Page 924 - Company News

'Sitting with eyes closed': SC rebukes Centre over misleading Patanjali ads

The Supreme Court had warned Patanjali Ayurved against disseminating 'false' and 'misleading' claims in its advertisements

Corporate affairs ministry probing Chinese cos linked to mobile loan apps

The senior official told PTI that enquiries by the ministry are going on against various Chinese companies, especially those linked to loan apps, and some of the enquiries are at an advanced stage

Volkswagen Group's Skoda eyes larger share in India with new small SUV

Volkswagen and Skoda, which form the bulk of sales for the Volkswagen Group, have a 2.2% market share in India

Zoho launches PoS solution called Zakya for small, medium enterprises

Digital service priced at Rs 649 per month helps in inventory management, omnichannel sales and other back-office tasks

Adani Green Energy to raise $409 million via US dollar-denominated bonds

Since then, most of the group's foreign bonds are back above the levels they traded at before the Hindenburg report, giving the company comfort to look at a fresh issue of dollar bonds

Zydus Lifesciences announces share buyback of Rs 600 cr; to open on Feb 29

The buyback will open on February 29 and the share repurchase programme will close on March 6, 2024

India to have largest R&D presence outside US by 2025: Bristol Myers CEO

Bristol Myers also operates a research and development centre in Bengaluru in partnership with the Biocon Group's Syngene International

Zydus Lifesciences' Rs 600 crore buyback offer to open on Feb 29

The company proposed to buy back up to 59,70,149 shares at Rs 1,005 apiece for an aggregate consideration not exceeding Rs 600 crore, it stated

Jana Small Finance Bank gets RBI nod to re-appoint Ajay Kanwal as MD & CEO

On February 14, Bengaluru-based Jana Small Finance Bank was listed at a 4 per cent discount of its initial public offering price

NCLT approves Hinduja firm IndusInd's resolution plan for Reliance Capital

The Mumbai bench of the NCLT approved the plan submitted by IIHL (IndusInd International Holdings Limited) in June 2023 in the second round of bidding for the debt-laden company

94% of Indian companies to reskill employees due to impact of AI: LinkedIn

The LinkedIn report also highlights that 48 per cent of India's hiring managers are providing career progression opportunities to their existing employees

MG Motor India, JSW Group joint venture may go live in a few weeks

MG expects EV penetration in India to hit 4% in CY24

Here's how Centre is gearing up BSNL to compete with private telecom peers

The measures include network upgradation, employee cost rationalisation and a proposal to provide more value-added services

Online travel firm Expedia to eliminate 1,500 jobs as its growth moderates

The company and its online travel peers such as Airbnb Inc. and Booking Holdings are contending with moderating travel growth

Zee saga: Sony's spurned target shows pitfalls of tempting Indian M&A

To foreign investors, the Sony-Zee saga is a reminder of the need to approach Indian deals with an abundance of caution

Voda Idea likely to bring in new equity partners; board meeting on Tuesday

The company's board of directors is meeting this Tuesday to decide on the amount of the fundraise

Vedanta coupon payment on $894 million bond booked With 7 days delay

As part of the agreement, Vedanta paid investors $57 million up front for bond due in August 2024 and extended the maturity of the remaining $894 million in principal

Amazon Pay gets final approval from RBI to operate as payment aggregator

The company added that the authorisation from the banking regulator would enable it to strengthen its distribution channels

Uber way behind Ola in India: Bhavish Aggarwal responds to Khosrowshahi

Uber chief had said Ola was foraying into other areas but Uber was focused on ride-sharing business

Whirlpool accelerates debt reduction as interest rates stay high: Report

Whirlpool raised $300 million in the US investment-grade bond market on Feb. 22 to refinance a 2024 maturity