Page 1367 - Company News

Centre proposes to sell 3% stake in Coal India via OFS, eyes Rs 4,162 cr

In the last quarter, a spike in share price owing to high coal demand helped CIL achieve its production target

BFSI firms drive earnings of India Inc to a record high in Q4FY23

By comparison, their combined net sales (gross interest income for BFSI companies) were up 14.3 per cent YoY to Rs 33.2 trillion in Q4FY23, from Rs 29 trillion a year ago

Adani to raise $3.5 bn from equity share sale in three group companies

Post-board approvals, Adani Enterprises Ltd and Adani Transmission Ltd have sought shareholder approval

India operation to be among top 3 markets in few years: Trend Micro

It has global R&D centres spread across multiple locations, including East and Southeast Asia, Europe, and North America

Application to terminate leases of Go First's lessors not rejected: DGCA

The lessors of Go First had moved the high court against the DGCA, seeking to deregister their aircraft leased to Go First. This was shortly after the NCLAT upheld the NCLT order on May 22

Jaguar recalls I-Pace electric vehicles due to fire risk in batteries by LG

The NHTSA opened the probe in April of 2022 covering more than 138,000 vehicles with the South Korean company's lithium-ion batteries

Go First lessors' plea for plane delisting shown as rejected due to glitch

The lessors are unable to deregister and take back the aircraft leased to the carrier because of the moratorium

Government proposes to sell up to 3% stake in Coal India on June 1

At the closing price of Rs 241.20 apiece on BSE on Wednesday, the sale of 3 per cent stake in Coal India would be worth around Rs 4,400 crore

IndiGo's audacity? Media platform founder complains about high ticket costs

Chaturvedi took to Twitter and shared her disappointment after she had to pay Rs 21,000 for a one-way ticket from New Delhi to Ahmedabad

Sterlite Power uses helicopter to expedite construction of Mumbai Urja Marg

The aerial operations will involve the movement of around 3,000 metric tonnes of various materials over a period of two months

Patanjali promoters to dilute 6% share to meet minimum shareholding norms

At present the public shareholding in PFL stands at 19.18 per cent, which needs to be increased to a minimum of 25 per cent

Fitch upgrades IPO-bound Oyo's long-term issuer rating to 'positive'

Agency sees major growth in Oyo's Ebitda in FY24, led by ongoing demand recovery in travel and tourism, the company's stable gross margins, and reduction in operating costs

Himadri invests AUD 10.32 mn for stake in Australia battery tech firm

Indian speciality chemicals firm says deal will help it in technologies for battery material

MobiKwik gets ex-Sebi ED, former SBI Card CEO Prasad in advisory board

The company has set up an advisory board to help it enhance understanding of regulations, compliance, and industry dynamics, further strengthening its position in the BFSI and fintech sectors

Edtech firm Scaler makes fourth acquisition in 2 years, buys Pepcoding

Scaler says it has merged Delhi-based coding instructor with itself for growth and expertise in business

Allcargo Logistics net profit declines 78% to Rs 51.90 cr in March quarter

Allcargo, in a statement, announced the appointment of logistics industry veteran Adarsh Hegde as its Managing Director

Fitch Ratings revises outlook on OYO's long-term issuer ratings to positive

Any potential default of the debt outstanding at one of OYO's shareholding entities owned by the founder may be a reputational risk and affect OYO's operations, and we treat this as an event risk

Combined brand value of Indian companies surpasses $100 bn: Interbrand

TCS tops the list, followed by Reliance Industries and Infosys

Vedanta Resources repays $1.4-bn bonds; brings down debt to $6.4 bn

Agarwal said the group has good relations with Glencore, which is a key customer of the group, and said there are no plan to sell a stake to Glencore

Tatas create war chest of over Rs 7,600 crore for electronics business

Tata Electronics was given over Rs 608 crore in capital infusion in 2022-23 by its holding company Tata Sons, the highest in a single financial year