Page 18 - Indian Companies

RBI opens gates for investors, companies to invest in overseas funds

The RBI issued a circular on Friday amending the Foreign Exchange Management (Overseas Investment) Directions, 2022, lifting several restrictions

Bajaj Auto's affordable Chetak 2901 charges up electric scooter market

Bigger players have cornered an 80% share of this segment compared to them commanding only 50-60% a year back

Markets make sharp recovery but a third of stocks still in the red

PSEs, Adani, infra stocks among laggards

A sporty hatchback: Tata Motors launches Altroz Racer at Rs 9.49 lakh

This new variant includes a 360-degree camera, a large touchscreen infotainment system, ventilated front seats (a first in this segment), and six airbags as standard

Changing colours of succession: India Inc is learning to deal with GenNext

The key issues to be ironed out in succession are an unambiguous allocation of properties among legal heirs and the timeline for vesting of these properties

Plan to double international transit traffic in 5-10 years: Air India exec

Says 'out-of-the-box thinking' needed to develop Delhi, Mumbai, Bengaluru as transit hubs

Zee's board gives in-principle approval to raise funds up to Rs 2,000 crore

This announcement comes after Sony India terminated its merger agreement with Zee Entertainment worth $10 billion in January this year

Wipro bags $500 million deal from US communication service provider

Wipro's communication vertical declined 14.7 per cent year-on-year and contributed 4.2 per cent to the total revenue as of FY24

Fintech firm Fibe raises $90 mn in funding round, looks to list in 3 years

Consumer loans company says it will use the financing to expand business

Reforms, PLI: CEOs expect new govt to maintain policy continuity

The election results coincide with a slowdown in manufacturing activity for the second consecutive month in May

Govt bolsters ACC testing infra as PLI beneficiaries near production stage

Advanced Chemistry Cells (ACC) batteries undergo thorough testing to ensure safety, reliability, and performance

India Inc's combined net profit in Q4 grew least in last 5 quarters

Companies reported combined net sales of Rs 37.57 trillion in Q4FY24, up from the Rs 35.05 trillion in Q4FY24 and Rs 35.44 trillion in Q3FY24

Feud in Godfrey Phillips: Samir Modi files FIR against mother Bina

According to the complaint filed by Samir, KK Modi's younger son, he was invited to the board meeting on Friday

Tata Motors electric vehicle business posts Rs 9,300 crore revenue in FY24

Co expects PV industry demand to moderate as a result of high base effect

Raymond to add 300 stores in next 12 months, says Gautam Singhania

Rural demand to pick up with expectations of good monsoon

Charging ahead: Focus on net carbon zero, says TaMo's Shailesh Chandra

"Frankly, Tata Motors has no dilemma around which technology to invest in. We have to watch for the long-term mega trends since there will be many intermittent confusions and distractions"

Tainted promoters misusing asset reconstruction companies, says RBI

Rao emphasised the need for robust governance structures for ARCs for transparent and effective functioning

Tata Group firms executing over 100 GenAI projects: Chandrasekaran

Chandrasekaran said that AI will empower every employee to perform at a higher level of productivity.

Canara Bank says it will raise up to Rs 8,500 cr in debt capital in FY25

State-owned lender to sell 14.5% stake in life insurance subsidiary via IPO

Medtronic appoints Mandeep Singh Kumar as Vice President of India business

In his new role, Mandeep Singh Kumar will be responsible for overseeing sales, marketing, and commercial operations for Medtronic's business in India