Page 711 - Company News

Shell beats forecasts with $6.3 bn Q2 profit, but shares down by 0.5%

The results were lifted by strong performances in the oil and gas production and retail marketing businesses and the profit was nearly 25 per cent higher than the same time a year ago

Toyota's profit increases 17% to $8.70 bn in Q1 but shares tumble

Toyota has been on a record profit run that has boosted its share price. But its outlook has been complicated by a tough market in China

Govt extends minimum public shareholding deadline for PSUs till Aug 2026

Public sector banks, financial institutions too must increase their public shareholding to at least 25%

Govt capex, rural demand may spur M&M's ride: MD & CEO Anish Shah

When asked about the government's nudge to private companies to invest in new capacities, Shah said the group has already raised its automobile division capacity by 3x in the last four years

Hero MotoCorp starts ops in Philippines, partners with Terrafirma Motors

Terrafirma Motors Corporation (TMC), a part of the Columbian Group of Companies, one of the leading automotive groups in the Philippines, will serve as the exclusive assembler and distributor

India becomes the largest market for Meta AI usage, says senior executive

Company testing how businesses can use AI service to interact with customers

Strong volume growth, lower costs positive for Coal India's outlook

While operating profit margins are likely to normalise over the next two fiscals, the net profit estimates are being upgraded by analysts on the basis of higher OBR reversals

Karnataka authorities have withdrawn GST tax notice, says Infosys

DGGI sent a notice to Infosys for non-payment of Integrated Goods and Services Tax (IGST) on import services as the recipient of services

Irdai levies Rs 2 cr penalty on HDFC Life Insurance for violating norms

The regulator cited violations of norms related to policyholders' interests, web aggregators, and insurance distributors

Adani Energy's $1-bn QIP subscribed 6 times with Rs 50k cr demand

Duquesne Family Office and two other US-based long-only funds - Driehaus Capital Management and Jennison Associates - invested in the qualified institutional placement (QIP) of Adani Energy Solutions

Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods

Increases its stake from 51 per cent to 100 per cent

Adani Enterprises board approves demerger of food and FMCG business

Adani Wilmar shares closed at Rs 348.80 per share, up 0.19 per cent on NSE, while Adani Enterprises closed at Rs 3,225.10 per share, up 1.76 per cent

Money paid to BCCI is 'clean money', Riju Raveendran tells NCLAT

Formation of committee of creditors stayed till August 2

IDBI Bank potential bidders likely to get data room access next week

This will allow interested bidders to obtain detailed financial information about the bank to carry out due diligence

Tata Motors' board approves proposal to demerge into two listed companies

The transaction is subject to necessary shareholders, creditors, and regulatory approvals, which can take around 12-15 months to complete

Tata Motors advances demerger scheme, unveils new corporate structure

Completion of the scheme is contingent on obtaining necessary shareholder, creditor, and regulatory approvals, anticipated to take 12-15 months

JSW MG Motor India christens first electric CUV model as MG Windsor

In November, China's largest automaker SAIC Motor inked a joint venture agreement with JSW Group to accelerate the transformation and growth of MG Motor in India

Zomato to launch new app 'District' to capture its 'going-out' market

The District app will include Zomato's dining-out business and incorporate additional use cases like movies, sports ticketing, live performances, shopping, and staycation

TVS Motor's sales grow by 9% to 354,140 units in July, EV sales up 61%

Total two-wheelers sales were at 3,39,676 units during the month under review against 3,12,307 units in July 2023, a growth of 9 per cent, TVS Motor Co said in a statement

MTNL seeks Rs 1,151.65 cr for sovereign guarantee bonds interest in FY25

The minister was replying to a question on demands of funds by MTNL from the government to pay interests on debt obligations