Page 1698 - Company News

Rs 20K-crore Adani FPO to be fourth biggest fundraise by India Inc

RIL's rights issue in 2020 for Rs 53,124 cr remains the single-biggest equity issuance by an Indian firm

India considers selling small stakes in its mammoth coal, zinc miners

The government is looking to sell 5%-10% in Coal India Ltd, Hindustan Zinc Ltd, Rashtriya Chemicals and Fertilizers Ltd via the so-called offer-for-sale mechanism

Zuventus first in world to launch aviptadil for ARDS commercially

Discovered in 1970, the drug was tested on severe Covid-19 patients on DCGI's direction

Insolvency proceedings begin in Ansal Properties and Infrastructure

The creditors of Ansal Properties have been asked to submit their claims with proof by December 1 to the interim resolution professional

Delhi HC grants bail to former YES Bank MD Kapoor in money laundering case

The Delhi High Court on Friday granted bail to former MD and CEO of YES Bank, Rana Kapoor, in a money laundering case being probed by the Enforcement Directorate

NextG Apex plans to increase its employee count to 5,360 by FY25

This hiring is mainly in line with the company's plans for expanding business operations across verticals like FMCG, health and beauty and F&B over the next 2-3 years, it added

Is the capital goods sector on the recovery path as inflation eases?

Revenue growth estimates have moderated post Q2 but the bottom may be close

Adani Enterprises to raise Rs 20,000 crore in India's largest FPO

This would be the group's second fundraise from the public in 2022. In January, Adani Wilmar came out with an initial public offering of Rs 3,600 crore

Wabag inks agreement with Asian Development Bank to raise Rs 200 cr

This NCD will be subscribed by ADB over a 12-month period, Wabag said in a statement

UTI AMC, Punjab National Bank shares jump on the stake sale plans

The stake is valued at around Rs 1,437 crore at UTI AMC's last closing price of Rs 743.5

NDTV takeover a responsibility, not business opportunity: Gautam Adani

Adani wants to build a global news brand; plans to invest $4 bn in a petrochemical complex

Telecom firms fear surge of 'pseudo-TSPs' due to private 5G network

This, they feel, could happen under direct allocation of spectrum by the govt

To 'make Amazon pay', Indian trade unions join Black Friday protest

Agitation part of global campaign against e-commerce firm

NCLT dismisses bankruptcy proceedings against GTL Infra, GTL Ltd

The court said several companies owe GTL Infrastructure money as it has made claims of Rs 13,393 crore against Aircel and others

What layoffs? Ronnie Screwvala-led upGrad on a hectic expansion spree

In a studied contrarian move, the Ronnie Screwvala-led edtech company is on a hectic expansion spree

Amazon to pull down shutters in food-delivery business in India on Dec 29

Amazon Food had onboarded 3,000 partners including QSR brands such as McDonald's and Domino's Pizza; some 25 people working on the project have all have been absorbed by the company

M&M Financial Services' board approves Diwakar Gupta's appointment

Gupta (69), a seasoned banker, have over 48 years of experience in banking and financial services sector

HSBC Asset Management Company completes acquisition of L&T Mutual Fund

L&T Finance Holdings said it has received Rs 3,485 crore from HSBC AMC as sale proceeds

Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses

According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23

Wipro 3D launches first indigenously-developed industrial grade 3D printer

The 3D printer is designed to cater to educational institutes, industries, engineering and R&D centres, the company said.