Page 1421 - Company News

Zomato shares sink 6% after rival food delivery aggregator Swiggy markdown

Zomato ended the session at Rs 60.94 (BSE), valuing the food delivery company at Rs 52,281 crore

Hiring demand among start-ups up 19% since April 2022: Report

Hiring demand was highest in edtech, internet, BFSI, and media and entertainment, according to the report called Insights Tracker. Healthcare and BPO start-ups showed negative hiring intent

PESB recommends Parminder Chopra for PFC Chairman, Managing Director post

Parminder Chopra is set to head Power Finance Corporation (PFC), with PESB recommending her name for post of Chairman and Managing Director (CMD) of the state-owned non-banking financial institution

CG Power and Industrial board approves manufacturing capacities expansion

The Board of CG Power and Industrial Solutions Ltd has given its consent to expand the manufacturing capacities of motors at its facilities, the company said

JP Associates defaults on Rs 3,956 cr loans; says taking steps to cut debt

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 3,956 crore, including principal and interest amount

Gabriel India ties up with Inalfa to manufacture sunroofs for PVs

Auto component maker Anand Group said its unit Gabriel India has inked a technical collaboration with Netherlands-based Inalfa Roof Systems to manufacture sunroofs for the passenger vehicles

Nam Estates-Embassy One merger faces delay, says Indiabulls Real Estate

The company's market valuation fell Rs 748.59 crore to Rs 2,997.63 crore

Delhi HC upholds tribunal ruling favouring Reliance in gas sale case

Delhi HC uphelds ruling of an arbitration panel favouring RIL and its foreign partners in dispute over gas migration from fields operated by Oil and Natural Gas Corp Ltd, court order shows

Stride Ventures raises $100 mn for onlending to new-age companies

The company statement said the Indian venture debt market is expected to witness an annual deployment of over USD 3 billion by 2025

Raymond Q4 profit falls 26% to Rs 196.5 cr, income rises 10% to Rs 2,150 cr

In the March quarter, Raymond's revenue from the textile segment stood at Rs 901.79 crore and it was Rs 187.15 crore from shirting

Maruti Suzuki sees digital share in ad spends stabilising at about a third

On the digital side, there is a lot of traction for short form video content which is less than 30 seconds long and the company is also looking at reels on a case-to-case basis

Mankind Pharma Ltd surges 23% in Mumbai debut after a $529 mn IPO

Mankind's deal marks the return of mid-to-large-sized debuts in India

Standard Chartered to hire 100 staff for new China investment banking unit

The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this year once it is cleared by local regulators, said John Tan

Mitsubishi Electric, Tamil Nadu tie up for Rs 1,895 cr manufacturing unit

Deal will set up Mitsubishi Electric's first AC and compressor facility in India

Delhi HC dismisses Centre's plea accusing RIL of 'unjust enrichment'

Judge Anup Jairam Bhambhani today upheld the decision and said that the case calls for 'no interference'

Adani group to prepay $130 mn debt in order to boost investor confidence

Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation

Three Adani Group firms lose endorsement of UN-backed climate group

Adani Green, Adani Transmission Ltd. and Adani Ports & Special Economic Zone Ltd. were removed in late April

Avaada Energy bags 280 MW solar project from Rajasthan Urja Vikas Nigam

The plant will generate about 500 million units per annum which will help to reduce 4,65,500 tonnes of CO2 equivalent emissions annually

Stride Ventures announces first close of third venture debt fund at $100 mn

Firm invests in startups that exhibit robust business models and strong unit economics

Japan's Mitsubishi Electric to build plant in Tamil Nadu for $231 million

The Indian arm of Japan's Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil Nadu