Page 1883 - Company News
Mike Novogratz's Galaxy Digital terminates $1.2-bn acquisition of BitGo
"We are committed to continuing our process to list in the US and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions," he added.
 "Mike Novogratz's Galaxy Digital terminates $1.2-bn acquisition of BitGo")
PM's vision of techade, push for 5G, chips to boost tech sector: Industry
Homegrown mobile maker Lava's Hari Om Rai said the electronics and tech industry envisions creating 6 crore direct and indirect jobs with more than $3 trn contribution to the country's GDP by 2033.
 "PM's vision of techade, push for 5G, chips to boost tech sector: Industry")
Ola Electric to enter electric car segment; to launch first model by 2024
Ola's first electric car will have the capability to accelerate from 0-100 kmph in four seconds and will have a range of more than 500 kilometers per charge, says CEO Bhavish Aggarwal
 "Ola Electric to enter electric car segment; to launch first model by 2024")
Suzlon looks to raise Rs 1,200 cr in FY23 from rights issue, says CFO
It is looking to raise up to Rs 1,200 crore through a rights issue of shares by the fiscal-end to pare the refinanced debt of Rs 3,000 crore, its Chief Financial Officer Himanshu Mody told PTI.
 "Suzlon looks to raise Rs 1,200 cr in FY23 from rights issue, says CFO")
Top headlines: Ola Electric to produce EVs in 2024; SBI hikes MCLR
SBI's overnight, one-month, and three-month MCLR stands at 7.35 per cent; six-month is at 7.65 per cent; one-year at 7.70 per cent; two-year at 7.90 per cent; and three-year MCLR stands at 8 per cent
 "Top headlines: Ola Electric to produce EVs in 2024; SBI hikes MCLR")
M&M inaugurates its state-of-the-art EV design studio in the UK
Anand Mahindra, Chairman, Mahindra Group inaugurates Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire
 "M&M inaugurates its state-of-the-art EV design studio in the UK")
BPCL to spend Rs 1.4 trn on petrochemicals, gas business in next five years
BPCL, which owns 20,217 out of 83,685 petrol pumps in the country, is looking at not just selling petrol and diesel at bunks but also providing EV charging as well as fuels of the future like hydrogen
 "BPCL to spend Rs 1.4 trn on petrochemicals, gas business in next five years")
Independence Day: AAI commits to growth of airports infrastructure in India
The Airports Authority of India celebrated 76th Independence Day with patriotic fervour and zeal and expressed its commitment to the growth of airport infrastructure in the country
 "Independence Day: AAI commits to growth of airports infrastructure in India")
Hyundai Motors ranks third in global vehicle sales in 2022 first half
South Korea's Hyundai Motor Group said on Monday it ranked third in first-half global vehicle sales on increased high-end model sales despite the lack of automotive chips
 "Hyundai Motors ranks third in global vehicle sales in 2022 first half")
Independence Day Offer: Airtel, Jio prepaid plans, validity, and benefits
Airtel and Jio users will get great benefits, validity, and plans on the 75th Independence day of India. Read this article to know everything about plans, validity, and benefits.
 "Independence Day Offer: Airtel, Jio prepaid plans, validity, and benefits")
Lupin revising product portfolio in US to overcome price erosion impact
Lupin's transitioning of the portfolio from the simple generic oral solids to complex generics had started with short-acting bronchodilator albuterol
 "Lupin revising product portfolio in US to overcome price erosion impact")
Not getting probed for any financial irregularity: Trell co-founder
Opening up on reports of a cohort of investors ordering a forensic audit of Trell, Agrawal said speculations about any financial irregularities are "totally baseless and unfounded"
 "Not getting probed for any financial irregularity: Trell co-founder")
Q1 results review: Zomato, Paytm & Nykaa to focus on profitable growth
Food delivery aggregator Zomato, for instance, has brought down its losses by huge margin
 "Q1 results review: Zomato, Paytm & Nykaa to focus on profitable growth")
RIL, Nayara face windfall profit tax on local supplies alongside exports
The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India
 "RIL, Nayara face windfall profit tax on local supplies alongside exports")
M&M, Ola Electric to unfurl e-car strategies on 75th Independence Day
On August 15, two companies - Mahindra & Mahindra and Ola Electric are set to take the wraps off their individual e-car strategies as they seek to stake their claim in India's nascent e-car market
 "M&M, Ola Electric to unfurl e-car strategies on 75th Independence Day")
Q1 results review: Retailers post their best-ever quarterly sales
Aditya Birla Fashion and Retail (ABFRL), Page Industries, Bata, TCNS Clothing Company, Trent, and Reliance Retail all saw their revenue hit all-time highs in the first quarter
 "Q1 results review: Retailers post their best-ever quarterly sales")
Kotak's maiden FoF eyes first close with Rs 500-crore commitment
It also intends to invest some money into co-investment opportunities available from such investee funds
 "Kotak's maiden FoF eyes first close with Rs 500-crore commitment")
Mission 2025: Telecom tower firms to invest Rs 2 trillion in 5G infra
Investment in fiberisation of towers etc could hit anything between Rs 5 trn-Rs 7 trn by 2025, says an industry body
 "Mission 2025: Telecom tower firms to invest Rs 2 trillion in 5G infra")
Captive power units turn to Russia as domestic coal supply fails to resume
Chennai-based India Cements has said that it has already imported two shipments of Russian coal due to shortage of domestic supply
 "Captive power units turn to Russia as domestic coal supply fails to resume")
India Inc's profits fall off record high in April-June quarter
Earnings lowest in four quarters; sales surge