COMPANIES NEWS - Page 2

OIC was required to deposit a statutory bank guarantee of AED 100 million, but the Central Bank of the UAE (CBUAE) denied its request for additional time to obtain board and regulatory approvals.

UAE Central Bank suspends motor insurance business of Oriental Insurance in Dubai: Here’s whySubscriber Only

August 2, 2025 21:24 IST

Dubai operations of OIC in ‘run off’ mode, can’t take new business.

Delay in onboarding lateral hires due to market conditions, will honour offers, TCS tells Chief Labour CommissionerSubscriber Only

August 2, 2025 00:32 IST

TCS’ decision is expected to create uncertainty in the Indian IT industry, with industry experts anticipating that other major firms may follow suit

The US is a key market for Indian Ready-Made Garments (RMG) exports, with India holding a 33 per cent share in the country’s total garment exports in 2024, AEPC said.

Indian apparel exporters warn of ‘mass layoffs’ over US tariffsSubscriber Only

August 1, 2025 16:44 IST

This comes as new tariffs are set to come into effect on August 7, and as US tariffs on India have been set higher than on over 50 countries, including Bangladesh and Pakistan.

Tata Motors expects the deal to be earnings accretive from the second year onwards, driven by cost synergies and the relatively low acquisition multiple.

Iveco deal: Here’s how Tata Motors plans to fund the acquisitionSubscriber Only

July 31, 2025 19:39 IST

Once completed, the acquisition will give Tata Motors access not only to new products, platforms, and manufacturing facilities but also to a well-established sales and after-sales network

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Tata Motors to drive home Iveco takeover in Rs 38,000 crore landmark global dealSubscriber Only

July 31, 2025 00:12 IST

This is the biggest acquisition by Tata Motors after it acquired Jaguar Land Rover (JLR) from Ford in 2008 for $2.3 billion in an all-cash transaction.

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Schneider to buy 35 pc in Indian arm for euro 5.5 bnSubscriber Only

July 31, 2025 00:04 IST

The all-cash deal is valued at euro 5.5 billion (around Rs 55,000 crore) and is subject to customary closing conditions, including regulatory approvals such as from the Competition Commission of India. The transaction is expected to be completed in the coming quarters.

India-born Shailesh Jejurikar to be next CEO of American FMCG major Procter & Gamble

July 29, 2025 11:52 IST

Jejurikar, who joined P&G as an assistant brand manager in 1989, will replace Jon Moeller as part of a top leadership transition.

TCS’ workforce stood at 6,13,069 as on June 30, 2025.

TCS swings the axe: 12,200 jobs to be cut in brutal industry shake-upSubscriber Only

July 28, 2025 01:24 IST

According to TCS, this transition is being planned with due care to ensure there is no impact on service delivery to our clients.

In August 2024, the Securities and Exchange Board of India (SEBI) too imposed a five‑year ban on Anil Ambani and 24 other entities from participating in the securities market.

ED raids: Anil Ambani’s fall and the flicker of a comebackSubscriber Only

July 25, 2025 09:14 IST

In June this year, the State Bank of India (SBI) officially labelled Reliance Communications’ loan account as “fraudulent,” alleging fund diversion that traces back to 2016.

Anil Ambani is not on the Board of Reliance Power and Reliance Infrastructure, the companies said. (PTI File Photo)

ED searches on Anil Ambani-linked properties: Reliance Power, Reliance Infrastructure say actions will have no impactSubscriber Only

July 24, 2025 15:40 IST

The enforcement agency has started its investigation on the basis of two FIRs registered by the Central Bureau of Investigation (CBI) and other agencies and institutions.

Tata Sons annual report: Profit falls 24.30%, revenue down 11.52% but company declares higher dividend to shareholders, salary to chairmanSubscriber Only

July 24, 2025 14:35 IST

The company drives its income mostly from dividend earned from various group companies with TCS contributing the maximum to Tata Sons’ kitty.

Vedanta acquired HZL from the government in 2002.

Hindustan Zinc pays out as dividend more than it earns, alleges US research firm ViceroySubscriber Only

July 23, 2025 21:31 IST

Viceroy report is a combination of selective misinformation and baseless allegations: HZL

The case has been registered against the Bengaluru-headquartered Myntra, its linked companies and its directors.

ED slaps Rs 1,654-crore Fema notice on Myntra for alleged FDI rule violationsSubscriber Only

July 24, 2025 00:00 IST

The Enforcement Directorate alleges that Myntra and its related companies are engaged in multi-brand retail trade (MBRT) under the guise of a "Wholesale Cash and Carry" scheme, allegedly in violation of the extant FDI policy.

SBI said the QIP received robust demand and was oversubscribed 4.5 times, reflecting strong investor confidence in its strategy and the outlook for the country’s banking sector.

SBI QIP update: How much money did India’s largest lender raise and where will be the funds be usedSubscriber Only

July 22, 2025 19:15 IST

The bank on Monday (July 21) said the shares in the QIP were priced at a premium to floor price of Rs 811.05 per share.

Tata Sons sets up RS 500 crore AI-171 Memorial Trust for Air India crash victimsSubscriber Only

July 18, 2025 22:11 IST

The Trust will provide both immediate and continuing support to the dependents/next-of-kin of the deceased, to those who were injured, and to all others who are directly or collaterally affected by the accident.

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MTNL defaults on loans worth Rs 8,585 crore from 7 public sector banksSubscriber Only

July 16, 2025 00:02 IST

MTNL’s total financial liabilities, including both short-term and long-term borrowings, currently stand at Rs 34,484 crore, the company said.

Sabih Khan holds a dual bachelor’s degree in economics and mechanical engineering from Tufts University. (Photo: X/@SabihKhanApple)

Apple names Indian-origin Sabih Khan as COO: Moradabad-born techie succeeds Jeff WilliamsSubscriber Only

July 9, 2025 14:56 IST

Sabih has played an important role in delivering each of Apple’s innovative products to market. Prior to Apple, Sabih worked as an applications development engineer and key account technical leader at GE Plastics.

Defer rollout: Mahindra to government on more accurate emissions testSubscriber Only

July 9, 2025 04:20 IST

The draft norms, issued by the Ministry of Road Transport and Highways (MoRTH) on April 28, introduce a new testing procedure as part of enforcing the next phase of Bharat Stage (BS) VI standards.

Capgemini to acquire WNS for $3.3 bn in major BPM industry dealSubscriber Only

July 8, 2025 05:15 IST

Shares of WNS (Holdings) soared by over 14 per cent on the New York Stock Exchange in the morning session on Monday. Institutional investors hold around 90 per cent stake in WNS

Reliance is building Gen AI infrastructure in Jamnagar that it plans to be ready in two years as well.

New energy, AI infra to drive $50 billion market value rise for Reliance Industries

July 5, 2025 10:40 IST

Currently valued at over USD 240 billion, Reliance's future growth hinges heavily on scaling its diversified verticals, particularly in new energy and AI.

HDB Financial Services’ lists at 13% premium over IPO priceSubscriber Only

July 2, 2025 18:31 IST

The issue consists of a fresh issuance aggregating up to Rs 2,500 crore and an offer for sale of up to Rs 10,000 crore by the parent company HDFC Bank.

TAFE will buy back AGCO’s shares in TAFE which amounts to 20.7 per cent of TAFE’s equity for a consideration of $260 million thereby making TAFE a wholly-owned subsidiary of the Amalgamations Group, a diversified industrial conglomerate, headquartered in Chennai.

Tafe settles with AGCO, will own brand Massey Ferguson

July 1, 2025 22:12 IST

As part of the settlement, ownership of Massey Ferguson brand will rest with TAFE as the sole and exclusive owner for India, Nepal and Bhutan including all rights, title and interest in “Massey Ferguson” and related trademarks and all goodwill associated therewith, TAFE said.

Anant Ambani set to get annual salary of Rs 10-20 crore from RILSubscriber Only

June 30, 2025 08:37 IST

“Salary, perquisites and allowances shall be in the range of Rs 10 crore to Rs 20 crore per annum. Annual increments shall be as determined by the HRNR (HR, nomination and remuneration) Committee,” the filing for postal ballot said

SEC updates US court on efforts to serve legal documents in Adani case

June 27, 2025 23:10 IST

The defendants, who are based in India, are yet to be officially served

JSW Paints Ltd is a part of the Sajjan Jindal group

JSW Paints to buy Akzo Nobel India for $1 billionSubscriber Only

June 27, 2025 19:36 IST

The transaction is based on a total enterprise value of approximately €1.4 billion, representing earnings multiple (EV-EBITDA) of 22 times, and includes Akzo Nobel’s liquid paints and coatings business in India

Congress may agree to Tejashwi as CM face to get Bihar alliance back on track

Political Pulse4 hr ago

Tejashwi Yadav is set to be the chief ministerial candidate of the Mahagathbandhan alliance, as talks have resolved differences and reduced friendly fights. Though a seat-sharing deal has not been announced, a positive meeting with RJD's leadership has reassured the alliance's unity and focus on bringing change to Bihar.

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