Page 1401 - Company News

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

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.

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.

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

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

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

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.

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

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.

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

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

Wipro is largest unsecured creditor of crisis-hit Vice Media, says report

The media group owes Wipro $9.9 million after the latter won an arbitration award

Maintaining high loan growth difficult, but book will grow robustly: ABCL

Maintaining high loan growth seen in FY23 will be difficult for Aditya Birla Finance, but company is confident of growing book robustly given opportunities it sees in the market, top official said

Reliance Chemotax board to meet on May 26, decide on dividend for FY23

The directors will also consider and deliberate on the audited financial results of the company for the March quarter of the previous financial year

Out of 0.2 mn developers around 60 pay service fee above 15%: Google

Google defended its position on Play Store fee for developers and its stance on user choice billing policy, saying that service fees are actually lowest among major app stores

Saint-Gobain signs PPA with Vibrant Energy for 189 GW of green power

Construction and industrial products major Saint-Gobain has signed a power purchase agreement (PPA) in India with Vibrant Energy to provide wind-solar electricity to six local sites

NCLT to hear Spicejet insolvency plea on May 25 as talks with lessor fail

Tribunal gives SpiceJet a week to respond to Dublin-based Aircastle, which sought initiation of insolvency proceedings against the airline under IBC over unpaid dues of Rs 49 crore

Jubilant FoodWorks net profit for Q4 falls by 70% to Rs 28.54 crore

Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore in the March quarter, impacted by higher expenses and raw materials cost

Jet Airways looks into abyss as JKC fails to renew its flying permit

Air operator's permit (AOP) is a prerequisite for any airline to commence commercial operations

IKEA, HDFC to launch financing options to make products more affordable

The scheme offers consumers EMI options with a mix of no-cost and low-cost solutions ranging from three to 30 months