Page 1231 - Company News

In a global first, Jio launches prepaid plans with Netflix subscription

Additionally, Jio has announced a higher-priced plan at Rs 1,499 with the same features, except it will offer 3GB of data per day

NCLAT allows Go First lessor to conduct inspection, modifies NCLT order

Lessors told appellate tribunal each aircraft engine is valued at $15 mn and needs upkeep

UPL SAS partners with NSL Sugars to enhance sustainable sugarcane yield

The memorandum of understanding (MoU) with NSL Sugars will indirectly add about 50,000 farmers across Telangana, Karnataka and Maharashtra

Mahindra to inspect over 100,000 XUVs for potential risk of wiring damage

XUV is among SUVs such as Scorpio and Thar manufactured by Mahindra, India's second-largest maker of such vehicles by volume

Urban Company's FY23 loss reduces to Rs 308 cr from Rs 514 cr in FY22

The home services marketplace said that its revenue from operations grew 45 % year-over-year from Rs 438 crore in FY22 to Rs 637 crore in FY23

CCI slaps Rs 40 lakh fine on Axis Bank over acquisition of stake in CSC

The transaction under consideration comprised acquisition of a 9.91 per cent stake in CSC e-Governance by Axis Bank and got completed in November 2020, the CCI said in an order

NCLAT permits Engine Lease Finance to inspect its jet engines with Go First

A two-member bench of the appellate tribunal granted relief to Engine Lease Finance (ELF) after modifying the earlier order of the National Company Law Tribunal (NCLT) on July 26

P R Seshadri to become new managing director and CEO of South Indian Bank

He holds Bachelor's degree in Electrical Engineering from the Delhi College of Engineering and a Post Graduate Diploma in Management from Indian Institute of Management, Bangalore

JKC seeks additional time to pay Rs 350 crore to Jet Airways' lenders

The appellate tribunal instructed JKC to file an application, stating the revised schedule of the payment within 24 hours, and posted the matter for August 21

GS Design to remodel cars into luxury vehicles, says Gautam Singhania

Singhania said unlike traditional restoration facilities that often take years to complete projects, GS Design will deliver the car within three months with full restoration

JSW Steel to boost long steel capacity to tap infrastructure boom

As the company increases production, raw material security is also on its radar

NCLT approves Vedanta's acquisition of Meenakshi Energy at Rs 1,440 crore

Meenakshi Energy holds a substantial coal-based power plant generating 1,000 MW of electricity

Godrej Security gets Central Vista project; expects revenue to hit Rs 1k cr

Deal likely to be around Rs 100 crore; Company expects revenue to touch Rs 1,000 crore this fiscal

Tata Communications challenges DoT's Rs 991.5 cr fee demand in TDSAT

The company further said it has already included the amount in dispute as part of the notes to accounts in the quarterly financial results for the June 2023 quarter

Flipkart kicks off seller conclave ahead of Big Billion Days festive event

Encouraged by the success of the seller conclave in Delhi, Flipkart plans to extend this series of events to other cities across India

Jio launches Netflix subscription option for 400 mn prepaid plan holders

Earlier in July, Jio had announced the launch of a 4G-feature phone in an attempt to reach people who have not yet migrated to smartphones

TVS Industrial and Logistics Parks plans facility after every 400 km

Of the $400 million, the company intends to raise around $150-175 million using some form of equity instrument, according to Nitin Aggarwal, President of TVS ILP

Barclays Plc names new CEO, COO in reshuffle of key India business

Pramod Kumar will be the new Chief Executive Officer and Suneeta Shetty from HSBC Holdings Plc will be Chief Operating Officer

Abu Dhabi's TAQA is not in talks for $2.5 billion investment, says Adani

Earlier, media reports had claimed that TAQA was evaluating an investment of up to $2.5 billion in the power businesses of Gautam Adani

Jio Financial Services set to be listed on stock exchanges on August 21

BSE said the scrip would be in the Trade-for-Trade segment for 10 trading days and will trade from this Monday with the symbol of JIOFIN