Page 1142 - Company News

Jindal Power submits expression of interest for insolvent Go First

Go First's resolution professional invited EoIs for the carrier's sale in July. Sources have confirmed that JPL has filed an EoI for Go First in the National Company Law Tribunal (NCLT)

Ind-Ra downgrades Sterling and Wilson Renewable Energy in 'default' grade

Ind-Ra highlighted concerns that the company's operating cash flows would not be adequate to address its upcoming debt obligations in October 2023

Grounded airline Go First gets expression of interest from Jindal Power

"Jindal Power was the sole successful applicant whose expression of interest was accepted by banks," said a banker with a state-run bank that has exposure to Go First

Pricol announces technology, supply partnership with China-based firm

The company said it will source components and/or sub-assemblies from Heilongjiang Tianyouwei Electronics as part of the supply arrangement

BoM hikes fixed deposit rates up to 125 bps, to be effective from Oct 12

For tenure of 1-year interest would be 6.50 per cent and for deposits above one year, customers will enjoy an increase of 25 bps, up to 6.25 per cent, it said

TCS ends pandemic practice, asks all employees to work from offices

When asked if the company has scrapped its '25 by 25' agenda, wherein it was aiming to reduce the number of people present in offices to 25 per cent by 2025, Lakkad said, "We can't say that"

Delta Corp posts marginal Q2 profit rise, brings in new finance chief

The company's tax expenses in the quarter fell 7.4%, making way for profits as total revenue stayed flat with a 0.2% rise to 2.71 billion rupees

Orkla announces restructuring of India operations into three business units

This move will enhance the collective business capabilities and drive sharper growth focus across Business Units

E-commerce aggregator ETrade aims to triple revenue to $ 750 mn by 2025

eTrade claims to have over 100 new clients and registered a growth of 60 per cent over the last year

Byju's creditors onboard Kroll to 'safeguard' Great Learning assets

Charged assets are used as collateral to secure a loan, allowing the lender to seize them if the borrower defaults

Nikon expects 35% sales in FY24 during upcoming festive, wedding seasons

"This wedding and festive season will contribute 35-37 per cent of our business (in FY24)," Kumar told PTI on the sidelines of a Nikon event

Urban Company to sharpen gaze on Tier 2 cities, IPO imp milestone: CEO

On expansion plans, the Hyperlocal services unicorn said that while it has a presence in 40 Tier 2 cities, by-and-large it has "been in a metro phenomenon so far"

Staffing firm Xpheno opens recruitment delivery centre in Hyderabad

Company says it aims to be 'talent partner for Global Capability Centres in Telangana

Kotak Mahindra Bank bets big on SMEs, mid-market segments in South

Currently, the bank's SME and mid-market portfolio forms 27 per cent of its entire wholesale banking book

Kerala touch adds power to Israel police's combat gear in war against Hamas

A relatively lesser-known company, Maryan Apparel Ltd from Kannur district, has been providing uniforms to this esteemed force, recognised as one of the top police departments globally, since 2012

BoB announces increased interest rates on domestic retail term deposits

The Bank is offering interest rates of up to 7.40% p.a. for general citizens and up to 7.90% p.a. for senior citizens

L&T's hydrocarbon arm bags order for gas compression plants in Middle East

The scope of work involves engineering, procurement and construction of gas compression plants

IndiGo to launch third Mangaluru-Hyderabad daily flight from October 19

In its official statement, the low-cost carrier IndiGo is augmenting its flight schedule from Mangaluru International Airport to Hyderabad starting October 19

Bajaj Finance's equity raising to boost already solid capital base: S&P

The rating agency said BFL's RAC ratio is unlikely to sustain above 15 per cent during the financial years 2025-2026

Maruti Suzuki signs MoU with IDBI to provide dealer financing solutions

"IDBI Bank's supply chain finance will provide easy access to working capital finance to the dealers of MSI at favourable terms for driving their business growth," IDBI Bank MD Rakesh Sharma said