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COMPANIES NEWS - Page 6
Coca-Cola sells 40% stake of bottling arm HCCBL to Jubilant Bhartia Group
December 11, 2024 22:40 IST
Though the company has not disclosed the amount of the Coca Cola deal, some media reports have pegged it at around Rs 10,000 crore.
One MobiKwik Systems IPO fully subscribed
December 11, 2024 12:54 IST
The public issue is entirely a fresh issuance of equity shares worth up to Rs 572 crore with no offer-for-sale (OFS) component.
LG Electronics’ Indian arm files IPO papers with Sebi
December 6, 2024 17:34 IST
The proposed IPO is entirely an offer for sale (OFS) of 10.18 crore equity shares by promoter LG Electronics Inc with no fresh issue component, according to the draft red herring prospectus (DRHP).
JP Morgan gives ‘overweight’ rating to four Adani bonds
December 6, 2024 13:51 IST
Under the risks section, it said that Adani bonds could do well than anticipated if there is a quick resolution of the US SEC and Department of Justice indictments of founder chairman Gautam Adani and key aides on bribery charges.
Swiggy cuts losses marginally in Q2Subscriber Only
December 4, 2024 17:55 IST
Total income rose sharply to Rs 3,686.26 crore in the September quarter as against Rs 2,850.52 crore a year ago.
Japanese firms keen to set up semiconductor units in India: Deloitte
December 4, 2024 10:07 IST
India aspires to have 10 semiconductor manufacturing plants in 10 years.
Adani Green Energy shares jump 9% in morning trade
December 2, 2024 12:33 IST
Adani Green Energy Ltd. is at the heart of allegations of USD 265 million bribes allegedly being paid to Indian officials to secure solar power sale contracts that could bring in USD 2 billion of profits over 20 years to the firm.
ZEE Entertainment shareholders reject Punit Goenka’s reappointment as Director
November 29, 2024 12:33 IST
The promoters — Punit Goenka and Subhash Chandra family — hold only 3.99 per cent stake in the company.
Mahindra on emission penalties: ‘To the best of our knowledge, no such penalty has been levied or is being considered’
November 29, 2024 08:23 IST
Mahindra also said that any penalty could not be applied retrospectively, and the company does not expect any “material liability” for FY2023.
Air India transformation journey a test match, we are at lunch on Day 3: CEO Campbell WilsonSubscriber Only
November 29, 2024 08:01 IST
The airline group currently has a cumulative domestic market share of 29 per cent, which is significantly higher than the market share during its government-ownership days.
Boeing strike, production slowdown delaying aircraft deliveries to Air India groupSubscriber Only
November 28, 2024 18:05 IST
The Air India group, which has 300 aircraft, plans to grow its collective aircraft fleet to 400 planes by 2027.
No material impact of TotalEnergies’ decision as no funding talks were on: Adani
November 26, 2024 13:58 IST
TotalEnergies, France's largest oil and gas company, first joined hands with Adani in 2018 for a liquefied natural gas (LNG) venture before buying a 19.75 per cent stake in AGEL and a stake in three solar assets for USD 2.5 billion in 2020-21.
Nine Adani group firms climb in early trade; Adani Energy surges nearly 7 pc
November 25, 2024 12:56 IST
NDTV shares went lower by 2 per cent.
Nokia wins ‘multi-billion’ dollar deal in IndiaSubscriber Only
November 20, 2024 19:37 IST
India last year helped Nokia and Ericsson offset weakness in demand from U.S. customers.
Vodafone Idea cuts losses to Rs 7,176 crore in Q2Subscriber Only
November 14, 2024 07:45 IST
It said the payment obligations to the Government stood at Rs 212,260 crore as of September 30, 2024 including deferred spectrum payment obligations of Rs 141,940 crore and AGR liability of Rs 70,320 crore.
Larsen & Toubro to buy 21% stake in E2E Networks for Rs 1,407 croreSubscriber Only
November 6, 2024 07:19 IST
The company will not acquire control in E2E Networks following the proposed acquisition and will be a minority shareholder with certain protective rights, it said.
Titan posts 25% decline in Q2 profitSubscriber Only
November 6, 2024 07:09 IST
Total income for the quarter, however, increased 24.2 per cent to Rs 12,458 crore as against Rs 10,027 crore in the September quarter of 2023.
Afcons IPO subscribed 2.63 times
October 30, 2024 08:39 IST
The company on Thursday said it has mopped up Rs 1,621 crore from anchor investors. The price band has been fixed at Rs 440-463 per share.
IOC Q2 trips on inventory losses, ops performance robust
October 29, 2024 19:26 IST
Indian Oil Corporation earned only USD 1.59 on turning every barrel of crude oil into fuel in the second quarter compared to a gross refining margin of USD 18.11 per barrel a year back.
Maruti shares tumble over 4%; mcap erodes Rs 14,846 crore post-Q2 earnings
October 30, 2024 08:29 IST
The stock tanked 4.11 per cent to settle at Rs 11,010 on the BSE.
Adani flagship firm’s net profit zooms eight-fold
October 30, 2024 08:33 IST
Net profit of Rs 1,741 crore in July-September — the second quarter of current 2024-25 fiscal year — was up 663 per cent over Rs 228 crore earning in the same period of last year, a company statement said.
Hindustan Unilever Ltd profit declines 3.86% in Q2, to pay Rs 29 dividendSubscriber Only
October 24, 2024 08:35 IST
Foods & refreshment business declined 2 per cent with a low-single digit volume decline, HUL said.
CCI publishes detailed order approving merger of RIL, Walt Disney’s media assets
October 23, 2024 08:51 IST
As part of seeking the regulator's approval, the parties have voluntarily agreed that they will not bundle TV ad slots for IPL, ICC and BCCI cricketing rights till the end of existing rights.
Adani’s Ambuja Cements acquires Orient Cement for Rs 8,100 crore from CK Birla groupSubscriber Only
October 23, 2024 07:05 IST
Acquisition at an equity value of Rs 8,100 crore from CK Birla group
Serum Institute’s Adar Poonawalla to buy 50% stake in Karan Johar’s Dharma Productions
October 21, 2024 16:25 IST
Adar Poonawala aquires Dharma Production: Serene Productions will invest Rs 1,000 crore ($119 million) in production house Dharma Productions and Dharmatic Entertainment (Dharma).
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