Page 762 - Company News

Govt focus on agri, rural incomes to sustain tractor demand: Swaraj Engines

Swaraj Engines, in its annual report for 2023-24, said the growing horticultural segment in the country also offers good opportunities to increase tractor penetration

SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra

PFS, promoted by PTC India Ltd, is a non-deposit-taking NBFC classified as an infrastructure finance company

Demerger will help secure synergies in EVs, autonomous vehicles: TaMo chief

PV business will invest in vehicle platforms, products; CV business will focus on spares, smart mobility solutions to reduce the volatility of vehicle sales

Ireda sanctioned Rs 37,354 cr loan, disbursed Rs 25,089 cr in FY24: CMD

State-owned Ireda CMD also said that the net worth stood at Rs 8,559 crore at the end of the March quarter

Elcid Investments settles disclosure lapses case with Sebi, pays Rs 17.3L

The development came after Elcid Investments filed an application with the Securities and Exchange Board of India requesting for settlement

Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media

Maverick Media is promoted by Vistaar Entertainment and focuses on expanding the large-screen cinema experience across India

Ambuja Cement bags 24 limestone mines in FY24 with 587 MT estimated output

The Adani group has an ambition to have a capacity of 140 MTPA (million tonnes per annum) by 2028. It has sufficient cash to reach there through a combination of brownfield expansion and acquisitions

Sun Pharma completes Taro merger, acquires all outstanding shares

New York headquartered Taro has operations in the US, Canada, Israel, and Japan with manufacturing facilities in Canada (Brampton) and Israel (Haifa)

Shoppers Stop targets to inaugurate 60 new INTUNE stores this year

INTUNE is the affordable retail unit of Shopper Stop, ''Shoppers Stop aims to capitalise on mass premium opportunities,'' the company said.

MapmyIndia founders set up new AI data analytics, consulting firm ClarityX

MapmyIndia Co-Founder and CMD Rakesh Verma, who has founded the new firm, revealed that MapmyIndia initially started as a data analytics company and with ClarityX

Sumadhura Group eyes over 3-fold turnover growth to Rs 5,000 cr in FY25

Sumadhura Group, with a 30-year legacy, also announced a new logo and tagline "Foundation of Happiness", a company statement said

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone

If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding

ZEE can withdraw its merger implementation application: NCLT

ZEEL had filed the application following the termination of the merger agreement by Culver Max and Bangla Entertainment on January 22, citing a breach of the merger cooperation agreement

Biocon gets EMA's nod to make biosimilar cancer drug at Bengaluru

Bevacizumab is used to treat colon and rectal cancer, cervical cancer etc

Anuj Tyagi to succeed Ritesh Kumar as MD & CEO of HDFC Ergo from July 1

Tyagi, who currently serves as the deputy MD, joined the company in 2008

We are well positioned to capitalise on country's infra spending: Adani

The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending

Musashi India to ramp up EV component localisation to 70% by year-end

The company aims to produce 1 million e-axles per year by 2030 to accelerate India's transition to green mobility

Prosus writes off 9.6% stake in Byju's, marking $493 million in loss

Prosus has invested around $500 million in Byju's over the years. Other Indian startups in Prosus' portfolio include Swiggy, Meesho, and Eruditus

Sony Pictures Networks India appoints Gaurav Banerjee as new MD and CEO

Banerjee will succeed NP Singh, who will move into the role of Non-Executive Chairman after a 25-year tenure

Vedanta mulls first dollar bond sale of $500 mn in debut overseas issuance

The company is also exploring other avenues of fundraising, including equity sales and local currency loans from domestic banks, the people said