Page 885 - Company News

Income Tax dept imposes Rs 103.63 crore penalty on Tata Chemicals

Shares of Tata Chemicals settled 0.31 per cent higher at Rs 1,035.10 per cent on the BSE

Aster DM's deal to separate India and GCC businesses nears completion

In November 2023, Aster DM had received corporate approvals to separate its India and Gulf Cooperation Council (GCC) businesses into two distinct and standalone entities

Kia India to increase prices of vehicles by up to 3% from April 1

The decision is attributed to the escalation in commodity prices and supply chain-related inputs, the automaker, which sells models like Seltos, Sonet and Carens, said in a statement

Schneider Electric invests Rs 100 cr in new cooling factory in Bengaluru

Eighty-five per cent of the products manufactured in this factory will be exported, significantly catering to the data centre segment, as well as to buildings, industry, and infrastructure

TCS signs 7-year deal to transform IT infrastructure for Denmark's Ramboll

TCS will provide services to manage Ramboll's Cloud and data centres, application development, maintenance

Naveen Jindal takes charge as president of the Indian Steel Association

Naveen Jindal has been unanimously elected as the president of ISA by the apex committee, the governing body of Indian Steel Association

Tata Cummins starts new facility for hydrogen-based engines in Jamshedpur

Apart from the engines, the factory will also manufacture low to zero-emission technology products

Schneider Electric to invest Rs 3,200 crore to make India manufacturing hub

Under the plan, Schneider Electric on Thursday inaugurated a facility with Rs 100 crore investment to produce cooling solutions for data centres in Bengaluru

Volkswagen to begin electrification journey later this year with ID.4

The company, which unveiled the ID.4, expects the Indian passenger vehicles market to grow 5-7 per cent this year while it is targeting 10-15 per cent growth for itself

M&M, Adani Total Energies join to set up EV charging infra across India

With this association, electric vehicle XUV400 customers will now have access to more than 1,100 chargers, it added

Shapoorji Pallonji Group seeks up to $2.4 bn from lenders to refinance debt

The group, controlled by Indian billionaire Shapoor Mistry, has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the people said

HDFC Bank completes Rs 9,553 cr stake sale in education unit HDFC Credila

Central bank had asked private lender to reduce its shareholding in HDFC Credila

RBI declines request to classify HDFC Ltd bonds as infrastructure bonds

HDFC bank had sought the RBI's approval to classify bonds with maturities between 7-10 years, worth around Rs 1.2 trillion, as infrastructure bonds

Misleading ads case: Patanjali MD Acharya Balkrishna submits apology to SC

In an affidavit submitted to the Supreme Court, Balkrishna apologised for the misleading ads and claimed that the intention of the company was to solely promote Ayurveda

Burmans ask Care Health to cancel Rs 350 cr ESOP given to Religare's Saluja

Dabur owners, the Burman family, has increased their stake in Religare to 25.18%, which allows them to block special resolutions at Religare

Defunct SVB Group to sell Indian subsidiary to First Citizens Bancshares

SVB Financial Group is currently seeking approval from a bankruptcy court, with a hearing scheduled for April 9. The company anticipates that the transaction will close after this hearing

Is new EV policy doing enough to lure Tesla to make electric cars in India

Domestic players such as Tata Motors and Mahindra & Mahindra opposed any move to reduce duties on fully-built cars

Ultrahuman raises $35 mn to accelerate growth, research in health space

By collating a large set of biomarkers on an integrated platform across a range of products, Ultrahuman is able to create a grand unified view of the human body

Sebi to issue corrigendum on summons issued to Zee founder Subhash Chandra

The market regulator's statement comes in a response to the petition filed by Chandra alleging that the summons issued by Sebi is effectively a show cause notice and contains "conclusive" allegations

NCLAT directs 11 PSBs to not take action against IL&FS till next hearing

A two-member NCLAT bench headed by Chairperson Justice Ashok Bhushan also issued notices to the banks, along with the Reserve Bank of India (RBI), directing them to file a reply