Page 1389 - Company News
Hinduja group patriarch Srichand P Hinduja passes away at 87 in London
In the '80s, the brothers were accused of taking commission from manufacturers of Bofors guns, a charge the high court rejected
 "Hinduja group patriarch Srichand P Hinduja passes away at 87 in London")
'Govt to issue notices to debar more cos found violating FAME-II norms'
The government will issue notices to more companies that have been found violating localisation norms under the Rs 10,000-crore FAME-II scheme seeking to debar them
 "'Govt to issue notices to debar more cos found violating FAME-II norms'")
Four entities settle insider trading case in Poonawalla Fincorp with Sebi
Four entities settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd
 "Four entities settle insider trading case in Poonawalla Fincorp with Sebi")
Goldman Sachs slashes Adani's stakes from ESG funds following allegations
Goldman funds registered as promoting environmental, social and governance goals under European Union rules sold about 11.7 million shares in Adani companies in February
 "Goldman Sachs slashes Adani's stakes from ESG funds following allegations")
Customers should ideally pay more for higher usage: Airtel MD Gopal Vittal
Says pricing however remains a challenge with India having the lowest rates for data packs on per GB basis in the world
 "Customers should ideally pay more for higher usage: Airtel MD Gopal Vittal")
Thermax beats Q4 profit expectations on back of strong sales growth
Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.
 "Thermax beats Q4 profit expectations on back of strong sales growth")
Future Retail receives bids from 6 applicants in bankruptcy resolution
Debt-ridden Future Retail Ltd said on Wednesday it had received bids from six applicants in its insolvency resolution process
 "Future Retail receives bids from 6 applicants in bankruptcy resolution")
India saw only 100 deals valued at $5 bn in April, 47% dip in deal volumes
India saw only 100 deals valued at $5 billion, with a 47 per cent decline in deal volumes and a steep 89 per cent decline in values compared to April 2022, a report showed on Wednesday
 "India saw only 100 deals valued at $5 bn in April, 47% dip in deal volumes")
Dish TV EGM on June 9 to appoint new directors on creditors' call
Lenders in talks with rivals to sell stake after the board is reconstituted
 "Dish TV EGM on June 9 to appoint new directors on creditors' call")
Quickly provide engines for grounded fleet: IndiGo asks Pratt & Whitney
Since IndiGo still has about 140 planes with PW engines, the issue of grounded planes continues to beset the airline
 "Quickly provide engines for grounded fleet: IndiGo asks Pratt & Whitney")
Jindal Stainless to raise upto Rs 5,000 cr through multiple instruments
Jindal Stainless Ltd (JSL) on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through multiple financial instruments.
 "Jindal Stainless to raise upto Rs 5,000 cr through multiple instruments")
Realty firm Group 108 signs MoU to invest Rs 2,000 crore in Noida
Realty firm Group 108 on Wednesday said it has proposed to invest Rs 2,000 crore to develop new projects in Noida and Greater Noida as part of its expansion plan.
 "Realty firm Group 108 signs MoU to invest Rs 2,000 crore in Noida")
Tesla plans to build EV plant in India for domestic sales, exports
Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on Tuesday
 "Tesla plans to build EV plant in India for domestic sales, exports")
Nights booked for international travel by Indians doubled in Q1: Airbnb
Nights booked for travel by guests doubled year-on-year in January-March this year, with UK, US and various European countries emerging as top destinations among travellers, Airbnb said
 "Nights booked for international travel by Indians doubled in Q1: Airbnb")
MSME credit demand robust, but maintaining 46% growth a challenge: ABCL CEO
Loans to the sector are expected to get thrust with the Udyog Plus B2B platform launched by the NBFC arm, Aditya Birla Finance
 "MSME credit demand robust, but maintaining 46% growth a challenge: ABCL CEO")
Ramco Systems posts consolidated Q4 net loss at Rs 454.03 million
Enterprise software player Ramco Systems reported a consolidated net loss at Rs 454.03 million for the fourth quarter ending March 31, 2023, the company said on Wednesday.
 "Ramco Systems posts consolidated Q4 net loss at Rs 454.03 million")
PVR Pictures renamed as PVR INOX Pictures after merger with Inox Leisure
PVR Pictures has been renamed as PVR INOX Pictures following the merger of PVR and Inox Leisure
 "PVR Pictures renamed as PVR INOX Pictures after merger with Inox Leisure")
Meta India executive Manish Chopra resigns, 4th major exit in 6 months
Meta's director and head of partnerships in India Manish Chopra has quit the company.
 "Meta India executive Manish Chopra resigns, 4th major exit in 6 months")
Room rates, occupancy surpass pre-Covid levels for hotels, says report
Mahindra Holidays is aggressively expanding its inventory by acquiring properties and creating more resorts
 "Room rates, occupancy surpass pre-Covid levels for hotels, says report")
Black+Decker announces licencing agreement with Indkal Technologies
Indkal's new collection of Black+Decker products will be available on amazon.in and flipkart.com, and in-store channels on June 3
 "Black+Decker announces licencing agreement with Indkal Technologies")