Page 1359 - Company News
Peak XV Partners received 15x return on its investment in Go Fashion
In November 2014, Peak XV Partners had acquired a 33.3 per cent stake in Go Fashion for Rs 60 crore
 "Peak XV Partners received 15x return on its investment in Go Fashion")
Zee board to review Sebi order on Subhash Chandra and CEO Punit Goenka
The board is currently reviewing the detailed order and appropriate legal advice is being sought in order to take the next steps as required, Zee Entertainment Chairman R Gopalan said
 "Zee board to review Sebi order on Subhash Chandra and CEO Punit Goenka")
Foreign automakers get a second chance as India transitions to EVs
But with the advent of EVs, firms like MG Motor India Pvt, the local unit of China's SAIC Motor Corp., Renault SA, Nissan Motor Co. and Volkswagen AG may finally gain a better foothold
 "Foreign automakers get a second chance as India transitions to EVs")
JLR to invest £3 bn by FY26, shares of Tata Motors DVR hits Rs 300 mark
Shares of Tata Motors DVR rose 2.6 per cent to touch the Rs 301 mark on the BSE in Monday's intra-day trade
 "JLR to invest £3 bn by FY26, shares of Tata Motors DVR hits Rs 300 mark")
Credit Suisse's Mihir Doshi to head combined UBS India business
Doshi's appointment would signal continuity and assuage concerns among Credit Suisse employees in the country regarding changes that are likely to be made post-takeover, including redundancies
 "Credit Suisse's Mihir Doshi to head combined UBS India business")
Market concentration of telecom sector leaders rises to 72% in FY23
Jio-Airtel market share reaches all-time high
 "Market concentration of telecom sector leaders rises to 72% in FY23")
Reliance suspends Sikka port's diesel, oil products exports due to cyclone
Reliance said in a letter sent to traders that it had declared a force majeure on exports from Sikka due to the storm, which weather forecasters say could hit India's western state of Gujarat
 "Reliance suspends Sikka port's diesel, oil products exports due to cyclone")
SJVN Green Energy bagged 200 MW wind energy project worth Rs 1,400 cr
State-owned SJVN Ltd arm SJVN Green Energy on Monday bagged a 200 MW wind power project entailing an investment of Rs 1,400 crore in a tariff-based competitive bidding
 "SJVN Green Energy bagged 200 MW wind energy project worth Rs 1,400 cr")
Mortgage lender HDFC raises over Rs 13,000 cr through 10-year bonds
For FY23, its net profit grew by 18 per cent at Rs 16,239 crore as against Rs 13,742 crore in FY22
 "Mortgage lender HDFC raises over Rs 13,000 cr through 10-year bonds")
Indian small-cap Urja Global's shares jump on Tesla-deal confusion
Shares of Indian small-cap renewable energy company Urja Global jumped nearly 40% in two sessions following a deal with Gurugram-based Tesla Power India
 "Indian small-cap Urja Global's shares jump on Tesla-deal confusion")
Reliance Nippon Life declares Rs 344 crore bonus to policyholders
Reliance Nippon Life Insurance Company on Monday announced an annual bonus of Rs 344 crore to its participating policyholders for FY23
Hero MotoCorp to open 100 exclusive stores for premium models in FY24
The chip supply to Indian auto companies has improved in the last few quarters, but it is yet to reach pre-pandemic levels
 "Hero MotoCorp to open 100 exclusive stores for premium models in FY24")
FinEzzy aims to disburse Rs 1,500 cr in loans against mutual funds
Fintech firm FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over the next year
 "FinEzzy aims to disburse Rs 1,500 cr in loans against mutual funds")
JTL Industries to add 2MT capacity by Dec as part of Rs 330 cr capex
Chandigarh-based JTL Industries, which manufacturers various grades of galvanised steel tubes and pipes, is adding 2 lakh tonne to its existing 6 lakh tonne
 "JTL Industries to add 2MT capacity by Dec as part of Rs 330 cr capex")
Gangwal family may sell up to 8% stake in Indigo via block deals by July
The family is bringing its stake down since September last year when it first sold a tranche of 2.8 per cent worth Rs 2,000 crore
 "Gangwal family may sell up to 8% stake in Indigo via block deals by July")
Unseasonal rain curtails FMCG demand in May; rural segment grows 2.2%
Beverage sales were down 29.4% YoY in May; March-June accounts for over half of the annual demand
 "Unseasonal rain curtails FMCG demand in May; rural segment grows 2.2%")
We can work on hypersonic missiles too: Former BrahMos Aerospace chief
The grand Silver Jubilee Year celebration by India-Russia JV entity BrahMos Aerospace culminated on a high note on Monday in the presence of the company's CEO and MD Padma Bhushan Dr A.S. Pillai
 "We can work on hypersonic missiles too: Former BrahMos Aerospace chief")
Vivo becomes third brand to exit Germany after Oppo, OnePlus; here's why
The suspensions come after Nokia filed a patent dispute in the region over broadband technology
 "Vivo becomes third brand to exit Germany after Oppo, OnePlus; here's why")
Nearly all Tata Motors vehicle dealers turn profitable after a decade
Tata Motors' diversification into multiple electrified models, which are priced on average Rs 3-3.5 lakh higher than traditional internal combustion engine models, has increased profit margins
 "Nearly all Tata Motors vehicle dealers turn profitable after a decade")
PB Fintech to wipe out accumulated losses in next 4 years on revenue growth
PB Fintech, the parent firm of Policybazaar, expects to wipe out accumulated losses in the next four years on the back of revenue growth, a top official said
 "PB Fintech to wipe out accumulated losses in next 4 years on revenue growth")