Page 770 - Company News

Daughters Inc: The unfolding of succession at Indian family businesses

Of the 2,348 companies listed on the National Stock Exchange, 510 have women executive directors

Gautam Adani meets Bhutan PM, signs MoU for 570 MW green hydro plant

Further, he praised Bhutan's efforts to develop infrastructure under the vision of King Jigme Khesar Namgyel Wangchuck and expressed eagerness to collaborate on hydro and other projects in Bhutan

Hyundai Motor India gears up for 21% capacity boost in H2 of FY26

Creta EV and three other electric cars to be launched in India, it added

Zomato in talks to acquire Paytm's movie, events biz for Rs 2,000 crore

Once finalised, this will be the food delivery major's second biggest purchase since acquiring Blinkit in 2022 for $569 million in an all-stock deal

Warburg Pincus, QIA in talks to derisk Shriram group arm investment

Shriram Finance Limited (SFL) decided to sell its housing finance business to focus more on its core operations and secure growth capital

CITU opposes govt's move to lower penal charges on defaulting employers

Earlier on Saturday, the ministry of labour and employment issued a notification that significantly lowered the penal charges applicable on employers

Infinity Learn targets 6th-12th graders, aims to double revenue in FY25

Company expects to double revenue this fiscal to Rs 400 crore with expansion of its business both in India as well as overseas

IIFL Finance Q4 results: Profit down 6% to Rs 430.6 cr on higher provisions

For FY24, its consolidated net profit rose by 23 per cent to Rs 1,974.2 crore from Rs 1,607.5 crore in FY23. Its NII rose by 38 per cent Y-o-Y to Rs 4,153.8 crore in FY24

Godrej Appliances expects to join billion-dollar club on 30% topline growth

Godrej Appliances operates in segments such as air conditioning, refrigerators, washing machines and kitchen appliances such as microwave ovens

PwC India expects rise in small, mid-size merger & acquisition transactions

The year 2023 witnessed the emergence of a nuanced M&A landscape, with investors showing interests in diverse strategies and larger-scale ventures, even amid an overall decrease in PE investment

SBI to monetise subsidiaries after scaling up their biz: Chairman Khara

Scaling up of their operation will increase valuation and ensure better returns for the parent State Bank of India (SBI)

Paytm in talks with Zomato to sell its movie & event ticketing business

The discussions between Paytm, officially known as One97 Communications Ltd., and online food delivery firm Zomato are in advanced stages

Essar to invest Rs 30,000 cr in green hydrogen plant in Gujarat over 4 yrs

Essar Group is also considering an entry into mining of critical minerals, mainly used in electric vehicle batteries, solar panels and wind-turbine magnets

Dharavi project: No land to Adani group, transfer to Maharashtra govt dept

Trying to clear misconceptions over the project, sources said as per the tender, the land remains allocated to DRP/SRA at rates decided by the government

Mahindra group may join global firms for cell production in India: MD Shah

The company plans to introduce nine internal combustion engine (ICE) SUVs, seven battery electric vehicles (BEV) and seven light commercial vehicles by 2030

Govt headhunter interviews eight people for HPCL top post; rejects them all

The Public Enterprises Selection Board (PESB) on June 14 interviewed eight candidates, including a director on the HPCL board and managing director of Indraprastha Gas Ltd (IGL), but rejected them all

Godavari Biorefineries files IPO, aims to raise Rs 325 cr via fresh issue

The Maharashtra-based Godavari Biorefineries is one of the prominent manufacturers of ethanol-based chemicals in India

NCLT orders proceeding against Supernova developer Supertech Realtors

Supertech is also facing a Corporate Insolvency Resolution Process (CIRP)

Essar sees growth potential for Black Box amid AI boom: Prashant Ruia

"This is a company which can see tremendous growth, because the kind of growth taking place in data centres and managed services globally is exponential," he said.

Hyundai Motor India files draft papers to raise around $3 bn through IPO

If the listing proceeds as planned, this transaction would become the largest IPO in India's corporate history, surpassing the previous record set by the state-owned LIC's $2.7 billion listing in 2022