Page 719 - Company News

ITC chairman announces investment of Rs 20,000 cr for 'medium term'

Company has 'unwavering confidence' in country's economic growth, says Sanjiv Puri

Maruti Suzuki India gets tax demand of Rs 779.2 cr from I-T authorities

Order has a total demand, including interest, of Rs 779.2 crore, the company said, adding that it has also received a showcause notice for initiation of penalty proceedings with respect to the order

Godrej Industries Group's family office divests 4.4% stake in Sobha

After the stake sale, Anamudi Real Estates' shareholding in Bengaluru-based Sobha declined to 5.57 per cent from 9.99 per cent

In major boardroom reshuffle, Samina Hamied steps down from Cipla Board

The announcement comes amid reports that Cipla promoters are looking to sell their entire or partial shareholding in the company

Realty major DLF retains sales bookings target at Rs 17,000 crore for FY25

DLF's sales bookings jumped over three-fold to Rs 6,404 crore during the first quarter of this fiscal on strong demand for its luxury housing properties

Piramal Group refutes data breach claims, terms dark web activity as false

The spokesperson said that as per the group's investigation, the sample data shared has no relevance to the group

KingsCraft eyes Rs 50 cr revenue from new e-commerce platform in FY25

Bootstrapped with an investment of Rs 8 cr, the company has strategically positioned Underrated Club as a key player in the affordable luxury streetwear segment

Vedanta's Agarwal urges govt to privatise gold mining to boost production

After the budget, top government officials clarified that the government's strategy goes beyond privatisation and the aim now is to create value of the government owned companies

SAEL Group issues bonds worth $305 million in international markets

SAEL Group aims to increase the portfolio of solar and waste-to-energy assets to 5 GW by the next two years, its Chief Investment Officer Varun Gupta said

BCCI accuses Byju's CEO of misleading Karnataka HC in insolvency hearing

Byju's is currently dealing with claims exceeding Rs 200 crore from multiple creditors, including Rs 158 crore owed to BCCI

Apollo Funds to buy IGT's gaming, digital business, Everi in $6.3 bn deal

The deal, subject to regulatory approvals and approval by Everi stockholders, is expected to be completed by the end of the third quarter of 2025

Bandhan Bank Q1FY25 results: Net profit increases 47% to Rs 1,063 crore

During the quarter, the bank's total income increased to Rs 6,063 crore against Rs 4,908 crore a year ago, Bandhan Bank said in a regulatory filing

Paytm shares hit upper circuit on govt nod for investment in payments arm

The stock price surged on the back of reports claiming that the company had received the government nod to invest Rs 50 crore in its associate entity Paytm Payments Services Limited (PPSL)

Paytm's offer to invest in payments arm under govt consideration: DFS Secy

The proposal is still under consideration by the inter-ministerial panel and expected to take a call soon, Financial Services Secretary Vivek Joshi told PTI

Godrej Properties raises Rs 1,275 cr via non-convertible debentures

Godrej Properties plans to launch residential projects worth Rs 30,000 cr this fiscal across major cities to achieve 20 per cent growth in sales bookings amid strong demand, its exec chairperson said

IndiGo Q1 FY25 results: Net profit declines 11.7% on higher expenses

India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier

Govt to push forward IDBI Bank stake sale after RBI key clearance

The Reserve Bank of India has indicated completion of its fit and proper vetting of potential bidders of IDBI Bank, said Tuhin Kanta Pandey, the country's secretary responsible for the stake sale

Zomato rolls out 'Brand Packs' to reward repeat orders from restaurants

Zomato's new 'Brand Packs' feature aims to boost customer loyalty for more than 4,000 restaurants on the food delivery platform

Tata Power Solar Systems partners with BoI for EV charging stn financing

The partnership is a significant milestone with Tata Power Solar becoming the first solar company to collaborate with BOI for both solar and EV Charging Station financing

Thyrocare expands Northern India presence with Polo Labs acquisition

This move will lead to Thyrocare integrating Polo Labs' 14 laboratories spread across Punjab, Haryana, and Himachal Pradesh into its existing network