Page 1074 - Company News

Germany-based Fischer aims to treble India catch in next 5-7 years

In the last three years, its India business had clocked a compound annual growth rate (CAGR) of nearly 41 per cent, nearly trebling its business size to over Rs 200 crore

Probing data breach claim, no current security issue detected: Tata's IHCL

According to a media report, there has been a personal data breach of 15 lakh users from the Taj Hotel database, which is available on the dark web for purchase at $5,000

Record 518 million Indian viewers watched cricket World Cup on TV: Disney

Disney had bought digital and streaming rights to show the International Cricket Council's tournaments in India from 2024 to 2027 by paying around $3 billion

Adani Group net profit up 107% in first half of FY24 but sales slow down

Capex at Rs 20,000 cr as ports-to-airports conglomerate grows after controversy over Hindenburg Research's report

NCLT extends insolvency process of grounded airline Go First by 90 days

The tribunal has also asked the resolution professional (RP) of the airline to submit a 90-day action plan

Go First lenders to vote on liquidation amid lack of suitors: Report

The proposal whether or not to liquidate the airline has been floated and with individual lenders will take the proposal to their boards and submit final votes in 10-15 days, the report said

Centre plans to ask ONGC to consider rights issue to fund HPCL: Report

The comments come after India's finance minister announced a plan this year to provide equity of $3.6 billion to help the big state oil refiners move towards cleaner energy

Stars align for astrotech: Astro startups' revenues get festival fillip

Despite an apparent dip in investments, several firms have reportedly been in talks to raise fresh capital this festival season

Pandemic a blessing in disguise for astrotech companies, shows data

Only five astrotech companies were founded in 2013. In 2018, 23 more online astrology startups were founded

Sundaram Home Finance to double SBL branches, to set foot in Telangana

Telangana will be the company's first expansion outside Tamil Nadu in the SBL segment

JSW Steel completes Rs 750 cr investment in JSW Paints to fuel expansion

In a regulatory filing, JSW Steel said it has completed the last tranche of investment of around Rs 75 crore in JSW Paints on Wednesday

L&T Finance to trim bank borrowing to whittle spike in cost of funds

L&T Finance expects its cost of funds to marginally rise by 12-14 basis points due to the recent RBI action related to unsecured credit, and also plans to reduce borrowings from banks

'Volvo India aims to have 50% vehicles to run on non-fossil fuel by 2030'

Volvo Group President and Managing Director in India Kamal Bali said that the company has set a target to become net zero in terms of carbon emission by 2040

Fischer Group looks to triple turnover in India to Rs 600 cr in 5-7 years

The group, which clocked a turnover of around Rs 200 crore last year, will be focussing on infrastructure projects, along with sectors such as energy, industry to accelerate its growth

L&T Finance inks pact with Asian Development Bank for $125 mn funds

Out of the proceeds 40 percent of it are allocated for women borrowers, while the rest will support farmers, and MSMEs, as well as loans to purchase new two-wheeled vehicles, the release stated

L&T Finance gets $125 mn loan from ADB to support MSMEs, farmers

The funding comprises a loan of up to $125 million from ADB, and an agreement to syndicate an additional $125 million co-financing from other development partners

Power giant NTPC pays interim dividend of Rs 2,182 crore for FY24

NTPC Ltd paid the first interim dividend of Rs 2,182 crore on November 23, 2023, for the financial year 2023-24, being 22.50 per cent of the paid-up equity share capital of the company

KIOCL requests stock exchanges to waive penalties of about Rs 17 lakh

The fine levied by exchanges has no impact on the financial, operation or other activities of the company, KIOCL said in a BSE filing

Daikin to accelerate supply of domestic products, 3rd plant goes on stream

The new plant spread across 75.5 acres has been set up as part of a PLI scheme and it helps the company leverage on India's manufacturing potential to produce for the world

Coal India's e-auction volume projected to double in second half of FY24

This represents a significant increase from the 32 million tonnes sold in the first two quarters of the year, officials said