Page 79 - Companies

Dr Reddy's acquires Mayne Pharma's USA prescription portfolio for $105 mn

The acquisition will complement DRL's US retail prescription pharmaceutical business with limited competition products

Valuations, demand uptick hopes favour Indian metal companies

Most metal players have underperformed the benchmarks over the past year

Norway sovereign fund raised Ambani bets ahead of Adani Group exit

Overall India bets have nearly doubled since pandemic began

HC asks Centre to decide on attaching DMRC's assets for payment to RInfra

The court also made it clear that if the Centre refused the sanction, it has to disclose the reasons for the same, so that the Court could take a view thereon

Setting up green ammonia plant in India: Essar group's Prashant Ruia

"The project will be funded through both debt and equity and we will approach banks in India and abroad for debt"

Zomato approaches restaurants to hike commission charges by 2-6%: Report

For the past two years, Zomato has been charging 18-25 per cent commission per order for deliveries

Centre to ask HZL to go for share swaps, warrants for $2.98 bn Vedanta deal

On January 19, the board of HZL approved the acquisition of zinc assets of THL Zinc Ventures, a subsidiary of Vedanta Ltd

We will look at a wider spectrum of Green economy companies: Renuka Ramnath

Consistent with that strategy, we feel that "clean mobility" is going to be a space that will create growth

Half of Myntra's beauty product orders now come from Tier-2 and 3 cities

The Walmart-owned fashion retailer is scaling up its operations to tap the BPC market, which is expected to grow $38 billion by 2028

New platforms less compliant on mandatory display of details online: survey

Findings of the LocalCircles study escalated to Dept of Legal Metrology for further review and corrective action

Maruti Suzuki's rural market sales racing to reach the urban mark

Maruti Suzuki says proudly that they have helped to sell at least one car in 4.18 lakh villages

Ericsson plans to lay off 8,500 staff worldwide to reduce expenses

This would be the largest layoff in the industry. Analysts predict that North America would likely be worst affected

Early summer to boost white goods, premium segment to grow in double digits

Most firms anticipate high demand for ACs, refrigerators, coolers and fans, and are running at full production capacity to ensure they have enough inventory to meet demand

NCLAT stays insolvency against Zee Entertainment on Punit Goenka plea

Goenka moved the NCLAT on Thursday, a day after the Mumbai bench of the NCLT admitted insolvency proceedings against Zee on a plea filed by IndusInd Bank -- a financial creditor of Zee

Startup GoMechanic announces turnaround in core business in January

Automobile after-sales service startup GoMechanic on Friday announced a turnaround in its core business in January. The company, which admitted to errors in financial reporting last month, said it serviced 30,000 vehicles last month, which is 70 per cent of the peak sales it achieved in July 2022. GoMechanic continues to see strong auto servicing volumes in most of its markets, with Delhi-NCR contributing the most, it said in a statement. Other top geographies are also showing good traction, sustaining the business on a month-on-month basis in terms of car servicing volumes, it added. It claimed that over 800 workshops remained active in the network. "The entire founding team remains focused on not just surmounting the formidable challenge before us but in ensuring a sustainable solution and not just a temporary quick fix," a GoMechanic spokesperson said. Besides recalibration on the business strategy front, the company took some painful but unavoidable decisions last month, the

Adani group to hold fixed-income investor roadshow in Asia next week

The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month

Bank of Baroda CEO Chadha says willing to continue lending to Adani group

Bank of Baroda will extend loans to the conglomerate if it meets the lender's underwriting standards, said Sanjiv Chadha

NTPC pays Rs 4,121.08 crore as interim dividend to shareholders for FY23

State-owned NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore to its shareholders for the financial year 2022-23. The dividend paid is 42.50 per cent of the paid-up equity share capital of the company, NTPC Ltd said in a statement on Friday. "NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore today for the financial year 2022-23. This is the 30th consecutive year that NTPC Ltd has paid a dividend," it said. Under the Ministry of Power, NTPC is the largest power producer in India, which contributes 24 per cent of the total electricity produced in the country.

Amazon to integrate its logistics and SmartCommerce offerings on ONDC

This will be Amazon's first collaboration with ONDC; firm says it will continue to explore scope for stronger integration between the two in the future

PineBridge looks past Adani Group saga to load up on stocks in India

The stock meltdown offered an entry point into what's historically an expensive market, according to Kelly, who also sits on PineBridge's management committee