Page 756 - Company News

Court approves billionaire Anil Agarwal's plan to reclaim Zambia mine

To get access to the mine again, Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers

Apple to establish major presence in Bengaluru with new office tower lease

The deal, part of Embassy's redevelopment of a prime 2.3-acre site slated to become Apple's second-largest Bengaluru facility by 2025, includes lease rates increasing by 15% every three years

ITC beats Britannia, becomes India's second-largest packaged foods company

ITC's latest annual report shows that its foods business clocked sales of Rs 17,194.5 crore in the fiscal year ending March 31, 2024

Jio, Airtel 5G pricing surge: Consumers to spend Rs 47,500 cr more annually

Reliance Jio and Bharti Airtel have taken decisive measures to effectively monetise 5G, significantly raising costs for consumers seeking premium next-generation mobile broadband

AI to usher in era of technological prowess: Tech Mahindra Chairman

IT firm to follow 'three-pronged' strategy for revenue and profitability predictability, says CEO Mohit Joshi

ITC adds 68 crorepati employees in FY24; 24.11% increase from last year

The addition in the eight-figure bracket reflects the scale of ITC's operations and spread in newer categories

Airtel, Vi follow Jio in raising tariffs; prices hiked by up to 21%

While Airtel and Jio's tariff hikes will be effective July 3, Vi will implement the higher tariffs from July 4

Tata Steel UK begins legal action against union, fears plant closure

The Mumbai-headquartered steel major had originally planned to shut down one of the blast furnaces by the end of June and the second one by September

Mumbai-based Wockhardt to launch its novel antibiotic Zaynich by FY25-end

Global launch in FY26 after multinational clinical trial ends

Fidelity Investments sells HCL Technologies shares for Rs 1,788 crore

As per the data available with the NSE, Fidelity Investment sold a total of 12,414,228 shares or 0.46 per cent stake in HCL Technologies

Adani Group's solar firm seeks visas for vendors' Chinese workers

Company cites lack of Indian expertise

Godrej Properties on solid growth foundation amid strong pre-sales

Pune, Bengaluru and Hyderabad will drive growth in the near term in contrast to the prior two years when it was NCR and MMR

IGI roof collapse: Police file FIR, begin probe to fix responsibility

According to the FIR, the SI had responded to the PCR call at 5.52 am and reached the spot soon after

Indian economy likely to sustain high growth trajectory in FY25: ITC

The growth would also be supported by a good Rabi harvest and normal monsoons, according to the ITC annual report for FY 2023-24

Iffco withdraws case against Triumph Offshore, Swan Energy in NCLT

Iffco recently exited TOPL by selling its 49 percent stake to Swan Energy for Rs 440 crore

Consumer spending on ITC's goods increase 12% to Rs 32,500 cr in FY24

Some of its brands as Aashirvaad leads in branded atta segment. Similar Bingo leads in the bridges segment of snack foods, Sunfeast also leads in the cream biscuits segment

Private equity major Bain Capital to allocate 20% of Asia fund to India

Bain-owned Tyger Capital targets 4x growth in book to Rs 15,000 cr

HealthCare Global Enterprises acquires Andhra-based MGCHRI for Rs 414 cr

This move positions HCG as a leader in a highly attractive micro-market, benefiting from a high-quality primary catchment area and substantial secondary catchment from neighboring states

Gail extends net zero carbon emission target by five years to 2035

"GAIL Board accorded approval to advance its net zero target for Scope-I and 2 emissions by five years, from the year 2040 to year 2035," the company said in a statement

Nazara subsidiary to fully acquire Freaks 4U Gaming in deal worth Rs 271 cr

Singapore-based NODWIN is a material subsidiary of Nazara Technologies, a company headquartered in Mumbai. NODWIN will initially increase its existing stake in Freaks 4U to 57 per cent