Page 621 - Company News

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

LIC has appointed Boston Consulting Group as a consultant

Apple, mobile devices charge up 22% growth in electronics exports

Apple's contribution to electronics exports has grown steadily over the years

Tata Power to scale up internal renewable energy component supply chain

Plans to manufacture key parts rather than buying them

PFC pays Rs 462 cr final dividend for 2023-24 to govt; BHEL pays Rs 55 cr

State-owned Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has paid a final dividend of Rs 55 crore for 2023-24 to the government.

Yum! Brands appoints Pewekar as MD for Pizza Hut in Indian subcontinent

Yum! Brands owns restaurant chains, including KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill

Nazara Tech to raise Rs 900 crore; ups stake in Absolute Sports to 91%

The fresh capital will fuel the firm's strategic acquisitions and business expansion, and provide newer growth opportunities, a company statement said

Amazon veteran Samir Kumar to replace Manish Tiwary as head of India ops

Kumar, who joined Amazon in 1999, was part of the original team that planned and launched Amazon.in (Amazon India) in 2013

RInfra pares debt by 87% to Rs 475 cr; clears dues with banks and ARCs

RInfra said, "Invent Assets Securitisation and Reconst­ruction Private has novated certain charged securities to recover its dues"

Zomato receives fresh GST demand, penalty order amounting to Rs 17.7 cr

The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon

ZEEL refutes $940 million Disney Star claim over ICC TV rights deal

Claim came as former failed to pay $1.4 bn within deadline

Best option is to double down on market strategy, says P&G India

On the PGHH call, Mrinalini Srinivasan, CFO, said that positive trends are finally emerging in the Indian fast-moving consumer goods (FMCG) industry, both in urban and rural areas

French wine & spirits maker Pernod Ricard raises India bar on premium play

Working to get back to Delhi market soon, says India CEO

India now largest market by volume, 2nd largest by value for Pernod Ricard

Now India contributes 12 per cent to the global revenue of Pernod Ricard. The US is the largest market for the French firm

Not paid GST, TDS, and PF dues of Rs 427 crore since 2020: SpiceJet

Airline files for Rs 3K cr QIP to partly clear liabilities

Godrej Capital to enter affordable housing loan segment by December

As part of its expansion, Godrej Capital will make its foray into the affordable housing loan market by the end of the year

RBI gives approval for Aditya Birla Finance's merger with parent

To move NCLT to complete amalgamation

State Bank of India raises Rs 7,500 cr at 7.33% via Tier-2 bond issuance

SBI has raised Rs 15,000 crore through Basel III-compliant Tier-2 bonds in the current financial year to bolster its deposit growth, which has lagged behind credit growth

Govt raises refund amounts cap for Sahara Group depositors to Rs 50,000

The government has so far released Rs 370 crore to more than 4.29 lakh depositors of Sahara Group of Cooperative Societies through the CRCS-Sahara refund portal

'Irreparable loss for all of us,' says EY India on death of 26-year-old CA

In a letter to EY India Chairman Anna Sebastian Perayil's mother said her daughter passed away due to excessive workload

AI Alliance adds 7 Indian members including Infosys, AI4Bharat & Sarvam AI

Founded in 2023, the group aims to promote open, safe, and responsible artificial intelligence practices globally