Page 1010 - Company News

Brookfield-backed Indostar Capital sells stressed SME loans worth Rs 292 cr

NBFC says in filing it is making efforts to sell nearly 50% of its stressed assets

Adani's JV hires global team for Dharavi overhaul project in Mumbai

Dharavi, about three quarters the size of New York's Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India's financial capital

Maruti Suzuki's total sales dip in December; exports in 2023 all-time-high

Despite the dip in December, Maruti Suzuki's compact segment continues to have the highest share in its total sales followed by utility vehicles and vans

JK Tyre raises Rs 500 cr; to be used for capex, strengthening balance sheet

JK Tyre & Industries on Monday said it has raised Rs 500 crore by way of qualified institutional placement (QIP)

M&M December sales: Domestic SUVs sales up 24% Y-o-Y on strong demand

Cars and vans saw a significant drop of 97 per cent Y-o-Y sales, with the company only selling three units in the last month of the calendar year

MG Motor India posts 18% growth in retail sales at 56,902 units in 2023

In December 2023, the company's retail sales were 4,400 units, up 13 per cent from the year-ago month, MG Motor India said in a statement

India Inc eyes growth in 2024, plans to boost hiring, investments

Higher corporate earnings, consumer spending, FDI to drive up markets

Indiabulls HFC may have to provide Rs 1,000 cr for AIF investments impact

Indiabulls' Assets Under Management (AUM) stood at Rs 63,569 crore as of September 30, 2023, comprising Housing Loans (72%), Loan Against Properties (15%), and commercial credit (13%)

No pre-election lull in execution, orders so far, say cement, steel firms

Cement dealers and executives from ratings agencies echo Acharya's view

Cadila Pharma CMD booked for alleged rape, assault on Bulgarian woman

In its order dated December 22, the HC had directed the chief judicial magistrate to pass an order of investigation by a competent police official into the complaint

2024 to see surge in new-age tech IPOs as macroeconomic headwinds ease

A total of five companies went public in 2023, up from three the previous year. These include Yatra, Zaggle, Yudiz, IdeaForge, and Mamaearth, with a cumulative issue size of around Rs 3,650 crore

Adani raises $15 bn in equity, debt in comeback plan post Hindenburg rout

The promoters infused USD 4.6 billion in repaying loans against shares, servicing loans taken for cement acquisitions and supporting green investments

Pilot unions express concern as Air India 'threats of appropriate measures'

"We are writing to express our concern and objection regarding recent communications implying threats of appropriate measures for sick reporting," the pilot bodies said in the communication

Social media firms gain $11 bn in ads from under-18 users in 2022: Report

Researchers said that approximately 30-40 per cent of the advertising revenue generated by Snapchat, TikTok and YouTube was attributable to young people

Indian Overseas Bank unveils savings account portability facility

The facility, being available online, helps customers avoid the laborious process of filling up endless forms manually and cuts short the days of waiting for the account transfer to take place

McKinsey agrees to $78 mn settlement with insurers over opioids crisis

Under the agreement, McKinsey would establish a fund to reimburse insurers, private benefit plans and others for some or all of their prescription opioid costs

Tata Tech to provide skill development training for Telangana students

The CM appreciated Tata Technologies for coming forward to provide compatible training to nearly one lakh students and announced that the state government would work with the company

Delhi court grants bail to 3 vivo-India executives, ED to challenge order

The ED had raided vivo-India and its linked persons in July last year and claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies

L&T wins Rs 1,040 cr contract for part of Bengaluru suburban rail project

The contract price is Rs 1,040.51 crore including GST and the contract period is 30 months. The physical work is expected to commence shortly, the company said

IndiGo passenger finds worm in sandwich served on flight, airline responds

The passenger questioned the quality of food being served by the airline and alleged that despite informing the crew about it, they continued to distribute the sandwiches to other passengers