Page 845 - Company News

Paytm denies deferral of approval or fine on payments services arm

The company added that investor Ant Financial did not have any board representation or special rights

Zee-Sony deal: ZEE withdraws merger implementation application from NCLT

The Zee statement said the Board took the step based on legal advice after a detailed consultation with legal experts

Sterlite Technologies raises Rs 1,000 crore capital through QIP route

Post the allotment, the paid-up equity share capital of Sterlite Technologies (STL) has increased to Rs 97.5 crore comprising 48.5 crore equity shares

Power Grid Corp bags 3 transmission projects under competitive bidding

The three projects would help evacuate power from renewable energy projects in Rajasthan and Gujarat, the company said in a BSE filing

Brigade Enterprises posts record sale bookings of Rs 6,013 cr last fiscal

Brigade is aggressively pursuing land acquisition opportunities in its target markets and continues to add high-quality assets to its land bank, she said

Cipla Health signs agreement, strengthens beauty play with Ivia's brands

Cipla Health strengthens beauty play in Tier II-VI towns with Ivia Beaute's cosmetics, personal care distribution and marketing biz

Morgan Stanley's first quarter profit rises as investment banking rebounds

Investment banking activity has rebounded from a two-year dealmaking drought as large corporates issued near-record levels of debt and equity capital markets became more active

Reliance Industries tries to sell US crude oil as Russian flows gain

Reliance also attempted to sell cargoes of Murban crude for April-May loading before offering the American oil, the traders said

Govt defers approval of Paytm's Rs 50 cr investment in its payments arm

Paytm sought government approval last year for the investment it had already made in its newly established payments gateway arm

Max to invest Rs 2,500 cr in Lucknow, be UP's 'largest' pvt healthcare firm

Delhi-based group plans to double overall capacity by adding 4,200 beds in four to five years

Hewlett Packard Enterprise starts deployment of Made-in-India servers

In July last year, HPE revealed its make in India plans in partnership with VVDN Technologies, where it aimed to manufacture around $1 bn worth of high-volume servers in the first 5 yrs of production

Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project

The project has been commissioned almost nine months before the scheduled commercial date of operation, the company said in a statement

Chhattisgarh's NMDC iron production rises 11%, sales surge 16% in FY24

Compared to the previous year's 29.04 MT, the production at the Chhattisgarh units jumped 11.67 per cent. The Dolimalai mine produced 12.67 MT of iron ore, up 7.56 per cent Y-o-Y

Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials

The Deputy Commissioner (CT), Tamil Nadu has passed an order under GST Act demanding GST and levying consequential penalty of Rs 2.06 crore, Apollo Tyres said in a regulatory filing

CRISIL results: Net profit drops 5% to Rs 138 crore in Jan-March quarter

Crisil's consolidated total income rose to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago, the company said in a regulatory filing

GQG looking to invest around $400 million in ailing Vodafone-Idea

The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees

Coal India's capital expenditure up 6.5% to Rs 19,840 crore in FY24

"CIL achieved 120 per cent target satisfaction over the year's capex target of Rs 16,500 crore. For the fourth fiscal on sequence CIL's capex breached the budgeted target," the PSU said

Healthcare firm Nephro Care India files papers to raise funds via IPO

Healthcare provider will use the proceeds to set up a hospital in Kolkata and for general corporate purposes

Zomato launches all-electric 'large order fleet' catering to parties

Zomato CEO Deepinder Goyal posted on X (formerly Twitter) that the company previously managed large orders through multiple delivery agents, resulting in subpar customer experiences

Aditya Birla Capital aims to double customers with new digital platform

At present, Aditya Birla Capital serves over 35 million customers across its businesses, including lending, insurance, and asset management