Page 679 - Company News

No hybrid, our focus remains on petrol and electric: Audi India Head

Audi India sold 7,027 units in 2023-24, recording a 33 per cent year-on-year growth. In 2022-23, Audi India had sold 5,275 units. However, the company is facing challenges due to supply chain issues

Here's why Hindenburg 2.0 requires a different response from India

Supreme Court in New Delhi should consider bringing back the committee it had set up last year after the New York-based short seller's original report

Bain Capital-backed 360 One raises $500 million for secondary fund

Nearly 90 per cent of the capital raised for the new fund was from local family offices and high net worth individuals

Disney-Reliance offer concessions for merger, but no cricket rights sale

Reliance-Disney are aiming to create India's biggest entertainment player which will compete with Sony, Netflix and Amazon

Bajaj Auto gets DVA certificate for all 15 electric vehicle models

Most companies still have DVA certificates pending or under review by MHI

Govt open to resolve $3.9 billion tax dispute with Infosys, says report

Authorities are exploring options to settle with companies including Infosys, which last month got hit by a demand for Rs 32,403 crore ($3.9 billion) in back taxes dating back to 2017

Chennai design engine powers automotive giant Ford's global successes

Ford Business Solutions in the city behind popular models, such as F-Series, Explorer, Transit, and Ranger

Adani family to sell around 3% stake in Ambuja Cements on Friday

Plans to raise up to Rs 4,197 cr via block deals

Cricket likely to play spoilsport in Walt Disney-Reliance merger

Will the creation of India's largest media firm help fight the tech-media majors or simply birth a new monopoly?

Home Minister Shah receives Rs 19.08 crore dividend from Repco Bank

Shah congratulated the Repco Bank on achieving the remarkable feat of registering a stellar 11-per cent growth rate in the financial year 2023-24

Hindalco expansion plan entails $10 billion investment, says KM Birla

Exploring copper smelter expansion in Gujarat

Adani Power gets approval to acquire Lanco Amarkantak Power for Rs 4,101 cr

LAPL is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, a BSE filing said

Power Grid acquires two project special purpose vehicles from PFCCL

The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said

JN Port to scale up handling capacity to over 10 mn TEUs by April

To be built as an all-weather port, the greenfield deep draft mega port will come up at an investment of Rs 76,200 crore

Fashion retailer Trent shares jumps over 3% ahead of Nifty rejig

Trent's addition to Nifty will take the total count of Tata group stocks in the 50-share index to six

Look beyond surrender value rules as growth healthy for life insurers

There is some post-Q1FY25 guidance on growth and margins as follows: HDFC Life targets doubling VNB in four years and hopes to outpace the industry in retail APE (annual premium equivalent) growth

Rockwool to set up biggest India factory in Tamil Nadu; to invest Rs 550 cr

Rockwool reported revenues of Euro 3.6 billion and has a presence in 40 countries worldwide

InvestorAi raises Rs 80 cr in funding from Ashish Kacholia, associates

Founded in 2018, InvestorAi is an AI-powered equity investment platform that uses advanced AI to power stock recommendations for investors

Exchanges impose fines on Hindustan Zinc, others for violating norms

Direct-to-Home operator Dish TV has also been fined Rs 12.74 lakh by BSE and NSE for lack of quorum on its board, according to a regulatory filing by the company

PSUs set to issue long term bonds worth Rs 5,000 cr to meet investor demand

None of the companies replied to Reuters emails seeking comments. The merchant bankers did not want to be named because they are not authorized to talk to media