Page 767 - Company News

Godrej Group's internal restructuring gets Competition Commission's nod

Such realignment will take place under the Family Settlement Agreement (FSA) dated April 30, 2024, executed by the family branches, it added

Vedanta Resources proposes to cut debt by $3 bln over next three years

Vedanta Resources, whose debt stood at $6 billion as of March 2024, has been grappling with a host of rating downgrades since last year as analysts flagged liquidity issues and high default risk

Dr Reddy's Laboratories, Warburg Pincus, EQT frontrunners to buy BSV

Advent looking to exit 4 years after it picked up majority stake in biopharma firm

Cipla to invest additional 3 mn euro in mRNA technology company Ethris

The aim is to accelerate Cipla's entry into the mRNA space and deliver innovative mRNA-based therapies, particularly targeting respiratory treatments, to patients in emerging markets

Vedanta target price raised 15%; M&M stock surges 91% in 5 months

The Anil Agarwal group co value has risen by over 70 per cent this year. Analysts say operational efficiencies, cost reduction, improved operating profit, and proposed demerger have underpinned gains

Q4 margin show and recovery hopes drive gains in Campus Activewear

The company's revenue performance was broadly in line with a 4.6 per cent growth in revenues brought on by a 4 per cent improvement in volumes and a marginal gain in realisations

Bosch joins the elite group of companies with mcap of Rs 1 trillion

With Tuesday's gain, the stock has recovered by 25 per cent from its low of Rs 27,500 on June 4

Amazon Pharmacy expands eligibility for subscription to Medicare patients

Amazon has worked to lure customers away from more established pharmacies like CVS and Walgreens since launching its pharmacy unit in 2020

NTT DATA appoints Abhijit Dubey as CEO of its business outside Japan

NTT DATA has already expanded its international footprint to approximately $18 billion and has the world's sixth-largest market share in the IT services industry

Piramal Finance plans to double retail AUM to Rs 1 trillion by FY28

Since the acquisition of DHFL in 2021, the goal has been to build on its strong customer franchise in smaller towns

NBCC gets Rs 70 cr contract from Grid-India for interior works in office

NBCC said it has inked a memorandum of understanding with Grid Controller of India Ltd (Grid-India) for execution of interior, fit outs and other associated infrastructure works

Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion

Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale

Work, family pressure hinders learning among 91% Indian workers: LinkedIn

According to new research by the leading professional network LinkedIn, 91 per cent of professionals in India face barriers such as feeling burnt out

BLS E-Services to acquire 55% stake in Aadifidelis Solution for Rs 190 cr

BLSE has entered into a definitive Share Purchase Agreement (SPA) to acquire the controlling interest in Aadifidelis Solutions (ASPL) and its affiliates

India is largest market for Maggi noodles, 6 billion servings sold in FY24

Nestle India also noted that it sold 4.2 billion fingers of popular chocolate KitKat, making India its second-largest market

State-run Coal India exploring lithium assets in Argentina with US company

India and the United States said on Monday they were co-investing in a lithium resource project in South America and a rare earths deposit in Africa to diversify critical minerals supply chains

BPCL to invest Rs 1,400 cr to set up sustainable aviation fuel facilities

The company operates three refineries located in Mumbai, Kochi, and Bina (Madhya Pradesh), with collectively refining capacity of 35.3 million metric tonnes per annum

How Alkem's 83-year-old founder is remaking India's 4th-largest pharma firm

Hailing from Okari, a remote village in Jehanabad district of Bihar, Singh and his brother, Samprada, moved to Mumbai in 1973 to start Alkem Laboratories with a seed capital of Rs 5 lakh

Adani Ports leads global peers in market value as cargo volumes surge

Adani Ports & Special Economic Zone Ltd.'s market capitalisation has climbed to about $37 billion

Vodafone Idea seeks Rs 23,000 crore term loan to boost 4G and 5G rollouts

Telecom major Vi plans to invest Rs 50,000-55,000 crore over the next three years to enhance and strengthen its 4G connectivity and rollout 5G networks in key markets