Page 1030 - Company News

Dubai court orders release of SpiceJet aircraft seized due to litigation

Additionally, the Judge has directed an inquiry into losses suffered by SpiceJet as a result of the Order having been made

Sebi chief deeply regrets failure to de-freeze shares in Kirloskar case

In October 2020, Sebi prohibited Atul Kirloskar, Rahul Kirloskar, Alpana Kirloskar, Arti Kirloskar, and Jyotsna Kulkarni from accessing the securities market for six months

Not Britannia or Adani Wilmar: Which is the largest FMCG company in India?

ITC is now the largest FMCG company in India as it recorded food sales of Rs 17,100 crore during the first nine months of 2023-24

Airbus Helicopters partners with Indamer for fleet servicing, maintenance

Under this arrangement, Indamer will provide Maintenance, Repair and Overhaul (MRO) services for the rotor-wing aircraft at its facilities in Mumbai, New Delhi and Nagpur, Airbus Helicopters said

Maruti's first EV with a range of 550 km set to be launched by March 2025

While Maruti Suzuki retains a dominant market share in the petrol-powered affordable cars segment, given the size and range of the vehicle, the eVX is unlikely to be as affordable as Tata's Tiago EV

India Inc fundraising via private placement reaches Rs 8.97 trn in 2023

Corporates in India have set a new record for financing through private placements; the last record was set in 2020 at Rs 7.95 trillion

Vedanta Resources to raise $1.25 bn through foreign investors at high rates

While foreign debt typically carries interest rates ranging from 10-12%, Vedanta's loans have been offered at 18% interest rate for three years, beginning in January

Adani Green lays out plan for repaying $750 mn bond to restore confidence

Adani Green Energy Ltd., part of billionaire Gautam Adani's empire, will redeem the notes in full by the due date, it said in a filing to the Singapore stock exchange

Driven by artificial intelligence, Micron sees robust chip demand

The market size for global semiconductor memory was valued at $104.58 billion in 2022 and the worldwide semiconductor memory market is expected to touch $201.91 billion by 2032

SpiceJet board considering raising fresh capital by issuing equity shares

Budget airline tells BSE about its plan; told court earlier it's 'struggling to stay afloat'

GlaxoSmithKline completes VRS scheme as part of its business review

GlaxoSmithKline Pharmaceuticals has also established an Omnichannel Team, leveraging technology to enhance its reach and coverage across target segments

GenAI startup Sarvam AI raises $41 mn in funding round led by Lightspeed

Company says it is developing product that can be used for training custom AI models or as an enterprise-grade platform

ChrysCapital buys stake in ProHance for first investment in Indian SaaS

ProHance says ChrysCapital's 75% stake will help it in expanding in Philippines, Australia, South America

New orders, improving execution to boost Hindustan Aeronautics' prospects

DAC's Rs 2.23 trillion proposal approval likely to pay rich dividends to HAL

Billing system case: Google withdraws appeal against Delhi HC order

The CCI said it has no objection to the withdrawal

Digital public infrastructure fuelling innovation, says Nandan Nilekani

Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online

Rs 17,000-crore TCS share buyback sees nearly seven times tendering

Shares of TCS last closed at Rs 3,617, up 0.4 per cent

ONDC poised to democratise e-com, generate $250-300 bn in GMV: Redseer

Anticipating the future, Redseer expects the next wave of DPI-driven opportunities in retail, insurance, healthcare, and agritech

Apple meets watchdog over warning notification matter: Govt official

Last month, several opposition leaders claimed they received an alert from Apple warning them of "state-sponsored attackers trying to remotely compromise" their iPhones

Kaspersky, IIT Delhi partner for cybersecurity talent development in India

Kaspersky and IIT Delhi will exchange knowledge and expertise, develop educational materials, organise and promote events to raise cybersecurity awareness and reach other objectives