Page 61 - Companies

Dabur's chairman Amit Burman resigns, will remain non-executive director

Saket Burman has been appointed as the non-executive vice chairman of the board of directors with effect from August 11 for a period of 5 years

Head of Tata Trusts may be disallowed from heading a Tata Group company

Ratan Tata was the last person to chair both the companies, Tata Sons and Tata Trusts, after JRD Tata. He is deliberating on the issue to ensure that the interests of both companies are protected

New additions to Bullet family augur well for Eicher Motors stock

Valuations, however, factor in the gains

Discount broker Zerodha faces snag in early trade, issue resolved

A company spokesperson said the price was not ticking for a few customers, and the issue has been fixed now

Adani Group plans to invest Rs 57,575 crore in two Odisha projects

The group will also set up a 175 megawatt capacity captive power plant (CPP) at Kashipur of Rayagada district

LIC ropes in Milliman Advisors to derive September embedded value

Embedded value is an important metric that indicates an insurance company's performance, and is the sum of adjusted net worth and value of in-force business or estimated future profits

Tyre maker Balkrishna Industries FY23 volume, margin seen under pressure

Company's near term will be tough, but brokerages believe it will continue to gain market share

Numberwise: Foreign companies' interest in India fades, shows data

The number of firms active in the country is declining and new manufacturing concerns are scarce

Adani group to invest Rs 57,575 cr to set up alumina mill in Odisha

In a press statement, the group said it will set up a 4-million tonnes a year alumina refinery near bauxite mines as well as an iron ore project

HDFC executes unusual trade to hedge borrowings against interest rate risk

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation

Prep for funding winter: SoftBank warns its portfolio firms of cost cutting

Japanese tech investor asks portfolio firms to conserve cash reserves for 12-24 months

Former employees of JPMorgan accused of bullion-market manipulation

The jury will begin deliberations on the case late on Friday

B2B platform CleverTap to raise $105 million from CDPQ and others

B2B SaaS platform CleverTap on Wednesday said it has signed agreements to raise USD 105 million, about Rs 834 core, in the fourth stage of its funding round led by global investment group CDPQ.

S&P affirms ANI Technologies' 'B-' rating on sufficient liquidity

ANI Technologies Pte Ltd is scaling back its growth aspirations in loss-making segments to reduce capital requirements

On a bumpy ride: Demand for low-cost tractors hits margins in June quarter

This is despite volumes touching a record high

Crave InfoTech launches 'white paper' on top supply chain challenges

Crave InfoTech launched its white paper on 'Top 10 Supply Challenges and the Right Intelligent-Enterprise Solution'. The white paper has been crafted post deep industry research.

Succession at Torrent Group: Varun Mehta inducted into Torrent Power Board

After cousin Aman joins Torrent Pharma board, Varun Mehta, son of Sudhir Mehta, joins Torrent Power Board

5G-ready Bharti Airtel's profit up sixfold; sees 22.2% revenue growth

The company's healthy results came ahead of the launch of its 5G services in India later this month

upGrad raises $210 mn funding, eyes acquisitions in US, Southeast Asia

The funding has helped the firm double its valuation to $2.25 billion

Little-known firm's $175-bn dip erases more value than Goldman's m-cap

The rapid rise of AMTD Digital - a barely profitable financial services firm - is a tale that, while reminiscent of last year's meme-stock frenzy, is even more mysterious