Page 666 - Company News

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

NTPC receives shareholders' approval to raise up to Rs 12,000 crore

"All resolutions proposed at the 48th Annual General Meeting were passed with requisite majority," the company said in a BSE filing

Rakesh Gangwal, family trust sells 5.83% stake in IndiGo for Rs 10,500 cr

In two separate regulatory filings, Rakesh Gangwal sold 22.50 lakh shares of InterGlobe Aviation and the Chinkerpoo Family Trust disposed of more than 2.02 crore scrips of the airline

Google Pay launches UPI Circle, other features at Global Fintech Fest 2024

UPI Circle on Google Pay is a feature designed to help users make digital payments without needing to link their own bank account

HC asks for Centre's stand on plea over 'misbranding' of Patanjali product

The law does not mandate declaration of a 'drug' as vegetarian or non-vegetarian but the packaging of 'Divya Dant Manjan' wrongly carries a 'green dot', which qualifies as 'misbranding'

StartupTN got funding of Rs 80 cr, formed partnerships with 200 VCs: CEO

StartupTN aims to nurture a vibrant startup ecosystem in the state to encourage innovation and entrepreneurship-driven employment and economic growth

RBI imposes penalty of Rs 2.68 cr on UCO Bank violation of provisions

The RBI has also imposed a penalty of Rs 2.1 lakh on Cent Bank Home Finance Ltd for non-compliance

Shriram Properties to focus on mid-segments; eyes doubling annual sales

Executive Director and Group CEO Gopalakrishnan noted that his company turned profitable last financial year and reported a profit of Rs 75 crore

Sebi approves IIHL's acquisition of PMS business unit of Invesco AMC

The Competition Commission of India (CCI) has already granted its consent to IIHL for acquiring 60 per cent shareholding in each of InvescoAsset Management (India) Pvt Ltd and Invesco Trustee Pvt Ltd

Adani Ports to acquire 80% stake in Astro Offshore for $185 million

The company in a statement said the existing promoters of Astro will hold the remaining 20 per cent stake

ED attaches Rs 834 cr land of Emaar India, MGF Developments under PMLA

The attached properties, spanning 401.65 acres in Gurugram and Delhi, are linked to an ongoing investigation into fraudulent land acquisitions

Zydus Lifesciences gets USFDA nod to mkt Scopolamine transdermal system

The Scopolamine transdermal system will be produced at the group's transdermal manufacturing site at SEZ, Matoda, Ahmedabad, it added