Page 1705 - Company News

Aditya Birla Capital to seek regulator role in RCap resolution process

Warns it will seek intervention if RCap's Administrator ignores its demand for additional info on the company

Jio gets NCLT green light to acquire debt-laden Reliance Infratel

Infratel has fibre assets of 178,000 route kilometres and 43,540 mobile towers spread across the country

Skyroot's Vikram-S rocket launch creating space for private sector

The launch of a sounding rocket by Skyroot marks the start of a surge in start-ups entering a sector that was opened up only in June 2020

Lance Bennett to be vice-prez for sales, marketing at Mercedes-Benz India

Luxury carmaker Mercedes-Benz India on Monday said it has appointed Lance Bennett as Vice President, Sales and Marketing, with effect from February 1, 2023.

Clean Electric raises $ 2.2 million funding round led by Kalaari Capital

Energy storage solutions startup Clean Electric on Monday said it has raised USD 2.2 million (about Rs 18 crore) in a funding round led by early-stage venture capital firm Kalaari Capital.

Diamond Power Infra seeks shareholders' nod to raise borrowing limit

Diamond Power Infrastructure will seek shareholders' approval to raise its borrowing limit to Rs 3,000 crore in its annual general meeting on December 14, according to a regulatory filing.

M&G gets CCI nod for subscription of Trustroot Internet bond, warrants

Trustroot Internet is primarily engaged in an online B2B e-commerce marketplace by the name of 'Udaan'

Adani group's Rs 493-cr open offer for NDTV shares to begin on Tuesday

The offer, for 16.7 million shares at Rs 294 apiece, will close on December 5. The size of the open offer is nearly Rs 493 crore

ProcMart raises $10 mn in funding round led by Sixth Sense Ventures

B2B e-commerce firm ProcMart on Monday said it has raised $10 million, about Rs 82 crore in a funding round led by Sixth Sense Ventures.

Nayara Energy exports 80% of fuel to Asia, Africa; none to EU: Official

Nayara Energy, India's second-largest private oil refinery, exported over 80 per cent of all its fuel exports to Asia, the Middle East and Africa during the first seven months of the current fiscal

AM/NS India completes Rs 16,500 cr acquisition of Essar group infra assets

The transaction, fully funded by AM/NS India, includes two port assets and a power plant which are now wholly-owned and operated by it

Airtel launches 5G services in Guwahati, to be available in a phased manner

Telecom operator Bharti Airtel on Monday said that it has rolled out the latest 5G services in Guwahati, the gateway to the Northeast

Tata Cliq Luxury plans large-scale Black Friday sale starting Nov 23

The sale will have offers on global and Indian luxury and premium brands

Govt announces new norms to curb fake online reviews of products, services

E-commerce players like Amazon and Flipkart will have to voluntarily disclose all paid consumer reviews of products and services offered on their platforms, with the govt bringing in new norms

Adani group's Rs 493 cr open offer for NDTV to start from Tuesday

Adani group's open offer to acquire an additional 26 per cent stake in the media firm New Delhi Television (NDTV) from the market would start from Tuesday

Aurobindo Pharma aims to complete Rs 2,000 Cr Pen-G plant in AP by March'24

Aurobindo Pharma's aims to complete its Rs 2,000 cr Penicillin G (Pen G) plant in Andhra Pradesh by March 2024 even as the trial or the pilot batches will take place starting October next year onwards

Rasna founder Areez Khambatta suffers cardiac arrest, dies in Ahmedabad

Areez Pirojshaw Khambatta, the founding chairman of the popular drink Rasna, passed away in Ahmedabad due to a cardiac arrest, the company said on Monday

Jio gets NCLT's approval to acquire debt-laden Reliance Infratel

The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets

India's 5G tablet shipments grow 61% QoQ in Q3 of Calendar 2022: CMR report

Overall tablet market was up 22% sequentially, likely to grow by 10-15% in the full calendar year

Essar concludes $2 bn sale of captive port, power infra assets to AM/NS

Ruia family-run Essar group said it has concluded the sale of captive ports and power assets located at Hazira in Gujarat and Paradip in Odisha to Arcelor Mittal Nippon Steel India Ltd for $2.05 bn