Page 1316 - Company News

Zee, IndusInd settle dues; NCLAT disposes of NCLT insolvency order

The appellate tribunal also told both parties to pay their dues to the Interim Resolution Professional

IndusInd holding co to raise $1.5 bn to fund RCap buy, increase stake

It can be noted that on June 29, the lenders to the crippled Reliance Capital accepted the revised Rs 9,661 crore bid by IndusInd Bank

Bank of Maharashtra clocks credit growth of 25% at Rs 1.75 trn in June

The outstanding credit was Rs 1.40 lakh crore at the end of June 30, 2022, BoM said in a regulatory filing

Microchip Technology to invest $300 million to expand India operations

For starts, opens R&D unit in Hyderabad on 168,000 sq ft with capacity to house 1,000 employees

Sluggish demand in international markets impacts orthodox tea exports

Higher output adds to industry's woes; Major buyer Iran is not operating at the level it normally does

IIHL approves capital raising of up to $1.5 bn for strategic objectives

IIHL is likely to be listed by 2024 which would give trading options to its shareholders who have been with the company for over three decades

Cos operating in India must abide by local regulations: Paytm Founder

"I don't foresee why tech cos that have access to Indian citizen (data) won't want to abide by rules and regulation of this country," Sharma said on the sidelines of 'Startup20 Shikhar' event

Murugappa Group posts 24% rise in net profit to Rs 6,846 crore in 2022-23

The group registered a growth of 35.8 per cent in turnover during the year to Rs 74,220 crore compared to Rs 54,648 crore in 2021-22

Kyndryl aims to grow consulting business to 15% of top line by 2025

Kyndryl Consult was established as a separate unit in November last year which combines Kyndryl's consulting expertise with its technology integration solutions

Air India reports steepest on-time performance fall in June, shows data

Air India's OTP nosedived especially during June 11-15 when its average daily OTP fell below 50 per cent

Jindal Steel, PNB to migrate to MF large-cap basket: Analyst report

MF industry's stock reclassification to also see entry of Canara Bank and IDBI Bank into largecap space

Investcorp makes addl Rs 500 crore investment in NDR Warehousing

This is the second investment that the fund has made into the warehouse development and operating platform. It had invested $55 mn last year, the fund said in a statement Monday

Hero Realty sells 77 plots in Gurugram project for Rs 180 cr in single day

The company has formed a separate vertical 'Hero Earth' for undertaking plotted development projects across major cities in North India

Lupin receives US regulator's approval for Cyanocobalamin nasal spray

The nasal spray manufactured by Lupin is a generic version of Nascobal nasal spray

AltF Coworking starts 2 centres with 1,600 office desks in Noida, Gurugram

The company has now 10 centres in Delhi-NCR and out of that six are in Gurugram, three in Noida and one in the national capital

FEMA case: Reliance ADA Group chairman Anil Ambani appears before ED

The industrialist had appeared before the ED in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others

Manganese major MOIL sees record quarterly production in April-June 2023

The month of June saw record production of 150,000 MT, the best-ever production of any June month since its inception

Serentica Renewables inks pacts to supply green energy to industries

The overall portfolio will supply more than 9 billion units of clean energy annually, thereby offsetting 8.5 million tonnes of CO2, the company said

Govt calls off strategic disinvestment of Pawan Hans, scraps firm's bid

Majority owner in consortium that won stake sale for state-owned helicopter operator faces legal trouble

VE Commercial Vehicles reports 6.5% rise in sales at 6,715 units in June

In the domestic market, sales of Eicher branded trucks and buses grew by 12.4 per cent to 6,277 units as compared with 5,584 units in the corresponding month last year