Page 662 - Company News

Vedanta board approves 3rd dividend of Rs 7,821 cr for Rs 20 per share

The steady flow of dividends and appreciation in capital for investors has helped in generating a five-year total shareholding return and dividend yield of 276 per cent and 65 per cent, respectively

Adani Green approves pacts for TotalEnergies' $444 mn investment in JV

This comes after the company and the French oil major had inked a $300 million deal to build renewable capacity in India, where the bulk of energy requirements are still met by coal

Maruti to drive deep into small towns via Arena Satellite showrooms

The company will now have Arena and Nexa showrooms, besides Nexa Studio and Arena Satellites

FSIB recommends Rama Mohan Rao Amara for Managing Director of SBI

He will fill the vacancy created due to elevation of C S Setty as chairman of the country's largest lender

Tata-owned Air India to soon provide Wi-Fi facilities on board flights

The Tata Group-owned airline, which has embarked on an ambitious transformation journey, on Sunday commenced services between Delhi and London Heathrow with the A350-900 plane

Flex spaces record their highest contribution to office leasing in India

In the last five years, the total footprint of flex space operators in India has doubled owing to high demand as well as supply, according to Cushman & Wakefield

Tata Motors launches new Curvv SUV Coupe; priced at Rs 9.99 lakh

With its introductory pricing set to attract a wide range of consumers, the Tata Curvv will challenge established players like Hyundai Creta and Kia Seltos in the mid-SUV segment

Philips appoints Bharath Sesha as new managing director for India

At Philips, Bharath Sesha succeeds Daniel Mazon, who has moved to a global role at Philips headquarters in the Netherlands

TikTok parent ByteDance eyes $9.5 bn in record Asia dollar corporate loan

ByteDance's facility is larger than the earlier-anticipated size - an indication that the borrower is eager to take advantage of Asia's loan market, which is flush with liquidity amid dismal deal flow

Govt receives about Rs 2,413 cr as dividend tranche from BPCL: Dipam secy

In the current financial year 2024-25 so far, Rs 15,389.14 crore has been received through dividends from the CPSEs

Govt approves Kaynes' Rs 3,307 cr semiconductor unit at Gujarat's Sanand

Announcing the decisions of the Union Cabinet, IT Minister Ashwini Vaishnaw noted that a complete semiconductor ecosystem is coming up in India

SC issues notice to HP on Adani Power's plea seeking Rs 280 cr refund

On July 18, a division bench of the high court had overturned the decision of a single bench to return the amount of Rs 280 crore to Adani Power

Concor to resume coastal cargo transport, enhance last-mile connectivity

Concor had initially launched coastal shipping services in January 2019 but the services were halted in 2020 due to the Covid-19 outbreak

Omaxe Group to invest Rs 2,500 cr to build 50-acre complex in Delhi

The company will build a cricket-cum-football stadium of global standards apart from indoor games facilities

Adani Wilmar eyes FMCG expansion, sets aside $1 billion for 3 acquisitions

Adani Wilmar is planning to purchase at least three brands specialising in spices, ready-to-cook foods, and packaged edibles

Adani Energy acquires Khavda project entailing Rs 4,091 cr investment

Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT basis

E-commerce major Meesho appoints Mohit Rajani as chief product officer

Meesho has distinguished itself from its peers by becoming a prominent choice among the younger generation, with one in every three users under the age of 25.

Maruti Suzuki cuts price of select Alto K10 & S-Presso modes; details

Maruti Suzuki reported a nearly 3.9 per cent decline in sales for August 2024, with 181,782 units sold compared to 189,082 units in August 2023

M3M India, Oravel sign pact to launch 'SUNDAY' branded hotel in Gurugram

The initiative is part of a larger partnership to develop luxurious hospitality space across multiple destinations in Gurugram and Noida

Apple set for music, TV streaming fight in India after deal with Airtel

India, Apple Music will become available to premium users of Airtel's Wynk music app, which will eventually close