Page 1839 - Company News

RRVL goes on a shopping spree; aims to strengthen its FMCG play

The company is also in initial stage talks with SG Corporates for Bindu Beverages as it looks to strengthen its FMCG play

Sembcorp Industries sells India unit to Tanweer Infra $1.47 billion

By 2025, Sembcorp aims to quadruple its gross installed renewable energy capacity to 10 Gw

Unacademy launches 50 new channels to democratise online education

Unacademy recently said that it has been focusing on frugality as its core value

Amazon-Future Group row: Supreme Court to hear matter on September 19

"Amazon had misrepresented the scope and purpose of the proposed combination," CCI had said before the NCLAT

NTPC to buy Avantha's Jhabua Power, its first acquisition under the IBC

The estimated deal size is Rs 1,830 crore

OYO to bring onboard 600 new hotels, homes in South India by year-end

Buoyed by the strong booking trends in the business as well as liesure travel segments, OYO is looking to significantly increase hotels and homes (storefronts) in South India on its platform

SpiceJet in dire need of recapitalisation to revive operation: Report

The carrier has been strong in its pursuit of weathering the storm but it has faced a series of headwinds for more than three years. The company reported huge loss in April-June quarter

RPower, subsidiary to raise debt of up to Rs 1,200 cr from Varde Partners

Reliance Power and its subsidiary have inked a pact with Varde Partners for availing debt of up to Rs 1,200 crore.

Would surpass Rs 21,000-crore revenue target by 2026: ABFRL chairman

Aditya Birla Fashion and Retail Ltd is confident of fortifying its market position further and surpassing the projected revenue of Rs 21,000 crore by 2026, said its chairman Kumar Mangalam Birla

CCI clears Prosus-backed PayU's $4.7-bn acquisition of BillDesk

The deal is slated to become the second largest acquisition in the Indian digital space, after Walmart's $16-bn buyout of e-commerce behemoth Flipkart in 2018

Sembcorp sells India unit to Omanese consortia for Rs 11,734 cr

Sembcorp Energy, one of the largest power producers in India, operates two supercritical coal-fired power plants totalling 2,640 megawatt, servicing nearly 2.5 mn households

Tech start-ups raise $885 mn in funding in Aug, down 20% from July: Report

Edtech unicorn UpGrad and fintech start-up EarlySalary among companies to earn big-ticket investments: Tracxn

UPL Corp appoints Mike Frank as CEO of UPL's Global Crop Protection biz

UPL's Global Crop Protection (CP) business manages all CP assets outside of India

EV maker Ather Energy raising up to $250 mn to march past rivals: Report

Electric scooter manufacturer Ather Energy is reportedly raising up to $250 million in a new funding round, as the debate on EV fires appears to be finally settling

IEX total trade volume dips annually by 18% to 7,805 mn units in August

The average clearing price in the Day-Ahead market increased 2 per cent YoY, from Rs 5.06 per unit in August'21 to Rs 5.17 in August '22

CV industry to perform well this year, says Tata Motors' Girish Wagh

Tata Motors said it is expecting the Commercial vehicles industry to perform well this fiscal after two years of downturn, with an upturn in demand across all segments

Dixon Tech to manufacture TV sets on Android and Google TV platforms

Dixon Technologies vice chairman & managing director Atul B Lall said this is in line with the company's effort to contribute to 'make in India' initiatives

Adani Group cites reduced debt load to rebut overleveraged view

Using figures that differed from those cited by CreditSights in the report last month, the conglomerate said the leverage ratios of its companies 'continue to be healthy'

Blue Jet Healthcare files draft papers with Sebi for Rs 2,100-cr IPO

Mumbai-based Blue Jet Healthcare, is a specialty pharmaceutical and healthcare ingredient and intermediate company

HOP Electric Mobility to invest up to Rs 200 cr for capacity expansion

HOP Electric Mobility plans to invest up to Rs 200 crore in next one year on new products, setting up charging infrastructure and additional production capacity, according to company CEO Ketan Mehta