Page 966 - Company News

Jindal Steel cuts export forecast on Red Sea crisis, weaker EU, US demand

The company is exploring "new options" and a "variable freight model", Jindal said, as part of efforts to deal with the challenges posed by attacks launched by the Iran-allied Houthi militia on ships

SC denies bail to Yes Bank realtor Sanjay Chhabria in money laundering case

A bench of Justices Bela M Trivedi and Pankaj Mithal said the offence is serious and the high court considered everything

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

Before the merger, the bank's return on equity was above 17 per cent, but it has since declined to 15.8 per cent as of December-end

Hindenburg report anniversary: We have emerged stronger, says Gautam Adani

Sustained focus on operations yielded the highest-ever quarterly profit in the second quarter of current fiscal, Gautam Adani said

DLF sales bookings jump 2-fold to Rs 13,316 cr in Apr-Dec on high demand

In the 2022-23 fiscal, DLF's sales bookings stood at a little over Rs 15,000 crore, and it is likely to clock higher numbers in the current fiscal

Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons

In another filing by Wipro, Rishad Premji informed that 5,115,090 equity shares of Wipro Ltd has been received as gift from Azim Premji

A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant

While Sony's India head sought to rally the morale of his employees in a letter Wednesday, it was thin on details on how it plans to fend off rivals

Ranjan Pai to own 40% in Byju's Aakash Institute, make it debt-free

Aakash Institute's board has approved the conversion of Ranjan Pai's $300 million investment, making him the principal shareholder and rendering the company debt-free

FAA approves inspection process to clear way for grounded Boeing planes

Boeing said it will work with the FAA and the airlines to get the grounded planes back in the air

Bofa Securities offloads shares of 6 cos, including Infosys, for Rs 377 cr

Bofa Securities Europe SA also disposed of shares in TVS Motor Company, Dabur India, and Page Industries

Kinetic Green to roll out e-Luna next month, bookings start on Jan 26

The e-Luna comes to the market five decades after the launch of the Luna moped

Fidelity reduces valuations of Meesho, Pine Labs as of October 2023

In September 2021, Fidelity led a $570 million round in Meesho along with B Capital Group, a venture capital firm co-founded by Facebook Co-Founder Eduardo Luiz Saverin

Pharma sector can be of $200 bn by 2030 on innovative drugs: Biocon chief

Terming the pharmaceutical sector as a great contributor in the country's economic growth, she noted that the industry has even greater potential to grow in the years to come

RBL Bank targets 20% loan growth over next two financial years: CEO

"We are trying to get into areas which are futuristic ... and have a better management of the capital," R Subramaniakumar told Reuters in an interview

Tech Mahindra Q3 results: Net profit declines by 60.6% to Rs 510 cr

The consensus seems to be that second half of the calendar year is when people will start to see recovery. I don't think the recovery will be simultaneous across geographies and sectors,' said Joshi

Tesla plans to build new EVs in mid-2025, to compete with cheaper gas cars

Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs, such as those made by China's BYD

Cos to submit bank details to GST officers in 30 days of registration: GSTN

GSTN further said that a new functionality is being developed as per which taxpayers whose registration is suspended for non-submission of bank account details would be intimated through Form REG-31

Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal

Meanwhile, Sony India is going full steam ahead with its plans without Zee and said it is looking for both organic and inorganic growth opportunities in India

Magma Ventures sells Poonawalla Fincorp's shares worth Rs 200 crore

Magma Ventures, an entity owned by Chamria Family, disposed of shares of Poonawalla Fincorp on the National Stock Exchange (NSE)

E-commerce order volumes surge 18.7% during Republic Day sales: Unicommerce

The growth of e-commerce during the sale period was supported by attractive deals and nationwide marketing campaigns done by leading marketplaces, the report said