Page 1422 - Company News

Go First airline asks NCLT to pass urgent order on insolvency plea

Lessors have moved application to repossess aircraft during legal proceedings, says company's lawyer

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

Physics Wallah to invest Rs 100 cr in a bid to boost UPSC test preparation

Ed-tech platform Physics Wallah said it plans to invest Rs 100 crore towards strengthening its UPSC vertical, and launched the first centre for for UPSC test preparation in Rajinder Nagar area here

Aditya Birla Capital to consider raising of funds; board meeting on May 11

The board of directors will also consider and approve the audited standalone and consolidated financial results of the company

Canara Bank consolidated net profit jumps 74% to Rs 3,337 cr in March qtr

The Bengaluru-based lender had reported a net profit of Rs 1,918.80 crore in the year-ago period

JSW Steel to consider raising of long-term funds; board meeting on 19 May

The board will also consider the recommendation of payment of dividends on the equity shares

US investment firm Invesco slashes Swiggy valuation by 33% to $5.5 billion

This is the second time Invesco has trimmed the valuation of Swiggy, which is backed by SoftBank and Prosus

DGCA issues notice to Go First, asks airline to stop selling tickets

'Why not cancel your licence?' regulator asks Go First which has filed for insolvency

Birla Estates buys 28.6-acre land in K'taka for project worth Rs 3,000 cr

Birla Estates is the real estate arm of the Aditya Birla Group

Air India extends voluntary retirement offer for employees till May 31

Air India extended a voluntary retirement offer for its non-flying staff till May 31. This is the third such offer by the group after it took control of the airline in January last year

Go Airlines gets portion of aircraft hull insurance premium from insurers

The Wadia group's low cost Go Airlines (India) got a portion of its aircraft hull insurance premium from its insurers, said a top official.

MakeMyTrip brings generative AI for travel bookings, ties up with Microsoft

MakeMyTrip plans to expand the platform to other Indian languages, such as Bhojpuri and various southern dialects, in the near future

JC Flowers ARC makes claim on Subhash Chandra's no-compete fees

ARC says no-compete fees received from Sony should be used to repay local debt

Betterhalf plans to hire 100 employees, strengthen leadership team

Matrimony super app Betterhalf on Monday said it will expand the leadership team and increase the current headcount of 150 employees to 250

Switzerland' Logitech appointments Anand Lakshmanan as its India Head

Switzerland-based tech firm Logitech on Monday announced the appointment of Anand Lakshmanan as its India Head.

Servotech Power Systems' Q4 profit jumps multi-fold to Rs 6 crore

Clean energy solution provider Servotech Power Systems on Monday posted multi-fold jump in consolidated net profit to Rs 6.05 crore for March quarter 2022-23 on the back of higher revenues

Greenply Industries to enter into a joint venture agreement with Samet BV

The company to invest around Rs 34 crore in joint venture over the next 4 years

Edtech firm Cuemath lays off 100 employees; founder returns as CEO

Edtech companies laying off employees to conserve cash and focus on profitability

First C295 for India completes maiden flight: All you need to know

India acquired 56 C295 aircraft in September 2021 to replace the (IAF) legacy AVRO fleet

Brookfield weighing stake sale in Indian tower business, says report

Brookfield and its institutional partners completed their acquisition of the telecom tower unit of billionaire Mukesh Ambani's Reliance Industries Ltd. for about $3.4 billion in 2020