Page 1435 - Company News

CBI seizes Rs 20 cr in cash from premises of former CMD of WAPCOS Limited

Gupta was booked recently for amassing assets disproportionate to his known sources of income

IT employees union NITES urges Nasscom to act against job frauds

NITES in a letter to NASSCOM sai the increasing number of frauds and scams are targeting thousands of fresher's and experienced employees in the IT sector

Airtel Payments Bank partners NPCI to roll out face authentication for AePS

Airtel Payments Bank said it has collaborated with the National Payments Corporation of India (NPCI) to roll out face authentication for the Aadhaar-enabled Payment System at its 5 lakh banking points

Fino Payments Bank's net profit jumps 25% to Rs 22.08 cr in March quarter

Its operating expenses rose to Rs 287 crore from Rs 263 crore in the year-ago period, the payments bank said in a statement

Tata Steel flags risk to UK operations' status as a going concern

Discussions with the UK government on support for the transition had been on for almost three years now

Go First decides to cancel flights for three days starting Wednesday

Cash-strapped airline Go First has decided to cancel all its flights for three days starting from Wednesday, extending the suspension of operations by one more day, according to a communication

Adani group report: Petitioner opposes six-month extension to Sebi

Sebi, which was set to file a status report in the matter on May 2, asked top court to give it six more months to complete its probe into short-seller Hindenburg Research's allegations against Adani

Tata Steel Q4 net profit down 82% to Rs 1,704.86 crore but beats estimates

In Q4FY23, Tata Steel Europe reported an EBITDA loss of Rs 1,641 crore. In the previous quarter, EBITDA loss had stood at Rs 1,551 crore

Godrej Consumer Products plans to raise Rs 5,000 crore via NCDs

This is the 14th acquisition by the Godrej group firm for the expansion of the portfolio. Its last big acquisition was Strength of Nature LLC in 2016

Punjab & Sind Bank Q4 results: Net profit jumps 32% to Rs 457 crore

The bank in its exchange filing on Tuesday mentioned that sequentially net profit of the bank jumped 23 per cent from Rs 373 crore reported in the October-December period

Ola Electric clocks highest-ever sales of over 30,000 units in April

Ola is actively augmenting its offline presence through the establishment of numerous Ola Experience Centers (ECs) throughout India to accelerate the adoption of electric vehicles in the country

NCLAT sets aside CCI penalty on ITC for not furnishing info on Savlon deal

ITC had 2017 acquired the antiseptic brand Savlon and the personal care product brand Shower To Shower from Johnson & Johnson Private

Airtel to merge Sri Lanka ops with Dialog to make nation's largest telco

Merging operations with Dialog is expected to give Airtel access to a larger user base in island nation

Prudent to wait for judiciary to run its course on Go First, says Scindia

He noted that it is unfortunate that this operational bottleneck has dealt a blow to the airline's financial position

Tata Play's confidentially filed IPO gets market regulator Sebi go-ahead

Following the issuance of the observation letter, Tata Play will now have to file an updated draft red herring prospectus (UDRHP-1) before it launches its IPO

Tata Play, ideaForge Technology get Sebi's go ahead to float IPOs

This route also provides flexibility to change the primary issue size by 50 per cent till the Updated Draft Red Herring Prospectus (UDRHP) stage

Spandana Sphoorty's net profit rises 268% to Rs 105 cr in March quarter

The overall assets under management stood at Rs 8,511 crore as of March 31, 2023, against Rs 6,581 crore in the year-ago period

DGCA issues show cause notice to Go First after airline cancel flights

Aviation regulator DGCA on Tuesday issued a show cause notice to Go First after the airline decided to cancel flights for two days amid a severe financial crunch

Apollo Micro Systems to subdivide its shares in 1:10 ratio on May 4

Shares of the company on Tuesday ended 5 per cent up at Rs 328.75 apiece on BSE

Q4 results: Adani Total Gas logs 21% rise in net profit over CNG sales

The company has pushed for an aggressive expansion of CNG stations at a time when piped natural gas volumes have dropped