Page 1325 - Company News
SAT stays Sebi's order restraining IIFL Securities from taking new clients
The order came after IIFL Securities, earlier known as India Infoline Ltd, filed an appeal against the order passed by the Securities and Exchange Board of India (Sebi)
 "SAT stays Sebi's order restraining IIFL Securities from taking new clients")
HDFC-HDFC Bank merger: The story behind success of housing finance behemoth
In a press conference on June 27, HDFC's chairman Deepak Parekh said that the board of these two companies will meet on June 30 to finalise the merger and it will be effective on July 1
 "HDFC-HDFC Bank merger: The story behind success of housing finance behemoth")
Adani Power commences export to Bangladesh from Jharkhand's Godda plant
The reliability run test, including commercial operation tests of the second unit of Godda power plant, was completed on June 25 in the presence of Bangladesh Power Development Board (BPDB)
 "Adani Power commences export to Bangladesh from Jharkhand's Godda plant")
Lenskart investor Epiq Capital's Fund II oversubscribed at $225 million
Venture capital firm Epiq Capital on Wednesday said announced raising USD 225 million under its Fund II which would invest a major part of the proceeds in technology start-ups
 "Lenskart investor Epiq Capital's Fund II oversubscribed at $225 million")
Sleepwell owner Sheela Foam to buy rival Kurlon Enterprise for Rs 3,250 cr
The deal will help Sheela Foam to nearly double its market share in the mattresses segment, said the report
 "Sleepwell owner Sheela Foam to buy rival Kurlon Enterprise for Rs 3,250 cr")
Fintech firm Scapia raises $9 mn in funding round led by Matrix Partners
The company has also built a travel platform within the app to enable customers to instantly redeem their coins for flight and hotel bookings
 "Fintech firm Scapia raises $9 mn in funding round led by Matrix Partners")
TCS writes to board members about details on recruitment scam allegations
TCS is consulting with external auditors to investigate the situation, said a person aware of the development
 "TCS writes to board members about details on recruitment scam allegations")
Turmoil at Byju's highlights hurdles for India's startup ecosystem
Already stuck in a 15-month funding slump, India's young companies are in danger of becoming collateral damage to the country's highest-profile startup crisis in years
 "Turmoil at Byju's highlights hurdles for India's startup ecosystem")
Adani Enterprises, Green see $900 mn of block trades, sparks speculation
The flagship of Indian billionaire Gautam Adani saw 18 million shares traded in a single block Wednesday, or about 1.6% of its outstanding stock, according to data compiled by Bloomberg
 "Adani Enterprises, Green see $900 mn of block trades, sparks speculation")
From Lava to Karbonn: Indian smartphone brands aiming to make a comeback
The Indian smartphone brands are looking to fill the vacuum created in the sub-Rs 10,000 segment
 "From Lava to Karbonn: Indian smartphone brands aiming to make a comeback")
Promoter entities raise $1 bn by selling shares in Adani Green Energy, AEL
The proceeds will be used by the promoters to pre-pay debt, banking sources said
 "Promoter entities raise $1 bn by selling shares in Adani Green Energy, AEL")
Aerospace suppliers see upside in parts-making from record jet orders
Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace
 "Aerospace suppliers see upside in parts-making from record jet orders")
Top headlines: Adani cos under Sebi lens, TCS on foreign remittances
Business Standard brings you the top headlines at this hour
Vedanta Resources deepens tech push with $4 billion India display factory
Anil Agarwal's metals and mining conglomerate is expanding in electronics components to take advantage of India's push to become a technology manufacturing hub
 "Vedanta Resources deepens tech push with $4 billion India display factory")
ED arrests Supertech's Chairman R K Arora in money laundering case
Earlier in April, the ED provisionally attached 25 immovable properties, valued at Rs 40.39 crore, belonging to the Supertech Group of Companies and their Directors in Uttarakhand and Uttar Pradesh
 "ED arrests Supertech's Chairman R K Arora in money laundering case")
India Inc is excited about generative AI, says Salesforce India CEO
But the actual deployment of the new-age technology would still take substantial time, says Arundhati Bhattacharya
 "India Inc is excited about generative AI, says Salesforce India CEO")
WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr
The shares were divested at an average price of Rs 1,377.1 apiece, translating into a transaction size of Rs 417.3 crore, the data showed
 "WWD Ruby exits Sapphire Foods, pares 4.77% stake for over Rs 417 cr")
Wipro extends closing date for Rs 12,000 crore-share buyback to Jun 30
IT company Wipro on Tuesday said it has extended the closing date for its Rs 12,000 crore-share buyback programme by a day to June 30
 "Wipro extends closing date for Rs 12,000 crore-share buyback to Jun 30")
Karnataka's dairy brand Nandini puts on hold its Kerala expansion plan
Popular Karnataka dairy brand Nandini, which opened a few of its outlets in Kerala recently, has decided to put on hold its expansion plan in this southern state
 "Karnataka's dairy brand Nandini puts on hold its Kerala expansion plan")
Court rejects Byju's TLB lenders' request to investigate $500 mn transfer
The rejection of the lenders' request brings a sigh of relief for BYJU'S, which has been trying to assuage investors over issues around its financial performance
 "Court rejects Byju's TLB lenders' request to investigate $500 mn transfer")