Page 984 - Company News

Tamilnad Mercantile Bank Q3 results: Profit rises marginally to Rs 284 cr

The bank's total income during the quarter under review grew to Rs 1,387 crore from Rs 1,173 crore registered in the same period last year

Sony-Zee merger: ZEE promises legal action over termination notice

Culver Max and BEPL sent a termination notice with a $90 million fee to ZEEL after Sony cancelled the merger deal valued at $10 billion

Sony-Zee merger timeline: How leadership dispute ended the $10 bn deal

Sony Group Corp has called off its merger with Zee after nearly two years of negotiating the $10 billion deal, which was set to become India's fourth-largest media house

Akshayakalpa Organic announces new, modern dairy facility near Chennai

The facility is equipped with modern-day technology and has an impressive installed capacity of processing 40,000 litres of high-quality organic dairy products daily

Sony notifies Zee Entertainment about its plans to call off the merger

Sony cited conditions of the merger agreement not being met as the reason for the termination, according to the letter seen by Bloomberg.

A year after Hindenburg saga, Adani biz emerges fundamentally stronger

While Adani stocks have risen more than $90 billion from last year's low, they remain about $60 billion short of their pre-Hindenburg peak

Earnings from O2C division may remain volatile for Reliance Industries

The oil-to-telecom conglomerate on Friday reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for the quarter ended December 2023

FMCG companies likely to cash in on Korean noodles trend in India

According to the latest data shared by consumer intelligence firm NielsenIQ, the size of the Korean noodles market has surged from Rs 2 crore in 2021 to over Rs 65 crore in 2023

Tata Motors announces 0.7% price hike on passenger vehicles from Feb 1

The automotive industry has witnessed a trend, with various manufacturers resorting to similar price hikes in the early months of FY24

Data lakes, AI-machine learning tools help auto OEMs in production

Automakers are using these models to make informed, strategic, tactical decisions across domains

Fintech major Paytm plans AI-powered systems to improve business operations

Company expects its postpaid loan disbursal to further shrink in the next two quarters

Murugappa Group arm Tube Investments of India set for big EV push

The company will launch three-wheeler cargo, rickshaw, tractors and four variants of electric HCVs

Nifty50 may see one change, Next50 seven in March rejig, shows data

The cutoff date for calculating the changes to various Nifty indices is January 31. The index provider typically announces the outcome of the rebalancing exercise during the second half of February

Ram temple consecration: Voda Idea enhances network capacity in Ayodhya

Vodafone Idea users can expect elevated and consistent connectivity experience like high-speed data transfer, clear voice calls and seamless video streaming, the company said in a release

Reliance to commission new energy giga complex in Gujarat this year

The Dhirubhai Ambani Green Energy Giga Complex will be among the largest integrated renewable energy manufacturing facilities in the world

Anarock revenue may rise 30% to Rs 575 cr in FY24 on strong housing demand

In the previous year, Anarock had posted a revenue of Rs 440 crore

Steel Authority suspends two directors at direction of anti-graft ombudsman

The suspension will not affect the company's performance, Chairman Amarendu Prakash said in a statement

Tata Motors to hike passenger vehicle prices, including EVs, from Feb 1

The company sells a range of passenger vehicles including Punch, Nexon and Harrier

Kent RO Systems to enter US market, targets Rs 2,000 cr turnover in 3 yrs

Kent RO Systems would manufacture its water purifiers in India under the Black and Decker brand and ship to the US market

Refurbishment work of runway 28/10 complete at Delhi airport, says DIAL

The final work on the technical integration of the runway RWY 10/28, also known as the second runway, is underway and will be completed very soon, according to a release