Page 1152 - Company News

Future Retail CoC rejects Space Mantra bid, NCLT extends insolvency period

The Resolution Plan submitted by Space Mantra for Future Retail Ltd (FRL), failed to get the required number of votes in the e-voting process of the Committee of creditors

Minority shareholders defeat 9 resolutions by 5 firms in last 10 days

Five resolutions placed by KRBL were rejected, including that of increasing remuneration of the managing director (MD) and chairperson, three joint MDs and one whole-time director

Redefining ad strategies: Why brands must shift focus to mature consumers

Mature consumers, whose share is increasing, make for better investment, says study by Boston Consulting Group

Adani plans to build 10 GW integrated solar manufacturing capacity by 2027

While India scaled up its solar energy generation from 2.63 GW in March 2014 to 71.10 GW in July 2023, the manufacturing ecosystem did not match the pace

Asset divestment needed to resolve Vedanta's debt crisis: Analysts

VRL faces debt repayments of $3.6 billion due in FY25, including $2.2 billion in bonds, creating a significant funding gap of $3.1 billion

Vedanta's dollar bonds decline after plan to split up biz to tackle debt

All four junk-rated notes were indicated lower on Monday, Bloomberg-compiled data showed. The August 2024 bond posted the biggest drop, down 0.6 cents on the dollar to 62.6 cents

Demand soft across sectors, may look at new segments: NLSL CEO Lalla

As first announced in January 2022, the company became a separate entity after a demerger of NIIT Limited's corporate learning business in May this year

Arya.ag eyes to double profit, revenue increase by 70% to Rs 500 cr in FY24

It has debt investors like Rabo Bank, HDFC Bank and ICICI Bank, from whom it has borrowed Rs 980 crore so far

EV maker Rivian beats Q3 delivery estimates after raising production

The Irvine, California-based startup said it was on track to produce 52,000 vehicles in 2023 - a target it raised in August from 50,000 vehicles as supply-chain bottlenecks eased

KKR sells industrial properties across United States worth over $560 mn

Since the pandemic sparked a shift away from traditional brick-and-mortar stores and towards online shopping, retailers continue to have a high demand for industrial buildings like warehouses

Lava eyes 10% smartphone market in 2 yrs with investment of Rs 600 crore

The company relaunched its smartphone business with a small pause with focus on customer experience around devices and providing repair service at home, Raina said

How an advertisement featuring Amitabh Bachchan landed Flipkart in trouble

The Confederation of All India Traders (CAIT) wrote to Amitabh Bachchan stating that his recent ad for Flipkart spreads misinformation and hurts local businesses

IQuest Enterprises to acquire active pharma ingredient business of Viatris

The investment firm has entered into a definitive agreement to acquire the API operations of global pharmaceutical major Viatris in India, IQuest Enterprises said in a statement on Monday

Hindustan Zinc's mined metal output drops to 252,000 tonnes in Jul-Sept qtr

Hindustan Zinc Ltd's (HZL) mined metal production was 2,55,000 tonnes in the second quarter of the previous fiscal

Eicher Motors September sales: Total sales down 5%; YTD business up 16%

Sales of models with engine capacity up to 350cc also went down by about 5% as the sales went down from 74,206 units in September 2022 to 70,345 in September 2023

Sangam India eyes Rs 4,000 cr revenue by FY25 following Rajasthan expansion

Company has 7 units in Bhilwara with over 2,36,000 spindles and 3,000 rotors. It manufactures 35 million metres of PV (polyester viscose) fabric and 48 million metres of denim fabric annually

Reliance-backed delivery firm Dunzo to restructure, co-founder quits

Dunzo did not say when Suri would leave nor did it name his replacement. Ankur Agarwal and Mukund Jha are the company's other co-founders

Adani Energy Solutions commissions Khargar-Vikhroli transmission line

AESL, formerly known as Adani Transmission Ltd, said the project is critical for Mumbai as its existing capacity is not sufficient

M&M extends maternity leave policy to cover adoption, surrogacy

The new maternity benefits policy gives 6 months of flexible work option and 24 months of hybrid work option to all new mothers

State-owned Coal India's production rises 12.6% to 51.4 mn tonnes in Sept

CIL's offtake in September increased by 12.6% to 55.1 MT compared to 48.9 MT in the corresponding month of the previous fiscal