Page 1048 - Company News
Emaar Properties faces FIR on MGF's complaint after Gurugram court order
Emaar India, in a statement, denied any "association of criminality with this issue" and alleged that it "appears to be nothing but another attempt by MGF to further harass Emaar and its employees
 "Emaar Properties faces FIR on MGF's complaint after Gurugram court order")
Rusan Pharma Invests 300 Crores in New API Facility in MP's Pithampur
New plant to produce 400 MT of APIs, creating more than 300 jobs and enhancing global supply
 "Rusan Pharma Invests 300 Crores in New API Facility in MP's Pithampur")
Rs 36,468 cr worth of order for Tejas placed under Modi govt: Officials
The first version of the aircraft was inducted into the Indian Air Force in 2016. Currently, two IAF squadrons are fully operational with LCA Tejas, they said
 "Rs 36,468 cr worth of order for Tejas placed under Modi govt: Officials")
Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr
According to the bulk deal data available with the NSE, BH International Holdings offloaded 1,56,23,529 shares, amounting to a 2.46 per cent stake in Noida-headquartered Paytm
 "Berkshire Hathaway exits Paytm; sells 2.46% stake for Rs 1,371 cr")
Berkshire Hathaway sells remaining 2.46% in Paytm for Rs 1,371 crore
Berkshire's exit comes after a string of selldowns for the firm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group
 "Berkshire Hathaway sells remaining 2.46% in Paytm for Rs 1,371 crore")
NSE, BSE impose Rs 5,42,800 fine each on Power Grid Corp for non-compliance
The company said that in response to the notices, it has requested NSE and BSE to grant a waiver of the fine with regard to non-compliance of Regulation 17(1) of the Sebi (LODR), Regulations, 2015
 "NSE, BSE impose Rs 5,42,800 fine each on Power Grid Corp for non-compliance")
CashKaro expects profitability in 2 yrs, user base to grow 100 mn in 3 yrs
CashKaro has thus far raised over Rs 255 crore from prominent investors like Kalaari Capital, Ratan Tata, Korea Investment Partners and Affle Global Pte Ltd
 "CashKaro expects profitability in 2 yrs, user base to grow 100 mn in 3 yrs")
Fortis Hospitals to sell Malar Hospital in Chennai for Rs 45.5 cr
The company has signed a definitive agreement for the sale of its business operations pertaining to Malar Hospital at Gandhi Nagar, Adyar, Chennai, to MGM Healthcare (MGM)
 "Fortis Hospitals to sell Malar Hospital in Chennai for Rs 45.5 cr")
Bikanervala ties up with Montana group to expand in domestic, intl markets
This collaboration marks a milestone for further expansion and aims to reach out to a broader audience, the company said in a statement
 "Bikanervala ties up with Montana group to expand in domestic, intl markets")
Ride-hailing firm Uber rolls out rewards for drivers to avoid cancellations
By rewarding drivers with good customer rating (above 4.8) and low trip cancellations, this program aims to elevate overall platform experience for riders and drivers alike
 "Ride-hailing firm Uber rolls out rewards for drivers to avoid cancellations")
Adani-Hindenburg case: There is no reason to discredit Sebi, says SC
Judgment reserved; Sebi says it won't seek more time for probe
 "Adani-Hindenburg case: There is no reason to discredit Sebi, says SC")
Retail, e-commerce likely to see fairly good year ahead: Snapdeal CEO
"We are seeing greenshoots come through even in the semi-urban areas and with the tailwind that we have, I think both retail and e-commerce should see a fairly good year in 2024," Chakrawarti said
 "Retail, e-commerce likely to see fairly good year ahead: Snapdeal CEO")
MAN Industries case: NFRA imposes 5-year ban on auditor for lapses
It also barred Chheda for five years from undertaking any audit in respect of financial statements or internal audit and activities of any company or corporate
 "MAN Industries case: NFRA imposes 5-year ban on auditor for lapses")
Lenders released 352 million pledged shares, says Jindal Stainless
Following this, there would not be any equity shares pledged with lenders and all equity shares of the company held by promoters and the promoter group will be free from any encumbrances
 "Lenders released 352 million pledged shares, says Jindal Stainless")
SJVN's Naitwar Mori hydro project's first unit starts commercial operations
It is a run of the river project located on river Tons, a major tributary of river Yamuna in Uttarkashi district in Uttarakhand with two generating units of 30 MW each
 "SJVN's Naitwar Mori hydro project's first unit starts commercial operations")
Grundfos rolls out iTruck Drive campaign under net zero horizon mission
The iTruck Drive initiative is expected to cover an additional 25 cities covering Gujarat, Maharashtra and Karnataka by the end of January 2024
 "Grundfos rolls out iTruck Drive campaign under net zero horizon mission")
Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD
The current tenure of Ghosh as the MD and CEO will expire on July 9, 2024
 "Bandhan Bank approves re-appointment of Chandra Shekhar Ghosh as MD")
IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh
The project involves paying upfront Rs 4,428 crore to NHAI for tolling and O&M of 316 km stretch of NH44 for a revenue-linked concession period of 20 years
 "IRB Infra arm inks pact with NHAI for tolling project in Madhya Pradesh")
PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth
The fund will be raised in tranches over the next six months, it said
 "PNB Housing Finance to raise Rs 3,500 cr via NCDs to fund business growth")
Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop
The initial association with ONDC is being supported through SellerApp, which will help the company leverage the ONDC network with its data-driven insights, market intelligence, and strategies
 "Beverage giant Coca-Cola joins ONDC, launches marketplace Coke Shop")