Page 1786 - Company News

FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS

The Finance Ministry's decision is likely to benefit financially-beleaguered airlines, such as SpiceJet, which have been looking for the Centre's assistance to run their operations

DLF sells all 292 luxury homes in new project at Gurugram for Rs 1,800 cr

Realty major DLF has sold all 292 luxury homes in Gurugram for over Rs 1,800 crore within few days of the launch of the project, signalling strong demand despite rise in interest rate on home loans

Thai Translucia joins Sunovatech India for metaverse ecosystem worth $3 bn

Translucia, a subsidiary of T&B Media Global partnered with immersive and extended reality company Sunovatech India, along with other global partners, to build a metaverse ecosystem worth $3 billion

Battling attrition in India, HCL to hire 1000 employees in Brazil

IT services giant's attrition grew to 23.8 per cent in the first quarter of FY23

Retail chain D-Mart's Q2 revenue jumps 35.7% to Rs 10,384.66 crore

The company had revenue from operations of Rs 7,649.64 crore in the year-ago period, according to a regulatory filing

Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects

Adani Green to launch $1 bn bond by December; Tata Power to raise $320 mn this month

Happiest Minds board approves raising of Rs 1,400 cr through equity debt

IT company Happiest Minds Technologies board on Wednesday approved raising of up to Rs 1,400 crore through equity or debt bonds, the company said in a regulatory filing

Property consultant Anarock aims 37% revenue growth in FY23 to Rs 550 cr

Mumbai-based Anarock, one of the leading housing brokerage firm, had achieved a 32% growth in its revenue at Rs 402 crore during the last fiscal year

S&P upgrades Greenko Energy to 'BB-' on improving business position

Greenko Energy Holdings' stabilising operating performance with greater resource diversity and manageable execution risk for pumped storage projects will strengthen its business position, S&P said

Apollo Hospitals acquires 60% stake in Ayurveda hospital chain AyurVAID

The investment will be used to upgrade existing centres, set up new centres, strengthen enterprise platforms, and for digital health initiatives, the healthcare major said in a regulatory filing

30% rise in tech firm's e-commerce platforms sales in early festive season

E-commerce platforms during the first week of festive season are estimated to have registered 30% growth year-on-year, inventory and warehouse management tech firm EasyEcom said

SpiceJet likely to receive additional Rs 1,000 crore loan under ECLGS

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, Rs 998 crore and Rs 1,725 crore in FY19, FY20, FY21, and FY22

Amazon discontinues video calling and gaming device Glow for Kids

E-commerce giant Amazon has discontinued its video calling and gaming device called Glow for kids. The device for kids in age group 3-9 is not available on Amazon's website anymore

TVS Emerald to come up with five new projects in Chennai, Bengaluru

Combined revenue potential of the projects is Rs 1,000 cr; firm eyes 3.5x surge in area uder development to 25 mn sq ft in next 4-5 years

India Inc's foreign commercial borrowings rise by 4.6% in Aug: RBI data

India Inc's foreign commercial borrowings in August this year rose by nearly 4.6% to $2.98 billion, according to the RBI data

Hansgrohe group sees India among its top-5 strategic markets in 5 years

Among the top ten currently, India plans include local production and acquisitions, says global CEO Hans Juergen Kalmbach

BYD India targets 15,000 EV sales in 2023, to expand portfolio and network

Pure play electric car maker BYD targeting a sales of 15,000 units next year is launching a new model, increasing its distribution network and expanding production capacity if needed

23% of SMBs remain closed in India as pandemic wanes, says Meta Inc

A Meta (formerly Facebook) survey of small- and medium-sized business (SMB) leaders in India has revealed that 23% of SMBs remain closed as the Covid-19 pandemic wanes

785,000 unsold housing stock in top eight cities in Sep-end: Report

Real estate developers are sitting on around 7.85 lakh unsold housing units across eight major cities and it will take them 32 months to clear these stocks at current sales velocity

Cleartrip 2.0: The second coming of the 16-year-old travel company

Cleatrip, which was acquired by Flipkart in a distress sale last year now becoming one of the fastest-growing online travel platforms