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Business News/ Companies / Companies News Today highlights on November 8, 2024: PFC board declines SP Group's 20,000-crore loan proposal
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Companies News Today highlights on November 8, 2024: PFC board declines SP Group's ₹20,000-crore loan proposal

Companies News Today highlights on November 8, 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: PFC board declines SP Group's ₹20,000-crore loan proposalPremium
Companies News Today Live Updates: PFC board declines SP Group's 20,000-crore loan proposal

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.

08 Nov 2024, 10:31:31 PM IST

Company News Today Live: PFC board declines SP Group's ₹20,000-crore loan proposal

  • The Power Finance Corporation has rejected a significant loan proposal from Shapoorji Pallonji Group, potentially impacting its debt repayment strategy. The SP Group plans to explore different financing avenues in light of PFC's concerns.
Read the full story here

08 Nov 2024, 07:49:52 PM IST

Company Results Today Live: At India’s largest bank, all eyes on premium customers

  • State Bank of India chairman C.S. Setty, who took over from Dinesh Khara at the end of August, said the bank is looking to accelerate its deposit growth by targeting premium customers while avoiding a rate war.
Read the full story here

08 Nov 2024, 07:31:31 PM IST

Company News Today Live: Vistara CEO to lead major post-merger integration as Air India reshuffles senior management

  • Air India Group announced senior management rejig as Vistara merges with Air India on November 12. Key changes include Vinod Kanan continuing as Chief Integration Officer, Deepak Rajawat becoming CFO of Air India Express, and several Vistara executives transitioning to new roles within Tata Group.
Read the full story here

08 Nov 2024, 05:31:24 PM IST

Company News Today Live: Goldman pitches a personal CFO to the ultrawealthy

  • The Wall Street giant is expanding its services in a quest for more assets and stable fee revenue.
Read the full story here

08 Nov 2024, 05:15:36 PM IST

Company News Today Live: India finds Zomato, Swiggy food delivery businesses breached antitrust laws, documents show

  • The antitrust investigation against Swiggy and its top rival Zomato began in 2022 after a complaint by National Restaurant Association of India about the impact on food outlets of alleged anti-competitive practices of the platforms.
Read the full story here

08 Nov 2024, 04:18:21 PM IST

Company Results Today Live: LIC Q2 Results: Net profit falls 4% to ₹7,621 crore, net premium income up 11% YoY; asset quality stable

  • LIC Q2 Results: Net profit falls 4% to 7,621 crore, net premium income up 11% YoY
Read the full story here

08 Nov 2024, 02:27:05 PM IST

Company News Today Live: Tycoon drives India’s push against China’s solar-energy dominance

  • Gautam Adani, the founder of one of India’s biggest business conglomerates, lies at the intersection of the country’s clean energy challenge to China.
Read the full story here

08 Nov 2024, 01:54:25 PM IST

Top Company Leader Today Live: Zoho founder Sridhar Vembu slams Freshworks' 13% layoffs amid 22% revenue growth: ‘This corporate greed is unacceptable’

  • Vembu argued that companies with financial strength should focus on employee loyalty and innovation instead of stock buybacks and layoffs.
Read the full story here

08 Nov 2024, 01:29:49 PM IST

Start-ups Today Live: Even Healthcare’s hospital push: Filling India’s secondary care gap

  • With a focus on affordable secondary care, Alpha Wave Ventures-backed Even Healthcare is building a network to streamline treatment, surgeries, and claims—all under one roof.
Read the full story here

08 Nov 2024, 12:53:18 PM IST

Company News Today Live: Vistara experience isn’t going away: Air India assures passengers, promises same world-class service under new code

  • Air India has reassured Vistara passengers that their in-flight experience will stay the same even after the upcoming merger, promising continuity in services, familiar crew, and a wider network.
Read the full story here

08 Nov 2024, 12:28:44 PM IST

Company News Today Live: Haldiram Bhujiawala raises ₹235 cr from Pantomath’s Bharat Value Fund

  • The company plans to use the proceeds to expand its manufacturing units and markets outside of eastern and northeastern Indian markets.
Read the full story here

08 Nov 2024, 12:15:46 PM IST

Company Results Today Live: Akzo Nobel India Q2 Results Live: Profit Rises by 3.93% YOY

  • Akzo Nobel India Q2 Results Live: Revenue increased by 2.72% YoY & profit increased by 3.93% YoY.
Read the full story here

08 Nov 2024, 12:15:29 PM IST

Company Results Today Live: Cummins India Q2 Results Live: Profit Rise by 36.55% YOY

  • Cummins India Q2 Results Live: Revenue increased by 30.55% YoY & profit increased by 36.55% YoY.
Read the full story here

08 Nov 2024, 12:15:18 PM IST

Company Results Today Live: Clean Science & Technology Q2 Results Live: Profit Rises by 12.57% YoY

  • Clean Science & Technology Q2 Results Live: Revenue increased by 31.48% YoY & profit increased by 12.57% YoY.
Read the full story here

08 Nov 2024, 12:15:13 PM IST

Company Results Today Live: Trent Q2 Results Live: Profit Rises by 44.31% YOY

  • Trent Q2 Results Live: Revenue increased by 39.37% YoY & profit increased by 44.31% YoY
Read the full story here

08 Nov 2024, 12:15:06 PM IST

Company Results Today Live: Alembic Pharmaceuticals Q2 Results Live: Profit Rise by 12.33% YOY

  • Alembic Pharmaceuticals Q2 Results Live: Revenue increased by 3.33% YoY & profit increased by 12.33% YoY.
Read the full story here

08 Nov 2024, 12:14:58 PM IST

Company Results Today Live: NHPC Q2 Results Live: Profit Falls by 45.1% YOY

  • NHPC Q2 Results Live: Revenue increased by 4.12% YoY & profit decreased by 45.1% YoY
Read the full story here

08 Nov 2024, 12:14:52 PM IST

Company Results Today Live: Gujarat State Petronet Q2 Results Live: Profit Falls by 38.04% YoY

  • Gujarat State Petronet Q2 Results Live: Revenue decreased by 5.71% YoY & profit decreased by 38.04% YoY.
Read the full story here

08 Nov 2024, 12:14:45 PM IST

Company Results Today Live: India Pesticides Q2 Results Live: Profit Rises by 32.87% YOY

  • India Pesticides Q2 Results Live: Revenue increased by 13.27% YoY & profit increased by 32.87% YoY.
Read the full story here

08 Nov 2024, 12:14:40 PM IST

Company Results Today Live: Page Industries Q2 Results Live: Profit Rises by 29.93% YoY

  • Page Industries Q2 Results Live: Revenue increased by 10.77% YoY & profit increased by 29.93% YoY
Read the full story here

08 Nov 2024, 12:14:34 PM IST

Company Results Today Live: RHI Magnesita India Q2 Results Live: Profit Falls by 35.61% YOY

  • RHI Magnesita India Q2 Results Live: Revenue decreased by 12.14% YoY & profit decreased by 35.61% YoY.
Read the full story here

08 Nov 2024, 12:14:29 PM IST

Company Results Today Live: Lupin Q2 Results Live: Profit Rises by 74.11% YoY

  • Lupin Q2 Results Live: Revenue increased by 12.59% YoY & profit increased by 74.11% YoY
Read the full story here

08 Nov 2024, 12:14:22 PM IST

Company Results Today Live: Emami Q2 Results Live: Profit Rises by 19.14% YOY

  • Emami Q2 Results Live: Revenue increased by 2.97% YoY & profit increased by 19.14% YoY.
Read the full story here

08 Nov 2024, 12:14:15 PM IST

Company Results Today Live: Escorts Kubota Q2 Results Live: Profit Rises by 45.19% YOY

  • Escorts Kubota Q2 Results Live: Revenue increased by 20.84% YoY & profit increased by 45.19% YoY.
Read the full story here

08 Nov 2024, 12:14:08 PM IST

Company Results Today Live: Aavas Financiers Q2 Results Live: Profit Rises by 21.57% YOY

  • Aavas Financiers Q2 Results Live: Revenue increased by 5.64% YoY & profit increased by 21.57% YoY
Read the full story here

08 Nov 2024, 12:14:04 PM IST

Company Results Today Live: Indigo Paints Q2 Results Live: Profit Falls by 10.63% YOY

  • Indigo Paints Q2 Results Live: Revenue increased by 7.35% YoY & profit decreased by 10.63% YoY
Read the full story here

08 Nov 2024, 11:30:22 AM IST

Company News Today Live: Elon Musk backs India's spectrum allocation for satellite broadband: A win for Starlink, a blow to Jio and Airtel?

  • Elon Musk has supported India's recent decision to allocate spectrum for satellite broadband, which could pave the way for Starlink's entry into the Indian market.
Read the full story here

08 Nov 2024, 10:37:21 AM IST

Company News Today Live: Nissan slashes 9,000 jobs, cuts production by 20% amid 94% income drop, CEO to take 50% pay cut

  • Nissan Motor Co.’s struggles to cope with tougher car industry conditions and address internal weaknesses have spiralled, leaving the automaker no choice but to slash payroll, production and its forecasts for this fiscal year. Nissan CEO Makoto Uchida to forfeit half of his compensation.
Read the full story here

08 Nov 2024, 09:48:22 AM IST

Company Results Today Live: Q2 Results Today: LIC, SBI, Tata Motors, Ashok Leyland, MRF, Vedanta among 174 to post earnings on November 8

  • Q2 Results Today: Key players, including State Bank of India, Life Insurance Corporation of India, Tata Motors, Ashok Leyland, and MRF, are set to release their Q2 FY2025 earnings on Friday, highlighting their performance for the quarter that ended on September 30, 2024.
Read the full story here

08 Nov 2024, 08:37:30 AM IST

Company News Today Live: Freshworks announces 660 job cuts, $400 million share buyback, raise in earnings estimates; stock jumps

  • Freshworks said it will trim 13% of its workforce, or 660 employees, globally. The company expects to book about $11 million to $13 million in restructuring charges in the fourth quarte.
Read the full story here

08 Nov 2024, 06:00:26 AM IST

Company News Today Live: How NPCI's Bharat Connect aims to streamline B2B payments for small businesses

  • NPCI Bharat Connect is building an interoperable B2B payments platform to streamline operations and enable credit access for India’s 6.3 crore MSMEs
Read the full story here

08 Nov 2024, 05:30:22 AM IST

Start-ups Today Live: This impact investor is set to place its biggest bet yet. And it’s purely commercial.

  • Aavishkaar Capital is set to raise 1,500 crore for its seventh fund, it’s largest ever. And it has a specific kind of startup in mind.
Read the full story here

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