Page 660 - Company News

CK Birla group firm Birla Fertility & IVF to invest Rs 500 cr in 2-3 yrs

Birla Fertility & IVF, which is the third largest fertility chain, plans to extend its presence in the southern region by establishing 10-12 new centres across Karnataka, Tamil Nadu, Kerala

Swiggy ropes in former Flipkart executive Amitesh Jha as Instamart CEO

Reshuffle of the top deck comes ahead of food delivery major's IPO

Suraksha Group earmarks 2,552 acre of land for Jaypee Infratech lenders

In its resolution plan, which was approved by the National Company Law Tribunal (NCLT) in March last year, Suraksha Group has offered bankers more than 2,500 acre of land

Edtech firm ODA Class raises $500K from Singapore, China-based investors

With this fresh funding round, the edtech firm has raised $12.75 million (about Rs 106 crore) from investors

JSW Neo Energy bags additional 400 MW wind-solar hybrid project from MSEDCL

Subsequent to this, the cumulative capacity allotted to JSW Neo under Phase- III (of MSEDCL) stood at 600 MW, a company statement said

Godfrey Phillips faces crisis over leadership dispute and board changes

Samir Modi says he would be willing to sell Godfrey Phillips if it could end the family feud arisen since the death of KK Modi in 2019

DGCA suspends approval for flying training firm Alchemist Aviation

The move comes less than two weeks after the organisation's trainee aircraft was involved in the fatal accident

Godrej Enterprises plans to invest Rs 4,000 crore in expansion, real estate

Executive Director Nyrika Holkar said the new investment aims to enhance the scalability of GEG's diverse businesses and refine its organisational culture to focus on agility and performance

Biocon Biologics secures deal with Janssen to launch biosimilar Bmab 1200

Agreement clears way for Indian company to launch treatment in Europe, Canada and other markets

IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees

The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers

Biocon inks pact with Janssen to commercialise biosimilar products in Japan

As per the terms of the settlement agreement, Biocon Biologics has resolved patent disputes with Janssen to secure market entry dates in Europe, the UK, Canada, and Japan, the company said

Satish Vadugiri named interim chairmen for IOC, Rajneesh Narang for HPCL

With government headhunter PESB not finding anyone suitable, three-member search-cum-selection committees are looking for heads at both IOC and HPCL

Chhattisgarh-based SECL speeds up process for employment to landowners

In 2022-23, the company provided employment to 704 landowners, while in the previous financial year, 707 landowners were provided jobs, which is the highest figure in the last 10 years

IIHL concerned over GST liability for RCap resolution plan implementation

The NCLT on February 27, 2024, approved IIHL's Rs 9,650-crore resolution plan for Reliance Capital

Moody's maintains stable outlook for Tata Steel, expects improved earnings

In a report, Moody's said it expects Tata Steel's consolidated Ebitda to be around Rs 290 billion in fiscal ending March 2025 and Rs 380 billion in fiscal 2026, from Rs 241 billion in 2023-24

Vedanta board to meet next week to consider third interim dividend

Vedanta Ltd had in July approved a second interim dividend of Rs 4 per share for the current fiscal year

Union Bank freezes accounts of telecom firm MTNL over non-payment of dues

Union Bank of India informed the company on August 21 about freezing of all its accounts over non-payment of loans, debt-ridden MTNL said

Unlocking shareholder value through demergers, boosting profitability

Demerger strategies enable businesses to focus, grow, and boost investor returns

Vodafone Idea asked to pay Rs 15.19 cr GST along with Rs 1.51 cr penalty

The company received the order on August 28 alleging "availment of ineligible input tax credit for FY 2019-20 and 2020-21"

BharatPe launches UPI offering, taps into consumer payments segment

With this, there are now two apps available in the public domain: BharatPe (earlier postpe), and BharatPe for Business