Page 1016 - Company News

Go First lessors propose MRO agency to maintain aircraft, RP tells HC

The RP said that it is surprising that the lessors who have participated in the discussions have chosen not to place the above facts on record

Adani Green Energy announces incorporation of four step down subsidiaries

Adani Green Energy said its wholly-owned subsidiary Adani Renewable Energy Holding Nine Ltd has incorporated four wholly-owned subsidiaries on December 18

RBZ Jewellers IPO to open on Tuesday with price set at Rs 95-100 per share

The three-day Initial Public Offering (IPO) will conclude on December 21, the company said in a statement. The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale component.

British firm Arm lays off over 70 engineers in China, relocating roles

Arm Holdings Plc has recently laid off over 70 software engineers in China though it will relocate some of the roles outside of the Asian nation, according to people with knowledge of the move.

Biocon Biologics completes integration of Viatris' biosimilars business

Biocon Biologics bought Viatris' global biosimilars business last year to become one of the top five global players in the space

Shares of India's JSW Group drop after rape allegation against chairman

Shares of JSW Group fell as much as 5% on Monday, a day after its billionaire Chairman Sajjan Jindal said that local media reports accusing him of rape were "false and baseless".

Anil Agarwal's Vedanta announces second dividend of Rs 11 apiece for FY24

Vedanta second interim dividend: The second interim dividend will cost the company Rs 4,089 crore and its record date has been fixed at December 27

NBCC sells commercial space for Rs 905 cr in Delhi's World Trade Centre

As of date, the company has sold a total unsold commercial inventory of 23.92 lakh square feet through open e-auction, having a sale value of Rs 9,656.62 crore

Kotak Mahindra appoints Eli Leenaars as additional and independent director

With 35 years of experience in the financial sector, Eli Leenaars' new appointment will take effect from January 1, 2024

Demand for TMT rebars to grow over next 3-4 months: Tata Steel VP

Besides, there is consistency in government policies. So, sentiments are also high among the investors, he added

Accenture launches GenAI studio in Bengaluru to boost adoption of data, AI

IT major has target of doubling AI talent to 80,000 people in the next three years

TCS modernises post-trade market infrastructure for Switzerland's SIX

Platform is the backbone of the Swiss market's post-trade value chain, says Indian IT firm

Zydus Noveltech Inc dissolved after 'not generating meaningful revenue'

Dissolution of Zydus Noveltech Inc will not affect the business operations of the company, said Zydus Lifesciences

Edelweiss Financial Services to sell stake in unit for up to Rs 2,000 cr

The move to sell the stake will reduce the company's debt and improve its market value, it said

LIC sells 2% stake in Dixon Technologies; shareholding drops to 3%

Dixon Technologies India Limited reported a 2% decrease in holding from 5.012% to 3% during the period from April 20, 2022 to December 15, 2023 at an average cost of Rs 5877.65

Ambuja Cements to invest Rs 6,000 crore in renewable power projects

Earlier this month, ACL announced to complete acquisition of Sanghi Industries Limited (SIL) at an enterprise value of Rs 5,185 crore

GMR receives Rs 3,215-crore term loan for Vizag International Airport

The project cost would be funded by Rs 3,215 crore debt, equity and equity-linked instruments of Rs 1,377 crore, and a grant of Rs 135 crore by the Andhra Pradesh government

Come rain or shine: Avaada, others up the ante against conglomerates

'You can easily multiply capacity, but the biggest challenge to do any larger project in India is availability of land, availability of evacuation, funding, and the offtake agreement'

Sembcorp signs deal with Japanese firms to export green ammonia from India

The agreement will also expand Sembcorp's footprint in India where it already has a gross renewable portfolio of 3.7 giga-watts (GW), it added

SpiceJet shows interest in acquiring bankrupt carrier Go First: Report

The lenders of Go First have been contemplating liquidation as they think it will lead to a better recovery as compared to selling it