Page 1423 - Company News

General Atlantic to deploy up to $1 bn in new investments in India

The private equity firm manages about $71 billion of assets globally

Essar Oil & Gas invests in microbial eCBM technology to boost CBM output

EOGEPL announced an investment in microbial eCBM technology to boost coal-bed methane (CBM) production from its CBM block in West Bengal

UPL's profit declines by 42% in March quarter as raw material costs surge

The Mumbai-based company's revenue from operations rose 4.5% to 165.69 billion rupees, with its Latin American operations raking in about 39% of the total revenue

NCLT issues notice to SpiceJet on aircraft lessor's bankruptcy petition

The NCLT issued a notice to SpiceJet on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against budget carrier and next hearing is scheduled for May 17

Automotive firm Stellantis India names Aditya Jairaj as Deputy MD

Global automotive group Stellantis on Monday said it has appointed Aditya Jairaj as the Deputy Managing Director with effect from May 4.

A P&W story: From giving wings to aviation in India to Go First grounding

The celebrated engine-maker has landed in a controversy with Go First blaming it for its bankruptcy

CG Power and Industrial Solutions' Q4 profit after tax rises to Rs 428 cr

CG Power and Industrial Solutions on Monday said its consolidated profit after tax (PAT) rose multi-fold to Rs 428.22 crore in March quarter 2022-23 on account of increased income

Big catching up to do for new players, looking beyond metros: Barista CEO

Unfazed by growing competition from new players as well as international chains, coffee house Barista is now looking beyond metro cities to expand its footprint, according to its CEO Rajat Agrawal

Go Airlines asks firms's tribunal to urgently pass order on bankruptcy plea

Go Airlines asked country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing

Early stage VC firm 3one4 Capital closes its fourth fund at $200 mn

Company invests in SaaS, fintech, digital health and climate technology; has over Rs 6,000 cr in AUM

As Apple slows down hiring, Tim Cook says mass layoffs are 'last resort'

Apple services set an all-time record with $20.9 billion in the March quarter

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Adani's Mundra port cargo adds Rs 80,732 crore to Customs' coffers

As per company officials, with the rising traffic at the port, the customs department is targeting to earn Rs 1.15 trillion by the end of the ongoing financial year

Avighna Group to invest Rs 1,000 crore to develop towers in Mumbai

The two projects will be funded through internal accruals, without seeking any external borrowings or institutional funding, the company said in a statement

Tata Starbucks adds bite-sized food, small portions beverages to its menu

Beverages to start at Rs 185 and food at Rs 160

Grounded Go Air can fly in a week if planes not seized: CEO Kaushik Khona

Go Air - now re-branded as Go First - filed for insolvency protection on Tuesday after half of its Airbus SE A320neo fleet were grounded with engine snags

Govt-backed ONDC looks to take a bite from Zomato and Swiggy plate

ONDC is offering low prices for the same food compared to Swiggy, Zomato

Coal India net profit rises 62% to record Rs 28,125 crore in FY23

Q4 profit slips marginally, Board declares Rs 4 per share dividend

India to become export hub for Skoda Auto from next year, says co official

Czech car maker Skoda Auto has said India will become an export hub for the company as it is set to commence exports of vehicle kits for assembly in Vietnam from next year

Paradip Port eyes top spot among major ports, aims at 150 mt cargo handling

In a bid to conquer the top spot among major ports of the country, Paradip Port Trust is aiming at 150 million tonne of cargo handling this fiscal and implementing a strategy to raise its capacity