Page 1869 - Company News
Vistara to launch non-stop flights between Mumbai, Abu Dhabi from Oct 1
Full service carrier Vistara will start daily non-stop flights between Mumbai and Abu Dhabi from October 1
 "Vistara to launch non-stop flights between Mumbai, Abu Dhabi from Oct 1")
WealthTech firm Liquide raises $2.2 mn pre-seed led by M Venture Partners
Funds will be used to build a plug and play stock advisory layer to power existing brokerage accounts such as Zerodha, Upstox and Groww
 "WealthTech firm Liquide raises $2.2 mn pre-seed led by M Venture Partners")
SaaS solutions provider RevSure.AI raises $3.5 mn in seed funding
The investment was led by Innovation Endeavors, with participation from angel investors
SBICAP Securities name Deepak Kumar Lalla as its CEO, replaces Yadav
SBICAP Securities named Deepak Kumar Lalla as its managing director and chief executive, replacing Naresh Yadav
 "SBICAP Securities name Deepak Kumar Lalla as its CEO, replaces Yadav")
After Adani Group's acquisition, here's a look at the brief history of NDTV
NDTV was India's first private producer of news and current affairs shows. Founded by Radhika Roy and Prannoy Roy, it was incorporated on September 8, 1988, as New Delhi Television Private Limited
 "After Adani Group's acquisition, here's a look at the brief history of NDTV")
Asia's richest man Adani's conglomerate on deals spree in India, abroad
Indian billionaire Gautam Adani, Asia's richest man, is making his biggest media bet with a bid to buy a majority stake in New Delhi Television (NDTV)
 "Asia's richest man Adani's conglomerate on deals spree in India, abroad")
Control of NDTV not transferred to VCPL via loan agreement, says SAT
Against the backdrop of an attempted takeover of NDTV by Adani Media Works, a Securities and Appelate Tribunal (SAT) order of July 20, 2022 assumes significance
 "Control of NDTV not transferred to VCPL via loan agreement, says SAT")
CEO Parag Agrawal lashes out at ex-employee Zatko's claims about Twitter
Twitter's CEO Parag Agrawal has lashed out at the company's former head of security, Peiter 'Mudge' Zatko, saying his false claims are "riddled with inconsistencies and inaccuracies"
 "CEO Parag Agrawal lashes out at ex-employee Zatko's claims about Twitter")
Maruti recalls 166 Dzire Tour S sedans over possible defects in ACUs
"The recall is being undertaken to replace ACUs, free of cost, in these vehicles," the company noted in a statement to BSE
 "Maruti recalls 166 Dzire Tour S sedans over possible defects in ACUs")
Tata Sons may have to write off Rs 2,600 cr AirAsia India's losses: Report
Tata Sons will likely have to write off Rs 2,600 crore in form of accumulated losses for AirAsia India, which Tata Group-owned Air India has proposed to fully acquire
 "Tata Sons may have to write off Rs 2,600 cr AirAsia India's losses: Report")
Twitter reshuffles 'health' team amid spam bot, toxic content debate
The reorganization of the toxic content and spam teams "reflects our continued commitment to prioritize, and focus our teams in pursuit of our goals," a Twitter spokesperson said
 "Twitter reshuffles 'health' team amid spam bot, toxic content debate")
Creditors file claims worth Rs 21,324 cr against Future Retail before IRP
Creditors of Future Retail Ltd have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process
 "Creditors file claims worth Rs 21,324 cr against Future Retail before IRP")
SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh
SpiceJet is looking to raise investments from external parties, including airlines, said Ajay Singh on the sidelines of an ASSOCHAM event
 "SpiceJet exploring stake sale to raise Rs 2,000 cr, says CMD Ajay Singh")
Mamaearth tops revenue growth among Hurun list of PE investee companies
Posts nearly 500% YoY increase, followed by integrated pharma firm Encude Ethicals, at 343%; Sequoia Capital is the top investor, Norwest Venture Partners and Tiger Global in second spot.
 "Mamaearth tops revenue growth among Hurun list of PE investee companies")
Adani to acquire 29.18% in NDTV; makes Rs 493-cr open offer for another 26%
This came as AMNL's wholly-owned subsidiary VCPL had warrants of RRPR Holding Pvt Ltd, the holding company of NDTV
Growth guidance may help PI Industries maintain 'outperformance'
Despite cost pressures, the company was able to expand margins in Q1
 "Growth guidance may help PI Industries maintain 'outperformance'")
Big tech under Parliamentary panel lens for alleged anti-competition play
Top execs of Indian arms of Apple, Google, Amazon, Netflix and Microsoft quizzed about impact of their business models on small players.
 "Big tech under Parliamentary panel lens for alleged anti-competition play")
Canara Bank to raise up to Rs 3,500 crore through Tier II bonds
Its last capital raise via Tier II bonds for Rs 2,500 crore was in December 2021 at coupon of 7.09 per cent
 "Canara Bank to raise up to Rs 3,500 crore through Tier II bonds")
Adani's ports-to-power conglomerate 'deeply overleveraged': CreditSights
The aggressive expansion pursued by the Adani Group, led by Asia's richest person, has put pressure on its credit metrics and cash flow, CreditSights said
 "Adani's ports-to-power conglomerate 'deeply overleveraged': CreditSights")
Audi to hike prices by up to 2.4% next month as supply chain costs rise
The company recently opened online bookings for Q3 in India
 "Audi to hike prices by up to 2.4% next month as supply chain costs rise")