Business
Companies, markets, money and work. 601 stories, page 8 of 20.
Sun Pharma appoints Kirti Ganorkar as Managing Director; Dilip Shanghvi to remain as Executive Chairman.
Pharmaceutical company, Sun Pharmaceutical Industries Ltd, announced on Friday (June 13) the appointment of Kirti Ganorkar as its new managing director, effective…
Birla Corporation secures contract for 500-hectare limestone block in Jaisalmer.
The director of mines and geology for the Rajasthan government confirmed in a notification dated June 12, 2025, the company’s selection for the issuance of a mining…
ENBEE Trade and Finance collaborates with Sunrise FinServe toEnhance Loan Disbursements.
This alliance is a significant advancement in ENBEE’s ongoing initiative to enhance its lending ecosystem, especially in Maharashtra and Gujarat, as stated by the…
Alternative Perspectives on PSU Banks
The Nifty PSU Bank Index has risen by over 6% this year, surpassing the Nifty 50’s 4.5% increase. Although some analysts express concerns about margin pressures at…
Hindusthan Specialty’s acquisition boosts DCM Shriram Group’s focus on epoxy and advanced materials, according to CFO Agarwal.
“This is a relatively modern asset, established in 2018, and situated just 3.5 kilometres away from our current chemical complex in Jhagadia, Gujarat. The primary aim…
Ahmedabad Air India accident could lead to India’s highest aviation insurance compensation ever.
Experts in the industry predict that the total losses could soar to ₹1,000 crore, encompassing claims for aircraft damage, passenger compensation, and third-party…
FM Expected to Lead a Review Meeting with Heads of Public Sector Banks on June 27
This follows the 29th Financial Stability and Development Council (FSDC) meeting, which took place in Mumbai on June 10. During the FSDC meeting, Sitharaman advocated…
JetBlue plane from Chicago veers off runway and onto grass in Boston
Fortunately, there were no injuries reported among the passengers on JetBlue flight 312. However, the runway remained closed in the afternoon, leading to a ground stop…
Crompton Greaves secures ₹101 crore contract for solar pumping systems from MEDA.
The contract, valued at ₹100.68 crore excluding GST, is part of Component B of the Ministry of New and Renewable Energy’s (MNRE) PM-KUSUM scheme.
ONGC Contains Gas Leak at Rudrasagar Well in Assam; No Injuries Reported
Upon noticing the release, ONGC promptly enacted standard safety measures. The area was swiftly secured, and an emergency response team led by the Asset Manager arrived…
Bhartia family set to sell shares in three Jubilant firms through block transactions.
The planned sales comprise up to 13.2 million shares of Jubilant FoodWorks, 12 million shares of Jubilant Ingrevia, and 5.6 million shares of Jubilant Pharmova, sources…
Madras High Court voids extensions for GST adjudication deadlines for specific financial years.
The court stated that these extensions—applying to FY 2017–18 to 2019–20—were not legally sound, as they failed to adhere to appropriate legal procedures.
Hyundai India Set to Leverage Parent Company’s Worldwide Supply Chain for Rare Earth Magnets
Hyundai India is set to leverage the global supply chain of its parent company, Hyundai Motor Company, to procure rare earth magnets, according to sources speaking with…
Trump’s auto tariffs target Japan’s economic core.
With a 25% US tariff now imposed on cars and auto parts, Japan’s leading automakers — including Toyota Motor Corp., Honda Motor Co., Mazda Motor Corp., and Subaru Corp.…
Commerce Ministry Initiates Task Force Meetings for Textile Exports Aiming for $100 Billion by FY31
In FY 2023-24, India exported textile products valued at $34.4 billion, with apparel making up 42% of the export portfolio, followed closely by raw…
Former Brightcom Group Officials Pay ₹35.4 Lakh to Resolve SEBI Case
The settlement order followed submissions from K Anusha and V Sri Lakshmi, former compliance officers of BGL, along with K Jayalakshmi Kumari, an independent director.…
RailTel secures ₹119.5 crore contract from South Eastern Coalfields for VPN network installation in its mines.
“…this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from South Eastern Coalfields Limited amounting to ₹11,94,89,669…
Enhanced Semiconductor Crisis: Rare Earth Shortage Raises Concerns in the Automotive Industry
China commands over 90% of the global rare earth supply chain and is prioritizing European manufacturers such as Stellantis and Volkswagen, leaving Indian companies in a…
Hindustan Zinc Dividend: Board to Meet Today to Discuss First Interim Payment for FY26; Vedanta Also Under Review
The board of Hindustan Zinc is set to convene on June 11 to deliberate on its first interim dividend for the financial year 2025-26.
GM avoids tariffs by relocating production from Mexico to the U.S.
This investment will increase finished vehicle production at plants in Michigan, Kansas, and Tennessee, GM announced Tuesday in a statement.
Orbimed to sell 2.27% ownership in Marksans Pharma through a ₹256.8 crore block transaction.
The indicative floor price has been established at ₹249.95 per share. This block deal accounts for roughly 2.27% of Marksans Pharma’s overall equity.
Advent’s Jomei Investments Initiates ₹856 Crore Block Transaction in Aditya Birla Capital
The set floor price for this deal is ₹237.80 per share, as indicated by sources familiar with the matter, CNBC-TV18 stated.
Max Financial Services names Sumit Madan as Managing Director and CEO of Axis Max Life Insurance.
Max Financial Services Ltd announced on Tuesday (June 10) that Sumit Madan has been appointed as the new managing director and chief executive officer of Axis Max Life…
Aurionpro aims for a 30% increase in FY26, focusing heavily on research and development, acquisitions, and international growth.
“We aim for approximately 30% growth,” stated Ashish Rai, Global CEO of Aurionpro Solutions, during an interview with CNBC-TV18. “Over the past four to five years, we’ve…
Huawei’s Chips Lagging a Generation Behind U.S. Competitors, but Company is Discovering Solutions, According to CEO
The chipmaker allocates 180 billion yuan ($25.07 billion) annually for research and expresses optimism about compound chips—those composed of multiple materials—Ren…
China’s Solar Sector Convenes Amid Growing Concerns Over Demand
The exceptional growth of the solar industry in China obscures harsh economic realities confronting equipment manufacturers. Profit margins have plummeted as intense…
Jindal Saw Plans $118 Million Investment in UAE and Saudi Arabia for Pipe Production Growth
The largest project entails the establishment of a wholly owned subsidiary in Abu Dhabi, United Arab Emirates, to create a seamless pipe manufacturing facility with a…
Mahindra & Mahindra pours ₹1,652 crore into Mahindra Finance rights issue, increasing ownership to 52.49%
M&M was allotted 8.52 crore equity shares at ₹194 per share (including a ₹192 premium) as part of the ₹2,996 crore rights issue. This acquisition, valued at around…
Veteran Kotak fund manager Lakshmi Iyer to join Bajaj Group.
Iyer served as the chief executive officer of investments and strategy at Kotak Alternate Asset Managers Ltd. She is set to join Bajaj Finserv Ltd., according to these…
Poonawalla Fincorp introduces around-the-clock digital business loans for MSMEs.
This product utilizes a Straight Through Processing (STP) model, facilitating immediate onboarding and approvals. It harnesses digital public infrastructure, including…
L&T secures contract valued at approximately ₹2,500 crore from JSW Energy for heavy civil infrastructure division.
This contract is categorized as a “significant” order, indicating its value falls between ₹1,000 crore and ₹2,500 crore.