Page 673 - Company News

Reliance Retail eyes 2x rise in biz, luxe jewellery foray: Isha Ambani

Firm's grocery business is one of the fastest-growing, says Isha Ambani

Tencent sells 2.1% stake in PB Fintech for Rs 1,668 cr; SBI MF, SocGen pick

Tencent Cloud Europe BV, an affiliate of Shenzhen-based technology multinational Tencent, offloaded 97 lakh shares in 15 tranches, amounting to a 2.13 per cent stake in PB Fintech

Cash crisis: SpiceJet puts 150 cabin crew on furlough for 3 months

The airline, which has been making losses for the last six years, has been finding it difficult to pay employee salaries, sources mentioned

Reliance Industries to consider bonus issue of shares, a first in 7 years

Aims to be among world's top 30 firms; silent on listing of retail, telecom units

RIL boosts shares to record, Nifty logs longest gaining streak in 17 yrs

The NSE Nifty 50 and the S&P BSE Sensex both rose about 0.6% to hit all-time highs, before trimming some gains to settle up 0.4% at record closing levels

IndiGo cofounder Gangwal sells $1.3 bn worth stake near record high

Gangwal has a fortune of $6.9 billion after adding $1.8 billion this year, according to the Bloomberg Billionaires Index, with one-third of that move coming in the past 10 days alone

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

GE Power India announces appointment of Puneet Bhatla as new MD from Sep

Puneet is no longer falling under the definition of "senior management" as per listing regulations.

LIC receives demand notice of Rs 605.58 cr for short payment of GST

The corporation has received a communication/demand order for interest and penalty for Maharashtra, LIC said in a regulatory filing

Hyundai plots SUV rollout in India as local competition mounts ahead of IPO

The SUV rollout will begin with its first India-made electric vehicle early next year

SaaS major Zoho forays into fintech space, launches Zoho Payments

According to the ministry of finance data, digital payment transactions volume reached a staggering Rs 11,660 crore in 2023 from Rs 3,134 crores in 2018-19

Govt receives Rs 5,091 cr from Indian oil corp as dividend tranche

During the current financial year 2024-25, so far Rs 10,604.74 crore has been obtained through dividend from the CPSEs

NHPC secures shareholders nod to hike borrowing limit to Rs 50,000 cr

he tentative debt requirement for both ongoing projects and new projects up to FY 2032-33 as per CAPEX requirements will be approx Rs 80,000 crore

Infosys, Nvidia expand ties to develop GenAI-powered solutions for telcos

The IT major has developed three generative AI solutions powered by its AI-offering Topaz, which make use of NVIDIA NIM inference microservices

SBI working on new version of digital banking platform: Dinesh Khara

He also said that a banker should always keep risks in mind, even though people tend to ignore the risk but that shouldn't happen

NBCC sells commercial properties worth Rs 14,800 cr in Delhi on govt behalf

In a regulatory filing, the company said it has completely sold office space inventory at World Trade Center (WTC) project in Nauroji Nagar

DGCA puts SpiceJet under enhanced surveillance, to increase spot checks

Based on reports of cancellation of flights and financial stress being experienced by SpiceJet, DGCA said it conducted a special audit of the airline's engineering facilities on August 7 and 8

Ashok Leyland unveils GARUD 15M bus chassis, commercial launch in Q4FY25

The Hinduja Group flagship company unveiled the chassis at the event organised by Bus & Car Operators Confederation of India (BOCI)

Eicher launches programme to incentivise customers scrapping old vehicles

Under the terms of the scheme, buyers of new vehicles holding a valid 'Certificate of Deposit' from any recognised scrappage center can receive incentives ranging between 1.25 per cent to 3 per cent

Drug companies move Delhi HC seeking interim relief against FDC ban

The Union Ministry of Health and Family Welfare had on August 22 issued notification banning the 156 FDC medicines saying they had no therapeutic benefits