Rajnath urges defence production companies to prepare roadmap for next 25 yrs

New Delhi, Sep 27 (IANS) Defence Minister Rajnath Singh on Tuesday lauded the growing role of private manufacturers in defence production, describing it as an indicator in the sector’s growth. He urged the manufacturers to make a roadmap for the next 25 years and invest in research and development (R&D) and bring new products as … Read more

Tata Group in rejig mode, 7 Tata metal companies to merge with Tata Steel (2nd Ld)

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd on Friday announced a mega merger of listed and unlisted companies, mainly to derive business synergies and also to reduce and simplify the Tata Group’s steel business structure. Tata Steel’s Board on Thursday approved the amalgamation of seven group companies with the former. The merging … Read more

Mega Merger: Seven Tata companies to amalgamate with Tata Steel (Ld)

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd on Friday announced a mega merger of listed and unlisted companies mainly to derive business synergies and also to reduce and simplify the Tata Group’s steel business structure. Tata Steel’s Board on Friday approved the amalgamation of seven group companies with the former. The merging … Read more

Tata Steel to amalgamate seven companies with itself

Chennai, Sep 23 (IANS) Steel major Tata Steel (NS:) Ltd will amalgamate seven group companies with itself, the company said. In a regulatory filing, Tata Steel said its Board of Directors at a meeting held on Friday has approved the seven schemes of amalgamation: 1. Tata Steel Long Products (NS:) Limited 2. The Tinplate Company … Read more

Global Investors Meet: K’taka invites companies in the US to invest

Bengaluru, Sep 21 (IANS) The Karnataka delegation led by Minister for Large and Medium Industries Dr Murugesh R. Nirani visited the United States to attract investments and extended a formal invitation to the companies to participate in the upcoming Global Investors Meet scheduled on November 2,3 and 4 in Bengaluru in Karnataka. The Minister presented … Read more

Tencent Denies WSJ Report It Plans to Sell Stakes in Some Companies to Fund Growth, Buybacks By Investing.com

© Reuters By Senad Karaahmetovic Tencent (OTC:) has denied reporting from the Wall Street Journal that it is looking to raise funds by selling stakes in some of its holdings, including Ke Holdings (NYSE:), Meituan (OTC:), DiDi Global (OTC:). Tencent’s stake in these 3 businesses is worth nearly $30 billion. While this morning’s report from … Read more

Mega-Cap Stocks in Focus: Maruti Suzuki, SBI, Adani Power, Oil Companies & More

By Malvika Gurung Investing.com — Maruti Suzuki India (NS:): India’s largest carmaker will be recalling 5,002 super carry vehicles manufactured between May 4, 2022, and July 30, 2022. State Bank of India (NS:): SBI Global Factors have become a 100% subsidiary of the state-lending giant as the latter acquired almost 14% stake from other shareholders. … Read more

How private 5G, satellite internet services can cost dearly to companies

New Delhi, Sep 18 (IANS) As players like Elon Musk’s SpaceX, Hughes Communications India (along with ISRO) and Amazon (NASDAQ:) ramp up efforts to provide affordable internet services via low-earth orbit (LEO) satellites, the business model and pricing will be a challenge for scaling up networks, according to a new report. A few players are … Read more

Shares of two Tata group companies on the upswing

Chennai, Sep 15 (IANS) The shares of two Tata group companies have been on the upswing, touching new highs at the bourses. The two are non-banking finance company Tata Investment (NS:) Corporation Ltd and material handling equipment manufacturer TRF Ltd. Tata Investment is an investment company promoted by Tata Sons and other group companies. During … Read more

4 Companies That Announced Share Repurchase Plans Today By Investing.com

© Reuters. By Davit Kirakosyan Johnson & Johnson (NYSE:) made an announcement today, according to which its board of directors has authorized the repurchase of up to $5 billion of the company’s common stock. According to Joaquin Duato, CEO of Johnson & Johnson, the company has the ability to invest in innovation, grow its dividend, … Read more