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COMPANIES NEWS - Page 5
Ride apps switch to subscription model amid conflicting rulings on GST liabilitySubscriber Only
February 27, 2025 23:00 IST
Under the subscription model, Uber provides an estimated fare based on its algorithm, which can be further negotiated by the driver and the passenger.
Tata Capital board clears IPO to raise nearly Rs 15,000 croreSubscriber Only
February 26, 2025 22:36 IST
The board has also decided to issue shares worth up to Rs 1,504 crore on a rights basis to existing shareholders of company
Tata group to invest in major electronic manufacturing unit, green energy in Assam: Chandrasekaran
February 25, 2025 13:07 IST
The group will also partner with the state government in the green energy sector, with commitment to invest in solar and other renewable power generation, Chandrasekaran added.
Life insurers report up to 400 bps margin compression in Q3 on new surrender value norms, ULIPs surgeSubscriber Only
February 25, 2025 07:54 IST
Irdai had said in a circular that every policy offered by a life insurer under a non-linked platform, which has acquired a surrender value, should not lapse by reason of non-payment of further premiums.
Adani Group to invest Rs 30,000 crore in Kerala over five yearsSubscriber Only
February 21, 2025 22:39 IST
The ports-to-energy conglomerate will also invest in a logistics and e-commerce hub in the city of Kochi, and the group’s cement-handling capacity in the city Kochi will also be scaled up, Adani said.
US SEC seeks Law Ministry’s help to serve complaint against AdanisSubscriber Only
February 20, 2025 22:43 IST
The SEC submitted a status update on Tuesday to Judge Nicholas Garaufis at the US District Court, Eastern District of New York regarding its efforts to serve its complaint on Gautam Adani and Sagar Adani (defendants).
Bharti Airtel promoter sells stake worth Rs 8,485 croreSubscriber Only
February 18, 2025 22:46 IST
The transaction marks the second major stake sale by Indian Continent Investment in recent months.
Three reasons why the Honda-Nissan deal collapsedSubscriber Only
February 15, 2025 22:43 IST
Talks between Honda Motor and Nissan Motor for a potential merger, a multi-billion deal that would have resulted in the creation of the world's fourth largest automaker in terms of vehicle units sold, have collapsed.
Among biggest-ever renewable energy deals: ONGC-NTPC JV inks $2.3-billion deal for 100% stake in AyanaSubscriber Only
February 13, 2025 07:25 IST
ONGC wants to build a renewable energy portfolio of 10 gigawatts (GW) by 2030, while NTPC is looking at a renewable energy capacity target of 60 GW by 2032.
Tata Motors profit down 22.40% in Q3Subscriber Only
January 30, 2025 05:00 IST
Total revenue rose to Rs 113,575 crore for the December quarter as against Rs 110,577 crore a year ago.
Maruti Suzuki India to hike prices by up to Rs 32,500 across models from Feb 1
January 23, 2025 20:36 IST
Maruti Suzuki has blamed rising input costs and operational expenses for the planned increase in car prices.
Restaurants versus Zomato & Swiggy: Why the slugfest over 10-minute food deliverySubscriber Only
January 23, 2025 15:41 IST
On December 6, Blinkit launched Bistro on the Google Play Store, followed by a rollout in select Gurugram locations on January 10.
HUL buys Minimalist for Rs 2,955 crore, okays ice-cream unit demergerSubscriber Only
January 23, 2025 11:10 IST
As part of the scheme, one equity share of KWIL will be allotted for every one equity share held in HUL. After the demerger and listing of KWIL, the entire shareholding of KWIL will be held directly by shareholders of HUL.
Celebrate Republic Day 2025 with The Indian Express’s exclusive offer
January 20, 2025 11:59 IST
Join us in celebrating Republic Day 2025 by taking advantage of this fantastic Express All Access Subscription offer. Subscribe now and enjoy the benefits of being part of The Indian Express community!
Infosys posts 11.4% rise in Oct-Dec profit
January 17, 2025 05:28 IST
The company’s revenue grew 7.6 per cent to Rs 41,764 crore for the third quarter compared with Rs 38,821 crore in the corresponding quarter of last year.
Reliance Industries Ltd posts 11.9% increase in Oct-Dec profit
January 17, 2025 05:27 IST
Gross revenue rose by 7.7 per cent to Rs 267,186 crore for the third quarter as against Rs 248,160 crore a year ago.
Vedanta raises $1.1 billion through bond issueSubscriber Only
January 16, 2025 09:16 IST
The bond issuance consists of two tranches – a $550 million 9.475 per cent tranche and a $550 million 9.850 per cent tranche, the company said.
Adani’s 5G bet in limbo; after penalties from DoT, may surrender spectrumSubscriber Only
January 16, 2025 09:38 IST
Queries sent to the Adani Group remained unanswered until publication.
Shares of Manappuram Finance surges after RBI lifts ban on unit
January 9, 2025 22:07 IST
Manappuram's shares had fallen 21% to a more than one-year low following the ban, but recovered to pre-ban levels in December. They were last trading up 5% at 9:21 a.m IST.
Global equity firms led by Temasek in race to buy Haldiram stake
January 9, 2025 22:07 IST
While Singapore-based Temasek is leading the race to buy around 10 per cent stake for $1 billion (Rs 8,550 crore) and signed a term sheet with Haldiram Snacks, US-based Alpha Wave Global which has invested in several Indian firms is also in the race.
Microsoft plans to invest $3 billion on AI, cloud infrastructure in IndiaSubscriber Only
January 8, 2025 09:57 IST
The company will also help train 10 million people over the next five years with AI skills in the country.
Getty Images buying Shutterstock to create USD 3.7 billion visual content company
January 7, 2025 22:45 IST
Getty Images shareholders will own about 54.7% of the combined company at closing and Shutterstock stockholders will own approximately 45.3%.
UltraTech to acquire 8.69 pc in Star Cement from promoters in Rs 851-cr deal
December 27, 2024 22:48 IST
The development comes a few days after the Aditya Birla group firm completed the acquisition of a controlling stake in India Cements Ltd, turning the south-based company into its subsidiary.
Hyundai sought extension of key emission norms by a year, Ministries denied requestSubscriber Only
December 23, 2024 08:52 IST
Hyundai sought extension of key emission norms by a year, Ministries denied request.
Toyota launches new Camry hybrid at Rs 48 lakh
December 12, 2024 22:53 IST
New Toyota Camry Price, Features, Specifications: The new Camry comes with a refreshed design and a fifth-generation hybrid engine.
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