Page 3 - Companies

SBI gave unsecured loans to firms and is now floundering: JKC tells SC

JKC argued that SBI had previously granted loans to companies without sufficient security, which led to their financial troubles

Cipla, Alkem eye Rs 4,000 crore stake in India's largest stent manufacturer

India's largest stent manufacturer, Sahajanand Medical Technologies is also reportedly exploring a public listing on the domestic market

Avenue Supermarts Q2 result: Net profit up 5.7% at Rs 659 cr, Ebitda up 29%

Avenue Supermarts Limited Q2 results: Revenue for the quarter saw a 14.41 per cent rise, amounting to Rs 14,444.5 crore, up from Rs 12,624.37 crore year-on-year

Ratan Tata death: Times when ex-Tata chairman debunked fake news about him

Ratan Tata, the chairman emeritus of Tata Sons, passed away in Mumbai on October 9. Throughout his remarkable social media presence, he actively debunked false news about himself

With Ratan Tata's death, leadership focus turns to next generation of Tatas

Ratan Tata's succession has long been a topic of interest, particularly since he had no children to inherit the Rs 3,800 crore business empire

JSW Infra receives LoI to develop port project worth over Rs 4,000 cr

The multi-purpose port in Maharashtra will handle captive, bulk, and dry bulk cargo

Tata Electronics names Bobby Mitra as CIO, president for AI transformation

He will advance Tata Electronics' technology and manufacturing capabilities, says company

Reliance Retail enters quick commerce, challenges Blinkit, Swiggy Instamart

With plans to expand to 1,150 cities and deliver groceries in just 10-30 minutes, Reliance is set to shake up the market, offering customers speed, convenience, and savings

Mattel unveils 'Diwali Barbie' doll in collaboration with Anita Dongre

Mattel's Diwali Barbie doll, dressed in a floral Koti vest, choli top, and lehenga skirt, is a blend of modern aesthetics with traditional craftsmanship, the company said

Tata Electronics plans to resume some operations at fire-hit Hosur plant

Tata Electronics will resume some operations at its fire-damaged Hosur plant in Tamil Nadu, which produces Apple iPhone components. The company said they are probing the cause of the Saturday fire

Ola's BOSS sale offers discounts as e-scooter sales fall, competition grows

Ola Electric's CEO Bhavish Aggarwal announced that during the sale, the S1 scooter is been priced as low as Rs 49,999

Godrej Properties' board approves Rs 6,000 cr fund raise through securities

The funds will be raised in one or more tranches through public and/or private offerings

SpiceJet settles salary dues following successful Rs 3,000 crore QIP

SpiceJet's financial woes have been compounded by its inability to secure additional funding, resulting in defaults on lease payments for its aircraft

Tata AIA launches NIFTY Alpha 50 Index Fund with ULIP: Should you invest

In addition to market-linked returns, consumers can avail of life cover and health & wellness benefits

Combined value of top 75 brands up 19% to $450.5 bn, TCS tops chart: Report

The combined valuation of India's top 75 valuable brands has gone up at an "impressive growth" rate of 19 per cent to USD 450.5 billion, according to the Kantar BrandZ report. India's leading IT firm TCS remained the most valuable brand for the third straight year, folllowed by HDFC Bank, Airtel, Infosys and SBI, the report said. "With a brand value of USD 49.7 billion, TCS has seen a 16 per cent rise versus last year, driven by investments in innovation, particularly in AI and digital transformation," it said. Brands across business sectors have fuelled the growth, with 54 brands boosting their brand value over the past year, according to the Kantar BrandZ MostValuable Indian Brands Report. "This impressive growth outpaces most other BrandZ rankings globally and closely mirrors the 20 per cent increase seen in the Global Top 100," it said. Financial services brands dominate the list as 17 brands contributed 28 per cent of the ranking overall brand value. HFDC Bank is second with

Tupperware lenders fight over assets as company files for bankruptcy

Lenders urged Tupperware to avoid bankruptcy and accept a simple foreclosure instead, court documents show

FinOps platform Bluecopa raises $1.8 million in pre-Series A round

The Hyderabad-based company will use the fresh capital to expand market reach, improve artificial intelligence (AI) capabilities, and advance product development.

India presents opportunity, world moving into Indian era: Salesforce

Customer relationship management-focused Salesforce's chairman and chief executive Marc Benioff has said the world is moving into an "Indian era". Speaking to reporters on the sidelines of the annual "Dreamforce" event here, Benioff said the opportunities in India are "exciting" and the company has invested in the country aggressively. "You can see that the world is moving into the Indian era. There is no question that we are going to move into an incredible moment in India," he said. The city-headquartered global company which is aiming to close FY25 with a revenue of USD 38 billion has over 11,000 employees in the country. A bulk of the employee base serves the global client base, while the increasing adoption of digital technologies has made India business also grow. "We do all kinds of things in India including engineering and support but also we go to market in India," Benioff said, adding that it serves large customers like the auto major Bajaj group. He said the company has

NCLT grants final approval for merger of TV18 and E18 into Network18

Once the merger with Network18 is fully approved by the Ministry of Information and Broadcasting (MIB), both E18 and TV18 will cease to exist as separate entities

Indo National divests its entire 51% stake in Kineco for Rs 220 crore

Indo National Ltd, the manufacturer of consumer electrical products and dry cell batteries under brand Nippo, on Tuesday, announced to divest its entire 51 per cent stake in Kineco Ltd, a composites manufacturer, for Rs 220 crore. The Chennai-based manufacturer plans to deploy the funds in new-age enterprises, aerospace and defence industries, as well as across diverse categories of the fast-moving consumer goods sector, according to a statement. "The board of directors decided to sell its 51 per cent stake in Kineco Limited to a consortium of investors for a consideration of Rs 220 crore," it said. Indo National is the second-largest player in the dry cell industry, with a production capacity of 800 million batteries per annum. Besides it also has a presence in consumer electricals and torchlights manufacturing. In 2016, the company invested in Kineco, a key composites business offering a wide range of products and processing technologies for defence, railways and industrial ...