Page 1398 - Company News

'Factually baseless': Sebi to SC on probing Adani firms since 2016

Stand by reply that stated Sebi was probing some Adani group firms: FinMin

Allow Go First pilots to exit without impediment: Pilot body to Scindia

The pilot's body has written to the minister seeking his intervention to help Go First pilots facing hurdles in leaving the airline

Manufacturing firm Tube Investments' Q4 profit rises 74% at Rs 312 cr

Company's net profit in FY23 increases 24% at Rs 956 cr from Rs 769 cr in FY22

'Business as usual' for Sequoia's early-stage bets amid start-up headwinds

Within the early-stage space, Sequoia remains bullish on AI, deep tech, and semiconductors

Wipro FullStride Cloud Studio inks partnership with Google Cloud's RaMP

The partnership will deliver faster cloud migration tied to business outcomes

Biphore, Zenara gets approval for Cannabidiol that treats neuro disorders

Biophore India Pharmaceuticals has announced that it has received approval from Central Drugs Standard Control Organisation (CDSCO) for manufacturing of Cannabidiol active ingredient in India

Outgoing Puma India chief Abhishek Ganguly's new venture raises Rs 430 cr

Agilitas Sports will be a solutions platform for sportswear and athleisure

Amazon plans to focus on utilising AI to speed up delivery services

Amazon has said that it will be focusing on using artificial intelligence (AI) to speed up delivery services, aiming to minimise the distance between its products and customers, the media reported

Apax Funds buys $450 mn minority stake in travel tech company IBS Software

The transaction is subject to customary closing conditions and is expected to close end of Q2 2023. Financial terms were not disclosed, the release said

Vice Media files for bankruptcy, the latest digital media setback

Vice Media's roots date back to 1994, with the launch of Vice's original punk magazine in Montreal. Vice soon moved to New York and built itself into a global media company

Welspun One Logistics Parks raises Rs 500 cr under 2nd AIF in initial phase

Along with project-level debt, this is expected to give the fund enough dry powder to invest in projects which entail an outlay of over Rs 6,000 crore, the company said

With Go First gone, rivals Air India, IndiGo, others ramp up flights

The government of India has also allotted cash-strapped Go First slots after representations that airports will lose money if they are not utilised

Coal India to phase out mining equipment imports that costs Rs 4,500 cr

In a boost to domestic manufacturing of earth-moving equipment used in mines, Coal India Ltd has decided to phase out imports over a period of 5-6 years, the Coal Ministry said on Monday.

Apax Funds to buy stake in travel tech firm IBS Software from Blackstone

To acquire Blackstone's minority stake in the software-as-a-service solutions provider

SC defers hearing of Adani-Hindenburg case; extension to Sebi yet uncertain

The deadline was sought by the regulator to complete the probe of the allegations in the Hindenburg report

Janus Henderson marks down PharmEasy's valuation by half to $2.8 bn

Neuberger Berman, another US investor, earlier marked down valuation of shares it holds in online pharmacy's parent

Patel Engineering net profit grows to Rs 84.3 cr in March quarter

The company's revenues from operations also surged to Rs 1,298.34 crore, from Rs 1,111.6 crore in the year ago quarter

George Soros's firm among top bidders to acquire Vice out of bankruptcy

Vice's rapid downfall underscores the challenges facing digital media companies, which are struggling as advertisers cut spending during an uncertain economy

Allegations that we have been investigating Adani since 2016 baseless: Sebi

Sebi also sought an extension of the deadline to complete the probe to ensure 'carriage of justice'

iPhone 15 series: Apple's upcoming phones to be made in India by Tata Group

According to TrendForce, Tata Group is expected to become the fourth iPhone assembler for Apple. Currently, Foxconn, Luxshare, and Pegatron assemble iPhones for Apple in India