Page 956 - Company News

Govt to complete IDBI Bank strategic sale in FY25: Dipam Secy Pandey

The government expects to complete the strategic sale of IDBI Bank in the next financial year, a senior official said

In 2 days, Paytm erases $2 bn in market value as RBI action spooks market

Paytm is now down about 77 per cent from its initial public offering in 2021

Will focus on compliance first, and not technology, says Paytm CEO

Paytm to pause lending operations for a few weeks to address partners' concerns; 30,000 slaes force already working with merchants

Key shareholders of Byju's call for EGM, want CEO Raveendran to quit

The current board of Byju's parent Think and Learn mainly consists of Raveendran, his wife and Byju's co-founder Divya Gokulnath, and his brother Riju Ravindran

Paytm hits lower circuit, shares down 20% after RBI's restrictions

Paytm expects an impact on its annual Ebitda (earnings before interest, taxes, depreciation and amortisation) in the range of Rs 300 to Rs 500 crore

KKR, 2 other entities sell Indus Towers' share worth Rs 3,978 crore

KKR through its arm Silverview Portfolio Investments Pte offloaded shares of telecom infrastructure major Indus Towers on the BSE

TVS Motor vehicle sales grow 23% to 339,513 units in January 2024

Sale of two-wheelers registered a growth of 25 per cent with sales increasing from 264,710 units in January 2023 to 329,937 units in January 2024

Honda Motorcycle domestic overall sales rise 42% to 419,395 units in Jan

Exports grew a whopping 102 per cent year-on-year at 36,883 units in the previous month, it stated

Tata, Pegatron in talks for iPhone assembly facility in Tamil Nadu: Report

Tata is building the iPhone assembly plant in Hosur city, which will be its second such facility in the country. The move comes as Apple and its contract manufacturers are rapidly expanding

Coal India production rises 9.1% to 78.4 million tonnes in January

The company had produced 71.9 MT of coal in the corresponding month of previous fiscal, Coal India Ltd (CIL) said in a filing to BSE

Chhattisgarh's SAIL-Bhilai Steel Plant creates a national record

BSP's Steel Melting Shop 2 produces cast blooms from its bloom casters. The blooms are then rolled into rails at Rail and Structural Mill

Byju's shareholders schedule meeting to oust edtech CEO and board: Report

This is the first time shareholders have banded together to issue a statement calling for a change in leadership at Byju's

Ashok Leyland total vehicle sales decline by 7% to 15,939 units in January

The Light Commercial Vehicle (LCV) segment volumes fell 7 per cent to 5,721 units in the reported month from 6,150 vehicles sold in January 2023, Ashok Leyland said

Royal Enfield sales rise 2% at 76,187 units in Jan, exports decline

The domestic sales were up 4 per cent at 70,556 motorcycles last month compared to 67,702 units while exports declined 20 per cent at 5631 units from 7044 units in January 2023, it stated

BharatPe fraud: Ashneer Grover, wife move HC challenging lookout circular

It is too hot in the day for this court to intervene now. Come after sometime. The investigation is at a nascent stage and they will take some time to investigate, the high court said

Day after RBI order, Paytm says it will 'accelerate' work with other banks

Paytm's parent added that it expects this action to have an impact of Rs 300 to 500 crore on its annual EBITDA

Maruti Suzuki's total vehicle sales rise 5% at 199,364 units in January

This was the highest-ever monthly sales volume for the Gurugram-based car maker, as per the statement

Reliance, Bodhi Tree set for 60% stake in Disney India merger: Report

The valuation of Disney's India unit is sharply lower than the $15-$16 billion estimated when Disney acquired it in 2019

Red Sea disruption causing delays, higher costs: Adidas CEO Bjorn Gulden

Shipments are currently delayed by about three weeks, CEO Bjorn Gulden said, and that is causing some delivery issues, especially to Europe

Tata Motors total vehicle sales climb 6% to 86,125 units in January

During the last month, total domestic sales stood at 84,276 units as against 79,681 units in January 2023, logging a 6 per cent year-on-year growth