Page 1049 - Company News

SpiceJet-Wilmington Trust SP Services in deadlock over rental agreement

Spicejet said that as per the repayment schedule of arrears they received, the total amount due from February to December alone was $1,560,011

Hindalco Industries plans Rs 800 crore unit in Odisha to tap EV ecosystem

25,000-tonne plant in Odisha's Sambalpur will be commissioned by July 2025

Volkswagen India, Skoda set to hike prices by up to 2% from January

Already other manufacturers such as Maruti Suzuki, Hyundai Motor India, Tata Motors, Mahindra & Mahindra, Honda, Audi and BMW, have announced plans to increase prices

Spandana Sphoorty Financial eyes AUM to grow to Rs 28,000 cr by FY28-end

As for geographic diversification, Spandana plans to reduce the share of the top three states to 36 per cent by FY28 from the current 44 per cent. The share of any one state would be capped at 12 %

Rajeev Prakash appointed as govt nominee director of BEML's board

Prakash is a 1995 batch, Indian Post & Telecommunication Accounts and Finance Service officer. He has experience in the field of telecommunications and held various important positions at the Centre

Venture capital Sauce.vc acquires around 3% stake in GRM Foodkraft

Sauce has also acquired an additional 1 per cent stake from other shareholders in GRM Foodkraft, which focuses on domestic foods business

Adani Group to invest $100 billion in the next decade for energy transition

The company said Adani portfolio businesses have an active strategy to decarbonise, pledge to plant 100 million trees by 2030, and undertake innovative pilot projects

Poonawalla HF gets a new name, rebrands as Grihum Housing Finance

The global private equity firm -- TPG acquired a 99.02 per cent equity stake in the company, taking over from Poonawalla Fincorp earlier this year

State-owned Coal India's capex rises 7.6% to Rs 10,492 cr in Apr-Nov period

The public sector enterprise's captital expenditure was Rs 9,751 crore in the year-ago period, Coal India Ltd (CIL) said in a BSE filing

Wipro inks three-year cloud migration deal with insurance company RSA

Wipro said it will help RSA build a "compliant, secure, and scalable IT infrastructure". The three-year engagement builds on Wipro and RSA's existing relationship, which began in 2016

Crisis-hit SpiceJet to raise Rs 2,250 crore through equity shares

The proposed fund infusion will go a long way in enhancing product presence and market reach as well as provide a deep financial foundation, the airline said.

Wipro, RSA ink new multi-year contract to accelerate cloud migration

The contract will accompany RSA on its journey over the next couple of years to modernise its infrastructure and the use of Cloud technology

CoinSwitch unveils umbrella brand PeepalCo; aims for wealth-tech expansion

The company said the leaders of each business segment will have independent operational and financial accountability

SC defers hearing on CBI plea against bail to Chanda Kochhar in fraud case

Chanda Kochhar and her husband Deepak Kochhar were arrested by the CBI on December 23, 2022 in connection with the Videocon-ICICI Bank loan case

IPO-bound Oyo elevates Rakesh Kumar as new chief financial officer

Kumar will replace Abhishek Gupta, who will continue with Oyo in "an advisory and mentorship capacity

Godrej eyes Rs 3,000 cr revenue from new luxury housing project in Gurugram

The company will develop nearly 750 apartments in a 9.5-acre housing project 'Godrej Aristocrat' located at Sector 49 in Gurugram. The starting price is around Rs 4 crore per unit

Swiggy disbursed Rs 102 cr in loans to delivery partners in last 12 months

Swiggy receives over 1.5 lakh loan applications monthly. It has partnered with Betterplace and Refyne to enable loans. There is no limit to the number of loans delivery partners can apply

Air India ordered to pay Rs 2 lakh to passengers for multiple flight delays

The NCDRC said in its order that in the event of flight cancellations or major delays, passengers are entitled to necessary services

Apple supplier in India working on setting up worker dormitories: Report

Foxconn's AirPods facility at Kongara Kalan near Hyderabad's airport is expected to include a dormitory for its workers

CBI opposes statutory bail granted to DHFL's Wadhawans in loan scam case

In this case, the CBI filed the charge sheet on the 88th day after registration of the FIR and the trial court granted default bail to accused and Delhi High Court upheld order, law officer said