Page 1323 - Company News

Renewable energy firm Avaada Group completes Rs 10,700 cr-funding round

The funds will be used to bolster Avaada's green hydrogen, green methanol, green ammonia, solar manufacturing and renewable power generation ventures

DGCA to examine documents, conduct audit before restarting Go First ops

DGCA will also conduct an audit to assess the airline's operational preparedness once it completes the scrutiny of the documents. The audit is expected to take place next week, the report said

Air India hires McCann India as a part of its rebranding exercise

The airline said it is building itself as a 'Global Airline with an Indian Heart'

Bharat Petroleum Corporation to raise Rs 18,000 cr via rights issue

IOC and HPCL are likely to come up with similar schemes to get government capital

Unacademy's cash burn falls to Rs 1.9 crore, says CEO Gaurav Munjal

"Our FY'24 numbers are going to be awesome. This year is going to be the best year for Unacademy so far," the CEO added

P&G India to invest Rs 2,000 cr to set-up manufacturing facility in Gujarat

Over the last decade, P&G has invested over Rs 8,200 crore ($ 1 billion) through its operations in the country

Afcons Infrastructure plans to raise up to Rs 8,000 crore through IPO

The group was also planning to sell Gopalpur Port to raise upto $2 billion but the transaction has not materialised so far

Cognizant, ServiceNow form partnership to build $1 billion business

The key areas that the group will focus on operational effectiveness, enhanced experience and expedited innovation

Procter & Gamble to invest Rs 2,000 cr in India, set up plant in Gujarat

The new plant spread across a 50,000 sq metre area in Sanand will produce products that are part of P&G's global healthcare portfolio, especially digestives, a company statement said

Zee withdraws EOI for Reliance Broadcast; no resolution plan submission

News broadcaster Zee Media on Wednesday said it has withdrawn its Expression of Interest (EOI) and would not bid for the debt-ridden Reliance Broadcast Network Ltd (RBNL).

GQG Partners invests $1 billion to buy additional stake in AEL, AGEL

Firm had invested $ 2.3 bn in group cos in March; flagship AEL gains over 5%, AGEL ends flat

Mobile user base drops 0.8 mn in Apr; Jio gains 3 mn subscribers: Trai data

Reliance Jio gained 3 million subscribers for the second straight month, almost equal number left Vodafone Idea

Infosys sharpens focus on generative AI, open to acquisitions: Parekh

"We are looking more carefully at the future of acquisitions," said Parekh

Tata Comm to acquire NYSE-listed Kaleyra for $100 mn in all-cash deal

The firm reported revenue of $339.17 million in 2022, up from $267.74 million in CY21

Tata Motors shifting to greener future in next few years: Chandrasekaran

Expect PV industry growth to moderate in FY24, says annual report

AI-first strategy working for Infosys despite unresolved issues: Nilekani

He said that the board has approved a dividend of Rs 17.5 per share, taking the total to Rs 34 per share

A clutch of Indian companies talk supply chain integration with Apple

The value addition for iPhone vendors is currently around 15 per cent but the government expects them to hit 30 per cent by FY26

India's Bharat Petroleum to raise $2.19 billion in green energy push

State-owned oil marketing company Bharat Petroleum said it approved raising up to 180 billion rupees through an issue of equity shares on a rights basis

Adani Ent jumps over 5% as most groups cos settle in positive territory

Majority of the Adani Group stocks ended in the positive territory, with Adani Enterprises climbing over 5%, after US-based GQG Partners and other investors bought close to $1 billion stakes

Tata Motors' permanent employee strength rises after three years: Report

Permanent employee strength rose by 11.14 per cent in FY23 to 81,811