Page 810 - Company News

Nephew, niece have no claim on family wealth share: Bharat Forge's Kalyani

In his affidavit submitted in court, Baba Kalyani said that his sister's children were members of the Hiremath family by birth and are not affiliated with the Kalyani joint family

Muthoot Finance accepts bids worth $650 million for dollar-bond issue

The non-banking finance company will use the proceeds for onward lending and other activities permitted under external commercial borrowing guidelines

Amazon unveils first electric seaport trucks amid push to slash emissions

The e-commerce giant said it already has eight of those semi trucks in use at the Los Angeles/Long Beach port complex, where every so-called drayage truck must be zero-emissions by 2035

HP India in talks with Dixon Technologies, VVDN for laptop assembly

VVDN has already partnered with Hewlett Packard Enterprise (HPE) to assemble servers for the US company at its Manesar plant in Haryana

American spirits company Sazerac may hike John Distilleries stake to 60%

John Distilleries is the fourth largest liquor company in the country by volumes

Hinduja rejigs consortium to acquire cash-strapped Reliance Capital

New structure will help meet FDI ceiling of 74% for insurance sector

Paytm's UPI transactions fall for 3rd straight mth, market share contracts

However, the Noida-based company has continued to retain its spot as the third largest player in the ecosystem because other players are considerably smaller in comparison to the fintech major

GCPL takes Rs 2,389 cr one-time hit over Africa market strategy tweak

One-time costs related to loss on sale of subsidiaries, employee severance

Axis Bank to bring in expats in latest move to woo global companies

Axis is focused on companies from countries like South Korea, Japan, US, Germany, Italy and France that have good ties with India

Indian Bank aims to make over Rs 1 trillion digital transactions: MD & CEO

The city-headquartered bank had made Rs 81,000 crore transactions through digital medium last financial year, Managing Director and CEO Shanti Lal Jain said here

IDBI Bank gets Rs 2.97 crore GST demand order from Dehradun officials

The order includes a tax demand of Rs 1.42 crore as well as interest and penalty of Rs 1.41 crore and Rs 0.14 crore, respectively

INOX Air Products and Asahi India Glass sign MoU for Green Hydrogen

The company stated that this will be India's first-ever green hydrogen plant for the float glass industry

FY25 to be best year for Happiest Minds since IPO: Chairman Ashok Soota

Happiest Minds believes it is in a unique position to capitalise on the opportunities presented by GenAI

Sebi slaps Rs 15 cr fine on Panchariya in Winsome Yarns GDR manipulation

In its order passed in November 2023, the Securities Appellate Tribunal (SAT) affirmed Sebi's findings with respect to the first leg of the transaction about fraudulent activities in the GDR issuance

Apple interrogation of NYC worker about union drive illegal: US labor board

The Democrat-controlled board also affirmed the judge's ruling that Apple illegally barred workers at the World Trade Center store from distributing union flyers

Anil Agarwal's Hindustan Zinc to pay $506 mn dividend to ease debt burden

Agarwal is also planning to split the group into six listed companies by March 2025 to unlock value

TikTok, ByteDance sue to block US law seeking divestiture or ban of app

Driven by worries among U.S. lawmakers that China could access data on Americans or spy on them with the app, the measure was passed overwhelmingly in Congress just weeks after being introduced

LTIMindtree, IBM collaborate to set up GenAI Centre of Excellence for India

The centre will focus on building point solutions to accelerate clients' generative AI adoption journeys

Voltas Q4 results: PAT down 22.5% at Rs 110.64 cr, services biz up 38%

Voltas said for the fiscal ended March 31, 2024, consolidated net profit was higher at Rs 248.11 crore as compared to Rs 136.22 crore in the previous year

SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth

First fresh direct equity investment after 100% acquisition