Page 864 - Company News

Adani Group targets one-fifth share in Indian cement market by FY28

Gautam Adani-led Adani group, which owns Ambuja Cements and ACC Ltd, is targeting to capture around one-fifth of the Indian cement market by FY28.

DLF plans to invest Rs 2,200 crore to build shopping mall in Gurugram

Khattar said the company is bullish on the growth of the retail sector, which will lead to higher demand for retail space from retailers

TCS Q4 results: Profit rises 9% to Rs 12,434 crore, revenue up 3.5%

The company announced an interim dividend of Rs 28 per share.

Godfrey Phillips to sell 24Seven business, plans to exit from retail sector

Revenue of 24Seven in FY23 was Rs 396 crore, contributing 9.3 per cent of the total revenue from operations for the company

GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale

US-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million

NCLAT stays insolvency proceedings against Deccan Charters till April 26

Deccan Charters provides services such as aircraft maintenance, aviation training and charter services of helicopter and fixed-wing aircraft

Japan's MUFG discusses buying 20% stake in HDFC Bank's IPO-bound arm

The move marks the latest in a string of acquisitions by Japan's top banks in India

Air India operationalises five new contact centres to assist customers

Air India has operationalised five new contact centres, including in Cairo and Kuala Lumpur, to provide assistance to its customers worldwide

Adani Group seeks $750 mn from banks to pay for conversion of warrants

As of March, Adani family had reportedly made an initial payment of Rs 6,661 crore for the conversion of warrants allocated by Ambuja Cements

TCS accused of firing US workers in favour of Indians on H-1B visa

TCS has faced accusations of favouring H-1B visa holders over American workers, with discrimination claims related to race and age being levelled against the company

Vodafone Idea to launch country's largest $2.16 bn follow-on public offer

The public offering will open for bids on April 18 and close on April 22

Troubles for Indian IT firms linger as clients tighten their budgets

Accenture Plc lowered its revenue outlook last month, citing a pullback in software spending by Wall Street firms, which are among the Indian companies' biggest clients

Bharti Hexacom set to start trading after country's biggest IPO in a year

Bharti Hexacon's IPO is the country's largest since Mankind Pharma Ltd. raised Rs 4,330 crore a year ago

Unilever faces new risk as India's consumers turn pickier, more demanding

India's personal-care sector is estimated to become a $33 billion market by 2027 from $20 billion in 2022, according to Redseer Management Consulting Pvt

Hopes of the commodity upcycle seem priced in for Vedanta stock

The group derives 38 per cent of its EBITDA from aluminium, 41 per cent of EBITDA from zinc and 14 per cent from oil

India Inc capital expenditure story gets cement to semiconductor push

The private capex momentum is being led by conglomerates such as Tatas, Reliance Industries and Adani group, among others

Adani Green's Khavda power plant world's largest, 5 times the size of Paris

Adani Green Energy Ltd, India's largest renewable energy company, will invest about Rs 1.5 lakh crore to generate 30 megawatts of clean electricity at Khavda in Gujarat's Kutch

CNH's India technology centre to be the largest by the end of CY24

The centre, which has a headcount of 700, will touch 1,000 by the end of CY24

SBI refuses to disclose details of electoral bonds under RTI Act

Supreme Court directed the SBI on February 15 to furnish the complete details of the bonds purchased since April 12, 2019 to the EC

Nearly one in two luxury cars sold in March quarter was Mercedes Benz

Overall luxury car sales have grown 14% in first three months of 2024