Page 1405 - Company News
ONGC discovers crude oil, natural gas in in two blocks in Mumbai offshore
The discoveries, which have been named 'Amrit' and 'Moonga', were made in the blocks that the company won in recent open acreage licensing rounds
 "ONGC discovers crude oil, natural gas in in two blocks in Mumbai offshore")
Let's get business running, crisis-hit Go First's IRP tells staff
The airline has indicated to the civil aviation ministry it would be able to start operations in around two weeks
 "Let's get business running, crisis-hit Go First's IRP tells staff")
Adani Group promoters won't take on debt to fund expansion, growth
'Measured growth' the new buzzword for the group
 "Adani Group promoters won't take on debt to fund expansion, growth")
Three Adani firms consider raising up to $5 bn after $2.5 bn share sale
The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise
 "Three Adani firms consider raising up to $5 bn after $2.5 bn share sale")
Ajmera Realty & Infra profit up 7.9% in Q4FY23, income down 36.7%
However, for the full year, total income fell to Rs 440.63 crore in FY23 from Rs 489.11 crore in FY22
 "Ajmera Realty & Infra profit up 7.9% in Q4FY23, income down 36.7%")
Nexus Select Trust's initial public offering garners 5.4 times subscription
The REIT plans to utilise the net proceeds of the fresh issue portion to repay debts and to acquire stakes and redeem debt securities in certain asset special purpose vehicles
 "Nexus Select Trust's initial public offering garners 5.4 times subscription")
Innokaiz India gets listed on BSE SME Platform, takes tally of cos to 435
Leading bourse BSE's small and medium enterprises (SMEs) platform on Thursday announced the listing of Innokaiz India, taking the tally of such listed companies on the exchange to 435
 "Innokaiz India gets listed on BSE SME Platform, takes tally of cos to 435")
Jay Bharat Maruti to invest in 2 manufacturing plants in Haryana, Gujarat
The company will invest nearly Rs 300-350 crore in a phased manner in line with its customer's growth strategy
 "Jay Bharat Maruti to invest in 2 manufacturing plants in Haryana, Gujarat")
India accounts for over 75% of Truecaller's net sales in Q1, avg users jump
India accounted for 75.5 per cent of the total net sales of Truecaller across revenue streams -- Truecaller for Business, Premium subscriptions and Ads -- in the first quarter of this year
 "India accounts for over 75% of Truecaller's net sales in Q1, avg users jump")
Start-up registrations near 100K-mark, no. of new ventures up since Covid
Top 5 sectors, including IT services, and health care, account for third of registered start-ups
 "Start-up registrations near 100K-mark, no. of new ventures up since Covid")
Adani looks to raise $ 2-2.5 bn in first share sale since Hindenburg
Adani's conglomerate to raise $ 2-2.5 bn through equity share sale in bold comeback strategy after ports-to-energy conglomerate was rocked by allegations of fraud levelled by US short seller
Discounts, incentives not funded by govt money, clarifies ONDC CEO Koshy
Recently, ONDC has gained a lot of traction because of the stiff competition it is posing to major food aggregators like Swiggy and Zomato
 "Discounts, incentives not funded by govt money, clarifies ONDC CEO Koshy")
'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis
SMBC, along with firms such as Jackson Square Aviation and Bank of China Aviation, raised the alarm after a tribunal gave Go Airlines (India) Ltd bankruptcy protection to allow it to revive itself
 "'Risky jurisdiction': Aircraft lessors raise alarm over Go First crisis")
Amp Energy India bags 150 MW hybrid project from CESC via subsidiary
Amp Energy India on Thursday said it has won a 150 MW hybrid energy project from CESC Limited
 "Amp Energy India bags 150 MW hybrid project from CESC via subsidiary")
Siemens reappoints Sunil Mathur as MD & CEO; Spindler re-appointed as CFO
Sunil Mathur is the managing director and chief executive officer of Siemens Limited since 1 January 2014
 "Siemens reappoints Sunil Mathur as MD & CEO; Spindler re-appointed as CFO")
ONDC records 500-fold rise in transactions to over 25,000 orders since Jan
ONDC has also expanded its geographic footprint from 85 cities at the start of the year to over 230 now.
 "ONDC records 500-fold rise in transactions to over 25,000 orders since Jan")
The non-IT and IT services account for 54% of Smartworks' business
For Smartworks, the non-IT and IT services already account for 54% of their business. This is far higher than the broader real estate market, where they account for 40% of the inventor
 "The non-IT and IT services account for 54% of Smartworks' business")
Ajmera Realty & Infra net profit rises 8% to 15 cr in March quarter
On operational front, the company's sales bookings rose 95 per cent to Rs 842 crore last fiscal from Rs 431 crore in the previous year
 "Ajmera Realty & Infra net profit rises 8% to 15 cr in March quarter")
Mahindra Logistics starts cargo charter operations in Middle East
The charter business will be an independent division serving customers and partners across multiple verticals and geographies, Mahindra Logistics Ltd said in a statement
 "Mahindra Logistics starts cargo charter operations in Middle East")
Aditya Birla Capital Q4 net up 35%, to raise upto Rs 3,000 cr in equity
The fund raised through equity offering would be used for supporting growth in lending and insurance businesses
 "Aditya Birla Capital Q4 net up 35%, to raise upto Rs 3,000 cr in equity")