Page 1032 - Company News

Credo Brands' IPO gets subscribed 51.85 times on heavy demand from buyers

The Initial Public Offering (IPO) of Credo Brands Marketing, which owns denim brand Mufti, got subscribed 51.85 times on Thursday, the last day of subscription

Nexzu Mobility plans to set up smart EV park in Gujarat worth Rs 5,000 cr

Atulya Mittal-founded electric mobility firm Nexzu Mobility has proposed to set up a smart EV Park in Gujarat and plans to invest Rs 5,000 crore in the project over the next 10 years, the company said

Return to office: Evolving corporate landscape redefines working space

As companies asked employees to return, demand for office spaces surged this year

Allcargo Logistics, Allcargo Gati boards approve businesses restructuring

Allcargo Logistics Ltd and Allcargo Gati boards on Thursday approved restructuring of businesses, Allcargo Group said in a statement

LIC gets one-time exemption from 25% minimum public shareholding rule

State-owned insurer has received an extension of 10 years and would need to meet the criteria by May 2032

Vizag Steel Plant forges deal with JSPL for Rs 900 cr working capital

The Vizag steel plant has forged a deal with Jindal Steel and Power Ltd to get an infusion of working capital up to Rs 900 crore in a bid to propel sales revenue, monthly turnover and slash losses

Airtel Business, IntelliSmart to connect 20 mn smart meters with IoT

Bharti Airtel has entered into a strategic partnership with IntelliSmart Infrastructure to connect up to 2 crore smart meters with internet of things technology, the company said on Thursday

Yes Bank co-founder Rana Kapoor gets bail in ED case related to loan fraud

A special court here on Thursday granted bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank

Rolls-Royce begins tests on using hydrogen for commercial airlines

Furthermore, the efficiency of hydrogen production is low. Most hydrogen is produced from natural gas, which emits large amounts of carbon dioxide

Adani family plans $1 bn investment in conglomerate's green energy unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals

IndiGo pays revised penalty of Rs 20 lakh to DGCA over 4 tail strikes

InterGlobe aviation -- the parent company of IndiGo -- said on Thursday that it has paid Rs 20 lakh towards revised penalty to the aviation safety regulator DGCA for four tail strikes

BluSmart raises $24 million via issue of equity rights to fund expansion

BluSmart on Thursday said it raised $24 million (Rs 200 crore) through issue of equity rights to its existing investors for funding the company's expansion

Parent company Walmart infuses nearly $600 mn in e-commerce giant Flipkart

The e-commerce firm company is in conversations with investors to raise a total of $1 billion to give it enough firepower to Flipkart to counter competition

Accenture GenAI offering sees momentum in Q1 FY24, signs $450 mn bookings

The growth trajectory in Q1 for GenAI is of significance for the top IT services players who are eyeing this segment as the next growth area

NIIF to invest Rs 675 crore in GMR's Bhogapuram airport in Andhra Pradesh

This is part of the financial partnership announced in December 2022 in which NIIF would invest in the equity capital of three airport projects of the GMR group

Bank of Baroda raises Rs 2,500 crore through basel-III tier-II bonds

The bank received a total of 88 bids amounting to Rs 6,803 crore, according to a note by the bank

X suffers biggest outage since Musk's takeover as over 94k users report it

More than 94,000 users of X had reported issues with the site at 1:41 p.m. Hong Kong time on Thursday, according to Downdetector, which tracks website and service interruptions

Sebi to auction properties of 5 cos on Jan 22 to recover investors money

Capital markets regulator Sebi has said it will auction 13 properties of five companies along with that of promoters and directors on January 22 to recover money illegally collected from investors

Challenging for Apple to live up to $1 trn rally performance in 2024

Such gains in 2024 will be harder to come by. As it looks to arrest four consecutive quarters of declining revenue, the world's most valuable publicly-traded company faces uncertainty in China

Infosys to integrate, standardise LKQ Europe's business processes

LKQ Europe is a leading distributor of automotive aftermarket parts for cars, commercial vans, and industrial vehicles in Europe