Page 617 - Company News

AstraZeneca's experimental drug disappoints in breast cancer survival trial

The overall survival, or OS rates, in the TROPION-Breast01 Phase III trial of datopotamab deruxtecan (Dato-DXd), did not achieve statistical significance

Citigroup's China expansion plans face delays over pending US Fed clearance

Citigroup was told to address its data management issues in the US after being fined $136 million in July which has added complications in meeting China's licensing requirements

Amid Bangladesh turmoil, Adani eyes Indian power grid to link Godda plant

Adani Power's Jharkhand plant, which sells its entire output to Bangladesh, is exploring selling power in India. This comes amid reports that Bangladesh may review its pact with the company

Inox Wind secures Rs 2,200 cr financing deal with ICICI Bank-led consortium

This limit is likely to be enhanced further to Rs 2,400 crore as per the working capital assessment done by the lead bank

SpiceJet raises Rs 3,000 crore through QIP, to receive additional Rs 736 cr

The newly raised capital will be used to operationalise grounded aircraft, acquire new planes, invest in technology, and expand into new markets, the airline said

Tata Sons' Rs 1,500 crore GST demand dismissed in Docomo settlement case

The case originated in 2019, when the Directorate General of GST Intelligence (DGGI) imposed an 18 per cent GST on the $1.27 billion paid by Tata Sons to Docomo in 2017

Apollo Global proposes $5 billion investment in troubled chipmaker Intel

Apollo Global management's proposed investment signals confidence in Intel's turnaround, as the chipmaker struggles with costly transformation efforts

Vodafone Idea rings in $3.6 billion gear deal with global vendors

Marking Vi's first-ever tie-up with Samsung, new deal part of $6.6 bn capex plan

No new EV facility planned beyond Chakan plant: Mahindra & Mahindra

Company will roll out Born EVs from Chakan plant by 2025

Adani Energy Solutions valued at $18.5 bn; revenue to grow 20% over 3 years

AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business

Tupperware boxed in by stiff competition, changing preferences in India

The company, which started in the US in the early 1940s and later set foot in India almost 30 years ago, has seen its sales slowly dwindle, and in FY23, its bottom line was in the red

Bajaj now third most valued finance group; overtakes State Bank of India

Bajaj Housing Finance, which more than doubled on listing day, added Rs 1.36 trillion to the group's mcap

HFCL to supply critical sub-systems of drones for General Atomics ASI

The company's subsidiary, Raddef, has been developing portable and deployable advanced radar and radio frequency (wireless) solutions across various terrains

Star Health data leak 'huge problem': Experts warn after info leak

According to media reports, the hacker created Telegram bots to access data of 31,216,953 customers updated until July 2024, and 5,758,425 claims from the company available until early August

Centre probing Netflix for visa violations, racial bias, shows email

The details of India's investigation were included in a July 20 email, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs

Proxy advisory firm InGovern raises concern over Religare AGM delay

Certain institutional investors have expressed their discontent, suggesting that it may be a strategy to avoid a vote on Saluja's reappointment, the report added

DreamFolks asserts contract validity amid lounge access disruption

AAHL has allowed lounges at Adani-operated airports to accept all major debit and credit cards from other access providers

Villa rental firm StayVista aims for 2028 IPO; eyes revenue of Rs 600 cr

Damani plans to capitalise on this growth by solidifying their presence in the largest markets and venturing into new domestic geographies

NCLAT junks plea of Liberty Shoes' former CEO seeking ease of norms

He was removed as an executive director of Liberty Shoes on September 30, 2023 and ceased to be the chief executive officer (CEO) of the company

Airport lounge access disrupted after Dreamfolks suspends services: AAHL

AAHL operates seven airports in the country -- Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram and Mangaluru