Page 1328 - Company News
Hindenburg report 'targeted misformation', false allegations: Gautam Adani
'Vested interests tried to opportunistically exploit' short-seller's claims, says billionaire
 "Hindenburg report 'targeted misformation', false allegations: Gautam Adani")
Amara Raja Infra bags solar power project worth $130 mn in Bangladesh
The scope of the project which consists of Engineering, Design, Supply, Installation, and Commissioning of a 100 MW (AC) Solar PV Power Plant will be funded by the Exim Bank of India, it said
 "Amara Raja Infra bags solar power project worth $130 mn in Bangladesh")
Tech Mahindra CEO CP Gurnani's salary halves in FY23 to Rs 32 crore
Gurnani earned Rs 25.6 crore in employee stock options (Esops) during FY23, a decrease of 56.46% from the previous year's earnings
 "Tech Mahindra CEO CP Gurnani's salary halves in FY23 to Rs 32 crore")
Billionaire Gautam Adani reiterates confidence in governance standards
The Adani Group chairman, commenting in the annual report of flagship firm Adani Enterprises Ltd. released on Tuesday, pointed to a submission last month by India's Supreme Court
 "Billionaire Gautam Adani reiterates confidence in governance standards")
BillionElectric raises $10 mn in seed fund round, launches e-MaaS platform
The capital infusion, which is in the form of equity and lease funding, will be strategically allocated for the deployment of electric tarmac buses at the Bengaluru international airport
 "BillionElectric raises $10 mn in seed fund round, launches e-MaaS platform")
Aditya Birla Capital to raise up to Rs 1,750 crore via share sale
The issue price for the placement is between Rs 170 and Rs 176, a 6.2% to 2.9% discount to Monday's closing level of Rs 181.25
 "Aditya Birla Capital to raise up to Rs 1,750 crore via share sale")
Arkam Ventures launches second fund with a target corpus of $180 mn
Through the fund, the firm will make investments in Series A and Series B start-ups, with a focus on emerging sectors like electric vehicles and manufacturing technology
 "Arkam Ventures launches second fund with a target corpus of $180 mn")
Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon
Business Standard brings you the top headlines at this hour
 "Top headlines: Go First lenders approve $55 mn infusion, Vi turnaround soon")
Go First's lenders approve $55 mn fund infusion to revive carrier: Reports
Go First was granted bankruptcy protection on May 10. Reuters reported last week that the airline has sought Rs 400 cr- Rs 600 cr in additional funds from banks
 "Go First's lenders approve $55 mn fund infusion to revive carrier: Reports")
ICICI Pru Life gets GST demand notice for Rs 492 cr, firm to contest matter
The life insurance company maintains that it has diligently availed eligible input GST credit, adhering to the provisions outlined in the Central Goods and Service Tax Act, 2017
 "ICICI Pru Life gets GST demand notice for Rs 492 cr, firm to contest matter")
No subpoena received from the US authorities, clarifies Adani Group
In a late evening statement, the group said it is routine that various regulators seek access to public material in an easy and referenceable manner
 "No subpoena received from the US authorities, clarifies Adani Group")
Voda Idea turnaround expected soon, negotiations on to raise funds: Govt
The telecom firm is in advanced negotiations with three to four private equity funds to raise about Rs 20,000 crore
 "Voda Idea turnaround expected soon, negotiations on to raise funds: Govt")
National consumer commission imposes Rs 15 lakh fine on HSBC for negligence
The National Consumer Disputes Redressal Commission has imposed a fine of Rs 15 lakh on the Hongkong and Shanghai Banking Corporation Ltd (HSBC) for negligence and deficiency in service
 "National consumer commission imposes Rs 15 lakh fine on HSBC for negligence")
Three projects to boost SECL coal production, dispatch in Chhattisgarh
The SECL is procuring over 400 HEMMs that include 261 dumpers with capacity between 60 tonnes to 240 tonnes
 "Three projects to boost SECL coal production, dispatch in Chhattisgarh")
Bad weather causes diversion of Air India Delhi-Port Blair flight
More than 150 Air India passengers travelling from Delhi to Port Blair spent a night in the city after their flight was diverted on Sunday due to inclement weather
 "Bad weather causes diversion of Air India Delhi-Port Blair flight")
L&T Tech Services partners with BSNL for private 5G network deployment
According to the agreement framework signed by both companies, the spectrum will be provided by BSNL using both PLMN (public land mobile network) and isolated allotment
 "L&T Tech Services partners with BSNL for private 5G network deployment")
Google asks Supreme Court to quash Android antitrust directives: Report
In March an Indian tribunal gave partial relief to the Alphabet Inc unit by setting aside four of the 10 directives in the case
 "Google asks Supreme Court to quash Android antitrust directives: Report")
Adani Power starts supplying power to Bangladesh from its Jharkhand plant
Adani Power Ltd (APL) has started exporting power to Bangladesh from its 1,600 MW ultra-supercritical power project in Jharkhand.
 "Adani Power starts supplying power to Bangladesh from its Jharkhand plant")
Infra.Market acquires majority stake in Strata Geosystems for Rs 910 cr
Infra.Market is a B2B marketplace for construction materials
 "Infra.Market acquires majority stake in Strata Geosystems for Rs 910 cr")
L&T likely to fuel space exploration plans of Jeff Bezos' Blue Origin
Jeff Bezos-owned firm sourcing engines based on Artemis Accords
 "L&T likely to fuel space exploration plans of Jeff Bezos' Blue Origin")