Page 1511 - Company News

Embassy Office Parks REIT to invest Rs 300 crore on green initiatives

Embassy Office Parks REIT said it has committed over Rs 300 crore for ongoing green initiatives across its commercial projects

IBC provisions cannot be turned into debt recovery proceeding: NCLAT

NCLAT said the provisions of the Insolvency & Bankruptcy Code cannot be turned into a debt recovery proceeding as the idea of this special code is to bring a debtor company back on its feet

Mahindra & Mahindra sells over 6% stake in Mahindra CIE Automotive

Mahindra & Mahindra on Monday said it has sold over 6 per cent stake in Mahindra CIE Automotive

Shriram Finance aims to raise $2.44 bn in FY24 to fund growth: Official

The retail non-banking finance company (NBFC) aims to grow its assets under management (AUM) by 15% in fiscal 2024 to around 1.9 trillion rupees to 2 trillion rupees

Warehousing developer Pragati Group raises $200mn from Singapore based fund

The Singapore based fund has committed to invest $200 Million with Pragati Group towards development of industrial and logistics real estate assets as per the deal signed in Q3 FY 2022

SC to hear Torrent plea against NCLAT allowing 2nd RCap auction on March 20

The second-round auction, scheduled for March 20, will not take place now, further delaying the resolution process of RCAP

BrightNight, ACEN ink $250 mn pact for India renewables buildout

BrightNight and ACEN will partner to develop and build differentiated hybrid wind-solar projects, with a calibrated use of energy storage, that operate around the clock

SVB collapse brings Softbank's startup financing under investors' lens

Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem

Nokia join hands with Netplus to deliver broadband services in India

Nokia on Monday announced that it has entered into a partnership with Netplus Broadband, an Internet Service Provider (ISP), to deliver future-proof and world-class broadband services in India

Hyundai Motor considers buying General Motors India's Talegaon plant assets

A Term Sheet has been signed for the potential acquisition of identified assets of the plant like land and building, certain machinery and equipment situated at the General Motors India's plant

Paytm monthly transacting users surge to 89 mn, leads offline payments

Leading digital payments and financial services company Paytm on Monday announced its business operating performance for the two months ended February 2023

Toys 'R' Us re-enters India, will offer global brands before year-end

Is working on omnichannel model, will have smaller stores here than abroad; will also sell toys made in India by global players by the end of Calendar 2023

Import dependency for AC compressors may fall to 15% by 2027-28

Domestic manufacturing from month-end under PLI scheme to lower dependence from 85%

Managing director Mohanty named LIC interim chairperson as Kumar era ends

Takes charge on March 14 for three months, faces challenges of LIC's falling market share and share price, apart from depleted value of its holdings in Adani group

Govt likely to miss divestment target as Hindustan Zinc sale delayed

With the government's offer for sale plans in HZL in limbo, it is unlikely that the disinvestment would happen by March

Welspun India seeking opportunity in kids segment through pact with Disney

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company

Adani-Hindenburg saga: Over dozen involved in short-selling under Sebi lens

Fund source, disclosures being examined

Hybrid energy project likely to start by 2024, says Jindal Stainless MD

The 300 MW hybrid project in partnership with ReNew is expected to commence operation in the next 18 months, Jindal Stainless Managing Director Abhyuday Jindal has said

Adani block deal helps FPIs investment into equities turn positive in March

Reversing their selling trend, foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners

Silicon Valley Bank fallout: Paying staff first challenge for start-ups

Y Combinator says over 100,000 jobs within its community at risk