Page 1555 - Company News

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.

Rishabh Instruments gets Sebi's nod for IPO, to be listed both on NSE, BSE

Rishabh Instruments, a global energy efficiency solution company, has received capital markets regulator Sebi's nod to mop-up funds through an initial public offering (IPO).

India's TWS shipments register 85% growth in 2022, boAt leads: Report

India's TWS (True Wireless Stereo earbuds) shipments registered 85 per cent (year-on-year) growth in 2022, with boAt leading the market for the third time in a row, a new report showed on Tuesday.

Ed-tech company NxtWave raises $33 million to upskill Indian youth

Edtech company NxtWave on Tuesday said it has raised $33 million in its latest fundraising round, led by Greater Pacific Capital (GPC), in its bid to upskill more youth in the country.

RCap Resolution: NCLAT concludes hearing, reserves order on lenders' plea

Senior advocate Mukul Rohatgi, representing Torrent Investments concluded his arguments and submitted that the Insolvency & Bankruptcy Code (IBC) intends for maximisation of the value

SpiceJet board to consider fundraising to cover outstanding liabilities

SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company.

Nation needs to embrace compassionate capitalism: Narayana Murthy

Touching upon the issue of layoffs, Murthy said that it seems to have become a worldwide phenomenon as several companies are indulging in it

Lupin Pharma launches Lurasidone Hydrochloride Tablets in US

The generic equivalent of Latuda tablets has been launched in the US markets

MakeMyTrip experimenting with ChatGPT to boost customer experience

Global travel service provider MakeMyTrip is experimenting with AI chatbot ChatGPT to see if its integration can make customer experiences and their vacation planning better on the platform

EV charging revenue likely to exceed $300 bn globally by 2027

The global electric vehicle (EV) charging revenue is likely to exceed $300 billion by 2027, up from $66 billion in 2023, a report showed on Tuesday.

Intangles raises $10 mn in series A funding from Baring PE Partners

The funding will be utilised for serving a robust new customer pipeline, expanding global presence and accelerating hiring to augment product engineering, sales and delivery teams, Instangles said

Intangles Lab raises $10 million in funds from Baring Private Equity

Predictive analytics solutions provider Intangles Lab said it has raised USD 10 mn in funding from Baring Private Equity Partners India for expanding its global presence and accelerate hiring.

Scrut Automation raises $7.5 mn in funding round led by MassMutual Ventures

Scrut Automation CEO and Co-Founder Aayush Ghosh Choudhury told PTI that the fresh round of funding took place at 4 times higher valuation compared to the last funding round a year ago

RoC to check GoMechanic's books amid allegations of irregularities: Report

According to the Companies Act, Section 264 (4), the RoC has the authority to conduct an inquiry into the affairs of a company in line with directions from the Ministry of Corporate Affairs (MCA)

NTPC Green Energy to raise up to Rs 9,000 cr through rupee term loan

The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost

DMRC to handover feeder e-buses to Delhi govt from April onwards: Official

Delhi Metro will start handing over its fleet of 100 feeder e-buses to the city government from April, a senior official said on Tuesday.

ACME, Japan's IHI Corporation tie up for business in green hydrogen

Both the companies will also explore opportunities to jointly offer a complete integrated solution to customers, from green ammonia supply, bunkering and products or solutions for various applications

Tech giant Microsoft working to launch new version of Teams next month

Microsoft will reportedly launch a new version of "Microsoft Teams" next month, to improve its system resource usage on PCs and laptops.

Combined equity market value of 10 Adani Group firms slips below $100 bn

Billionaire Gautam Adani and his companies have hired legal and communication teams, cut expenses and repaid debt as they seek to calm traders concerned about the group's access to financing