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IndiGo's parent firm to challenge tax demands worth over Rs 1,666 crore

IndiGo's parent firm to challenge tax demands worth over Rs 1,666 crore

Thu, Nov 23, 2023

The company said a demand of "INR 7,396.76 million (AY 2016-17) and INR 9,270.31 Million (AY 2017-18) was raised by the Assessing officer, against which the Company had preferred appeal before CIT-Appeal".

Titan Company plans to hire over 3,000 employees in next 5 years

Titan Company plans to hire over 3,000 employees in next 5 years

Tue, Nov 21, 2023

The Titan Company said it is planning to add over 3,000 employees in the next 5 years across domains including engineering, design, luxury, digital, data analytics, marketing and sales among others.

CAMS Q2 Results: Profit rises 17% to Rs 84.5 crore

CAMS Q2 Results: Profit rises 17% to Rs 84.5 crore

Wed, Nov 08, 2023

CAMS Q2 Results: CAMS, which acts as a registrar and transfer agent for mutual funds, reported a 17.1 per cent surge in net profit to Rs 84.51 crore for three months ended September 2023.

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SAIL produces record 18.28 MT crude steel; 19.40 MT hot metal in FY23

SAIL produces record 18.28 MT crude steel; 19.40 MT hot metal in FY23

Mon, Apr 03, 2023

State-owned SAIL has produced a record 18.28 million tonnes (MT) of crude steel during financial year 2022-23, registering a year-on-year rise of 5.3 per cent.

Google to cut free snacks & workout classes for employees: Report

Google to cut free snacks & workout classes for employees: Report

Sun, Apr 02, 2023

On January 20, Google CEO Sundar Pichai had confirmed in a letter to employees that about 12,000 people will be laid off globally, accounting for more than 6 per cent of the total workforce.

Surf Excel, Vim, Rin to cost less as HUL cuts prices

Surf Excel, Vim, Rin to cost less as HUL cuts prices

Fri, Mar 31, 2023

Hindustan Unilever has slashed prices of its detergent and dish wash bar brands such as Surf Excel, Vim and Rin - here's why the FMCG major has decided to reduce prices.

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Microsoft lays off 559 employees as Seattle-area job cuts top 2,700

Tue, Mar 28, 2023

Reports said that hundreds of employees faced cuts in security roles under Charlie Bell, a former Amazon Web Services executive who joined Microsoft in 2021. A Microsoft spokesperson said the latest layoffs "are part of the effort to align our cost structure with our revenue that was announced in January".

HDFC board clears raising Rs 57,000 crore through non-convertible debentures

HDFC board clears raising Rs 57,000 crore through non-convertible debentures

Mon, Mar 27, 2023

The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a regulatory filing.

Zydus recalls over 55,000 bottles of generic drug in US amid failed impurities specifications

Zydus recalls over 55,000 bottles of generic drug in US amid failed impurities specifications

Sun, Mar 26, 2023

As per the latest enforcement report by the US Food and Drug Administration (USFDA), Zydus Pharmaceuticals (USA) Inc is recalling 21,936 (30 count) and 33,096 (100 count) bottles of Colchicine tablets, which are used to treat gout.

Finolex Cables expects Rs 11,000 crore revenue by 2028

Finolex Cables expects Rs 11,000 crore revenue by 2028

Tue, Mar 21, 2023

Finolex Cables is the largest manufacturer of electrical and communication cables and pioneered the segment among domestic manufacturers, and its wire and cable products are used in applications such as automobiles, lighting, cable TV, telephones, and computers to industrial applications.

GAIL wins bankruptcy court nod to acquire JBF Petrochemicals

GAIL wins bankruptcy court nod to acquire JBF Petrochemicals

Wed, Mar 15, 2023

In a stock exchange filing, GAIL (India) Ltd said the Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the resolution plan it had submitted after JBF was auctioned by lenders to recover unpaid dues.

PVC pipes, fittings manufacturers to log volume growth of 13-15% in FY24: Crisil Ratings

PVC pipes, fittings manufacturers to log volume growth of 13-15% in FY24: Crisil Ratings

Mon, Mar 13, 2023

Higher capital allocation in the Union Budget for irrigation and housing schemes such as Jal Jeevan Mission and Pradhan Mantri Awas Yojana and continued healthy demand from the residential real estate sector, CRISIL Ratings Director Anand Kulkarni said.

Welspun One Logistics Parks launches second fund of Rs 2,000 crore

Welspun One Logistics Parks launches second fund of Rs 2,000 crore

Mon, Mar 13, 2023

Welspun launched the first fund in early 2021 and had got capital commitments worth Rs 500 crore from high net-worth investors and family offices and the capital was invested in companies, aggregating to 6.5 million squre feet and it expects to deliver 50 per cent of the portfolio by mid-2023, the company said in a statement.

LIC's debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5

LIC's debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5

Mon, Mar 13, 2023

Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively".

India's chemical demand likely to jump to USD 1,000 billion by 2040

India's chemical demand likely to jump to USD 1,000 billion by 2040

Sun, Mar 12, 2023

In the report titled 'India: The next chemicals manufacturing hub', McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade.

Godrej Industries plans to raise Rs 1,000 crore via bonds

Godrej Industries plans to raise Rs 1,000 crore via bonds

Sat, Mar 11, 2023

Godrej Industries operates in the businesses of Oleochemicals, surfactants, finance & investments and estate management. The issue has been divided into two tranches of 25,000 NCDs with a face value of Rs 1 lakh each.

BYJU's plans to shut coding platform WhiteHat Jr

BYJU's plans to shut coding platform WhiteHat Jr

Thu, Mar 02, 2023

People close to the development earlier told IANS that the top BYJU's management was in a huddle and meetings were on to appraise the WhiteHat Jr employees about the situation in the next few days.

Matrimony app Betterhalf raises $8.5 million funding from FinSight Ventures, Instagram co-founder, others

Matrimony app Betterhalf raises $8.5 million funding from FinSight Ventures, Instagram co-founder, others

Thu, Mar 02, 2023

Betterhalf, said it is "uniquely positioned as a new-age matrimony platform" and "envisions building a super app unicorn of Indian matrimony and full-stack tech-enabled wedding services as the company's growth pillars".

Swiggy sells Cloud Kitchen biz to Kitchens@ as food delivery growth slows down

Swiggy sells Cloud Kitchen biz to Kitchens@ as food delivery growth slows down

Thu, Mar 02, 2023

The Swiggy Access programme allows restaurant partners to establish kitchen spaces in neighbourhoods where they do not currently operate, with the goal of offering more variety and shortening delivery times for consumers.

Airtel reaches 1 million customer mark on 5G network in Mumbai

Airtel reaches 1 million customer mark on 5G network in Mumbai

Thu, Mar 02, 2023

Airtel recently crossed the 10 million unique customer mark on its 5G network nationally. The Sunil Mittal-led telco said it is well poised to cover every town and key rural areas with Airtel 5G services by end of March 2024.

PNB not to divest its stake in Canara HSBC Life Insurance

PNB not to divest its stake in Canara HSBC Life Insurance

Wed, Mar 01, 2023

The board of directors in its meeting held on February 28, 2023 has accorded approval for withdrawal of the process for divestment of bank's stake in Canara HSBC Life Insurance Co Ltd, PNB said in a regulatory filing.

Vikas Ecotech aims to be debt-free in FY24

Vikas Ecotech aims to be debt-free in FY24

Wed, Mar 01, 2023

Vikas Ecotech is a small-cap company that operates in the specialty chemical industry. It is a leading supplier of premium specialty chemicals to clients worldwide. It supplies chemicals to several industry players including in agriculture, automobiles, cables, electricals, hygiene, healthcare, polymers and more.

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order in Delhi

Swiggy, Zomato flag 'misinterpretation' of bike-taxi ban order in Delhi

Wed, Mar 01, 2023

The food delivery platforms have sought clarification from the government on the directive while claiming that there has been misinterpretation of the notice as the ban is applicable on bike taxi service providers.

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