Page 1425 - Company News
Temasek considers investing $100 million in jeweller BlueStone: Report
The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic
 "Temasek considers investing $100 million in jeweller BlueStone: Report")
JSW Energy, SECI sign agreement for 300 MW wind power projects
The projects are located in Maharashtra and expected to be commissioned in next 24 months, the company said
 "JSW Energy, SECI sign agreement for 300 MW wind power projects")
ASAP Kerala enters agreement with US based tax agency to employ EA students
According to the agreement, H&R Block will provide employment to those studying EA course along with or after their studies
 "ASAP Kerala enters agreement with US based tax agency to employ EA students")
TVS Credit to focus on enhancing leveraging data, technology for experience
"With an expanding customer base of over one crore, our emphasis will remain on enhancing the customer experience, leveraging data and technology," he said
 "TVS Credit to focus on enhancing leveraging data, technology for experience")
MSCI to lower free float of two Adani companies in its May index review
MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%
 "MSCI to lower free float of two Adani companies in its May index review")
ED acting on 'malafide' FIR related to 10-yr-old case: Manappuram Finance
He also clarified that the total value of shares attached by ED is worth approximately Rs 2,000 crore, not around Rs 140 crore as stated
 "ED acting on 'malafide' FIR related to 10-yr-old case: Manappuram Finance")
Adani Power Q4 results: Net profit rises 12.9% to Rs 5,242 crore
Consolidated total revenue higher by 35.8 per cent at Rs 43,041 crore in FY23 against Rs 31,686 crore in FY22
 "Adani Power Q4 results: Net profit rises 12.9% to Rs 5,242 crore")
ABFRL to acquire controlling stake in TCNS Clothing for Rs 1,650 crore
Kumar Mangalam Birla, chairman, Aditya Birla Group, said in the release, "This deal is yet another marker of the Aditya Birla Group's faith in the dynamism and buoyancy of the Indian consumer economy"
 "ABFRL to acquire controlling stake in TCNS Clothing for Rs 1,650 crore")
Rana Group to invest Rs 1,900 cr in electric vehicle business in phases
The group announced the opening of 101 showrooms pan India and started billing electric three-wheelers to end customers
 "Rana Group to invest Rs 1,900 cr in electric vehicle business in phases")
Lupin to acquire French pharma company Medisol for around Rs 160 crore
The company has entered into a definitive agreement to acquire the entire share capital of Medisol, subject to approval from the French Ministry of Economy and Finance
 "Lupin to acquire French pharma company Medisol for around Rs 160 crore")
India witnesses 18% surge in weekly cyber attacks in Jan-Mar 2023: Report
While the global weekly attacks saw an increase of seven per cent during the reported quarter versus the same quarter last year with each organisation facing an average of 1,248 attacks per week
 "India witnesses 18% surge in weekly cyber attacks in Jan-Mar 2023: Report")
DCB Bank's net profit increases 25% to Rs 142 crore in March quarter
The Gross NPAs as of March 31, 2023, were 3.19 per cent. Net NPA was at 1.04 per cent as of March 31, 2023
 "DCB Bank's net profit increases 25% to Rs 142 crore in March quarter")
Go First extends flight cancellations till May 12, awaits NCLT's order
The extension comes as the National Company Law Tribunal reserved its order on Go First's plea for an interim moratorium
 "Go First extends flight cancellations till May 12, awaits NCLT's order")
NCLT to hear two insolvency petitions filed against Go First on May 8
As Go First awaits the NCLT ruling on its voluntary insolvency resolution plea, the tribunal is set to hear on Monday two petitions seeking insolvency proceedings against the crisis-hit airline
 "NCLT to hear two insolvency petitions filed against Go First on May 8")
KFin Technologies' profit rises to Rs 196 crore, revenue up 13% in FY23
For the fourth quarter (Q4), the revenues from operations stood at Rs 183 crore, up 1.3 per cent year-on-year
 "KFin Technologies' profit rises to Rs 196 crore, revenue up 13% in FY23")
Manappuram Finance faces reputational risk amid probe, says S&P
May impact investor confidence, Stock tanks 11.45% on BSE
 "Manappuram Finance faces reputational risk amid probe, says S&P")
Olectra Greentech net profit rises 52% to Rs 27 cr in March quarter
For FY23, the consolidated revenue increased 84 per cent to stand at Rs 1,090.76 crore as compared with Rs 593.26 crore in the year-ago period
 "Olectra Greentech net profit rises 52% to Rs 27 cr in March quarter")
Piramal Enterprises loss widens to Rs 196 cr on dip in Shriram investment
The Piramal Enterprises scrip closed 2.87 per cent at Rs 735.55 apiece on BSE, as against a 1.13 per cent correction on the benchmark
 "Piramal Enterprises loss widens to Rs 196 cr on dip in Shriram investment")
Blue Dart Express net profit falls 49% to Rs 69 crore in March quarter
Its total income rose to Rs 1,225.22 crore from Rs 1,169.52 crore in the January-March period of FY22
 "Blue Dart Express net profit falls 49% to Rs 69 crore in March quarter")
Tata Group airlines see most improvement in on-time performance in April
IndiGo, India's largest carrier, saw its on-time performance fall from 92.43 per cent in March to 89.97 per cent in April
 "Tata Group airlines see most improvement in on-time performance in April")