Page 951 - Company News

RBI approves HDFC Bank Group's proposal to acquire 9.5% in IndusInd Bank

The RBI has said that HDFC Bank needs to acquire major shareholding within one year from February 5, 2024, failing which the approval shall stand cancelled

Petronet to sign LNG deal with Qatar for supplies past 2028: Report

India wants to raise the share of natural gas in its energy mix to 15 per cent by 2030, up from 6.2 per cent currently, as part of an effort to cut emissions

Jio Financial Services denies being in talks to acquire Paytm's wallet biz

Paytm news: Paytm has also denied the news stating it was 'speculative'

Paytm Payments Bank and RBI ban: What went wrong and the story so far

RBI Paytm Payments Bank news: After the ban announced on January 31, the shares of One97 Communications Ltd have fallen over 43% and are near their all-time low

S P Apparels announces acquisition of Young Brand Apparel for Rs 223 cr

This includes the garment unit situated at Palladam of Bannari Amman Spinning Mills, and the land and building situated at SIPCOT

Reserve Bank's decision to freeze Paytm shows faulty understanding

Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29

Snap, owner of Snapchat, plans to lay off about 10% of its global workforce

This isn't the first time Snap has eliminated jobs. The Santa Monica, California-based company announced in August 2022 that it planned to cut about 20 per cent of its global workforce

McDonald's Oct-Dec results: Sales rise 3.4%, hit by West Asia boycotts

Customers in the West Asia were angered after McDonald's Israel which is operated by a local franchisee announced in October it was providing free meals to Israeli soldiers

Mubadala, 2 other funds acquire 8% stake in Manipal Health Enterprises

Mubadala Investment Company in a statement on Monday said that it is investing in Manipal Health Enterprises. Temasek will continue to hold a majority stake in Manipal, it added

Bharti Airtel Q3 results: Consolidated net profit rises 54% to Rs 2,442 cr

ARPU rises to Rs 208 from Rs 203 in Q2

Delhi High Court tells SpiceJet to pay Rs 50 crore to Kalanithi Maran

The court said the payment shall be made subject to the outcome of SpiceJet's appeal challenging the interest amount awarded by the arbitral tribunal

Fintech major Paytm denies reports on violation of foreign exchange rules

On Monday, media reports quoting sources claimed that the Enforcement Directorate (ED) was investigating if platforms run by OCL were involved in violations of FEMA

Working with 5.5 million people under CSR initiative, says HCL Foundation

Nidhi Pundhir, Vice President, Global CSR, HCLTech, and Director, of HCL Foundation, said, "We have contributed significantly during emergencies such as the Michaung cyclone, and cold wave in Delhi

Vanguard slashes Ola's valuation by another 29% to $1.88 billion

Third markdown by US firm since February 2023

Strata acquires Bengaluru's iconic CCD headquarters for about Rs 150 crore

"We are thrilled to unveil the CCD Square, a grade-one commercial property that embodies our commitment to excellence and innovation," said Sudarshan Lodha, Co-founder and CEO, Strata

SBI Mutual Fund looks to garner up to Rs 4,000 cr from energy-focused NFO

The new fund offer opens on February 6 and closes on the 20th, Shamsher Singh, managing director & chief executive said

Adani Total Gas signs agreement with INOXCVA to strengthen LNG ecosystem

ATGL is authorised in 33 Geographical Areas and plays a significant role in the nation's efforts to enhance the share of natural gas in its energy mix

ArcelorMittal Nippon Steel joint venture targets 20% emission cut by 2030

The report also sets out a series of strategic investments, pilots, and partnerships to accelerate the uptake of breakthrough technologies necessary to produce net zero steel in India

SAIL's IISCO steel plant may infuse Rs 20,000-24,000 cr in Bengal

It plans to produce high-end flat hot rolled coil (HRC), including for automotive applications, at its existing site at Burnpur and has received in-principle approval, they added

Paytm working with other banks for continuity of UPI services on its app

Paytm UPI service falls under the Paytm Payments Bank, which was recently restrained by the Reserve Bank of India from taking money from customers after February 29