Page 319 - Company News

Vodafone Idea warns of insolvency risk beyond FY26 without govt support

The report comes a day after Vi filed a fresh plea before the Supreme Court seeking a waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues

Sun Pharma gets USFDA approval for new device to treat skin disease

The company says that the new device is more compact and easier to use than its predecessor

Fire disrupts production at GSK Pharma's contract manufacturing site

GSK Pharmaceuticals has reported a fire at one of its contract sites, causing temporary disruption; the company is assessing the impact and working to restore operations

Zomato, Swiggy now levy rain surcharge on Gold, One premium users

Zomato and Swiggy will now apply rain surcharge on premium members ending earlier waivers as both platforms intensify efforts to boost profitability and cut losses

IndusInd Bank shares end flat after sharp decline in morning trade

In a regulatory filing on Thursday, IndusInd Bank said this balance was, later in January 2025, set off against corresponding balances appearing in other liabilities accounts

Waaree Renewable Technologies secures Rs 114 cr solar project order

The order value is approximately Rs 114.23 crore. This project will be executed under Mukhyamantri Saur Krushi Vahini Yojana-2.0

ReNew kicks off work for Rs 22K cr green energy complex in Andhra Pradesh

ReNew reenters Andhra Pradesh with India's biggest single-site renewable energy project, backing the state's clean energy push with a Rs 22,000 crore commitment

EV biz to breakeven when monthly sales reach 25K units: Hero MotoCorp CFO

Hero MotoCorp aims to break even in its EV business by reaching 25,000-30,000 monthly unit sales, with FY25 sales up 175% and EBITDA improving to -95%

Oyo adds 3,500 new corporate clients in FY25, logs 20% annual growth

The growth in the company's corporate portfolio indicates a rebound in business travel in India post-Covid

Infosys trims variable bonus payment to 65%, cites business condition

Most IT services companies expect near-flat growth in FY due to macroeconomic uncertainty

Yes Bank expects Japan's SMBC to maintain at least 20% stake, says CEO

SMBC on Friday said it had signed a definitive agreement to take a 20 per cent stake in Mumbai-based Yes Bank, a deal that marks the largest cross-border merger

Singapore's Singtel sells 1.2% stake in Bharti Airtel for $1.54 billion

Singtel reduces its Bharti Airtel stake from 29.5% to 28.3% after selling 71 million shares for $1.54 billion through its wholly owned unit Pastel

Signature Global aims 21.5% rise in sales bookings in FY26 on strong demand

The company's sales bookings rose 42 per cent to a record Rs 10,290 crore in the 2024-25 fiscal

Jindal Family Trust to sell ₹1,200 cr JSW Infra stake to meet Sebi norms

Sajjan Jindal Family Trust to offload up to ₹1200 crore in JSW Infra shares via block deal to comply with Sebi's minimum 25 per cent public shareholding regulations

EaseMyTrip slams MakeMyTrip over alleged Chinese ties; MMT refutes claim

EaseMyTrip co-founder Nishant Pitti accuses MakeMyTrip of Chinese links posing security risks MakeMyTrip refutes the claims, calls itself a proud Indian company complying with laws

Greenko founders eye fresh deal to acquire Orix's stake despite pullout

Anil Chalamalasetty and Mahesh Kolli, co-founders of Greenko, are tweaking the deal structure to pave the way for the acquisition to proceed

AAH severs ties with Turkey's Celebi for Mumbai, Ahmedabad airports

It also said that Celebi has been directed to immediately hand over to the company all ground handling facilities to ensure uninterrupted operations

Make in US, not in India, US president Donald Trump tells Apple CEO

Firms decide manufacturing based on competitiveness, say officials

Tata Consultancy Services emerges payout master in India's IT industry

TCS has cumulatively returned about ₹2.06 trillion to shareholders since 2020-21 (FY21), nearly matching its ₹2.07 trillion in net profit over the same period

Muthoot Finance to go slow on MFI biz amid stress in the segment: MD

George Alexander Muthoot says the firm will prioritise gold loans due to strong demand and regulatory pressure on unsecured lending, as MFI exposure is scaled down