Page 614 - Company News

ADB retains India's economic growth forecast at 7% for FY24, 7.2% for FY25

Due to the government's efforts toward fiscal consolidation, central government debt is projected to decline from 58.2 per cent of GDP in FY2023 to 56.8 per cent in FY2024

Mindspace REIT to build 1 mn sq ft data centre campus in Navi Mumbai

The data centre will be developed at Mindspace Airoli West project in Navi Mumbai

I-T dept accuses Hinduja Global Solutions of Rs 2,500 crore tax evasion

Tax officials claim that Hinduja Global Solutions (HGS) merged with a loss-making company after selling its profitable healthcare division to avoid paying taxes

Mahindra & Mahindra and Skoda Volkswagen to sign joint venture soon

The JV will include sharing of costs, technologies, and vehicle platforms but will not include sedans, SUVs, and premium brands like Audi, Porsche, and Lamborghini sold by Volkswagen and Skoda

Probe into EY India office reveals it lacked labour welfare permit

The law caps the maximum working hours for adults at nine hours each day and 48 hours each week

Foxconn eyes $1 bn investment for smartphone display assembly in Tamil Nadu

Foxconn has acquired around 500,000 sq ft at the ESR Oragadam Industrial & Logistics Park, located next to its smartphone assembly plant near Chennai

Workers paid 1.8x of average industry salary in Sriperumbudur: Samsung

Striking workers demanding hike to Rs 36,000/mth over three years

Adani Energy Solutions, Green Energy join Utilities for Net Zero Alliance

Adani Green Energy Ltd (AGEL) and Adani Energy Solutions Ltd (AESL) have become the first in their respective segments in India to join this global alliance, the statement said

Warburg Pincus exits Cartrade Tech; sells 8.64% stake for Rs 375 crore

The shares were offloaded at an average price of Rs 920.30 apiece, taking the transaction value to Rs 375.16 crore

NCLAT directs Vadilal Enterprises, Vadilal Int'l to keep boards status quo

The dispute over the control of the family business is among VRG (Virendra Ramchandra Gandhi), RRG (Rajesh Ramchandra Gandhi) and DLG (Devanshu Laxmanbhai Gandhi)

Edtech company Byju's in default of $1.5 bn loan, affirms Delaware SC

Allows US lenders to take control of firm's American assets, primarily Byju Alpha

13 candidates in fray for PNB top job; FSIB may hold interviews next month

Among the contenders are two executive directors (EDs) from Bank of Baroda, one ED each from Union Bank of India, Indian Overseas Bank, and Canara Bank, and several deputy MDs from SBI

Sebi imposes Rs 9 lakh penalty on BGR Energy Systems for disclosure lapses

The company was required to upload the financial statements at least 21 days prior to the date of the annual general meeting called to consider accounts of the said financial year

India hub driving global AI innovation; new campus plans on track: SAP Labs

SAP Labs India is focusing on Custom AI and multi-agent AI technology to drive the next wave of business transformation for its customers, she said

Diljit Dosanjh concert ticket row: Zomato Live serves notice on Viagogo

BookMyShow files police complaint

Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD

This year, the company has increased the hiring of women in the blue collar workforce by 24 per cent compared to BBD 2023

TVS Holdings, 2 others get CCI clearance to buy stakes in Home Credit India

Home Credit India Finance is a local arm of the international consumer finance provider Home Credit NV with operations spanning Europe and Asia

BSNL's market share gain from lower tariffs unlikely to impact Airtel, Jio

Analysts believe market share gains by Reliance Jio and Bharti Airtel will continue

SC rejects Amit Goenka's plea against KPMG as auditor in Shirpur Gold case

The bench consisting of Justice Hrishikesh Roy said they found no infirmity with the Bombay High Court order of August 14, which had dismissed Goenka's plea

NBCC moves SC to complete stalled projects of realty major Supertech Ltd

The NBCC, in its recent application before the National Company Law Appellate Tribunal (NCLAT), had submitted terms of reference for undertaking the pending projects of Supertech Ltd