Corporate Affairs

NEW DELHI: A senior official has confirmed that the Indian government will not retract the tax demand of Rs 32,000 crore against IT giant Infosys, citing strong evidence in the case related to goods and services tax (GST). The official…

RAIPUR: Vedanta Aluminium becomes the "first company in the country’s aluminium industry to secure seven Bureau of Indian Standards (BIS) certifications" for its extensive range of aluminium products after the newly certified 12 mm wire…

NEW DELHI: Apple sets quarterly revenue records in India and more than two dozen other countries and regions with its June quarter revenue record of $85.8 billion, up 5 per cent. The company also saw strong performance from its Mac…

MUMBAI: Softbank, Ratan Tata and Sachin Tendulkar backed Firstcry, which claims to be the market leader in the ecommerce space catering to women and children, but has not made a single penny in profits in its 14 years of operations, has…

MUMBAI: Retail-focused non-bank lender Hero Fincorp, the financial services arm of the world’s largest two-wheeler maker Hero Motorcorp, has filed the final papers with the markets regulator Sebi seeking to raise Rs 3,688 crore, marginally…

BENGALURU: Nasdaq-listed technology major Cognizant has reported $566 million net profit, up 22.2%, in the quarter ended June 2024. The company's net profit in the same quarter last year was $463 million. Its revenue in the June quarter…

NEW DELHI: Adani Wilmar Ltd plans to invest around Rs 600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher…

NEW DELHI: India is one of the rapidly growing markets globally, and South Korean tech firm Samsung sees huge growth potential in the country, a senior company executive has said. Jong-Hee (JH) Han, Vice Chairman, CEO and Head of the…

NEW DELHI: Promoters of Coastal Energen have reiterated their commitment for a one-time settlement with lenders. In a press statement issued by the company promoted by Ahmed A R Buhari, it said the promoters’ earlier settlement proposal at…

चंडीगढ़:  सीआईआई ने उद्योग के विभिन्न क्षेत्रों के परिप्रेक्ष्य से केंद्रीय बजट 2024-25 का विश्लेषण करने के लिए एक इंटरैक्टिव सत्र का आयोजन किया। सत्र का उद्देश्य बजट और व्यवसायों पर इसके प्रभाव की विस्तृत समझ प्रदान करना था। “तकनीकी और…

NEW DELHI: FMCG-to-hotel conglomerate ITC will be investing Rs 20,000 crore over the next five years to enhance structural competitiveness and build an enterprise for the future. About 35–40% of this will be spent on FMCG business, while…

BENGALURU: Accenture has made an equity investment in global capability centre (GCC) platform ANSR, and will join the company’s board of directors. Though the company did not disclose the investment amount, according to reports,…

NEW DELHI: Aditya Birla Group Chairman, Kumar Mangalam Birla, on Friday announced the launch of the Group's jewellery retail business, marking the Group's foray into the rapidly expanding Rs.6.7 lakh crore Indian jewellery market. The…

MUMBAI: Gurugram-based Mankind Pharma, which is a leading player in the domestic OTC drug segment, has entered into a definitive agreement to acquire 100% stake that global investor Advent International holds in Bharat Serums and Vaccines…

BENGALURU: Tech Mahindra on Thursday reported a 23% increase in its consolidated net profit at Rs 851.5 crore for the June quarter as against Rs 692.5 crore in the year-ago period. The company’s revenue from operations in the quarter stood…

NEW DELHI: Vedanta Limited on Sunday announced that it has raised R8,500 crore through its maiden qualified institutional placement (QIP). A total number of 19.32 crore equity shares were allocated at R440 per equity share through the…

Los Angeles (United States): Californian workers at Disneyland endorsed a strike in a union-wide vote on Friday, paving the way for them to refuse to work at "the happiest place on Earth," according to the theme park's unions. Since…

New Delhi: Reliance Industries Ltd. (RIL), India's most valuable company, reported a 5% drop in its consolidated net profit (attributable to the owners) to Rs 15,138 crore for the first quarter ended June 2024 due to the underperformance of…

New Delhi: One97 Communications, which controls Paytm, reported a Rs 840 crore loss in the quarter ended June 30 due to restrictions on Paytm Payments Bank Ltd. The company reported a loss of Rs 358.4 crore a year earlier in a regulatory…