Page 720 - Company News

Mankind Pharma acquires Bharat Serums and Vaccines for Rs 13,600 crore

More than 2,500 BSV employees will be joining Mankind

HDFC Bank rolls out fixed deposit scheme with higher interest rates

The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio

L&T likely to outperform guidance after strong Q1 FY25 performance

Assuming valuations at around 30 times price-to-earnings and valuing holdings in listed subsidiaries at a discount of 25% to fair-value, there could still be an upside of 15-20%

Ola Electric suspends India car project to focus on scooters, bikes: Report

Ola had planned to launch e-sports car this year

Apple's PLI promise bears fruit: iPhone exports in Q1 hit a new milestone

Export of iPhone in touching distance of target ahead of date

Unilever spells out strategy behind the first quarter volume growth

Hindustan Unilever's chief financial officer, Ritesh Tiwari, also said while talking about advertising spend, that the company continued to invest competitively in its brands

EQT Private Cap Asia exits RBL Bank, sells entire stake for Rs 1,091 cr

As per the data available on the BSE, Maple II B V sold 4,78,40,700 shares, amounting to a 7.89 per cent stake in RBL Bank

Amazon says Prime Day '24 biggest ever; peak single-minute orders at 24,196

24% more Prime members in India shopped this year compared to the event in 2023

50% PCs to be AI-powered in three years: HP India's Ipsita Dasgupta

Dasgupta said that AI PCs will be a big growth driver for India, across both commercial and consumer segments, and therefore, a big driver for HP as well

Byju's moves fresh plea before HC for stay on insolvency proceedings

The edtech firm has urged the Court to stay the insolvency resolution process as well as the formation of the Committee of Creditors (CoC)

BSNL income up at Rs 21,302 cr in FY24; records lowest debt among telcos

Govt has approved three revival packages for BSNL and MTNL, comprising Rs 69,000 crore support in 2019, Rs 1.64 trillion in 2022 and Rs 89,000 crore in 2023 for allotment of 4G and 5G spectrum

Diageo India's CEO summoned by Delhi city police in liquor payments case

A spokesperson for Diageo India confirmed receiving the Delhi police notice and said the company would fully cooperate and was "in the process of providing the information sought"

No evidence of systems being compromised: Cryptocurrency platform WazirX

A 'multisig' or multisignature wallet is a crypto wallet that requires two or more private keys to unlock and withdraw funds

12,000 4G sites up, BSNL targets nationwide 4G rollout by year-end

4G sites up in all metro cities & most state capitals, 5G service by early-2025

Vedanta Aluminium, NITI Aayog hold stakeholder meet on red mud utilisation

The alumina refining stage generates bauxite residue, commonly known as red mud

Tata Motors' market capitalisation crosses Rs 4 trillion for the first time

Tata Motors is currently the second-most valuable company in the salt-to-software Tata Group after Tata Consultancy Services

DLF Q1FY25 results: Profit increases 23% to Rs 645.61 cr on higher income

Total income rose to Rs 1,729.82 crore during the April-June period of this fiscal from Rs 1,521.71 crore in the corresponding period of the previous year, according to a regulatory filing

S&P upgrades Vedanta Resources rating on improving capital structure

S&P Ratings gave a stable outlook on Vedanta's rating

Nestle cuts sales outlook as consumers become increasingly cost-conscious

"There is value-seeking behaviour among consumers. There is pressure, especially at the low-income range," CEO Mark Schneider said in a media call

South Korea's Hyundai Motor posts record Q2 profit on strong US sales

The automaker, however, warned of an uncertain outlook due to intensifying price competition as inflation and high interest rates squeeze consumers