Page 1790 - Company News
JSW Steel: Lower costs, prices should boost margins in second half of FY23
Given fair value estimates of Rs 530 to Rs 610, investors need to be cautious about the company
 "JSW Steel: Lower costs, prices should boost margins in second half of FY23")
Tata, Airbus grab Rs 22,000-cr project to make C-295 aircraft in Gujarat
The Ministry of Defence (MoD) on Thursday announced it had, for the first time, entrusted a private firm - Tata Advanced Systems (TASL) - to manufacture an entire aircraft for the military
 "Tata, Airbus grab Rs 22,000-cr project to make C-295 aircraft in Gujarat")
JSW Steel's 2 Indian subsidiaries expected to return to profit in Q3 FY23
Global macroeconomic challenges to shape turnaround of JSW Steel and Bhushan Power & Steel
 "JSW Steel's 2 Indian subsidiaries expected to return to profit in Q3 FY23")
Shiprocket becomes first inter-city logistics provider to join ONDC network
Company will enable sellers to select delivery partners to ship products across India
 "Shiprocket becomes first inter-city logistics provider to join ONDC network")
KKR to acquire Ness Digital Engineering; deal size estimated at $500 mn
Global investment firm KKR will acquire Ness Digital Engineering from The Rohatyn Group in a deal estimated to be worth $500 million
 "KKR to acquire Ness Digital Engineering; deal size estimated at $500 mn")
PEs add spice firms to shelf, invest Rs 5,000 cr to expand biz, enter mkt
Market is expected to touch Rs 50K-crore mark by 2025
 "PEs add spice firms to shelf, invest Rs 5,000 cr to expand biz, enter mkt")
Real estate major DLF net profit rises 28% YoY to Rs 487 crore
At the end of the second quarter (Q2), the company's revenue stood at Rs 1,360 crore and net debt at Rs 2,142 crore, said the company
 "Real estate major DLF net profit rises 28% YoY to Rs 487 crore")
Business confidence falls for second straight quarter, says NCAER survey
Earlier, it was at 142.9 in the fourth quarter of 2021-22. It was 117.4 in the corresponding quarter last year
 "Business confidence falls for second straight quarter, says NCAER survey")
BS Number Wise: Indian deal-making enters the slow lane, shows data
There is less money for companies as buyers slow down transactions amid geopolitical tension and higher capital cost.
Swiggy denies exodus of restaurants amid deep discounting concerns
Amid reports about hundreds of restaurants delisting from Swiggy Dineout, sources said only 20 brands with nearly 400 outlets have delisted from Swiggy's dining out platform
 "Swiggy denies exodus of restaurants amid deep discounting concerns")
Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'
The loan was granted at an interest rate of 7.5 per cent per annum, according to the filing
 "Byju's takes Rs 300 crore unsecured loan from Aakash for 'principal biz'")
Airtel Africa profit after tax down 17.2% at $180 mn in Sept quarter
Airtel Africa's revenue grew 12.7 percent on a reported basis and 18.5 percent in constant currency, to $1,308 million in Q2 September 2022
 "Airtel Africa profit after tax down 17.2% at $180 mn in Sept quarter")
Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result
The fund raise was approved by the company's board of directors following the second quarter FY 2023 result which saw 44 per cent year on year drop in net profit to Rs 872 crore.
 "Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result")
Shareholders nod to Ahlem Friga Noy appointment as Adani Green director
Adani Green Energy said it has received shareholders' approval to appoint Ahlem Friga Noy as a non-executive, nominee director in the company
 "Shareholders nod to Ahlem Friga Noy appointment as Adani Green director")
Listed firms managing liquidity challenges well, says India Ratings
Given the tightening liquidity conditions and higher cost of borrowings, corporates with a weak credit profile are likely to tap a loan against shares facility to meet their funding requirements
 "Listed firms managing liquidity challenges well, says India Ratings")
OEMs to drive 16-18% rise in auto-parts MSME revenues: CRISIL SME Tracker
MSMEs in the automotive components sector should see higher growth as well, but will lag average industry revenue growth owing to lack of vertical integration.
 "OEMs to drive 16-18% rise in auto-parts MSME revenues: CRISIL SME Tracker")
Facebook announces 2022 Community Accelerator participants in India
Four-month programme provides selected community leaders of Facebook groups with training, mentorship and funding
 "Facebook announces 2022 Community Accelerator participants in India")
Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%
Aakash Educational Services was acquired by Think and Learn Pvt, Byju's parent company, in April 2021 for a cash and stock deal worth $950 million
 "Byju's takes Rs 300 crore unsecured loan from Aakash at a rate of 7.5%")
Software delivery firm Devtron raises $12 mn funding from Insight Partners
Start-up will use financing to expand team, promote its platform and expand business
 "Software delivery firm Devtron raises $12 mn funding from Insight Partners")
DGCA allows IndiGo to wet lease wide-body planes for only up to 6 months
DGCA allows IndiGo to wet lease wide-body Boeing planes from Turkish Airlines for up to six months and has rejected the domestic carrier's request for leasing the aircraft for up to two years
 "DGCA allows IndiGo to wet lease wide-body planes for only up to 6 months")