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Business News/ Companies / Companies News Today highlights on December 3, 2024: Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details
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Companies News Today highlights on December 3, 2024: Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details

15 min read . Updated: 03 Dec 2024, 10:59 PM IST
Livemint

Companies News Today highlights on December 3, 2024: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Companies News Today Live Updates: Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check detailsPremium
Companies News Today Live Updates: Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details

Companies News Today highlights: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you're an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly changing business environment.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.

03 Dec 2024, 10:59:09 PM IST

Company News Today Live: Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details

  • Amazon Data Services India, an Amazon India subsidiary, reportedly acquired 38.18 acres of land from Macrotech Developers or Lodha Group. Macrotech Developers' shares rose in Tuesday's trading session. 
Read the full story here

03 Dec 2024, 09:54:05 PM IST

Company Results Today Live: Q1 results today: 92 companies including Tata Consumer Products, Indian Oil, GAIL to announce earnings on July 30

  • On July 30, 92 companies, including Tata Consumer Products, Indian Oil, GAIL, Capital Small Finance Bank, Castrol India, are slated to announce their quarterly earnings for Q1 FY 25.
Read the full story here

03 Dec 2024, 09:00:41 PM IST

Company News Today Live: TotalEnergies nears acquisition of renewable energy firm VSB Group for $2.1 billion; talks in advanced stage

  • French energy major TotalEnergies and Partners Group are in advanced discussions to close the acquisition of VSB Group, according to a Bloomberg report. The deal values the renewable energy firm at $2.1 billion.
Read the full story here

03 Dec 2024, 08:51:52 PM IST

Company Business News Today Live: Swiggy plans to add over 430 Instamart dark stores by March, eyes contribution break-even next year

  • The firm plans to take quick commerce dark store count from 609 to 1046 by March 2025; targets consolidated group-level positive adjusted Ebitda by Q3 FY26.
Read the full story here

03 Dec 2024, 08:22:21 PM IST

Company Results Today Live: Q1 results today: 45 companies including Infosys, JSW Infrastructure to declare earnings on July 18

  • Q1 results today: 45 companies are expected to announce quarterly results on July 18. India's second-largest IT company, is likely to report a consolidated net profit between 3-6 per cent for the April-June quarter of 2024.
Read the full story here

03 Dec 2024, 08:10:56 PM IST

Company News Today Live: Intel CEO's sudden exit: Pat Gelsinger to get $12 million as payout, firm's regulatory filing shows

  • Intel said the severance payment would include $1.9 million as base salary for 18 months and 1.5 times his target bonus of $3.4 million, payable over 18 months.
Read the full story here

03 Dec 2024, 07:15:39 PM IST

Company News Today Live: IndiGo sues M&M for trademark infringement over use of ‘6E’ for its EV

  • InterGlobe Aviation said that the “6E" mark is an integral part of IndiGo’s identity for the past 18 years and is a registered trademark that holds strong global recognition. Any unauthorised use of the “6E" mark, whether standalone or in any form, constitutes an infringement of IndiGo’s rights. 
Read the full story here

03 Dec 2024, 06:36:48 PM IST

Company News Today Live: Why M&A king Blackstone is building industrial realty assets from scratch

  • Renowned for its acquisition skills, the global asset manager has become the largest office space owner in India, and has the second-largest portfolio of malls, thanks to its inorganic approach. But when it comes to industrial real estate, it is also building assets from the ground up. What gives?
Read the full story here

03 Dec 2024, 05:36:40 PM IST

Company Business News Today Live: Are Intel’s problems too big to fix?

  • Pat Gelsinger’s exit might open some options, but Intel’s struggles in manufacturing technology and market shifts are still significant.
Read the full story here

03 Dec 2024, 05:19:24 PM IST

Company Business News Today Live: Microsoft faces $1.27 billion antitrust lawsuit over cloud services in UK

  • Microsoft faces a dispute in the U.K. over how it charges customers who buy cloud software services that rival its own Azure, the latest antitrust challenge to the U.S. tech giant’s approach to licensing.
Read the full story here

03 Dec 2024, 03:39:53 PM IST

Company Business News Today Live: Affordable subscriptions, wide content selection drive audio entertainment growth

  • Although audio fiction is a fairly new category in India, the longform format has strong potential in terms of user engagement, entertainment, and headroom for user penetration, according to Redseer.
Read the full story here

03 Dec 2024, 12:13:04 PM IST

Company News Today Live: How Stellantis CEO’s cost-cutting mantra cost him his job

  • Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.
Read the full story here

03 Dec 2024, 11:35:57 AM IST

Company News Today Live: Intel’s troubles deepen, as its boss makes an abrupt exit

  • Pat Gelsinger’s surprise departure poses a dilemma for Donald Trump
Read the full story here

03 Dec 2024, 11:25:51 AM IST

Company News Today Live: Captain Fresh in talks to raise up to $100 million from new and existing investors

  • The deal will close in the coming months and may be a part of the company's pre-IPO round, a source told Mint.
Read the full story here

03 Dec 2024, 11:11:58 AM IST

Company Business News Today Live: How tapping just 10% of India’s persons with disabilities can generate ₹4.5 trillion

  • India's first Virtual Incubator for PwD entrepreneurs backed by NEDAR Foundation provides holistic support via entrepreneurship development training, business mentoring market access, and ecosystem engagement through virtual platforms.
Read the full story here

03 Dec 2024, 11:06:36 AM IST

Company News Today Live: SpaceX weighs tender offer at roughly $350 billion valuation

  • SpaceX is negotiating to sell insider shares that could elevate its valuation to $350 billion, significantly up from the previous $255 billion. This would establish SpaceX as the most valuable private startup worldwide.
Read the full story here

03 Dec 2024, 05:30:23 AM IST

Company Business News Today Live: MapMyIndia move to shift B2C biz to founder's son kicks up a storm

  • MapMyIndia will transfer its Mappls Mall and Travel app for hotel and flight booking to the new company headed by the founder's son Rohan Verma, who has stepped down as MapMyIndia CEO.
Read the full story here

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