Page 1800 - Company News
Festival sales: Consumer firms see robust demand across categories
E-commerce firms and online retailers too have been having swinging times
 "Festival sales: Consumer firms see robust demand across categories")
After initial frenzy, electric two-wheeler market consolidating
Just 7 companies accounted for 86% of all electric two-wheeler registrations in September
 "After initial frenzy, electric two-wheeler market consolidating")
RIL bats for no caps on domestic gas price as govt panel seeks review
Any such move will delay investments in fuel production, company tells govt panel
 "RIL bats for no caps on domestic gas price as govt panel seeks review")
Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital
The consortium had 270 days to fulfil all criteria required for the plan's implementation
 "Jet Airways revival: Jalan-Kalrock accept bank call to infuse more capital")
Demand triggers may help Oberoi Realty sustain higher sales trajectory
Target prices suggest further upside for the stock
 "Demand triggers may help Oberoi Realty sustain higher sales trajectory")
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
 "FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS")
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
 "DLF sells all 292 luxury homes in new project at Gurugram for Rs 1,800 cr")
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
 "Thai Translucia joins Sunovatech India for metaverse ecosystem worth $3 bn")
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
 "Battling attrition in India, HCL to hire 1000 employees in Brazil")
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
 "Retail chain D-Mart's Q2 revenue jumps 35.7% to Rs 10,384.66 crore")
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
 "Adani, Tata Power plan to raise $1.3 bn in green bonds for new projects")
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
 "Happiest Minds board approves raising of Rs 1,400 cr through equity debt")
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
 "Property consultant Anarock aims 37% revenue growth in FY23 to Rs 550 cr")
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
 "S&P upgrades Greenko Energy to 'BB-' on improving business position")
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
 "Apollo Hospitals acquires 60% stake in Ayurveda hospital chain AyurVAID")
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
 "30% rise in tech firm's e-commerce platforms sales in early festive season")
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
 "SpiceJet likely to receive additional Rs 1,000 crore loan under ECLGS")
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
 "Amazon discontinues video calling and gaming device Glow for Kids")
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
 "TVS Emerald to come up with five new projects in Chennai, Bengaluru")
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
 "India Inc's foreign commercial borrowings rise by 4.6% in Aug: RBI data")