Page 848 - Company News

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

BharatPe elevates Nalin Negi to full-time CEO after Sameer's exit in 2023

Negi joined BharatPe in 2022, with over 28 years of experience in building and scaling businesses in the fintech and banking domains

Cipla to acquire Ivia Beaute's cosmetics, personal care biz for Rs 130 cr

This strategic move is aligned with Cipla's focus on enhancing its consumer healthcare and wellness portfolio

TCS to Cognizant: Who is the highest paid CEO in Indian IT sector?

Cognizant's filing with Nasdaq mentioned the CEO's performance stock units (PSUs) and restricted stock units (RSUs)

Srinivas Pallia sold his entire stake in Wipro before taking over as CEO

On April 6, Wipro, the fourth largest software services firm in India, announced the unexpected departure of former CEO Thierry Delaporte and Pallia was made the top boss

Making iPhone camera modules in India: Apple in talks with Titan, Murugappa

Apple is in talks with the Murugappa Group and Tata Group's Titan Company to produce sub-components needed for iPhone camera modules

Zee's plan to gun for growth on its own holds perils as well as promise

Analysts are waiting for a big move on the free-to-air market, either by going back on DD Freedish or by doing a big deal with YouTube, the largest video platform

India leads use of hybrid multi-cloud with 44% of companies using it: Study

Focus on cloud-smart deployments: 99% of IT professionals in India are focused on taking a "cloud-smart" approach to their infrastructure strategy

Quantum MF objects to scheme of merger of ICICI Securities with ICICI Bank

Overall, 72% of public shareholders voted in favour of the delisting scheme

Japanese consortium to invest $370 mn in Natural Gas Transition Platform

The infrastructure investor said the platform will also increase investments to boost the consumption of renewable natural gas or biogas in India and use of green hydrogen using the city gas network

Mahindra Group to invest nearly Rs 1,200 cr in renewable energy projects

Mahindra Group will develop a 150 MW hybrid RE (Renewable Energy solar + wind) project at a total project cost of about Rs 1,200 crore, said Mahindra Susten

Byju's India CEO Arjun Mohan moves on, company divided into three divisions

Byju's is consolidating its businesses into three focused divisions. These include The Learning App, Online Classes and Tuition Centres, and Test-prep

Vodafone Idea earmarks Rs 5,720 crore to roll out 5G wireless network

Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently

New orders point to further gains for Hindustan Aeronautics stock

HAL is the primary supplier of India's military aircraft, helicopters, engines, avionics and accessories and the main provider of maintenance for defence aerospace