Page 1563 - Company News
Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr
Shares of IndiGo finished at Rs 1,986 apiece, down 2.6 per cent over its previous close. Goldman Sachs is the investment bank handling the share sale
 "Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr")
Adani says will complete infra projects on time, focused on financials
Adani Enterprises has strong corporate governance, secure assets and cash flows: Executive
 "Adani says will complete infra projects on time, focused on financials")
Vedanta cuts net debt by $2 billion in FY23 as funding woes linger
Vedanta Resources Ltd. has achieved half of its three-year planned reduction commitment of $4 billion in the first year, the London-based company said in an exchange filing
 "Vedanta cuts net debt by $2 billion in FY23 as funding woes linger")
18% of Indian startups have at least one woman founder: Nasscom report
The Nasscom report reflects on the rising presence of women in Indian start-up ecosystem
 "18% of Indian startups have at least one woman founder: Nasscom report")
With 33% market share, Maruti eyes top slot in SUV space by FY24
At the moment, Tata Motors, Hyundai Motors India and Mahindra and Mahindra lead the SUV market
 "With 33% market share, Maruti eyes top slot in SUV space by FY24")
How secret talks in London led to Air India's gigantic plane order
On Tuesday, Air India provisionally agreed to acquire almost 500 jets from Airbus and Boeing to take on domestic and international rivals
 "How secret talks in London led to Air India's gigantic plane order")
Need to make investments to improve cash flows: Vodafone Idea CEO
He said that all vendors have been very supportive during the difficult period that the company has been going through
 "Need to make investments to improve cash flows: Vodafone Idea CEO")
Why ABB's good fourth quarter numbers may not boost its share price
While global slowdown may limit growth and margins may have peaked, analysts are divided with target prices ranging between Rs 2,820 and Rs 3,370
 "Why ABB's good fourth quarter numbers may not boost its share price")
Indian advertising market to grow 16% in 2023: Pitch Madison report
Second forecast after GroupM's to project double-digit advertising growth; digital biggest advertising category
 "Indian advertising market to grow 16% in 2023: Pitch Madison report")
Lufthansa resumes operations after IT issues grounded hundreds of flights
Deutsche Lufthansa AG is returning to normal flight operations after widespread software problems linked to damaged Deutsche Telekom AG broadband cables grounded hundreds of planes
 "Lufthansa resumes operations after IT issues grounded hundreds of flights")
Sebi introduces issue summary document for filing IPO papers in XBRL format
Sebi introduced the issue summary document for filing papers pertaining to IPO and for further issue of securities in XBRL format
 "Sebi introduces issue summary document for filing IPO papers in XBRL format")
Most of Adani group firms close higher; Adani Enterprises rises 1%
On BSE, Adani Enterprises shares surged 1.61 per cent to close at Rs 1,778.45 apiece, with a market valuation of Rs 2.02 lakh crore
 "Most of Adani group firms close higher; Adani Enterprises rises 1%")
Psychological safety key performance indicator, crucial for India Inc
According to a new report, 34% of the surveyed employees feared burnout, 25% feared failure at psychologically unsafe workplaces
 "Psychological safety key performance indicator, crucial for India Inc")
Mufin raises $7 million in green bond from Symbiotics Investments
Electric vehicle financing firm Mufin said on Wednesday it has raised USD 7 million (around Rs 58 crore) in green bond from Symbiotics Investments
 "Mufin raises $7 million in green bond from Symbiotics Investments")
NTPC plans to raise up to $750 million term loan in JPY denomination
State-owned power giant NTPC plans to raise term loan of USD 750 million (about Rs 6,213 crore) in Japanese Yen (JPY) denomination to finance its capital expenditure on new and ongoing projects
 "NTPC plans to raise up to $750 million term loan in JPY denomination")
With Air India's A350 order, Rolls-Royce makes a comeback in engine market
Currently, the Rolls-Royce-powered fleet of Indian airlines consists of five Embraer ERJs of Star Air and six Boeing 757s of Blue Dart
 "With Air India's A350 order, Rolls-Royce makes a comeback in engine market")
Adani Group hires banks to hold meetings with fixed-income investor
Adani Group companies said in a stock exchange filing that it faces no material refinancing risk and there is no near-term liquidity requirement
 "Adani Group hires banks to hold meetings with fixed-income investor")
udaanCapital disburses Rs 4000 cr in supply-chain financing to MSMEs
The fintech says it is uniquely positioned to tap the $380 billion working capital opportunity in this space
 "udaanCapital disburses Rs 4000 cr in supply-chain financing to MSMEs")
HBL Power Systems to invest up to Rs 150 cr in defence imaging firm Tonbo
Tonbo India manufactures imaging systems for surveillance, reconnaissance and targeting
 "HBL Power Systems to invest up to Rs 150 cr in defence imaging firm Tonbo")
Three Adani stocks could face MSCI axe in May as sell-off tops $400 mn
The stocks on watch are Adani Power, Adani Total Gas and Adani Transmission; analyst says Adani Green Energy may also get deleted from index