Page 1035 - Company News

JSW Infrastructure to acquire majority stake in PNP Maritime Services

PNP Maritime Services will become a step-down subsidiary of the company, it said

Made payment to Credit Suisse in line with court order, SpiceJet tells SC

In September, the SC permitted SpiceJet to pay the Swiss firm $1 million per month for six months to settle its $3 million arrears

Warburg Pincus names Vishal Mahadevia as Asia private equity head

Mahadevia, a 17-year veteran of the firm, will remain as co-head of financial services, Warburg Pincus said in a statement

BCCI seeks Byju's insolvency at NCLT over default in payment of Rs 158 cr

This new development comes months after Byju's announced that it plans to end sponsorship of the Indian cricket team jersey, as it focuses on profitability

Advent International may sell majority stake in Bharat Serums & Vaccines

Global PE major in initial talks with Indian as well as foreign investors

ReNew inks initial pact with Asian Development Bank for $5.3 bn funding

The MoU identified potential investments in renewable energy projects, manufacturing, carbon offset projects, green hydrogen, to jointly support sustainable energy transition

Drug major AstraZeneca commits $71 mn to Meghalaya's forestry project

About 200,000 trees have already been planted and with the official project launch, soil and water conservation work is underway to enable further planting of millions of trees in 2024

Samsung set to dislodge Xiaomi as top smartphone player by volume

Counterpoint estimates that Xiaomi will also be behind its Chinese competitor, Vivo, which has marginally increased its market share from 16 per cent in CY22 to a projected 17 per cent in CY23

BCL Industries bags Rs 339 cr ethanol supply order of 496,000 litres

Additionally, its subsidiary company Svaksha Distillery has also secured an order of Rs 222 crore to supply ethanol, BCL Industries said in an exchange filing

Indian Oil opens its first EV battery swapping station in Kolkata

Battery-swapping technology for two and three-wheeler EVs has proven to be a game-changer across India

SAT quashes Sebi's order against Mukesh Ambani, 2 others in RPL case

Matter pertains to alleged manipulative trading in November 2007

NCLT rejects insolvency plea against SpiceJet by lessor Willis Lease

SpiceJet opposed the plea contending that Willis Lease Finance Corp has withdrawn its insolvency plea for the same dispute in March 2023 and has approached again with a new plea

Foxconn halts iPhone production at Chennai facility due to heavy rains

Foxconn is yet to decide whether to resume production on Tuesday

SAT raps Sebi for 'lackadaisical approach' in Kirloskar Industries matter

Tribunal asks market regulator to pay Rs 5 lakh for delay in complying with its order

JCB India foresees double digit growth in 2024 sales: CEO & MD Shetty

The company achieved domestic sales of approximately 35,000 machines in 2022 and anticipates reaching around 45,000 units for 2023, reflecting a robust 30 per cent annual growth

Paytm to bring 10 mn sellers to ONDC by 2025 end, says Vijay Shekhar Sharma

"Consumer value (on ONDC) will be dramatically different and superior to current e-commerce platforms," he said

Byju's pays November salaries to 1,000 employees after 4-day delay

Cash-strapped edtech company says technical glitch led to 'limited employees' missing payments on Dec 1

Centre says over 106,000 companies voluntarily exited in last five years

Section 248(2) of the Companies Act pertains to voluntary exit of companies while Section 59 of the IBC relates to voluntary liquidation of companies

COP28: Adani Green Energy to invest $22 billion toward India's 2030 goal

Electricity demand is growing 7% annually, dwarfing expansion in other economies. This led the govt to mandate the addition of both renewable and thermal capacity to prevent blackouts, the CEO said

Gautam Adani's wealth swells by $10 billion on relief stock rally

"The general view is that the worst is behind and now we will not hear about Hindenburg," said a portfolio manager said