COMPANIES NEWS - Page 8

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Reliance Industries Ltd, Mukesh Ambani, mukesh ambani group, ril capital expenditure, Indian express business, business news, business articles, business news stories

Reliance Industries set for next level of growth: Mukesh Ambani

August 8, 2024 05:30 IST

Ambani presented an optimistic outlook to investors, saying that RIL has enhanced investor wealth and shareholders’ faith in the company will spur it to “continually grow and create value”.

SFIO probe into Sahara group of companies underway: FM Nirmala Sitharaman

August 5, 2024 21:52 IST

The minister said there are some cases which come under the regulator SEBI while some are dealt by the Ministry of Cooperation.

Black Box Limited secures Rs 410 crore funding for digital infrastructure expansion

August 2, 2024 14:39 IST

The investment is said to support the company's strategic expansion and growth initiatives into industry verticals with relevant technology solutions

Intel to cut 15% jobs, suspend dividend in turnaround push; shares plummet

August 2, 2024 07:16 IST

It also forecast third-quarter revenue below market estimates, grappling with a pullback in spending on traditional data centre semiconductors and a focus on AI chips, where it lags behind rivals.

Infosys: Karnataka GST notice withdrawn, will respond to DGGI

Karnataka GST notice withdrawn, will respond to DGGI: InfosysSubscriber Only

August 2, 2024 07:36 IST

The DGGI has slapped a Rs 32,403 crore notice on Infosys for services availed by the company from its overseas branches over a five-year period starting 2017.

Infosys slapped with Rs 32,403 cr GST demand notice, says it has paid all dues

Infosys slapped with Rs 32,403 crore GST demand notice, says it has paid all dues

August 1, 2024 07:39 IST

Bengaluru-based Infosys, in a stock exchange filing Wednesday, called the missive from the tax department a “pre-show cause” notice and said it believes the GST is not applicable on the expenses in contention.

WazirX plan to ‘socialise’ $230-million security breach losses draws user ireSubscriber Only

July 30, 2024 08:04 IST

Socialising losses in what is a purely capitalistic venture has drawn the ire of crypto industry insiders who have questioned whether the strategy being explored by WazirX has any legal backing and if it could pass regulatory scrutiny.

Mankind Pharma to buy Bharat Serums for `13,630 cr

Mankind Pharma buys 100 pc stake in Bharat Serums for Rs 13,630 croreSubscriber Only

July 26, 2024 00:57 IST

The transaction is expected to close within 3-4 months subject to receipt of regulatory approvals and completion of certain identified conditions precedent, the company said in a stock exchange filing. BSV, based in Mumbai, was originally promoted by the Daftary family.

Q1 results: Adani Green profits up by nearly 95%, Nestle India posts slowest revenue growth in 8 years

July 25, 2024 19:12 IST

Tech Mahindra reported its smallest revenue fall in four straight quarters, beating estimates, on demand recovery in its manufacturing and healthcare segments.

Mahindra & Mahindra to unveil ‘Thar Roxx’ SUV on August 15Subscriber Only

July 21, 2024 03:33 IST

“The Mahindra ‘Thar ROXX’ will further strengthen the already strong Thar brand, empowering customers to ‘explore the impossible’ with luxury and be a part of the Thar lifestyle,” the company said on Saturday.

Infosys, Infosys revenue, Infosys Profit, Infosys quarterly profit, Indian express business, business news, business articles, business news stories

Infosys posts 7.11% rise in Q1 profit; projects higher 3-4% revenue growth guidance for FY25Subscriber Only

July 19, 2024 04:53 IST

The revenue from operations for the latest quarter stood at Rs 39,315 crore, which was up by 3.64 per cent from Rs 37,933 crore reported by the IT major in the corresponding quarter of the previous financial year.

Light-weight cars and small batteries: Suzuki’s tech plan for the next decade

July 17, 2024 13:59 IST

Beyond its cars, the company will also focus on energy reduction across its production process and will shift towards a “circular economy”.

Hindustan Unilever to sell Pureit business to A.O. Smith for `601 cr

Hindustan Unilever to sell Pureit business to A.O. Smith for Rs 601 croreSubscriber Only

July 16, 2024 04:31 IST

The proposed transaction is to be undertaken by way of a slump sale through a business transfer agreement between the company and A.O. Smith India Water Products Pvt Ltd.

One of the options MTNL had to ensure was an asset monetisation plan that would have helped it raise funds. But of the

MTNL on the brink of debt default, knocks on Govt door for fundsSubscriber Only

July 14, 2024 09:25 IST

A section in the government is concerned since most MTNL debt is backed by a sovereign guarantee, any default would leave the government with little choice but to fund it by the exchequer.

TCS profit rises by 8.72% YoY in Apr-Jun, down 2.89% sequentiallySubscriber Only

July 12, 2024 00:30 IST

The company - which competes in the IT services market with the likes of Infosys, Wipro and HCLTech - reported a 5.4 per cent increase in its revenue at Rs 62,613 crore for the quarter just ended.

The notes were issued by the step-down subsidiary, SMRC Automotive Holdings Netherlands BV (SAHN BV) backed by a corporate guarantee from Samvardhana Motherson International Ltd (SAMIL

SAMIL raises USD 350 mn through issuance of notes

July 5, 2024 16:49 IST

The issue was oversubscribed six times with a peak order book in excess of USD 2.2 billion, it added.

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.”

Dr Reddy, Dr Reddys, Haleon plc, Hyderabad, Northstar Switzerland SARL, Dr Reddy's Laboratories Ltd, Indian express news, current affairs

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.