Page 1254 - Company News

Adani's Mundra port handled 5,300 TEUs in July, crosses pre-Biparjoy levels

With this the handling has crossed the pre-Cyclone Biparjoy levels of around 4,900 TEUs, Adani Group said in a statement on Thursday

Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 cr

The company has signed a definitive agreement to acquire a majority stake of 58 per cent in Satiya Nutraceuticals for a consideration of Rs 369.01 crore, Marico said in a regulatory filing

ACC, Ambuja Cements face resistance from shareholders to adopt FY23 results

The resolution at Adani-owned ACC and Ambuja Cements was still passed with the support of promoters

Reinstate 169 workers with full back wages: Supreme Court tells Jet Airways

Jet Airways, once India's largest private airline, ceased operations in April 2019, unable to meet its financial obligations

Foxconn unit in talks for $200 mn components plant in Tamil Nadu: Reports

Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state

State Bank of India takes PC Jewellers to NCLT over loan account default

The bank, who filed an insolvency plea against the jewellery company in NCLT, had classified PC Jeweller's loan account as a non-performing asset in June, 2021

Demand woes, lower realisations to hit specialty chemical makers in FY24

Sector is expected to underperform as brokerages cut profit estimates

Marico signs agreement to acquire majority stake in Satiya Nutraceuticals

In an all cash deal, the maker of Parachute Coconut oil will buy the stake in the company for an aggregate consideration of upto Rs 369 crore

Air India aims to increase annual cargo capacity to 2 mn tonnes in 5 years

Air India on Wednesday said it is aiming for a 300 per cent growth in its annual cargo capacity to two million tonnes with non-stop connections to key export markets globally over the next five years

Nissan to invest up to 600 mn euro in Renault EV unit as part of new pact

The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said

M&M picks up 3.5% stake in RBL Bank for Rs 417 cr, eyes to acquire more

Company says it may consider further investment in the bank to raise its holding up to 9.9%

DGCA suspends licences of two IndiGo pilots for violating safety norms

Aviation regulator DGCA has suspended the flying licences of two IndiGo pilots for violating safety norms as the aircraft they operated suffered a tail strike

NCLT gives green signal to Go First to fly aircraft if registered

The tribunal also denied requests of lessors to inspect the leased engines of the aircraft

Qatar fund in talks to buy minority stake in Reliance Retail Ventures

Those investors included KKR & Co and Saudi Arabia's Public Investment Board (see chart). RIL and its associate firms own the rest of the stake in RRVL

BlackRock to enter India's asset management sector with Jio Financial JV

Move marks re-entry of world's largest asset manager in domestic market

For edtech firm Byju's chaotic situation, are only founders to be blamed?

Byju's delayed giving its FY21 financial report by 18 months and when it did, it reported a loss of Rs 4,570 crore. The FY22 financials are yet to be filed

Working with Pratt & Whitney amid latest engine probe, says IndiGo

IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet

Schneider Electric withdraws appeal from SAT against Sebi's order

Company will have to follow Sebi's January 2021 directions within six months

Jindal Stainless pitches for imposition of CVD on stainless steel imports

Consolidated revenue was at Rs 10,183.96 crore, higher by 25.44 per cent as sales volume increased

Tata Motors' DVR shares soar over 12% on conversion plan announcement

Cancellation of ordinary shares to attract three levels of taxes