Page 722 - Company News

HDFC Bank to grow advances slower than its deposits: CEO Jagdishan

Erstwhile housing finance major HDFC Ltd. merged into HDFC Bank on July 1, 2023, creating a financial behemoth

Kishore Biyani's nephew Vivek Biyani launches retail chain for D2C company

Broadway to house over 100 Indian D2C brands offline in a content-to-commerce model

IDBI Bank stake sale: RBI vetting process in last leg, report by month-end

The central bank's clearance will be seen as an important milestone for the bank's strategic disinvestment

HDFC Bank to up loan book slower than deposits, focus on reducing CD ratio

The MD said more than three-quarters of the bank's acquisitions are digitally driven at present, with straight-through processing leading to paperless experiences

Bharti Airtel bags multi-yr contract from CBDT to provide network solutions

This contract is an extension as Airtel has been the network partner to CBDT since 2008 in Taxnet-1.0

Flipkart announces GOAT sale, offers deals on wide selection of products

Besides large appliances, the sale will have deals on other categories like mobiles, electronics, lifestyle products, grocery, home, and furniture

DoT will be creating performance monitoring units for BSNL: Scindia

Testing and reimbursement scheme for startups & MSEs announced

MyTVS lines up its expansion plans, sets sight on overseas market

Raghavan indicated that the presence of MyTVS has the potential to reach 750 towns in the next two years, versus around 450 towns now

Dr. Reddy's Laboratories joins race to bring new GERD drug to India

Dr. Reddy's will market Vonoprazan tablets under its own brand Vono, and it will be available in two strengths, 10 mg and 20 mg

Adani, Wilmar likely to pick banks for sale of stake in joint venture

Representatives for the Adani group and Nuvama did not offer any immediate comments, while representatives for Jefferies, SBI Capital and Wilmar International declined to comment

Lupin and Huons partner to bring novel dry eye treatment to Mexico

Cyclosporine Ophthalmic Nanoemulsion is a preservative-free treatment for dry eye syndrome and healing corneal ulcers

Byju's knocks at NCLAT door against NCLT's insolvency order in BCCI case

At the heart of the dispute is the 'Team Sponsor Agreement' that BCCI and Byju's entered into on July 25, 2019 where Byju's made payment in full only once but failed to pay for subsequent invoices

LTIMindtree bags multimillion dollar contract extension with Absa Bank

This strengthened partnership solidifies LTIMindtree's leadership in the banking, financial services, and insurance (BFSI) sector

JSW Infrastructure Q1 results: Net profit fall 9% on higher expenses

Its consolidated net profit fell to Rs 292 crore (about $35 million) in the quarter ended June 30 from Rs 321 crore in the year-ago period

Toshiba Group to invest 10 bn Japanese yen in India to increase capacity

Toshiba Group has positioned power T&D as a focus business and will invest about JPY 10 billion (over Rs 500 crore) in TTDI to expand its capacity

Vedanta's QIP receives bids for Rs 23,000 cr against offer of Rs 8,000 cr

QIP or qualified institutions placement, which is likely to close on Friday, will enable the company to deleverage its balance sheet and fund growth projects

Warner Bros Discovery mulls major restructuring to boost stock value

CEO David Zaslav is evaluating various strategic paths, which may include asset sales or establishing a new entity for its Warner Bros movie studio and Max streaming service

Union Budget 2024 to signal next steps for IDBI Bank privatisation

IDBI Bank's market capitalisation is around Rs 95,000 crore. The government could secure close to Rs 29,000 crore for the sale of 30.5% of its 45.5% stake

Disney's Slack under attack: Hacktivists expose chat data on artist rights

Hacktivist group NullBulge accessed Disney's network through a compromised video game mod installed by a developer. Unlike typical hackers, the group appears to be uninterested in financial gains

Mankind Pharma and EQT compete to acquire BSV Group for Rs 14,000 crore

Advent International, the private equity firm currently owning BSV, appointed JP Morgan and Jefferies to facilitate the sale of the biopharma firm