Page 1541 - Company News

Bombay HC quashes money laundering case against Jet Airways founder, wife

In a huge relief for former Jet Airways Chairman Naresh Goyal and his wife Anita Goyal, the Bombay High Court on Thursday quashed the Enforcement Directorate (ED)'s case

Vertex Hydrogen to supply over 1,000 MW of hydrogen to UK industries

Vertex Hydrogen is a leader in the energy transition, developing the UK's first large scale, low carbon hydrogen production hub at Essar's site in Ellesmere Port

Eye on profitability, quick commerce firms turn into brand magnets

Attract advertisers to their platforms while also focusing on core business and scaling up

Indian footwear retailer Metro hiring up to 2,000 store workers, says CEO

The company, which had 720 stores as of end-2022 and nearly 4,000 employees overall, said last March it would add 260 new stores that sells brands such as Mochi, Walkaway and Metro

Ekart to offer warehousing services to brands, manufacturers and retailers

The end-to-end warehousing services by Ekart will include ready-to-use warehousing space, order management, integrated logistics, and inventory management

Match Group in talks with Shaadi.com for a possible partnership: Report

Match Group has a total market cap of $11.85 billion and owns brands including Tinder, Hinge, Match, OKCupid, Plenty of Fish, and OurTime

Olectra Greentech in partnership with Reliance unveils Hydrogen bus

In the wake of the depletion of natural resources and the negative impacts of air pollution and emissions, Olectra has taken the initiative to accelerate the development of Hydrogen-powered buses

Fibe crosses Rs 10,000 cr in loan disbursals, aims to double AUM every year

Launches upgraded app with conversational user interface as firm turns seven

ESG reporting by Indian corporates has improved by 160%, shows research

Environmental, Social, and Governance (ESG) reporting by Indian corporates has improved by 160 per cent, CareEdge Research said

Truckers transporting cement say Hindenburg report godsend in Adani dispute

For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh resorted to protest rallies against Adani's Dec. 15 decision to shut two cement plants over a dispute on freight rates

Global media outlet NPR plans to lay off 100 employees as revenue declines

Global media outlet NPR plans to lay off about 10 per cent of its current workforce, about 100 employees, as its financial outlook has "darkened considerably over recent weeks."

Wipro President Rajan Kohli resigns after nearly three decades: Report

Kohli was the president of Wipro's Integrated Digital, Engineering, and Application Services Business Line (iDEAS), and led a team of over 100,000 employees

Banks, bondholders to recover less from insolvencies under new proposal

Secured creditors, typically banks and bondholders, would continue to have first claim on proceeds of an insolvency resolution plan, but only up to the liquidation value of the corporate debtor

Tata Motors in talks to raise $1 bn via stake sale in EV business: Report

Indian carmaker, Tata Motors has begun discussions with soverign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division

Hindenburg fallout: Adani Group decreasing exposure to Indian banks

Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a fourth is from domestic banks

Fresh blow to Adani after Wikipedia claims entries on group manipulated

In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles on the Adani family and their businesses

Adani's older brother plays opaque, powerful role at embattled dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates

Sri Lanka investment board approves $442-mn Adani Green wind power plants

Sri Lankans have been struggling with rolling powers cuts for over a year as the country struggled to generate sufficient amounts of thermal and coal power

Costly home loans pinch realtors, worry about financial closure of projects

According to experts, returns from residential projects have come down from 20-30 per cent before the pandemic to 8-10 per cent in today's market

Retail space demand to rise further, rents to surge 15% in 6 mnths: Experts

Retailers Association of India says retail market size is expected to touch $2 trn by 2032; also, retail sales surpassed pre-pandemic and grew by 19% in 2022