Page 765 - Company News

RBI cancels licence of The City Co-operative Bank over inadequate capital

The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been asked to issue an order for winding up the bank and appoint a liquidator, RBI said

Air India to start premium economy class on a few domestic routes from July

The Tata Group-owned airline said it has refitted two new A320neo aircraft in a three-class configuration

Sebi penalises RInfra, others for non-submission of no default statement

Sebi's rule mandates the companies or issuers to submit the NDS information to CRAs on a monthly basis

Gland Pharma promoter Fosun divests 6% stake for Rs 1,754 cr via bulk deal

Chinese drug firm Fosun Pharma, through its arm Fosun Pharma Industrial Pte, offloaded the shares of Hyderabad-based Gland Pharma through a bulk deal on the BSE

AC in Delhi-Darbhanga flight 'experienced slight inefficiency': SpiceJet

The air-conditioning, however, kept working normally throughout the journey and the flight also departed on time, SpiceJet said

Advisory firm against Gautam Singhania's reappointment to Raymond's board

The proxy advisory firm IIAS has also recommended Raymond shareholders to vote against the proposed remuneration structure for Singhania

Bombay High Court adjourns hearing on appeal by Subhash Chandra to June 26

Chandra had filed an appeal against the order and summons by Sebi in the alleged fund diversion matter in Zee Entertainment Enterprises

Tata Motors-owned JLR drives up plan to invest Rs 1.9 trn till FY28

20% increase till FY28; firm eyes double-digit Ebit of 10% by FY26

JLR to licence Freelander to develop EVs on Chinese JV partner's platform

Under the proposed new licensing agreement, CJLR -- a 50/50 joint venture of Jaguar Land Rover Ltd and Chery Automobile Company Ltd - - will pivot to produce an advanced portfolio of electric vehicles

India to become NetApp's top Apac market in 3-5 years: VP Puneet Gupta

The report revealed that a significant 91 per cent companies in India plan to use half or more of their data to train AI models in 2024.

Govt impounds Som's distillery, suspends licences over child labour

Police launched an investigation into Som after the National Commission for Protection of Child Rights (NCPCR) last week found 39 boys and 20 girls working at the factory

British telecom major Vodafone rings in Rs 28,500 crore bulk deal day

Sells 18% stake in Indus Towers for Rs 15,300 crore

Board of Axis Bank gives nod to hike stake in Max Life for Rs 336 cr

Max Life Insurance is a subsidiary of Max Financial Services

Regulatory concerns key hurdle as pvt general insurance players gain share

The implementation of Ind-AS 117 and its assumptions on liability and other insurance-related changes in regulations could be a future cause of concern

With three in $3trn club, top trio account for nearly a fifth of US mcap

Saudi Arabia, Taiwan, France & UK other top markets where top firms hold big sway

Smooth ride for tyre exporter Balkrishna Industries as peers struggle

Exports and market share gains have helped the company to pull ahead

Zurich completes 70% stake buy for Rs 5,560 cr in Kotak General Insurance

The stakes were acquired through a combination of fresh growth capital and share purchase

Planning to double market share in country, says Volvo CE India MD

Krishnan was speaking to reporters on the sidelines of the launch of its 20-tonne class hydraulic excavator

IOC, GPS Renewables form joint venture for sustainable energy solutions

The agreement was signed by Mainak Chakraborty, CEO & co-founder of GPS Renewables and Santanu Gupta, ED (Alternative Energy) at IOC

Hyundai's IPO poised to boost already-buzzing Indian automakers' valuations

Local auto stocks have already added $70 billion in market value so far this year, rising nearly 40 per cent - over four times the advance in the country's equity benchmark