Page 26 - Companies News
Nestle India dividend 2023: FMCG giant to consider dividend pay on April 12
Nestle India said that the company's unaudited financial results for the first quarter ending March 31 would also be considered at the Board of Directors meeting
 "Nestle India dividend 2023: FMCG giant to consider dividend pay on April 12")
McKinsey to kickstart layoffs this week, 1,400 jobs cuts likely: Bloomberg
Overall layoffs will amount to 3% of the workforce. According to Bloomberg, the company's workforce has risen to nearly 47,000 from 28,000 in the past five years. It was around 17,000 in 2012
 "McKinsey to kickstart layoffs this week, 1,400 jobs cuts likely: Bloomberg")
NCLAT upholds Competition Commission's Rs 1,337 crore penalty on Google
The NCLAT bench comprising chairperson Justice Ashok Bhushan and member Alok Srivastava said that the CCI investigation was not in violation of the principles of natural justice
 "NCLAT upholds Competition Commission's Rs 1,337 crore penalty on Google")
MakeMyTrip to grow franchise base by over 50% this year to expand reach
Online travel services provider, MakeMyTrip on Wednesday said it plans to grow its franchise base by over 50 per cent this year to expand its reach in smaller cities and towns across India
 "MakeMyTrip to grow franchise base by over 50% this year to expand reach")
Goyal Aluminiums plans Rs 200 cr investment to set up EV plant in UP
Goyal Aluminiums has plans to invest Rs 200 crore to set up an electric vehicle (EV) manufacturing plant in Uttar Pradesh
 "Goyal Aluminiums plans Rs 200 cr investment to set up EV plant in UP")
Hindustan Zinc dividend record date today; company's shares in the red
Hindustan Zinc dividend: In FY23 so far, the company has announced a dividend worth Rs 75.5 per share, and out of this, Rs 49.5 per share have already been received by the shareholders
 "Hindustan Zinc dividend record date today; company's shares in the red")
Eye on expansion, Haldiram family to invest Rs 2,500 crore in 5 years
Mulls IPO upon the merger of Noida, Nagpur businesses
 "Eye on expansion, Haldiram family to invest Rs 2,500 crore in 5 years")
We have no exposure to troubled banks in the US: Blackstone-backed Mphasis
Says it has no business with or exposure to SVB, Signature Bank or Silvergate Capital as client or banker
 "We have no exposure to troubled banks in the US: Blackstone-backed Mphasis")
Eye on growth post-pandemic, ITC to invest Rs 3,000 crore annually in India
The fast-moving consumer goods (FMCG) company will use the money to build more manufacturing capabilities
 "Eye on growth post-pandemic, ITC to invest Rs 3,000 crore annually in India")
Google 'repeatedly disobeying' CCI's orders on billing: Startup think tank
Accuses tech giant of charging an "exorbitant" commission without providing additional service, while India's entire payment industry is working on 1-5% service fees
 "Google 'repeatedly disobeying' CCI's orders on billing: Startup think tank")
Govt moves to end possibility of attachment of DMRC's assets in RInfra case
On March 17, the Delhi High Court handed down an order to ensure the payment of an arbitral award due for over five years
 "Govt moves to end possibility of attachment of DMRC's assets in RInfra case")
Tata Capital Financial Services, Tata Cleantech to merge with Tata Capital
The boards of TCFSL and TCCL have also accorded their approval
 "Tata Capital Financial Services, Tata Cleantech to merge with Tata Capital")
Piramal, TPG on verge exit from Shriram General Insurance Holdings
Likely to sell combined stake of 30% in the company at an enterprise valuation of $2 billion, say sources
 "Piramal, TPG on verge exit from Shriram General Insurance Holdings")
Telecom industry's financial health needs to improve: Bharti Ent V-C
He also asserted that while consumers are ready, "but somehow, as an industry, we have not been able to come to an understanding of increasing ARPUs so that this industry can be healthy"
 "Telecom industry's financial health needs to improve: Bharti Ent V-C")
Signal strength: Reliance Jio wages price war in fixed-line broadband
The growth of the home broadband market in India has been constrained by the fact that only 10 per cent of the households are connected by fibre
 "Signal strength: Reliance Jio wages price war in fixed-line broadband")
Github lays 142 staff in India, including entire engineering team
Microsoft-owned GitHub has laid off 142 people in India, including the entire staff in its engineering division, people aware of the development said on Tuesday
 "Github lays 142 staff in India, including entire engineering team")
The Souled Store raises Rs 135 cr from Xponentia, mulls IPO in next 3-4 yrs
The firm will use the fresh capital to expand into new product categories and launch over 100 stores pan India within the next 2 years
 "The Souled Store raises Rs 135 cr from Xponentia, mulls IPO in next 3-4 yrs")
Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion
The overall targeted amount for the second fund, which will be domiciled in the GIFT City, is $1.6 billion
 "Special Situations Fund: Kotak Mahindra Bank arm raises $1.25 billion")
Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore
Dividend pay-out for the year at Rs 37,730 cr, the highest ever by the company
 "Vedanta announces 5th interim dividend; FY23 outflow Rs 37.7K crore")
Saj Food Products likely to touch a revenue of Rs 2,500 cr in FY24
The Kolkata-headquartered company, which owns Bisk Farm' brand, is likely to close the current financial year with a revenue of around Rs 2,100 crore
 "Saj Food Products likely to touch a revenue of Rs 2,500 cr in FY24")
