Page 1027 - Company News
Adani Group Ebitda surges record 47% in first half to cross Rs 43,000 cr
Trailing 12-month Ebitda of Rs 71,253 crore (USD 8.6 billion) is around 3x of FY19 (April 2018 to March 2019 fiscal year) Ebitda
 "Adani Group Ebitda surges record 47% in first half to cross Rs 43,000 cr")
Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani
The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg
 "Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani")
SpiceJet board adjourns meeting, to discuss funding plans on Tuesday
In an evening filing to the BSE, SpiceJet said its board on Monday "could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)"
 "SpiceJet board adjourns meeting, to discuss funding plans on Tuesday")
JSW USA to raise $145 mn loan for capex Moody's affirms stable ratings
Company's reliance on long-term external financing will be critical, says agency
 "JSW USA to raise $145 mn loan for capex Moody's affirms stable ratings")
China play in PLI 2.0: Dixon wins deal to make laptops for Lenovo
Dixon, a player in the electronics manufacturing services space, has won the contract through Padget Electronics, a fully-owned subsidiary
 "China play in PLI 2.0: Dixon wins deal to make laptops for Lenovo")
Realty firm DLF CFO Vivek Anand resigns, MD Tyagi given additional charge
DLF MD Ashok Kumar Tyagi, who has the overall responsibility for all corporate functions including Finance, will now have oversight of the Group Finance, IT, and secretarial functions
 "Realty firm DLF CFO Vivek Anand resigns, MD Tyagi given additional charge")
Fedbank Financial Services posts 25.12% growth in profit during Q2FY24
The Net Interest Income (NII) of the company rose by 29 per cent to Rs 207.30 crore from Rs 160.40 crore in the second quarter of the financial year 2023
 "Fedbank Financial Services posts 25.12% growth in profit during Q2FY24")
BDO Restructuring Advisory re-invites bids for gaming company SMAAASH
The Corporate Debtor (SMAAASH) has been involved in ongoing litigations, especially in connection with the trademarks and other brand content
 "BDO Restructuring Advisory re-invites bids for gaming company SMAAASH")
Microsoft reaches agreement on union contract terms governing its AI use
Microsoft has revamped almost its entire product lineup, including Office, Windows, search and security software, to add features based on OpenAI technology
 "Microsoft reaches agreement on union contract terms governing its AI use")
Tata Passenger Electric Mobility arm ties up with 4 charge point operators
"EV adoption is a national imperative to address urban pollution, and convenient charging infrastructure is a key enabler for driving faster EV adoption"
 "Tata Passenger Electric Mobility arm ties up with 4 charge point operators")
Relaxo Footwears to acquire land parcel at Bhiwadi at Rs 135 crore
The acquisition will be funded through internal accruals post the necessary statutory approvals, it added
 "Relaxo Footwears to acquire land parcel at Bhiwadi at Rs 135 crore")
IOC, LPG carriers reach truce after month long protest, NE supplies resume
Members of the North East Packed LPG Transporter Association (NEPLTA) had on December 4 stopped plying their trucks, alleging pending dues and low rates in recently floated tenders
 "IOC, LPG carriers reach truce after month long protest, NE supplies resume")
Majority of Inian workers likely to stay given good organisational culture
According to the study, despite boasting favourable workplace attributes, Indian workers exhibit the lowest commitment ratings compared to other surveyed countries
 "Majority of Inian workers likely to stay given good organisational culture")
ONDC have to address liability issue to build trust: Consumers Affairs secy
ONDC is an initiative of the Commerce and Industry Ministry to create a facilitative model to help small retailers take advantage of digital commerce
 "ONDC have to address liability issue to build trust: Consumers Affairs secy")
Tata Power, Indian Oil tie up to deploy 500 EV charging points across India
This strategic collaboration focuses on building a reliable and expansive intercity charging network which will help alleviate range anxiety for EV owners travelling between cities
 "Tata Power, Indian Oil tie up to deploy 500 EV charging points across India")
LIC to infuse Rs 25 crore into its subsidiary LIC MF Asset Management
LIC MF ranks 23rd among fund houses in terms of assets under management (AUM). In the September 2023 quarter, the fund house's average AUM was Rs 24,257 crore
 "LIC to infuse Rs 25 crore into its subsidiary LIC MF Asset Management")
EPFO invested Rs 27,105 crore in exchange trade funds in Apr-Oct: Govt
EPFO had invested Rs 53,081 crore in the ETFs during the fiscal 2022-23, higher than Rs 43,568 crore in 2021-22, Minister of State for Labour and Employment Rameshwar Teli said
 "EPFO invested Rs 27,105 crore in exchange trade funds in Apr-Oct: Govt")
Over 7,700 cos voluntarily exited biz since setting up C-PACE: Govt
In a separate written reply, Singh said the CSR-related disclosures are filed by the companies in the MCA 21 portal
 "Over 7,700 cos voluntarily exited biz since setting up C-PACE: Govt")
Mahindra to launch XUV300 facelift next year, to also get EV version
The XUV300 EV will be placed below the on-sale XUV400, which is a fairly large vehicle at 4200 mm when compared to the XUV300, an under 4-metre car
 "Mahindra to launch XUV300 facelift next year, to also get EV version")
Tata Power ties up with Indian Oil to set up over 500 EV charging stations
IOCL said it is aiming to provide 10,000 EV charging stations in India by 2024 transforming the retail network to complete energy solutions outlets
 "Tata Power ties up with Indian Oil to set up over 500 EV charging stations")