Page 1035 - Company News
NCLAT refuses to stay Zee-Sony merger, case now to be heard in January
IDBI Bank and Axis Finance had challenged the August 10, 2023, order of the Mumbai bench of the National Company Law Tribunal (NCLT), which approved the Zee-Sony merger
 "NCLAT refuses to stay Zee-Sony merger, case now to be heard in January")
Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds
The bank's shares were trading at Rs 219.20 apiece on BSE, down 0.36 per cent over the previous close
 "Bank of Baroda to raise up to Rs 2,500 cr via Basel III compliant bonds")
Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIIs
Bulk of the proceeds from the QIP will be used to pare down debt furthermore providing us capital to pursue the fast-growing solar EPC markets in India and abroad, company's Global CEO said
 "Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIIs")
Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIP
Proceeds will be used to reduce debt and capitalise on the solar engineering, procurement, and construction (EPC) markets in India and overseas
 "Sterling and Wilson Renewable Energy raises Rs 1,500 crore through QIP")
Motorola working to double its exports with focus on North American market
Motorola exported more than 1 million units of smartphones from India in 2022. These were manufactured locally by the contract manufacturer, Dixon Technologies
 "Motorola working to double its exports with focus on North American market")
MSC arm acquires 49% in Adani Ennore Container Terminal for Rs 247 cr
After the completion of the transaction, APSEZ would hold a 51 per cent stake in AECTPL
 "MSC arm acquires 49% in Adani Ennore Container Terminal for Rs 247 cr")
Mahindra Finance to foray into life, health, and general insurance
The company will initially invest Rs 5 crore to Rs 10 crore towards technology, hiring and training and certification
 "Mahindra Finance to foray into life, health, and general insurance")
Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr
Ather, the manufacturer of electric two-wheelers, is also aiming to list on the Indian stock market
 "Hero MotoCorp raises stake in Ather Energy, to buy shares worth Rs 140 cr")
Indian envoy to US discusses technology partnership with IBM CEO Krishna
During the meeting at India House, they also discussed new and emerging technologies such as Artificial Intelligence and Quantum
 "Indian envoy to US discusses technology partnership with IBM CEO Krishna")
Why large consumer brands have a lot at stake in Disney, Sony deals
The first of these two transactions may come as early as Monday and would see Walt Disney Co. enter into a non-bidding agreement with Mukesh Ambani to merge their media businesses in the country
 "Why large consumer brands have a lot at stake in Disney, Sony deals")
Go Air troubles mount as billionaire-backed Indian airline nears collapse
Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn't get the carrier flying again and that staff hadn't been paid for six months
 "Go Air troubles mount as billionaire-backed Indian airline nears collapse")
$340 million fundraise by Udaan signals pick-up in startup dealmaking
Led by M&G plc, Udaan's Series E funding includes Lightspeed Venture Partners and DST Global
 "$340 million fundraise by Udaan signals pick-up in startup dealmaking")
China's Country Garden prevents worsening of debt crisis with payment
The distressed builder's onshore unit, Country Garden Real Estate Group Co., repaid in full $111 million bond with a put option that expired Wednesday, it said in a filing
 "China's Country Garden prevents worsening of debt crisis with payment")
RBI asks Religare to submit fresh application for stake transfer of RHDFCL
Religare Enterprises entered into an agreement on April 5 with Religare Finvest Ltd and Religare Housing Development Finance for acquisition of entire 87.5 per cent equity stake of RHDFCL held by RFL
 "RBI asks Religare to submit fresh application for stake transfer of RHDFCL")
Dr Reddy's becomes 1st Indian pharma firm on Dow Jones Sustainability index
Dr. Reddy's has become the first Indian pharma company to earn a place in the Standard & Poor Dow Jones Sustainability World Index (DJSI World) for 2023, a press release from the drug maker said
 "Dr Reddy's becomes 1st Indian pharma firm on Dow Jones Sustainability index")
S&P downgrades Anil Agarwal's Vedanta Resources; warns of potential default
Anil Agarwal firm seeks bondholders consent to extend maturities
 "S&P downgrades Anil Agarwal's Vedanta Resources; warns of potential default")
Calcutta High Court modifies the extent of Priyamvada Birla estate
The Harsh Lodha side claimed that the ruling was 'firmly' in its favour
 "Calcutta High Court modifies the extent of Priyamvada Birla estate")
Go First resolution professional, lessors in talks to maintain aircraft
Advocate Diwakar Maheshwari, appearing for the RP, told the court that they are in talks with the lessors, one of which is SMBC Aviation Capital, to maintain the aircraft
 "Go First resolution professional, lessors in talks to maintain aircraft")
Essar group signs MoU with Gujarat govt to invest Rs 55,000 crore
These projects would create over 10,000 job opportunities
 "Essar group signs MoU with Gujarat govt to invest Rs 55,000 crore")
Adani Group to make additional investment of Rs 8,700 crore in Bihar
The group is already present in Bihar, where it has invested Rs 850 crore, said Pranav Adani, Director, Adani Enterprises. He was speaking at the Bihar Business Connect-2023
 "Adani Group to make additional investment of Rs 8,700 crore in Bihar")