Page 12 - Indian Companies

Bank of Baroda, Canara Bank, and UCO Bank hike MCLR by 5 basis points

UCO Bank reduces T-bill benchmark linked rates

Merck Life Science partners with Aragen to boost biotech R&D in India

Merck Life Science will supply equipment and technologies to Aragen, facilitating a more efficient clinical-to-commercial process timeline

At 18% export growth rate, India may touch $1 trn goal by 2028-29: PwC

In the "Conservative" case, if exports grow at the rate of 10 per cent, India would have to wait until 2032-33 to meet the target of $1 trillion in exports

No back-door entry for defaulting promoters: FM Nirmala Sitharaman

Statement comes in response to concerns over haircuts in insolvency cases

Improving outlook may drive further gains in Godrej Consumer Products

GCPL has delivered industry-leading volume growth in India and it may record double-digit earnings growth over FY24-26

E-commerce adoption surges in Bharat; tier 4+ users lead as repeat shoppers

With about 80 per cent of its 15 crore annual transacting customers coming from tier 2, 3 and 4 and beyond towns, Meesho has been instrumental in bringing new-to-e-commerce users online

Indian companies dismiss global worries to push ahead with IPO listings

The pipeline underscores investor exuberance in India despite turbulence in global equity markets

NatWest Group expands its footprint in Bengaluru with 370k sq ft office

NatWest believes that the location will serve as a hub for pioneering technology solutions and cutting-edge developments

Revenue a second order effect over customer experience: Ixigo CEO

Online travel aggregator sets sights on doubling flight segment share and outpacing market growth

Godrej Consumer Products to enter into pet care business in India

The maker of Good Knight said it will invest Rs 500 crore in its pet care business over a period of five years

TVS SCS wins 3-year contract from manufacturing firm JCB for Vadodara unit

JCB has been one of TVS SCS's first few clients for more than two decades, with TVS SCS offering aftermarket warehouse services in Bhaproda, Haryana, for parts distribution

Competitors unfazed by Flipkart's 10-minute delivery service foray

Execs at rival players say they'll be concerned only after the e-commerce giant succeeds in this space

Power Finance Corp board did not discuss Shapoorji Pallonji Group loan

Board had sanctioned a loan of Rs 20,000 crore to the SP Group in June

Burmese cuisine restaurant chain raises another $2 mn in equity investment

Earlier in November 2022, the restaurant chain had raised $2 million in a seed round led by Negen Capital

Jharkhand govt to decide soon on land parcels lying unused: Minister

The Jharkhand government will soon decide on large chunks of unused land parcels which are in possession of big companies, the assembly was informed on Friday. The state wants that these resources should be returned to their original owners, state minister Deepak Birua said in the assembly. "Large chunks of land parcels were lying unused by big companies. The government is serious about the issue and we will soon take a decision in this regard," he replied to a query. Chief Minister Hemant Soren has already expressed willingness to set up a commission to resolve the issue of unused land. Earlier, Congress MLA Pradip Yadav raised the issue in the House and said the Centre's Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 provisions that if land, acquired by any company, is not utilised for five years, then it should be returned to the original owner or should go to land bank. "But here, land parcels acquired from original .

Byju's lender asks court not to quash insolvency proceedings against firm

Glas Trust says Byju and his brother Riju used money owed to lenders to clear the Indian cricket board's dues and that the insolvency proceedings should continue

Strategy is liabilities-led growth, aim to improve Casa: Bandhan Bank CEO

Mr Ghosh had clearly articulated when he took the decision of retirement by the end of his tenure. He said the bank should decisively come out of the post pandemic problems

Govt capex, rural demand may spur M&M's ride: MD & CEO Anish Shah

When asked about the government's nudge to private companies to invest in new capacities, Shah said the group has already raised its automobile division capacity by 3x in the last four years

Strong volume growth, lower costs positive for Coal India's outlook

While operating profit margins are likely to normalise over the next two fiscals, the net profit estimates are being upgraded by analysts on the basis of higher OBR reversals

Aditya Birla Capital Q1 FY25 results: Net profit rises 16.7% to Rs 758 cr

The disbursements of Aditya Birla Housing Finance Company grew by 89 per cent Y-o-Y to Rs 3,068 crore in Q1 FY25