Page 1160 - Company News

Espire Hospitality plans to have 20 hotels by FY25 with Rs 560 cr capex

The capex, through in-house funding, will also be utilised in phases for renovating, leasing and upgrading the existing hotels

Agilus Diagnostics files for IPO to raise funds via 142.3 mn shares

The diagnostics giant partners with ICICI Securities, Axis Capital, and Citigroup for public offering, aiming to sell equity shares held by key investors

Godrej Agrovet to set up Rs 300 cr integrated palm oil complex in Telangana

The company will also establish a nursery with a capacity of up to 7 lakh saplings per year in addition to the seed production and research unit

Zee Entertainment merger expected in 'months ahead': Sony Group

The transaction was initially expected to be closed by the end of September

Change of guard at L&T: Size, scale key challenges for S N Subrahmanyan

Cut to 2019, L&T was on the buyer side of the table of a hostile takeover of tech company Mindtree

JSW Group makes another attempt to scale-up cement, port business

JSW Infrastructure, the group's port division, aims to raise Rs 2,800 crore through an initial public offering (IPO), which closes on Wednesday

Tata Steel commissions floating solar power project in Jamshedpur works

A total of 20.34 MW of solar projects have been commissioned in various facilities at Tata Steel in Jamshedpur, the company said in a statement

The cult of cool: Making India fall in love again with Jawa and Yezdi

How three men passionate about 'cool' motorcycles are trying to make India fall in love again with Jawa and Yezdi, with a leaf out of Royal Enfield's book

Anil Agarwal's Vedanta to split biz into 6 companies to unlock value

For every share of the company, stockholders to get one additional share of each of 5 new entities

UP Rera allows promotor to complete stuck Elegant Ville project in Noida

According to RERA officials, the project with 761 units was scheduled to be built in four phases and delivered by 2019 but got stuck

L&T bags Rs 7,000 crore mega contract for underground road tunnel

The project was won by heavy civil infrastructure business vertical of L&T Construction from Mumbai Metropolitan Region Development Authority (MMRDA)

Maruti receives show cause notice from GST Authority, demands interest

The notice pertains to the matter of tax liability under reverse charge basis on certain services for the period of July 2017 to August, 2022, Maruti Suzuki India said in a regulatory filing

Apple absorbs higher costs on 'Made in India' iPhones despite PLI scheme

Under the PLI scheme, Apple's contract manufacturers get incentives ranging from an average of 4-6 per cent annually

JKC infuses Rs 100 crore for revival of Jet, eyes resuming ops in 2024

Completes commitment to invest Rs 350 crore

Vedanta hopeful of Centre's support for Hindustan Zinc Ltd overhaul

Company executives from both HZL and Vedanta said they expect government support for the move and it will help the government ease in with its earlier considered divestment programme

Air India to induct first A350 aircraft in December: CEO Campbell Wilson

Air India has acquired this A350 aircraft through a lease transaction between its subsidiary AI Fleet Services Limited (AIFS), based in GIFT City, and the British bank HSBC

End of WFH? Tata Consultancy Services looks at 5-day work from office

No official memo for employees across the company, say sources

Suven Pharma gets a new board as Advent International completes stake buy

Advent had announced the acquisition of a significant stake in Suven Pharma in December of the previous year from the Jasti family

TVS Logistics Parks sells 4.5% stake to Dutch firm for Rs 51 crore

As per the deal, which involves picking up a large minority stake later, the Chennai-based logistics player has an enterprise value of Rs 2,800 crore

Indian Oil approves 2 joint ventures to set up compressed biogas plants

The two joint ventures will be formed with IOCL or one of its subsidiaries. In both cases, the two partners will have an equal stake of 50 per cent each