Page 655 - Company News

Maruti Suzuki total sales dip 4% year-on-year to 181,782 units in August

Total domestic passenger vehicle wholesales were at 143,075 units last month as compared with 156,114 units in the year-ago month, a dip of 8 per cent

Toyota posts 35% YoY rise in total wholesale at 30,879 units in Aug

Interestingly, this trend is not limited to major urban centres but extends to tier-2 and tier-3 markets as well, demonstrating widespread customer acceptance for TKM offerings, Manohar said

SM Vaidya steps down as Indian Oil Corp's chairman as tenure ends

"A chemical engineer with over 37 years of experience, Vaidya has been a pivotal force in steering IndianOil to unprecedented heights," the company said in a statement

NBCC approves 1:2 bonus share issue, allocates Rs 90 crore for it

In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of record date

India unit actively engaging with tax authorities: British insurer Aviva

Aviva's India business paid about $26 million to entities who purportedly provided marketing and training services, but they did not perform any work

BLS International acquires 51% stake in SLW Media for Rs 80.24 lakh

The company has entered into a definitive share purchase agreement to acquire a 51 per cent stake in SLW Media for a value of Rs 80.24 lakh, SLW Media said in a statement

IBM to revoke ops from China amid tussle between Washington-Beijing: Report

The current shift in IBM's business structure is reportedly due to the rising tensions between China and the US along with an ongoing decline in the Chinese economy

Dantewada administration imposes Rs 1,620.5 cr fine on NMDC for violations

NMDC has termed the move completely inappropriate and claimed the penalty was imposed solely and blindly without considering the facts

LT Foods strengthens RTC, organic product lines for double-digit growth

The main markets for the company's organic range are Europe and America, which account for 85% of the brand's sales

FMCG major Emami to acquire remaining 49.6% stake in 'The Man Company'

Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding

Goldman Sachs to lay off up to 1,800 employees amid annual review process

Goldman Sachs' annual review process has historically resulted in workforce reductions of 2 to 7%, depending on financial performance and market conditions

Anatomy of Reliance-Disney merger: What are the strategies and challenges?

The Rs 23,000 crore (revenues FY24) venture, announced in February, was cleared by the Competition Commission of India this week

Cabinet clears SIA's investment in Air India; Vistara to sunset on Nov 11

Vistara will maintain its aircraft, schedule, operating crew under its brand name until early 2025

ONGC Videsh in talks with Russia, US to regain control of projects

Sought special licence from US for Venezuela operations, rouble payments to Russia for Sakhalin

Competition for deposits but no rate war, says SBI chief C S Setty

SBI is aiming to get 90 per cent of its retail unsecured loans from the digital channels, going forward, Setty said

NCLT approves merger of Reliance-owned Viacom18 Media with Star India

Approving it, the NCLT observed: "From the material on record, the Scheme appears to be fair and reasonable and is not violative of any provisions of law and is not contrary to public policy"

UK insurer Aviva conspired to dodge India compensation & tax rules: DGGI

In an attempt to grow operations, Aviva's India business paid about $26 million between 2017 and 2023 to entities who purportedly provided marketing and training services

Adani Ports acquires 80% stake in Astro Offshore for Rs 1,551 crore

Astro Offshore is a leading global OSV operator in the Middle East, India, Far East Asia, and Africa

FM Nirmala Sitharaman approves 'Navratna' status for four CPSEs

The Department of Public Enterprises (DPE) in its statement said that Rail Ministry India CPSE had an annual turnover of Rs 2,622 crore and a net profit of Rs 246 crore for FY 2023-24

LIC ordered to pay Rs 50 lakh to Covid policy premium payer's family

The commission fined LIC Rs 50 lakh for violating its own guidelines, which require policy issuance within 15 days of receiving premium payment