Page 929 - Company News

CCI approves Minda Corporation's proposed 8.79% stake purchase in Pricol

Minda Corporation is in the business of manufacturing of auto components and caters to Original Equipment Manufacturers (OEMs) and Tier-1 in various segments in India

HDFC Life launches health cover for Indian students studying overseas

The plan, available in four options, provides coverage of up to USD 3 million, offering flexibility in cover terms ranging from three months to one year, the insurer said

A third of withdrawn insolvency processes fully settled, says IBBI

IBBI said that the credible threat of the code that a company may change hands has changed the behaviour of debtors

ATR sees India as its biggest market in 10 years as air travel demand soars

ATR, a joint venture between Airbus and Leonardo, currently has around 1,400 aircraft operating globally

PNB Housing Finance offer limited period fixed deposit rates for 23 months

These interest rates are applicable on all new and renewed fixed deposits booked until March 31, 2024, with a minimum deposit amount of Rs 10,000

Walmart's International Q4 sales growth driven by Flipkart, Mexico, China

Walmart International comprises the retail giant's operations outside the US, including retail websites

TCS chief says no cutting down on hiring, but wants to end work from home

The statement comes amidst a report that the software industry is going soft on hiring as demand falters from their key markets and some of them are even going back on their campus offers

Paytm doubling down on banking partnerships to streamline business

The company is moving swiftly to finalise these partnerships after the Reserve Bank of India (RBI) extended the deadline for restrictions on deposit and credit transactions of Paytm PB to March 15

Swan Energy's QIP opens with starting price fixed at Rs 703 per share

Swan Energy, in December 2023, acquired Reliance Naval and Engineering through Hazel Mercantile, a special purpose vehicle

Mass production of LCD displays can start in India in 18-24 months: Innolux

Vedanta has onboarded Innolux as a technology provider to set up a display screen manufacturing unit at an estimated cost of $3-4 billion in the country

Conscious call not to accept high cost deposits, says HDFC Bank CEO

HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

A-I, Vistara merger in progress, awaiting approvals: Singapore Airlines

For the three months ended December 2023, SIA Group reported an operating profit of SGD 609 million, a decline of 19.3 per cent compared to the year-ago period

NCLT allows Tata Steel's proposal to withdraw merger with TRF Ltd

On February 7, Tata Steel had said that its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a turnaround in its business performance

Sebi takes steps to boost ease of doing biz, compliance reporting

The onus of obtaining and reporting the FATCA and CRS certification and related compliances will lie with the respective intermediaries

Sun Pharma to acquire 16.33% stake in Surgimatix for $3.05 million

The cost of acquisition is $3.05 million, the filing said, adding that the acquisition is expected to be completed by February 2024, subject to fulfilment of certain conditions

NSE, Goa govt ink pact to facilitate fund raising for MSME sector

Sriram Krishnan, Chief Business Development Officer of bourse said that NSE Emerge enables SMEs to raise capital efficiently and increase visibility through listing on stock exchange

Ramkrishna Forgings receives order worth $220 million in North America

The Kolkata-based company is a manufacturer and supplier of closed-die forgings of carbon and alloy steel, micro-alloy steel and stainless steel forgings

Zee Entertainment reaches out to Sony to revive terminated merger

Another source said ZEEL never stopped working for a possible reconciliation dialogue citing that it was ZEEL that moved to NCLT to make the merger happen

Whirlpool sells 24% stake in India unit for $468 mn, now holds 51%

Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75% to 51%

Raymond Realty launches Bandra project with Rs 2,000 cr revenue potential

In a regulatory filing, Raymond Ltd informed that the company has launched its first project outside Thane through a joint development agreement (JDA) with a land owning entity