Mumbai: In a departure from past practice, the Aditya Birla Group has introduced a royalty fee for its operating companies using its brand name, the top bosses of group companies…
Category: Companies
Centre extends battery PLI deadline for Ola, Reliance; Rajesh Exports left out
New Delhi/Mumbai: The Centre has given a deadline extension to two of three companies that were awarded contracts to build batteries for automotive and industrial uses, according to two government…
DLF maps ‘luxury ladder’ across malls as it segments retail portfolio by consumer spend
The country’s growing pool of affluent consumers is prompting mall operators to rethink how they segment retail space, with DLF looking to create a progression from accessible premium brands to…
Tata Motors PV profit plunges 79% as JLR weighs on India gains
Tata Motors PV reported a 79% year-on-year (y-o-y) fall in consolidated profit to ₹859 crore in the April-June quarter, its third consecutive quarterly decline since demerging from the commercial vehicle…
Explosion, Fire Reported at KNDS Ammunition Plant Near Rome
(Bloomberg) — A KNDS NV plant southeast of Rome that makes ammunition for land and naval forces was rocked by a fire and explosions, prompting an evacuation of company personnel.…
Tata Motors reassures investors after N Chandrasekaran’s exit: ‘We will remain fully focused’
India’s Tata Motors Passenger Vehicles said on Thursday that its investment spending will not change following the exit of parent Tata Sons’ Chairman N. Chandrasekaran, as the carmaker reported an…
Godrej Industries group signs pact to invest ₹20,000 crore in Haryana state
Godrej Industries group on Monday said it has signed a pact with the government of Haryana to invest ₹20,000 crore ($2.09 billion) in the northern state, expanding its presence in…
Chennai’s Congruence Holdings to expand to 300 outlets across South India
-based Congruence Holdings, a consumer technology company offering services spanning the retail, repair and upgrading of electronic products plans to expand its retail and service network to 300 outlets by…
Aurobindo arm’s facility in US gets 4 observations from USFDA
The United States Food and Drug Administration (USFDA) has concluded a routine inspection at Lannett Company LLC, a wholly owned step-down subsidiary at Seymour with four observations. “The inspection concluded with…
Oriental Hotels to merge with IHCL in all stock deal
which owns Taj properties in Chennai is merging with . OHL is an associate compay IHCL and has a portfolio of seven hotels with 825 rooms. This includes freehold…