Page 708 - Company News

Tamilnad Mercantile Bank submits fresh names for MD, CEO post to RBI

At present, around 93 per cent of its business comes from the retail, agriculture, and micro, small and medium enterprise (MSME) sectors

Acquisition of BSV to aid future growth of Mankind Pharma: V-C Juneja

On July 25, Mankind had announced that it will fully acquire Bharat Serums and Vaccines (BSV) from Advent International for an enterprise value of around Rs 13,630 crore

Omkara ARC to buy Rs 6K cr NPA book of Stressed Asset Stabilisation Fund

After the revision in reserve price, NARCL and Omkara ARC put in binding bids to acquire the portfolio of NPAs, and subsequently, an auction was conducted to determine the winning bidder

Zomato collected Rs 83 crore in platform fee from customers till March

Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27 per cent year-on-year to Rs 7,792 crore in FY24

INQ Holdings, SBI funds, Citigroup big buyers in Adani Energy's $1 bn QIP

Billionaire Stanley Druckenmiller's family office-led investment firms were among the companies that sought shares of AESL in the QIP

Hinduja group did not deposit funds for RCap acquisition: Administrator

No default by us, says IIHL

Lenders vote to liquidate defunct airline Go First due to low bids

A senior executive of a private bank, which has a small exposure to the airline, said voting for the proposal is through and the airline will be recommended for liquidation soon

Awaiting policy on hybrids, green tech: Maruti Chairman R C Bhargava

Japanese giants like Maruti Suzuki and Toyota are pushing for tax cuts on hybrids, arguing that electric vehicles (EVs) alone can't carry the emissions reduction load

Cheap Chinese imports hurting domestic market: Tata Steel's T V Narendran

Tata Steel MD and CEO warned that low-priced Chinese steel may impact Indian cos capex plans

Bharat Coking Coal pays first-ever Rs 44 crore dividend to Coal India

This milestone follows BCCL's achievement of clearing its accumulated losses and reporting a net profit of Rs 1,564 crore for the financial year 2023-24

Amara Raja Energy Q1 FY25 results: Net profit up 26% at Rs 249 crore

It had reported a net profit of Rs 198.31 crore for April-June period of 2023-24, the company said in an exchange filing on Saturday

ShareChat raises Rs 134 crore from Singapore-based EDBI; lays off 5% staff

In April this year, ShareChat raised $ 49 million via convertible debentures in the funding round led by existing investors

The House of Abhinandan Lodha to invest Rs 1,800 crore, says chairman

Lodha said the company's journey has been "quite tremendous" over the past three years with launch of around 650 acres of housing plots and delivery of 150 acres

Emami's 45% top-line comes from acquired brands, non-rural revenue increase

Emami is also enhancing the size of addressable markets by expanding channels. It is focused on distribution through new-age channels

River Mobility plans to scale up ops; aims to open 100 stores by March

The company under its expansion drive inaugurated its first store in Chennai and plans to open 15 more stores by November and 50 stores by March 2025

Rise in construction activities to propel cement demand by 7-8%: UltraTech

This demand surge will translate into an increase in capacity utilisation of the industry to 72 per cent in FY25

Tata Electronics Assam chip plant to be operational in 2025: Chandrasekaran

Union Minister for Electronics and IT Ashwini Vaishnaw, expressing optimism about the project, said that the construction of the Assam plant will boost the overall ecosystem in the region

DGGI gives partial relief to Infosys, closes Rs 3,898 cr FY18 GST tax case

Earlier this week, the IT services company received a Rs 32,403 crore GST notice from authorities

Adani to invest Rs 5,500 cr in cement unit, Bihar CM lays foundation stone

The project is considered the largest investment in the state by a cement industry player, the Bihar CMO said that it will add to the growing infrastructure needs of the sate

Tata's Assam plant to make 48.3 mn chips per day with native tech: Vaishnaw

The minister said that the chips manufactured at the Tata plant will be used in vehicles including electric vehicles, and practically every large company will be using their chips