Page 1368 - Company News

TWE Group GmbH, Obeetee Textiles set up strategic JV for nonwovens

Partnership will aim to substitute imports in important sector for India, say companies

Vistara to start flight service on Agartala-Bengaluru route on Aug 1

At present, Indigo and Akasa operate three flights on the Agartala-Bengaluru route

Deloitte flags Adani Port transactions citing 'insufficient disclosures'

It's the first time that a top auditor has issued a qualified opinion on part of the empire's books citing allegations from the US short seller report that has wiped more than $100 bn off the group

Twitter rival Bluesky backed by Jack Dorsey crosses 100,000 users

Twitter rival Bluesky, backed by Jack Dorsey, has crossed more than 100,000 users with a total of 3.19 million posts, and is growing steadily

A $2.5 bn debt bill shows risks ahead for Anil Agarwal's Vedanta Resources

Vedanta's dollar note maturing Wednesday is trading at 99.4 cents to the dollar, indicating confidence in the market that it will be repaid

Uber to offer cashback as it drops ride discounts for subscribers

Ride-hailing platform Uber has discontinued the 5 per cent discounts on eligible rides that it previously provided to Uber One subscribers

Vedanta-Foxconn chip venture application for India funding to be rejected

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Twitter now worth just 33% of Elon Musk's purchase price, says Fidelity

Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity

Adani Ports fourth-quarter profit takes hit from Myanmar port sale

Adani Ports had earlier this month said it sold its sanction-hit Myanmar port for $30 million, significantly lower than its investment in the project

Delhi Metro launches WhatsApp-based ticketing service for Airport line

The report further stated that with the launch of this facility, commuters on the Airport Line will now be able to use WhatsApp chatbot-generated QR code-based tickets from their smartphones

Global IT firm Xebia expands presence in Jaipur with new technology hub

Highlighting the company's expansion strategy, Global CEO of Xebia Anand Sahay said that Jaipur possesses vibrant educational ecosystems, and it will serve as a crucial talent hub

ICD provisioning drags McLeod Russel to loss of Rs 1,078.27 crore

Revenue from operations in Q4FY23stood at Rs 226.04 crore as against Rs 254.24 crore a year back

Alstom emerges as lowest bidder for 100 alluminium Vande Bharat trains

French rail major bid Rs 151 crore per trainset; Stadler-Medha quoted Rs 169.9 cr

Kalpataru Projects International promoters divest 6% stake for Rs 468 cr

The shares were disposed of in the range of Rs 485.06-485.75 apiece, taking the transaction value to around Rs 468 crore

YES Bank brand makeover: Spending on advertising activities to surge 30%

The bank launched a tweak in its logo

Mensa Brands lays off 30 from recently-bought India Lifestyle Network

In November 2021, Mensa Brands raised $135 million at a valuation of nearly $1.2 billion, making it the fastest Indian start-up to reach unicorn status

Abrdn likely to sell its 1.66% stake in HDFC Life via block deals: Report

Back in 2022, Abrdn Investment also divested a 5.58 per cent stake in HDFC AMC for more than Rs 2,300 crore through an open market transaction

Abrdn likely to sell its entire stake in HDFC Life through a block deal

The shares will be sold between Rs 563.2 and Rs 585.15 each. At the upper end of the price band, the block sale would fetch abrdn Rs 2,088 crore

Noida-based IKIO Lighting's IPO to kick off on June 6; check details here

The IPO consists of a fresh issue of equity shares worth up to Rs 350 crore and an offer-for-sale (OFS) of up to 90 lakh equity shares by promoters -- Hardeep Singh and Surmeet Kaur

Consumer durables companies' Q4 performance dampened by unseasonal rain

Industrial demand buoyant during Jan-March period