Page 31 - Companies News

Torrent Investments unlikely to participate in 2nd auction for Reliance Cap

The only resolution done for a financial services company under special powers of RBI Section 227 was DHFL which was won by Piramal Group

TII, Premji Invest sign share purchase agreement to acquire Lotus Surgicals

TII will acquire 67 per cent, while Premji Invest will acquire the remaining 33 per cent

RIL names V Srikanth as new CFO; Alok Agarwal as Senior Advisor to Chairman

V Srikanth (joint CFO since 2011) has been sharing a part of the responsibilities of the CFO position with Alok Agarwal for the last few years

Private equity firm TPG sells 7.6% stake in Campus Activewear for Rs 806 cr

Private equity firm TPG on Friday divested a 7.6 per cent stake in sports and athleisure footwear company Campus Activewear for Rs 806 crore through an open market transaction

C-DOT, Reliance Jio set to power India's global telecom gear ambition

C-DOT, which has tied up with TCS, is expected to export telecom equipment by 2024

India aspires to take technical textiles market to $40 bn in 4-5 yrs: Goyal

Currently, India is the fifth largest producer of technical textiles in the world with a market size of nearly $22 billion

Power Grid Corporation board okays raising Rs 600 crore via bonds

It showed that the total issue size is Rs 600 crore, which includes base issue size of Rs 100 crore and green shoe option of Rs 500 crore

Gevra coal mine in Chhattisgarh's Korba district makes history

While Gevra has been given a target of 52 mt, Kusmunda and Dipka plan to produce 45 mt and 38 mt, respectively, in FY23

'Anxiety at peak': Accenture layoff move jolts Indian IT professionals

Accenture's management said that for a record quarter (Q2), the company managed to deliver with the existing talent base

Despite layoffs, Accenture Q2 outlook a relief for IT companies

Firm logs record $11.4 bn in managed service bookings

Adani share rout: LIC likely to put caps on investment exposure

"LIC is looking to have 'boundary conditions' on its investments that would limit its exposure to scrips," said the source

Higher prices, volumes key positives for iron ore miner NMDC stock

The company is likely to push iron ore capacity up, from the current rated 50 MTPA to 70 MTPA, which would leave it well-placed to meet demand in the next up cycle

CCI clears GMR Airports Infrastructure-Aeroports de Paris SA deal

On March 19, GMR Airports Infrastructure Ltd (GIL) announced the merger of GMR Airports Ltd with GIL

Maruti targets sales through Nexa outlets to overtake peer volumes

Maruti Suzuki sells its mass market models through the Arena chain while Nexa retails its premium models

Luxury housing fuelling growth in Indian realty market, say experts

Affordable housing, which remained the buyers' top choice, has lost its spark in recent times among the millennials

Five senior executives leave Nykaa; company calls it business as usual

Nykaa rivals conglomerates such as Tata and Reliance both of which have interests in the beauty products industry

Apple Inc supplier Pegatron in talks to open second India factory: Reports

Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million

Windfall Tax: Vedanta cuts $91 mn from govt's gains to make up for tax paid

In signs of protests against the 9-month-old windfall tax, mining mogul Anil Agarwal's Vedanta Ltd has withheld about USD 91 million from the share of profit due to government

CPPIB exploring buying out ReNew Energy shareholders, making firm pvt

Canada Pension Plan Investment Board is exploring buying the shares of ReNew Energy Global Plc that it doesn't already own and taking the Nasdaq-listed firm private

Licensing dispute: Zee Music hits' exit no music to Spotify ears

Though Spotify had 500 million monthly active users globally (as of February 2023), there is no clarity on its India user base