Page 960 - Company News

Sony scrapped $10 bn merger as Zee failed to meet financial terms: Report

India's Zee denied the allegations in a letter to Sony, also reviewed by Reuters, and accused the Japanese company of "bad faith" in calling off the merger

Nuvoco Vistas Q3 results: Profit stands at Rs 31 cr, revenue at Rs 2,421 cr

The turnaround came on a revenue of Rs 2,421 crore and a 55 per cent jump in operating profit to Rs 421 crore, the company said in a statement

Adani Group central to India's economic ambitions, says US-based analyst

These investments, it said, are paramount for India to drive productivity growth, as GDP per capita of $2,250 is meaningfully below that of China ($12,556)

Grasim Industries Rs 4,000 crore rights issue over subscribed two-fold

The company has received a cumulative bid for nearly 4.34 crore shares as against 2.21 crore shares offered by the Aditya Birla Group firm, according to an exchange filing

Mixed outlook for Tata Steel stock as global demand remains soft

In Q3FY24, Tata Steel's standalone revenue increased by 2 per cent year-on-year (Y-o-Y) to Rs 34,700 crore, in line with consensus

Cash-strapped Byju's to raise $200 mn after taking 99% valuation cut

Equity rights issue likely at post-money valuation of $230-250 million

Our goal is 10% increase in sales within India in 2024: realme founder

Li, speaking at the launch of realme 12 Pro Series 5G, said that the company's expectations from India are high this year, with key growth drivers strategically aligned

Air India pilots' unions flag concerns over duty timings, safety issues

The Indian Commercial Pilots Association (ICPA) and Indian Pilots' Guild (IPG) have written to Air India Managing Director and Chief Executive Officer Campbell Wilson flagging the issues

Launch delays key risk to outlook for pharma company Cipla stock

The company reported a 13.7 per cent increase in sales to Rs 6,603 crore led by 11.5 per cent growth in the India business

Jio cements market lead, adds 3.45 mn mobile subscribers in Nov: Trai data

Vodafone Idea, however, slipped further losing 10.7 lakh subscribers in November, the monthly subscriber data by Telecom Regulatory Authority of India (TRAI) showed

BLS E-Services collects Rs 126 crore from anchor investors ahead of IPO

Sixteenth Street Asian Gems Fund, Saint Capital Fund, Silver Stride India Global Fund, Aries Opportunities Fund, Aidos India Fund are among the anchor investors that have been allotted shares

Adani Energy Solutions appoints Kunjal Mehta as CFO with effect from Apr 1

The development follows the resignation of incumbent Chief Financial Officer (CFO) Rohit Soni on Monday, Adani Energy Solutions Ltd (AESL) said in an exchange filing

PNB board approves fund raising of Rs 7,500 cr via share sale in FY25

The board gave nod for raising of equity capital for an amount aggregating up to Rs 7,500 crore in one or more tranches during FY2024-25 through QIP/FPO

Mahindra Logistics Q3 results: Loss at Rs 17.41 crore, expenses jump 6%

During the quarter, a 6% jump in total expenses to 14.13 billion rupees outweighed a 5% rise in revenue to 13.97 billion rupees

Ride-hailing app Namma Yatri begins operations in Chennai, plans expansion

With nearly 10,000 drivers already on board, Namma Yatri plans to add 100,000 drivers in the next six months, the company said

Vedanta Aluminium adopts 2-pronged strategy to reduce carbon footprint: CEO

The company is forging enduring tie-ups with its communities for inclusive development, Vedanta Aluminium CEO John Slaven said in a statement

Sunteck Realty to develop two projects in Mumbai, eyes Rs 3,000 cr revenue

In a regulatory filing, the company said it is set to enter two of Mumbai's most exclusive and sought-after locations -- Nepean Sea Road in South Mumbai and Bullock Road, Bandstand in Bandra (West)

Delhi HC upholds validity of anti-profiteering provisions under GST

The court held that anti profiteering provisions pertain to commensurate reduction of prices when gst rates are reduced or due to input tax credit and hence these provisions are in public interest

Rolls-Royce, Azad Engineering partner to make defence aero-engine parts

The sourcing of complex components from India for aero-engine programmes further advances the goal of capability creation in the country, company said

Jaiprakash Power Ventures Q3 results: Net Profit at Rs 172.85 crore

Jaiprakash Power Ventures Ltd (JPVL) on Monday posted a consolidated net profit of Rs 172.85 crore in the December quarter compared to the year-ago period.