Page 2 - Companies

Dabur challenges Colgate as India-US trade tensions hit toothpaste ads

Consumer goods company Dabur, valued at $11 billion, took out a front-page newspaper advertisement this week carrying photos of unbranded toothpaste packs that resemble Colgate packaging

Himachal directs companies to spend CSR funds within state: Minister

Himachal Pradesh government will ensure multinational companies set up in the state do not spend their CSR funds outside, Industries minister Harshwardhan Chauhan said in the Assembly on Friday. Raising the issue during the question hour, Sanjay Awasthi (Congress) named two large companies that are located in his Arki constituency and said the people there have been affected because of their projects, but funds under the corporate social responsibility (CSR) are not being used by them for the welfare of the locals. Responding to the remarks, Industries minister Harshwardhan Chauhan admitted that multinational companies were spending CSR funds in other states and not in Himachal. He assured that the government will enquire about the complaints regarding violations of environmental safeguards. Congress MLA from Doon Ram Kumar stressed that CSR funds should be used at the places where such companies are located and BJP MLA from Bilaspur Trilok Jamwal also complained that the company i

Indian company borrowing costs see steepest rise since 2022 on fiscal risks

The average yield on top-rated three year company notes climbed 26 basis points in two days through Tuesday, set for the steepest weekly gain since November 2022, data compiled by Bloomberg show

CleanMax to raise ₹5,200 cr via IPO; DRHP filed with Sebi for approval

The IPO, with a face value of ₹1, comprises a fresh issue of shares worth up to ₹1,500 crore and an offer-for-sale of up to ₹3,700 crore by promoters and investors

Nikhil Kamath invests ₹137.5 crore in Goldi Solar to expand capacity

Zerodha co-founder Nikhil Kamath invests ₹137.5 crore in Goldi Solar, supporting its expansion into solar cell manufacturing and capacity growth in renewable energy

Sebi extends portfolio rebalancing timelines to all passive breaches in MFs

Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs). Passive breaches generally do not happen due to the omission and commission of Asset Management Companies (AMCs). The mandated rebalancing period for all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), is 30 business days. Such breaches may be caused by corporate actions, significant price movements in underlying securities, maturity of instruments, or large-scale investor redemptions. The clarification came in the wake of a recommendation made by the Mutual Funds Advisory Committee (MFAC) and is aimed at ensuring consiste

Jeffrey Mark Overly appointed new chairman of auto parts maker Sona Comstar

Overly, an independent director since 2021, brings over four decades of global manufacturing experience to the role following the passing of former chairman Sunjay Kapur

Berger is number 2 by a margin in the decorative paint space: MD & CEO

Acquisitions are a high risk strategy; there are advantages in utilizing one's own strengths

Japan firms to face fines if they fail to protect workers from heat waves

Businesses will face potential penalties including fines of 500,000 yen ($3,475) if provisions aren't sufficient

Perishables fuel Air India's cargo growth amid cold chain overhaul

Air India's perishables cargo rose 37% in two years as it expanded cold chain infrastructure, added tech tools, and grew flight capacity on key international routes

Perfetti Van Melle India aims for ₹4,000 crore revenue in FY26

After closing FY25 at Rs 3,500 crore, the confectionery maker expects FY26 to be stronger, driven by improved demand, distribution depth and product mix shifts

EV biz to breakeven when monthly sales reach 25K units: Hero MotoCorp CFO

Hero MotoCorp aims to break even in its EV business by reaching 25,000-30,000 monthly unit sales, with FY25 sales up 175% and EBITDA improving to -95%

Vi files fresh petition in SC, seeks ₹30K crore waiver on AGR dues

Telco seeks waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues towards penalties and interest as Supreme Court hearing is expected on 19 May

JB Pharma Q4 results: Profit up 15% to ₹145.6 cr; revenue rises 10%

JB Pharma posts strong FY25 performance with 19.3% profit growth; domestic business up 20%, CDMO segment and Russia drive international gains

Axis Bank Q4 results: Net profit remains flat at ₹7,118 crore, NII up 6%

Net interest income in the third quarter rose 6 per cent to ₹13,811 crore, NII was ₹13,089 crore in the fourth quarter of the previous financial year

Zomato denies report of food delivery CEO Rakesh Ranjan stepping down

Earlier reports claimed that Ranjan was stepping down as part of an internal reshuffle, with Zomato co-founder Deepinder Goyal expected to take interim charge

Hyderabad-based Hearzap announces Rs 8-cr ESOP, to double expansion by FY28

Furthermore, with a projected revenue growth of 20 per cent in FY 2024-25, this initiative would empower team members to build personal wealth while growing with the organisation, the company believes

Some upper-layer NBFCs can be good substitute for banks: Sanjiv Bajaj

In next 10-15 years, India needs around four large capable, mature NBFCs, says Bajaj Finserv's Chairman and Managing Director Sanjiv Bajaj

People at 'dheerga ayush' companies learn, grow and stay curious

Fulfilment presumes that there is some deep ambition and a personal purpose. It may be prosaic, like feeding your family, or philosophical, like providing music as soup for the soul

Nivara Home Finance raises Rs 245 cr in Series B round led by True North

True North Fund VII will invest Rs 170 crore, while Baring PE India and the promoters, Sunil Rohokale and Monik Koticha, will contribute Rs 50 crore and Rs 25 crore, respectively