Page 663 - Company News

Godrej Properties wins bid for 2 plots in Gurugram, eyes Rs 3400 cr revenue

Godrej Properties informed that it has emerged as the highest bidder and has secured the Letter of Intent to develop two group housing plots at premium locations in Gurugram

Why Sebi is facing criticism over ICICI Securities, ICICI Bank merger

Facing an unprecedented attack on its credibility, the last thing that the SEBI would want is to give the impression that while all M&A is equal, some transactions are more equal than others

Godrej Properties tops among 21 realty cos with Q1 sales worth Rs 35k cr

According to the data compiled from regulatory filings, India's 21 major listed realty firms have reported combined sale bookings of Rs 34,927.5 crore in the first quarter of 2024-25 fiscal

PVR INOX to close 70 non-performing screens in FY25 in Mumbai, Vadodara

Though the company will add 120 new screens in FY25, it will also close almost 6070 non-performing screens, as it chases for profitable growth

Biocon subsidiary gets USFDA nod for generic drug for chronic heart failure

Sacubitril and valsartan combination is used to treat chronic heart failure in adults to help reduce the risk of death and hospitalisation

Raymond receiving large number of biz inquiries after B'desh crisis: CMD

Raymond, which has invested in its garmenting facility to become the third largest suit maker in the world, is ready to take advantage from the current situation, Singhania told PTI

Ramkrishna Forgings seeks 20% exports growth as Mexico unit comes up

Company last year acquired three companies as it ramps up production capacity

Schneider looks to raise India's share in industrial automation biz to 25%

In 2020, Schneider Electric completed the purchase of Larsen & Toubro's switchgear business which was acquired by Schneider Electric in 2020

Tata Consumer Products completes merger of three subsidiaries in India

This merger is in line with the company's focus on simplifying and streamlining the business and this consolidation of legal entity structure will unlock efficiencies and synergies, a release added

Hero MotoCorp sales rise 5% to 512,360 units, decline for Hyundai in Aug

August sales were marginally impacted by supply shortages, which will be made up in September, Hero MotoCorp added in its release

RCap lenders accuse IIHL of using delaying tactics, firm denies allegations

Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as a successful bidder for acquisition of Reliance Capital

V Satish Kumar given additional charge, takes over as IOC chairman

With a career spanning 35 years, Kumar has served in various regions across the country and held key positions, leading IOC's efforts to maintain its leadership in the marketing of petroleum products

TVS Motor sales up 13% in Aug at 391,588 units; exports grow by 13%

TVS Motor Company on Sunday said its total sales increased 13 per cent year-on-year to 391,588 units in August as compared with the same month last year.

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