Page 1177 - Company News
Oriana Power bags orders worth Rs 134 cr for solar projects in K'taka, Raj
Oriana Power Ltd on Monday announced securing two fresh orders totalling Rs 134.6 crore to set up solar capacities in Karnataka and Rajasthan
 "Oriana Power bags orders worth Rs 134 cr for solar projects in K'taka, Raj")
Edelweiss arm aims to raise up to $500 mn for maiden climate fund
An Edelweiss group arm is planning to raise up to $500 million (about Rs 4,143 crore) for its maiden climate fund
 "Edelweiss arm aims to raise up to $500 mn for maiden climate fund")
Reliance Jio launches fire safety and prevention campaign in Delhi NCR
Reliance Jio has embarked on a fire safety and fire prevention campaign aimed at enhancing safety measures across its network sites throughout Delhi NCR
 "Reliance Jio launches fire safety and prevention campaign in Delhi NCR")
Public sector company ITI develops its own branded laptop, micro PC
Public sector telecommunications company ITI Limited said on Monday that it has developed its own branded laptop and micro PC with international standards and launched them in the market
 "Public sector company ITI develops its own branded laptop, micro PC")
Former CEO of China's Alibaba quits cloud business in leadership reshuffle
The former CEO of Alibaba, Daniel Zhang, resigned as head of its cloud computing unit Monday in a surprise move as the Chinese e-commerce empire wraps up a leadership reshuffle
 "Former CEO of China's Alibaba quits cloud business in leadership reshuffle")
IRB Infrastructure toll revenue collection grows 24% to Rs 417 cr in August
Toll collection stood at Rs 336 crore in the same month last year, IRB said in a statement
 "IRB Infrastructure toll revenue collection grows 24% to Rs 417 cr in August")
Credit Suisse case: SC gives Ajay Singh last chance to pay, else face jail
The Supreme Court asked SpiceJet chairman Ajay Singh to make a payment of $500,000 towards an installment to Credit Suisse by September 22, along with $1 million towards defaulted amount
 "Credit Suisse case: SC gives Ajay Singh last chance to pay, else face jail")
Coinbase to halt exchange services in India amid regulatory challenges
Global cryptocurrency exchange Coinbase advises Indian users to withdraw funds by September 25
 "Coinbase to halt exchange services in India amid regulatory challenges")
US DFC to invest $435 million in Tata Power's green energy subsidiary
The DFC invests in energy, healthcare, infrastructure, agriculture, and small businesses among other sectors
 "US DFC to invest $435 million in Tata Power's green energy subsidiary")
Byju's makes a surprise $1.2 billion repayment proposal to lenders
Byju's and its lenders have been mired in a conflict for almost a year, during which rounds of negotiations to revamp its loan agreement have failed
 "Byju's makes a surprise $1.2 billion repayment proposal to lenders")
Reliance Industries pushes battery unit timeline by 2 years to 2026
This would be one of the rare instances, where the company has changed a stated timeline or target for any business outcomes
 "Reliance Industries pushes battery unit timeline by 2 years to 2026")
Torrent promoters may pledge stake in power arm to fund Cipla buy
Torrent's promoters own a 53.6 per cent stake in Torrent Power, valued at Rs 18,643 crore as of Friday, which remains a crucial avenue for raising funds for the Mehtas
 "Torrent promoters may pledge stake in power arm to fund Cipla buy")
Industry needs to match govt steps taken in last 9 yrs: RC Bhargava
He was responding to a query on what must the Indian industry do in order to cash in on the opportunity created by India's G20 Presidency
 "Industry needs to match govt steps taken in last 9 yrs: RC Bhargava")
Grasim plans to open 100-120 retail stores in smaller cities in next 2 yrs
As part of its capex plan, the company has allocated Rs 122 crore for textiles, insulators, and other items in FY'24
 "Grasim plans to open 100-120 retail stores in smaller cities in next 2 yrs")
NCLAT dismisses operational creditor's insolvency plea against Wipro
The National Company Law Appellate Tribunal has dismissed an operational creditor's petition to initiate insolvency proceedings against Wipro Ltd
 "NCLAT dismisses operational creditor's insolvency plea against Wipro")
'Payment security mechanism, subsidies to help electric mobility growth'
Many of the STUs remain in bad shape financially. Electric bus makers are, therefore, asking the government to set up such a security fund something which already exists in the power sector
 "'Payment security mechanism, subsidies to help electric mobility growth'")
Need clear chain of command to handle safety, DGCA tells Air India
The DGCA told the airline to remove this confusion so that there is a clear line of communication between the regulator, accountable manager and chief of flight safety
 "Need clear chain of command to handle safety, DGCA tells Air India")
Supreme Court dismisses plea against GSK pharma for deficiency in service
The top court was hearing a plea by a man challenging an order of the National Consumer Disputes Redressal Commission
 "Supreme Court dismisses plea against GSK pharma for deficiency in service")
Adani hikes stake in two group companies to work on claw back strategy
It has increased stake in flagship Adani Enterprises to 71.93% from 69.87%, while also increasing stake in Adani Ports and Special Economic Zone Ltd from 63.06% to 65.23%, the filings showed
 "Adani hikes stake in two group companies to work on claw back strategy")
Toast to margins, demand recovery: Liquor firms see buzz after sober Q1
Reversal of fortunes could lift the industry's spirits
 "Toast to margins, demand recovery: Liquor firms see buzz after sober Q1")