Page 1232 - Company News

Samsonite grows 40% in H1 2023, eyes Rs 3,600 crore sales by December

While its recent addition of Kamiliant brand competes with Safari and VIP in the value segment, American Tourister is positioned between Samsonite and Kamliant as a mass-premium brand

Dadheech Infra case: NCLAT upholds NCLT's insolvency proceedings verdict

Since 2007, Dadheech Infrastructures had a business relationship with SREI Equipment Finance, which was admitted under CIRP on October 08, 2021

Motilal Oswal Alternates to raise Rs 2,000 cr realty fund by March 2024

It is primarily targeting to lend to developers looking for funds to purchase land, he said, adding that banks and non-bank finance companies do not engage in this business

Indore-based EKI Energy Services statutory auditor removal draws flak

SES has urged the market regulator Securities and Exchange Board of India (Sebi) to probe the affairs at EKI

Adani Group stocks gain as GQG Partners ups its wager; Adani Ports up 4.5%

The stake was purchased from Adani group promoter entities Worldwide Emerging Market Holding and Afro Asia Trade and Investments

Two pilots die in two days, 1 at boarding gate and another on flight

Captain Manoj Subramanyam (40) fell unconscious in the security hold area of the airport around 12 noon

Essar group to source pellets from Bahrain Steel for Saudi factory

The Essar project, set to be the region's inaugural green steel initiative, aspires to establish a global standard in CO2 reduction

CUMI and ideaForge Technology to jointly build cutting-edge drones

CUMI's strength lies in nanomaterial-reinforced composite materials - such as graphene-reinforced polymers - which hold the promise of transforming structural parts for aerospace applications

Planview eyes India's digital transformation may reach $85 bn by 2026

US-based firm would invest more than $125 million into headcount and centre operating expenses over the course of the next four years in India

RenewBuy raises $40 mn from Japanese insurance major Dai-ichi Life Holdings

It is part of the company's ongoing Series D fund raise, which is attracting interest from several marquee investors and is expected to close soon

Adani Transmission to acquire Khavda project from Megha Engineering

Khavda in Gujarat is also the location where the Adani group is developing a 20 gigawatt hybrid renewable energy park

NTPC signs agreement to hive off mining business to its subsidiary

The coal mining business, comprising 6 coal mines, and all related assets and liabilities are being hived-off from NTPC books to NTPC Mining Ltd

San Diego-based biotech company Illumina bets on India for growth

While Illumina is reducing its workforce in the US, it plans to hire in India, where it currently employs only 30 people

HDFC's life insurance, mutual fund arms to start operations from Gift City

HDFC Life International will cater to NRIs and the global Indian diaspora, and the products Savings, Health and Retirement

NCLT seeks reply from Go First on Delhivery plea as settlement talks fail

Currently, Delhivery and Go First are operating within the period of a further extension, although this has yet to be formalised in writing, according to the plea

Dr Agarwal's Health Care raises Rs 650 crore from TPG and Temasek

In addition, Dr Agarwal's Health Care has plans to invest around Rs 1,200 crore to establish hospitals across its regions in India and Africa

Material solutions firm 3M launches abrasive robotics lab in Bengaluru

"India is a growing market and that is why we are investing in the abrasive robotics lab in the country," said Terry Ceulemans, Global Application Engineering Director, 3M

SJVN inks two agreements to supply 1,200 MW solar power to Punjab

PSPCL had floated tenders for procurement of power from solar projects located in Punjab and other parts of the country

Kids brand Aretto raises Rs 4.5 cr in funds, Hardik Pandya leads funding

The company -- founded in 2020 by Satyajit Mittal and Krutika Lal -- said it will use the funds to expand its market presence, team, research and development

Shriram AMC to launch multi asset allocation fund, NFO to open on Friday

Additionally, the fund will allocate 10 to 25 per cent of its assets in high-quality (AAA) Short to Medium term debt