Page 1147 - Company News

PGIM India forays into Rs 8-trn AIF space with Category III fund launch

Fund to focus on multi-year growth trends, identifies discretionary consumption, manufacturing as top themes

Q2 profitability under stress on lower edible oil prices, says Adani Wilmar

Sales value from edible oil constituted a hefty 74% of the company's topline in the September quarter. Low edible oil prices also contributed to its swing to loss in the June quarter

Cytiva opens new manufacturing facility and experience center in Pune

The newly unveiled manufacturing facility in Pune will produce bioprocessing equipment, including tangential flow, virus filtration, and inactivation systems

Coffee Day Enterprises registers total default over Rs 433 cr in Jul-Sep

In March 2020, it announced repaying Rs 1,644 crore to 13 lenders after concluding a deal with Blackstone Group to sell its technology business park

Amplus, Microsoft ink initial pact to enhance RE remote monitoring solution

According to the statement, the strategic collaboration promises to usher in a transformative era in RE plant performance monitoring

L&T's Power Business wins EPC orders West Bengal Power Development Corp

L&T's Power Business and L&T Energy-Power will set up wet Flue Gas Desulphurisation (FGD) systems for its thermal power plant at Sagardighi, West Bengal

PGIM India AMC launches AIF, targets to collect Rs 1,000 cr in FY24

The total industry size of the AIF sector in the country is about Rs 8.45 lakh crore in terms of commitments raised as of June 2023

OMC inks pact with Hindalco to supply raw minerals to alumina refinery

State-owned Odisha Mining Corporation (OMC) on Thursday signed a pact with Hindalco Industries for providing long-term raw material linkage for its refinery project at Kansariguda in Rayagada district

Future Consumer defaults on Rs 369.59 cr loan repayment in July-Sep

This includes Rs 266.80 crore debt from banks and financial institutions and Rs 201.32 crore from NCDs and NCRPS, the filing added

Microsoft adds four more Indian languages to Microsoft Translator

With this recent addition, Microsoft Translator now supports a total of 20 Indian languages

Sajjan Jindal's firm, SAIC Motor to take over MG Motor India: Report

There will be no JSW Group companies involved in the deal and Jindal will participate through his private company

Bajaj Finance to raise Rs 10,000 crore through QIP, preferential issue

The company said it will raise up to Rs 8,800 crore of capital through qualified institutional placement of shares

InterGlobe Hotels to invest about Rs 550 cr on two new properties by 2025

InterGlobe Hotels will invest around Rs 550 crore to set up two new properties in Mumbai and Bengaluru by 2025, its President and CEO JB Singh said on Thursday

Flipkart's annual event, 'The Big Billion Days' will also be on Cleartrip

Speaking on the occasion, Ayyappan R., CEO, of Cleartrip, stated, "At Cleartrip, value, affordability, and transparency are tenets of an elevated customer experience

Govt extends tenure of SBI chairman Dinesh Khara until August 2024

The government is likely to issue an order to this effect shortly, the sources said

Hitachi Energy's largest global tech, innovation centre comes up in Chennai

Facility will house over 2,500 technologists specialising in transformers and grid automation

Mensa Brands raises $40 million in growth capital from EvolutionX

Mensa Brands will use the money to continue investing in brand-building

Hindalco to sign pact with Odisha Mining Corporation for supply of Bauxite

The company plans to secure Bauxite ore for its proposed 2-million tonnes alumina refinery and 150-MW captive power plant at Kansariguda, Rayagada district, in Odisha

NHPC's two hydropower plants in Sikkim affected due to flash floods

"It is also to inform that considering the emergent situation, all units of Teesta-V Power Station have been shut down," the filing said

Macrotech Developers' sales bookings up 12% annually to Rs 3,530 cr in Q2

The company had clocked sales bookings of Rs 3,150 crore in the corresponding period of the last financial year