Page 1554 - Company News

Spicejet to consider capital raise amid losses, market share battle

Spicejet's market share slipped to 7.3% in January from 7.7% in December

Rajan Amba to take over as JLR managing director, succeeds Rohit Suri

Appointment comes at a time when JLR is facing supply chain issues hampering its production

HSBC's pre-tax profit jumps 15.04% to $1.277 bn in India for 2022

The bank had reported a pre-tax profit of USD 1.11 billion from its operations in India, which continues to be fourth largest contributor for group profits, in 2021

World-class firms need world-class governance, says Sequoia India MD

Anandan also reiterated that if one has decided to do fraud then even the Big four audit firms can also not do much

FreshToHome raises $104 million from Amazon Smbhav Venture, others

Startup FreshToHome has raised $104 mn from Amazon Smbhav Venture Fund and other investors to expand business including opening up of 100 physical retail stores

With peak summer season ahead, Voltas may see volumes and margin gains

Q3 was disappointing on account of one-offs, margins pressures

E-commerce firm FreshToHome bags $104 mn amid long funding dry spell

Launched in 2015, FreshToHome operates in over 160 cities in India and the UAE. It offers more than 2,000 certified fresh and chemical-free products

Adani Transmission to announce debt refinancing plans in a few weeks

Adani Transmission will announce debt refinancing plans in a few weeks, executives said on Tuesday in an investor call, according to a source with direct knowledge of the matter

Near-term demand worries in replacements biz cloud Apollo Tyres' outlook

There could be some margin relief on account of falling input costs

Usha International looks to close FY23 with around Rs 3,800 cr revenue

Presently 45 per cent of Usha International's business comes from the fan segment, while the rest is contributed by others

Sapphire Foods to increase stake in Maldives-based GFIPL from 51% up to 75%

Sapphire Foods India Ltd (SPIL) announced to increase its stake in GIFPL to 75 per cent from the current 51 per cent Gamma Island Food Private Ltd operates Pizza Hut and KFC restaurants in Maldives

GQG Co-founder Rajiv Jain is creating an investing empire in Florida

In 2022, when most asset managers watched clients yank cash from their funds as markets cratered, GQG thrived

5G rollout to be longer and costlier without 6GHz spectrum access: COAI

Industry body representing telcos argues that 6GHz is the last remaining mid-band spectrum range where city wide coverage can be provided with mobile networks

Sanjay Nayar assumes position of vice-president of Assocham

Assocham has announced the appointment of global financial markets expert Sanjay Nayar as its new vice-president

Game streaming platform Loco joins Avalanche Multiverse incentive programme

Launches a subnet to offer a suite of Web3 products

India's HPCL faces challenges paying for Russian oil as banks baulk: Source

India's state-run Hindustan Petroleum Corp is facing difficulties in paying for Russian oil imports following a Dec. 5 price cap imposed by Western nations as banks shy away from processing payments

$3 billion investments, trade took place in past BioAsia events: K T Rao

$3 billion worth of investments and trade took place during the past 19 editions of BioAsia, a flagship annual life sciences convention, and the 20th edition is set to be held from February 24 to 26

Unicorn club: From 1mg to InMobi, here're 100-plus start-ups in India

Bengaluru-based neo-bank platform 'Open' became India's 100th unicorn in May 2022

Adani Ports to prepay Rs 1,000 cr on commercial papers due in March

"This part prepayment is from the existing cash balance and funds generated from the business operations," the spokesperson said in an email response

Baring Private Equity India pays Rs 16.57 lakh to settle case with Sebi

Baring Private Equity India Investment Manager LLP has settled with markets regulator Sebi a case pertaining to alleged flouting of AIF rules.