Page 823 - Company News

AU Small Finance Bank stock rallies over 6% on universal banking hopes

The central bank has laid down qualitative criteria of a satisfactory five-year track record, which will be evaluated post-application made by SFBs

Bharti Airtel issues shares worth Rs 246 crore to foreign debt bond holders

The company had issued USD 1,000 million 1.50 per cent convertible bonds due 2025 in January 2020 that were convertible into company's fully-paid up equity shares

US regulator opens probe into Ford's hands-free driving tech BlueCruise

The investigation will evaluate the system's performance on the dynamic driving task and driver monitoring, the NHTSA said

M&M aims to be among top 2 players in compact SUV section in 3 years

M&M Ltd unveiled its compact segment SUV, XUV 3XO, at a starting price of Rs 7.49 lakh

UCO Bank Q4 results: Standalone net profit down 9.5% to Rs 525 crore

The Kolkata-based bank reported a standalone net profit of Rs 525.77 crore for the fourth quarter ended March 2024, a decrease of 9.5 per cent compared to the corresponding period last year

Sun Pharma gets Rs 1.11 cr tax demand over disallowed input tax credit

The company has received an order from the Joint Commissioner, CGST and Central Excise, passed under the GST Act.

Global alternative firm Investcorp acquires NSEIT for Rs 1,000 crore

NSEIT is a leading provider of advanced digital transformation and cybersecurity services focused on global customers in capital markets, insurance, and banking

Baba Ramdev crossed line with false claims of curing Covid: IMA president

The apex court is hearing IMA's 2022 plea alleging a smear campaign against the Covid vaccination drive and modern systems of medicine

Added sugars in Cerelac within limits, charges untrue: Nestle India CMD

Narayanan reiterated that according to FSSAI, the maximum permissible limit for added sugars is 13.6 gram per 100 gram of feed, while Nestle is at 7.1 gram of sugar per 100 gram

'Reliance buys its first Canadian crude from Trans Mountain pipeline'

Reliance joins a growing group of Asian refiners in buying Canadian crude to be exported from the new pipeline which is scheduled to start transporting oil in May

KEC International bags orders worth Rs 1,036 crore in India, abroad

It has presence in the verticals of power transmission and distribution, railways, civil, urban infrastructure, solar, oil & gas pipelines, and cables

McDonald's set for weak sales growth amid muted fast-food traffic in US

'We expect traffic to continue to be negative, believe the average check will remain under pressure from the heavy discounting to recover lower-income consumer traffic,' BTIG analyst Peter Saleh said

Women working in cos leading in gender equality more productive: Survey

Around 41 per cent women have asked for a reduction in their hours, 31 per cent said it has negatively impacted their mental well-being

RBI cancels Acemoney (India's) NBFC licence citing violation of guidelines

The development follows a series of actions on other players in the industry on account of non-compliance

NSE to sell digital tech services unit to Investcorp for $120 million

The 10-billion-rupees deal was in line with NSE's strategy to focus on its core business areas, said Ashish Kumar Chauhan, the company's managing director and CEO

Coromandel International to invest Rs 1,000 cr to set up plant in Andhra

In a regulatory filing, the company said it has 'commenced the project activity to set up its Phosphoric Acid-Sulphuric Acid complex facility at Kakinada'

Chennai Petroleum sees two-year delay in building 180,000 bpd refinery

The company recently changed the capital structure of the joint venture building the project, with its parent company Indian Oil Corp controlling a 75% stake and Chennai Petroleum the remainder

Birlasoft Q4 results: Profit rises 60% to Rs 180 cr, revenue up 11%

The company's board approved a final dividend of Rs 4 per equity share of face value of Rs 2 each (200 per cent) for FY24

Nestle India to focus on driving volume growth going forward: CMD Narayanan

Nestle India's objective is clearly to accelerate volume growth, he said adding the company had 'a volume growth of almost 8-9 per cent of a total growth of 11-12 per cent' from 2016 to 2022

Aurum PropTech loss widens to Rs 55 cr in FY24, income up 68% at Rs 233 cr

Onkar Shetye, Executive Director of Aurum PropTech, said the company has reported another year of 'consistent performance across revenue, road to profitability, user growth and tech innovation'