Page 646 - Company News

SC directs Sahara to deposit Rs 1,000 cr, allows JV to develop Mumbai land

Pointing out that Sahara Group is in "deep trouble" for not complying with the apex court's order since 2012, the bench said the joint venture or development agreements will be subject to approval

Appreciate Centre's 'clear stand and focus' towards electric cars: Mercedes

The German firm launched its top-end Maybach EQS 680 SUV, the first electric Maybach car to be launched in India

No bar on Bina Modi to vote at Godfrey Phillips AGM: Delhi High Court

The court directed Bina Modi to file an affidavit on the remuneration and benefits she received as MD of the company

Adani Group in talks with global banks to sell $1.5 billion of dollar bonds

Proceeds would be used to refinance project debt, according to people familiar with the plans, who requested anonymity to discuss private details

Banks facing challenge in getting cyber security talent: SBI chairman

He said SBI has been able to create resilience in the system. While ensuring this, the country's largest lender had to ensure an improved customer experience against the backdrop of legacy systems

Max Financial Services' promoter sells 3.18% stake for Rs 1,218 cr

According to the bulk deal data available on the National Stock Exchange (NSE), Max Ventures Investment Holdings sold a total of 11,000,000 shares amounting to a 3.18 per cent stake

Ultra Media announces Rs 500 cr investment, launches 2 OTT platforms

As part of the growth strategy, the content production and distribution group launched two new over-the-top (OTT) platforms, Ultra Play and Ultra Gaane, the company said in a statement

Sanlam eyes India wealth management after BlackRock, Jio join contest

Insurer plans to build out its partnership with Shriram Capital Group in India by adding an equal joint venture covering wealth and advice services, doubling down on an initial 2005 investment

SBI focuses on JanDhan, trusts, societies to mobilise incremental deposits

SBI is using wealth banking to focus on a segment which is below affluent class but above the normal account holders

Amazon set to exceed $13 billion in Indian exports by end of 2024

This puts the company in a comfortable position to achieve its target of crossing $20 billion in exports from India to the rest of the world by 2025

India has potential to be in top five markets for Maybach brand: Mercedes

Stating that Mercedes-Benz is leading the charge in luxury electric mobility, it said the company's Battery Electric Vehicle (BEV) portfolio in country is witnessing steady growth and increased sales

Adani Group plans Rs 40K cr fundraise from retail, HNI investors via NCDs

Adani group's recent corporate filings show that as of March 31, 2024, domestic lenders had an exposure of Rs 88,100 crore to various Adani Group entities through long-term and working capital loans

Meesho hires 850k staff before festivals, mostly from tier-3, tier 4 cities

This marks a 70 per cent increase from its seasonal hiring last year, according to a company statement

'Will shut your business': Delhi HC issues contempt notice to Wikipedia

Delhi HC issued contempt notice to Wikipedia for not disclosing users behind alleged defamatory edits on news agency ANI's page. The court also warned of shutting down Wikipedia's operations in India

Wells Fargo launches 'Transgender persons hiring' in India for diversity

The programme aims to provide employability skills training and professional development for transgender talent, Wells Fargo said in a statement

Freight rates rise as India-Bangladesh trade gathers pace: Shriram Mobility

The festive season's approach, coupled with increased post-election activities, has significantly driven demand across various transportation routes

Gen AI boosting productivity of Indian IT industry's rising niche: TCS exec

Generative AI has taken centre stage in the space and clients are replanning budgets and product features, Chakravarti said

Malabar Gold plans to launch 20 new showrooms in India, abroad in October

The company will open three new showrooms in Uttar Pradesh, while two each in Delhi, Maharashtra, Karnataka, and Rajasthan and one new showroom each in Odisha, Telangana, West Bengal and Punjab

Travel agency Easy Trip Planners to make electric buses; shares jump 14%

This move aligns with our growth plans to expand the non-air business and will help us establish a strong foothold in the growing EV and eMobility sector, said Rikant Pittie, EaseMyTrip's co-founder

Data InvIT raises nearly $1 bn in rare bond deal to fund ATC India purchase

Canada's Brookfield Asset Management had said at the start of the year that it would buy ATC's India operations, ATC Telecom Infrastructure, for $2.5 billion via the trust