Page 820 - Company News

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej Industries holds 64.9 per cent stake in Godrej Agrovet, and 23.7 per cent stake in Godrej Consumer Products, and 47.3 per cent stake in Godrej Properties

Stride Ventures closes Fund III at $165 mn, portfolio showcases top cos

This third fund has garnered strong support from a diverse mix of investors, including insurance companies, family offices, corporate treasuries, and high-net-worth individuals (HNIs)

Multi-billion dollar Godrej family split may not attract tax, say lawyers

A family settlement is defined as an arrangement between members of the family with the intent to avoid disputes

FMEG major Havells India's positive outlook may be priced in valuations

Management sounded optimistic about growth in FY25

Coal India production increases 7.3% to 61.8 million tonnes in April

The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, Coal India Ltd (CIL) said in a filing to the BSE

Airtel appoints Ambareesh Mandelia as head of M&A, business development

Before joining Airtel, Mandelia was heading the corporate health and wellness business units at Tata 1mg, along with corporate strategy

Mubadala, Warburg in talks with Shriram Finance to buy stake in SHFL

Shriram Finance on Tuesday confirmed that it is looking to unlock value in the housing finance arm (SHFL) to secure growth capital.

IndiGo gets demand notice over FY19 input tax credit discrepancies

In a regulatory filing on Wednesday, the company said it has received a "demand of Rs 31,240, including tax of Rs 21,240 and penalty of Rs 10,000 for the FY 2018-19"

Farm equipment maker Kubota wants to make India its global hub, like Suzuki

The acquisition of Escorts in 2022, leading to the rebranding as Escorts Kubota, offered Kubota a crucial foothold in the Indian and international markets by offering cost-effective manufacturing

RailTel signs MoU with tech firm for KAVACH implementation projects

The Memorandum of Understanding (MoU) for this purpose was signed between RailTel Corporation of India Limited and Quadrant Future Tek Limited

In talks with Vodafone Idea, hopeful of recovering dues soon: Indus Towers

Indus Towers is keen on servicing Vi's expected 4G expansion and 5G rollout

Vedanta Group planning to invest $20 bn in India in 4 years: Anil Agarwal

The investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in, Agarwal told reporters here

Maruti Suzuki expects reincarnation of small car segment by 2026-end

The small car segment, which had once dominated the Indian total passenger vehicles market, accounts for less than 30 per cent at present

Delhi bound Vistara flight makes emergency landing at Bhubaneswar airport

The New Delhi-bound Vistara flight landed back at the Biju Patnaik International Airport (BPIA) here barely 10 minutes after taking off, the officials said

Section of A-I Express staff flag concerns, allege mismanagement at airline

The airline is part of the Tata Group and is in the process of merging AIX Connect (formerly AirAsia India with itself)

ITC's Fortune Hotels targets opening a new hotel every month this fiscal

In an interview to PTI, Samir shared the expansion plans of Fortune Hotels, which has just opened its first international hotel -- Fortune Resort & Wellness Spa Bhaktapur -- in Nepal

Tally expects 30-40% revenue growth in FY25; to expand overseas footprint

Bengaluru-headquartered company also has training and skilling vertical, Tally Education and Distribution Services, which partnered with coaching centres and institutes to train youth to be job-ready

Airtel Xstream Play strengthens regional library; teams up with Sun NXT

Announcing that Airtel Xstream Play has partnered with Sun NXT, the release said Airtel Xstream customers can avail of Sun NXT's 50,000-plus hours of content

TVS Motor sales rise 25% to 383,615 units in Apr, Motorcycle sales up 24%

In the electric vehicle business, sales surged to 17,403 units in April 2024 compared to 6,227 units in the same month last year

Jindal Stainless to invest Rs 5,400 crore to expand capacity, says MD

The investments will be made during the next two years, Jindal said, while addressing a press conference