Page 1044 - Company News

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

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

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

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

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

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

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

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

$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

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

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

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

S&P downgrades Anil Agarwal's Vedanta Resources; warns of potential default

Anil Agarwal firm seeks bondholders consent to extend maturities

Calcutta High Court modifies the extent of Priyamvada Birla estate

The Harsh Lodha side claimed that the ruling was 'firmly' in its favour

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

Essar group signs MoU with Gujarat govt to invest Rs 55,000 crore

These projects would create over 10,000 job opportunities

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

Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports

Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range

Order backlog and pipeline offer strong revenue visibility for BEL

In the medium term, brokerage firms also highlight a robust pipeline prospect for the PSU

Kia India eyes 10% growth in sales volume next year: MD & CEO Tae-Jin Park

Park, however, anticipates the overall domestic passenger vehicle (PV) sales in the industry to stay "flat" in 2024, as demand primarily exists for sport utility vehicles (SUVs)