Page 583 - Company News

Major shakeup at Disney: New chair named, CEO replacement coming soon

Disney is navigating major changes in entertainment as streaming, led by Disney+ turning profitable, thrives, while the movie industry faces a downturn

Meet Avira & Vir: JSW MG Motor's new AI chatbots revolutionising car buying

JSW MG Motor India claims to be the first automotive company in India to launch two AI-powered chatbots, which are designed to enhance customer interaction and service

Hyundai Motor India's shares decline 6% in debut after record IPO

The debut may set the tone for a string of other billion-dollar-plus deals coming to the market in India

In the news again, British daily Financial Times eyes Indian market

In its latest coming, FT focuses to get new readers and revenues in India; has a pool of 1.8 million users

CL Educate plans global expansion after NSEIT's DEX business buy

Post this acquisition, it will enter the digital assessment market, which is projected to touch over Rs 13,000 crore in India by 2028

Poonawalla's bold script: 50% stake buy in Dharma for Rs 1,000 crore

Karan Johar to retain remaining 50% ownership

Navi Finserv cancels Rs 100 cr bond issuance plan after RBI action

The central bank had last week barred the NBFC from sanctioning and disbursing additional loans for charging exorbitant interest rates

CD&R makes Rs 2,983 cr offer for 26% stake in Sanofi Consumer Healthcare

The development follows Sanofi and Clayton, Dubilier & Rice (CD&R) entering into exclusive negotiations whereby CD&R Group has agreed to acquire a controlling stake in Opella

Emaar India to invest Rs 2,000 crore in Mumbai Metropolitan Region market

The company's first project in the state will soon be launched in Alibag, with an estimated revenue potential of about Rs 700 crore

Resolved 99.1% of the 10,644 complaints received from CCPA: Ola Electric

The CCPA had issued a show-cause notice demanding an explanation for the handling of thousands of consumer complaints regarding service deficiencies, and providing 15 days to respond

Raymond Lifestyle stock jumps 4% after Motilal Oswal's 'buy' rating

Revenue, profit to grow 11%, 15% CAGR between FY24 and FY27, says the brokerage

Disney to announce next CEO in early 2026, names James Gorman as new chair

Gorman will become chairman on January 2, 2025. He will succeed Mark Parker, who is leaving after serving on Disney's board for nine years

Tata Steel UK inks contract for electric furnace in green steelmaking drive

Indian steel major's pact last week with Tenova for its Port Talbot site in Wales, the UK's largest steelworks, has been described as a significant milestone on the road to reducing carbon emissions

Emaar India to invest Rs 2,000 crore in Mumbai region in 6-7 years

The group, known for projects like Burj Khalifa, has stayed away from the Mumbai Metropolitan Region (MMR) despite being present in India for nearly two decades

KBC Global raises around Rs 100 cr from Falcone Peak Fund, Patanjali Food

The company raised around Rs 99.50 crore through an issue of 45.23 crore warrants on a preferential basis to investors

IDBI Bank to offload MEP Infrastructure Developers' stressed loan exposure

Toll road operator is under insolvency resolution regime

CG Power Q2 FY25 results: Net profit declines 10% to Rs 220 crore

CG Power and Industrial Solutions on Monday reported a nearly 10 per cent decline in its consolidated profit after tax to Rs 220 crore for three months ended September 2024.

Indel Money to raise up to Rs 150 cr via NCDs to fund growth plans

The issue, which is open from October 21 to November 4, has an option of early closure in case of early over-subscription, Indel Money said in a statement

Tata Motors receives order for 1000 diesel bus chassis from UPSRTC

This contract follows a previous order from UPSRTC for 1,350 bus chassis, which are currently operational across Uttar Pradesh

Passion over profit drives Zepto's $5 bn success, says founder Palicha

Speaking at NDTV World Summit, 22-year-old entrepreneur said that despite working 80-100 hours a week, the Zepto team is fuelled by excitement about the platform they are building, not financial gain