Page 1384 - Company News

Insolvency filing depressing in growing Indian market: Airbus India chief

Remi Maillard said on Thursday at the curtain raiser event of 'Wings India 2024' here in the national capital that, "now the past couple of weeks have been somewhat depressing

Edtech major Byju's sued by an agent connected to its $1.2 billion loan

The lawsuit was filed by Glas Trust Company and investor Timothy R. Pohl against Byju's Alpha, Tangible Play, Inc. and Riju Ravindran

Edtech startup Byju's sued by creditor Glas Trust Company tied to $1.2 bn

Byju's started negotiating its credit agreement after it breached investor protections on the debt by missing a deadline to disclose annual financial results

Akasa Air commences daily flight operations from Kolkata: Report

The eastern metropolis is the airline's 17th destination and the second in West Bengal after Bagdogra

Godrej Agrovet, SBI partner to offer loans to palm oil farmers: Report

With 65,000 hectares of palm oil under cultivation across the country, the company plans to increase cultivation by 1 lakh hectares by 2027

Netflix, Ola, Uber not integrated with PIPOnet app, says NuRe Bharat CEO

3i Infotech-led consortium NuRe Bharat Network has not integrated Netflix, Ola, Uber or any other company with its PIPOnet app, a senior official of the company said

Electric scooter companies divided on impact of FAME II subsidy cutback

However, premium electric scooter players feel that the market will consolidate with the premium end dominating the play

REC plans to increase loan book over two-fold to Rs 10 trn by 2030

India will have to add around 50,000 MW of clean energy capacity every year to meet the target of 500 GW by 2030. Thus finance is an important component of these projects

India govt wants Go First flights to resume as soon as possible: Minister

Govt wants Go Airlines (India) Ltd flights to resume as soon as possible, the civil aviation minister said on Thursday, a week after the troubled low-cost carrier was granted bankruptcy protection

Govt tells Pratt & Whitney to get grounded planes 'up and running'

The minister said the Directorate General of Civil Aviation (DGCA) was waiting for Go First's plan on resumption of flights

Container Corporation of India announces FY23 dividend of Rs 2 per share

Concor's Q4 profit after tax (PAT) came in at Rs 278.5 crore, with operations revenue of Rs 2,166 crore

CCI gives nod to proposed merger of Credit Suisse Group with UBS Group

The proposed transaction has been necessitated due to Credit Suisse's financial difficulties, CCI said

Combined revenue of listed Tata group's firms tops Rs 10 trillion

But its FY18-FY23 revenue CAGR lags India's GDP growth

Flipkart's double-digit growth helps Walmart sales jump 13% at $26.8 bn

Walmart-owned fintech firm PhonePe saw its annualised total payments volume cross $1 trillion in Q1

Business visit expenses by employer not covered in RBI's remittance scheme

The ministry on May 16 notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 to include international credit card payments in the LRS

Shein is ready to make its second entry into India with Reliance Retail

The Chinese e-commerce company had first entered the Indian market in 2017

Timex Group acquires watch retail brand Just Watches for undisclosed amount

Timex India currently operates over 35 exclusive franchised stores under the brand name Timex World

Disney Star Network breaks IPL TV viewership records, adds 2.1 cr viewers

The seven matches in Week 6 crossed a peak concurrency of three crore with the MI vs RCB match registering a peak concurrency of 4.7 crore, the highest for week 6

PNB Housing Finance Q4 net rises 65% to Rs 279 cr on improved margins, NII

The housing finance company (HFC) had booked a net profit of Rs 170 crore in the March quarter of FY22 and Rs 269 crore in Q3FY23

IndiGo posts Rs 919 crore net profit, its best-fourth quarter ever

Expenses in the quarter increased to Rs 13,680 crore due to a rise in fuel and maintenance costs