COMPANIES NEWS - Page 9

Birlas-owned UltraTech buys 23% in India Cements, triggers speculation of takeoverSubscriber Only

June 28, 2024 04:03 IST

UltraTech Cement Ltd, owned by the Aditya Birla group, has acquired a 23 per cent stake in India Cements Ltd (ICL), triggering speculation about a takeover of the South-based cement major now controlled by N Srinivasan and family. The move marks a further intensification of the battle for control of India’s cement market, which was […]

UltraTech Cement to acquire 23% stake in India Cements for over Rs 1,900 cr

June 27, 2024 22:12 IST

UltraTech will become the second largest shareholder in the ICL, which has a manufacturing capacity of 16 MTPA, including 1.5 MTPA from its subsidiary Trinetra Cement Ltd.

Earlier, Jio had raised mobile service rates in December 2021 along with Bharti Airtel and Vodafone Idea.

Jio to raise mobile services rates by 12-27% from July 3, limits free 5G access

June 27, 2024 23:02 IST

As of now, subscribers availing plans priced above Rs 239 are able to access unlimited free 5G service and the rest of the customers have to top up their plan with a Rs 61 voucher for availing unlimited 5G service.

Zomato extends its ‘restaurant services hub’ offering pan-India

June 27, 2024 19:09 IST

Through its restaurant services hub, Zomato currently offers services related to staffing and licensing essentials to restaurants.

25% of new hires are married women; nearly 70% of workforce are women: Foxconn

June 27, 2024 13:00 IST

The Ministry of Labour and Employment on Wednesday has sought a detailed report from the Tamil Nadu labour department on the issue of married women not being allowed to work at the Foxconn India Apple iPhone Plant, media reports said.

Jio buys spectrum in 2 circles for Rs 973.63 croreSubscriber Only

June 27, 2024 05:10 IST

Akash M Ambani, Chairman, Reliance Jio Infocomm, said, “this new spectrum acquisition will continue to enable us serving aspirations of the new India, in terms of growing traffic demands and superior customer experience, which is no longer limited to only urban markets.”

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Dr Reddy’s inks pact with Haleon plc to acquire its NRT portfolio for GBP 500 Mn

June 26, 2024 22:43 IST

Dr Reddy’s Laboratories Ltd on Wednesday said it has signed a definitive agreement with Haleon plc, a leading consumer healthcare company, for purchase of shares of its group company Northstar Switzerland SARL, to acquire a global portfolio of consumer healthcare brands outside of the United States for a total consideration of GBP 500 million. A […]

Ford recalls over 550,000 pickup trucks because transmissions can suddenly downshift to 1st gear

June 25, 2024 17:19 IST

The recalls come after US auto safety regulators in March began investigating complaints that more than 540,000 Ford pickup trucks from 2014 can abruptly downshift to a lower gear and increase the risk of a crash.

Prosus writes off $493-mn investment in Byju’s ‘due to decrease in value for equity investors’

Prosus writes off $493 mn investment in Byju’sSubscriber Only

June 25, 2024 03:48 IST

Prosus is a global technology group with businesses and investments in growth markets around the world.

Amul looks to expand products range in US market

June 22, 2024 09:54 IST

Jayen Mehta, Managing Director, Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL) said that milk has become India's greatest agricultural crop and that within the next decade, the country will account for one-third of global milk output.

Nvidia set to solidify position as world’s most valuable company

June 20, 2024 20:54 IST

Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add more than $92 billion to its market value of $3.34 trillion at $139.35, compared with Microsoft's $3.32 trillion.

Vodafone to sell $1-bn Indus Towers stake

Vodafone to sell Indus Towers stake worth $1 billionSubscriber Only

June 19, 2024 08:03 IST

The block deal for Indus Towers is likely to be launched at a 9.9 per cent discount to the stock's current market price, according to the term sheet of the stake sale.

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Apple kills off its buy now, pay later service barely a year after launch

June 18, 2024 23:05 IST

Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the US, and will rely on companies who already dominate the industry like Affirm and Klarna. It’s an acknowledgement from a company known for producing hit products that building a financial services business […]

Hyundai files for IPO to raise $3 billion that could be India’s biggest

June 15, 2024 11:02 IST

Hyundai Motor India will be the country's first car maker to go public in two decades since Maruti Suzuki in 2003.

Vodafone Idea, Vodafone Idea raise Nokia, Vodafone Ericsson, Vodafone Idea Networks India, Indian express business, business news, business articles, business news stories

Vodafone Idea to raise Rs 2,458 cr from Nokia, Ericsson and Networks IndiaSubscriber Only

June 14, 2024 09:50 IST

The telecom company will issue equity shares of face value of Rs 10 each at an issue price of Rs 14.80 per equity share (including a premium of Rs 4.80 per equity share) to the three entities.

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Ambuja Cements to acquire Penna Cement for Rs 10,422 croreSubscriber Only

June 14, 2024 08:48 IST

PCIL has 14 million tonne per annum (MTPA) capacity in Andhra Pradesh, Telangana, and Rajasthan (under construction). With the acquisition, Ambuja Cements total capacity will increase to 89 MTPA.

Adani Ports bags 5-year operation and maintenance contract at Kolkata port

June 7, 2024 18:46 IST

APSEZ has to deploy cargo handling equipment within seven months from the letter of acceptance (LOA) date, the company said in a statement

BSNL, BSNL network, Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Limited (MTNL), Indian express business, business news, business articles, business news stories

BSNL puts 27 land parcels across 11 states, UTs on the block; invites bidsSubscriber Only

May 30, 2024 08:57 IST

MTNL has also drawn up a list of properties to be offered for sale in Delhi and Mumbai.

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Evergreening concerns: RBI puts business restrictions on Edelweiss ARC, ECL FinanceSubscriber Only

May 30, 2024 08:58 IST

The RBI barred EARCL from acquiring financial assets including security receipts (SRs) and reorganising the existing SRs into senior and subordinate tranches.

Nissan warns owners of older vehicles not to drive them due to risk of exploding air bag inflators

May 29, 2024 21:05 IST

Wednesday's urgent request comes after one person in a Nissan was killed by an exploding front-passenger inflator, and as many as 58 people were injured since 2015.

Hindalco shares climb nearly 4%; hit record high

May 29, 2024 19:36 IST

The stock climbed 3.64 per cent to settle at Rs 705.35 apiece on the BSE.

Paytm, Adani say stake buying talks ‘speculative’Subscriber Only

May 30, 2024 02:32 IST

As per a media report, Adani is looking to buy a stake in Paytm. The report said that Paytm founder Vijay Shekhar Sharma met Adani in the latter's Ahmedabad office to ‘finalise the contours of the deal'.