI

Tech Mahindra boosts workforce by 6,653 in Q2, headcount climbs to 154,273

As of September, Tech Mahindra's employee count rose to 154,273 from 147,620 last quarter, while attrition slightly increased to 10.6 per cent, with IT attrition at 11 per cent

Vedanta Resources raises $300 mn through tap issue on existing bond issue

In September, Vedanta Resources had raised USD 900 million in its first dollar bond issue in more than two years to prepay existing bonds

Zomato raises platform fee to Rs 10 as festive season demand spikes

With a reported order volume of 647 million in FY23, the Re 1 increase could add Rs 65 crore to Zomato's annual revenue

Air India, SIA expand codeshare agreement; add 40 int'l, 11 Indian cities

Subject to regulatory approvals, the codeshare flights will be progressively made available for sale through the airlines' respective booking channels

RInfra to invest Rs 10,000 crore in Maharashtra defence project

The new export-oriented project will be the largest greenfield defence initiative in India undertaken by a private sector company

Adani's Ambuja to acquire 46.8% stake in Orient Cement for Rs 8,100 cr

Adani pips Ultratech, makes open offer for CK Birla firm at Rs 395.40 a share

Ultratech, Ambuja Cements eye more cement sector assets for expansion

Ultratech found Orient Cement deal as expensive

Cement companies' valuation hits new peaks despite weak earnings

A continued slowdown in revenue growth and the recent contraction in profit have created an imbalance between cement companies' earnings fundamentals and market capitalisation

More than 140 systems integrated ahead of Air India-Vistara merger

At a select media briefing, he also said that 2.7 lakh reservations made by Vistara passengers have been moved to Air India, and more than 140 systems have been integrated

Nestle India CMD Suresh Narayanan sees mega cities as pressure points

Rising food inflation leading to sluggish FMCG demand

Gail India targets new long-term LNG supply deal before year-end: Report

Gail's contracted LNG volumes total about 15.5 million tons a year and include supplies from the US, Qatar and Australia, according to its annual report

Varun Beverages Q3 result: Profit rises 24% to Rs 620 cr on healthy demand

During the three months ending Sept. 30, its India volume growth came in at 5.7 per cent

Royal Enfield announces first manufacturing unit, showroom in Bangladesh

Facility will assemble four models of the Indian motorcycle maker