Page 1655 - Company News

McLeod negotiates with investors to monetise assets, infuse fresh capital

As part of the restructuring with secured lenders, debt-laden McLeod Russel India Ltd is in the process of negotiating with "multiple investors" to monetise assets and infuse fresh capital

India's billionaire club shrinks to 120, Gautam Adani tops rich list

In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago

Small towns witness highest increase in room bookings in 2022: OYO

India's small towns like Hathras, Sasaram, Karaikudi, and Tenali witnessed the highest increase in room bookings in 2022, according to hospitality and travel-tech firm OYO's annual data

After Gambia, now Uzbekistan alleges Indian cold drug killed its children

Noida-based Marion Biotech's Dok-1 Max anti-cold medicine under scanner after the Central Asian nation blames it for 18 deaths

I owe my success to institutional reforms over 30 years: Gautam Adani

As both he and PM Modi are from the same state, it makes him the easy target of baseless allegations, says Adani

JK Lakshmi ties-up with GreenLine Logistics to roll out first LNG fleet

JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement

IOCL to undertake intensified TB elimination project in UP, Chhattisgarh

IOCL has signed a MoU as part of its corporate social responsibility with CTD under Ministry of Health, and the states of Uttar Pradesh and Chhattisgarh to undertake intensified TB elimination project

SBI to consider raising funds via infrastructure bonds worth up to $1.21 bn

SBI, the country's largest lender, said it will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees ($1.21 billion) during fiscal year 2023

20 years at Reliance helm: Mukesh Ambani redefines scale, business growth

From inheriting legacy textile and oil businesses to stepping into retail, telecom and digital, RIL is a company for New India, say experts

JSW Energy completes acquisition of Ind-Barath Energy for Rs 1,047 cr

JSW Energy on Wednesday said it has completed the acquisition of 700 MW Ind-Barath Energy (Utkal) for Rs 1,047.60 crore through insolvency proceedings.

Sheela Foam to buy rival mattress maker Kurl-on for Rs 2,000 crore

The combined entity will have a market share of more than 50 per cent in India's organised mattress space

Airtel announces launch of 5G service in Jammu, Srinagar in a phased manner

Telecom operator Bharti Airtel on Wednesday announced the launch of its 5G services in Jammu and Srinagar

LIC may look at entering health, non-life insurance businesses: Source

Says insurance giant is well-placed to make most of a composite license; in fact it was a composite insurer till early 1970s, when Oriental Insurance was carved out

Need to quickly end call drops, improve quality: Govt tells telcos

Poor quality unacceptable at a time when India is adopting 5G technology: Companies are told

Jio launches 5G services in 11 cities as a New Year's tribute to users

According to the announcement from the telecom major, the users will be able to enjoy unlimited 5G data with upto 1gbps+ speed, at zero additional cost

CBI custody of Chanda Kochhar, her husband and Dhoot extended till Dec 29

The CBI, represented by special public prosecutor A Limosin, sought their custody for another two days for further probe into the case

Mumbai court acquits TVF founder Arunabh Kumar in sexual harassment case

A magistrate court here has acquitted The Viral Fever (TVF) founder Arunabh Kumar in a sexual harassment case of 2017, ruling that there was an unexplained and unreasonable delay

Adani Transmission incorporates arm to undertake smart meter business

Adani Transmission has formed a subsidiary, BEST Smart Metering Ltd (BSML), to undertake the smart meter business

Experts see 2023 as a year of smooth sailing for real estate sector

Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs

Sheela Foam to buy rival mattress maker Kurlon for $241 million: Report

Indian mattress maker Sheela Foam Ltd will soon acquire competitor Kurlon for 20 billion rupees ($241.29 million), ET Now reported on Wednesday, citing sources