Page 1059 - Company News

SpiceJet promoter Ajay Singh looking to raise $100 mn through credit funds

Ajay Singh is reportedly in discussions with global private credit funds to refinance part of promoter debt and equity infusion

Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore

The acquisition of Aquapharm Chemicals Private Limited marks the company's foray into global specialty segments of water treatment chemicals and oil & gas chemicals

Bengaluru gets AMD's new global design centre, to accommodate 3K engineers

India's semiconductor market is expected to touch $64 billion by 2026, almost three times its size of $22.7 billion in 2019, according to Counterpoint Research and IESA

Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia

Jubilant Foodworks Netherlands B.V (JFN), the company's wholly-owned arm holds 48.84 per cent ordinary shares of DP Eurasia -- which is the largest pizza delivery company in Turkey

Adani Total Gas launches green hydrogen blending pilot project in Ahmedabad

The project is expected to be commissioned by FY24-25, and the percentage of green hydrogen will be gradually increased in the blend to up to 8 per cent or more

Sugar to remain mainstay of business amid ethanol expansion: BCML

A top company official revealed that the company has no immediate plans to venture into sugar retail

DB Realty promoters sell nearly 3% for Rs 301 cr; reinfuse capital

The promoter group has infused back a substantial portion of the proceeds (net of tax) into the company as repayment of related party transactions and unsecured interest free loan, it added

Adani Group stocks add $15 billion in best day since Hindenburg report

The jump added more than $15 billion to the ports-to-power conglomerate's market value, the most since Hindenburg Research in its Jan. 24 report

Netweb Technologies partners with Nvidia to boost AI infra in India

Netweb will build and produce more than ten server variations under its Tyrone range of AI systems

Vodafone Idea likely to miss December deadline to raise funds: Report

The delay in plans to raise fresh funds is crippling the telco's plan to launch its 5G services

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

Fast-fashion retail giant Shein may go public with US IPO filing

The Chinese retail giant, now headquartered in Singapore, is estimated to be valued over $60 billion

HSBC hires UBS's Gautam Anand for role serving India's rich diaspora

Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1, according to an internal memo seen by Bloomberg News

Musashi targets 25% market share in EV transmission components by 2028

This investment will be used to establish new assembly lines for EV transmission components and to upgrade existing facilities

Kedaara Capital backs decision made on ESOPs issued to Religare Chairperson

The clarification comes amid allegations by the Dabur family, which is trying to obtain a controlling stake in Religare Enterprises Ltd (REL), that Saluja allegedly violated IRDAI and Sebi norms

Foxconn's Hon Hai to expand footprint in India with $1.6 bn investment

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Not involved in collapsed Uttarakhand tunnel's construction: Adani Group

The conglomerate marked the allegations, which stated it held shares in a company that constructed the Silkyara-Barkot tunnel, as 'nefarious'

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

Q2 of 2023-24 saw a profit metamorphosis as standout firms marked the biggest earnings upgrades

Indian GCCs emerge as stepping stone on the route to corner office

The number of MD promotes from India has grown 16.6 per cent despite the global MD promotion class size shrinking by 5.4 per cent as compared to 2021

Bhutani Infra sells all retail units in Noida project in 12 hours of launch

Industry sources said the sale of retail space in phase one of Avenue 133 has fetched over Rs 1,000 crore for the real estate developer, with price ranging from Rs 24,000 sq ft to Rs 40,000 sq ft