Page 19 - Company News

Some related-party transactions not disclosed inadvertently: Kaynes Tech

The company, however, said that these transactions were not required to be disclosed under the consolidated accounting standards as per the Indian Accounting Standards

Lumax group expects to more than double its revenue in 4-5 years

Unlike many other auto component makers in India, the Lumax Group is not focused on exports

Gorilla Glass maker Corning's ₹1,000 crore Chennai unit on track

Corning, through its Optiemus JV Bharat Innovative Glass Technologies, has inaugurated a Rs 1,000-crore mobile cover-glass unit in Chennai, targeting 30 million pieces capacity in the first phase

Blackstone-backed Nexus Select Trust eyes three malls in eastern India

Blackstone-backed mall operator eyes expansion in Kolkata, Patna, Ranchi and Guwahati as it moves to double its portfolio to 30 malls by 2030

Netflix in exclusive talks to buy Warner Bros Discovery assets at $28/share

Netflix is aggressively diversifying beyond its core subscription model to drive new revenue streams

British American Tobacco sells 9% stake in ITC Hotels for ₹3,820 crore

The ITC Hotels stock on Friday closed at ₹206 a share on the BSE, down by 0.84%

Healthify seeks more weight-loss drug partnerships after Novo Nordisk deal

The deal marks Healthify's first such partnership with a drugmaker, and it hopes similar agreements will boost its paid subscriber base

SpiceJet adds new flights from Delhi, Mumbai amid IndiGo operational chaos

SpiceJet is adding new flights from Delhi to Mumbai, Ayodhya, Pune, Bangkok, Bengaluru and Kolkata, among others

IndiGo apologises for disruptions, offers refunds and full waiver to flyers

In an official statement, IndiGo acknowledged the inconvenience caused to passengers and expressed regret over the situation

Smartworld enters Noida with 6-acre land buy; ₹2,000 cr project planned

The company said that the project will have a total development cost of ₹2,000 crore, with the gross sale value projected at over ₹3,000 crore

Nexus Select Trust buys 60,000 sq ft at Elante Chandigarh for ₹253.7 crore

Nexus Select Trust acquired retail space at Nexus Elante in Chandigarh at an enterprise value of Rs 253.7 crore, funding the deal via commercial paper and cash while keeping its loan-to-value at 18%

Ola Electric to hire 1,000 technicians as hyperservice enters next phase

The expansion will substantially bolster the firm's after-sales workforce of around 2,000 and follows weeks of rapid-response efforts to clear service backlogs in key markets

Adani, Hindalco eye investments in Peru's copper sector as demand surges

India, the world's second-biggest importer of refined copper, may have to source 91 per cent-97 per cent of its copper concentrate requirements from overseas by 2047

ED attaches ₹1,120 cr fresh assets linked to Anil Ambani firms in PMLA case

The ED had earlier attached properties worth over ₹8,997 crore in the bank fraud cases related to Reliance Communications Ltd (RCOM), Reliance Commercial Finance Ltd, and Reliance Home Finance Ltd

Govt may seek bids for $7 bn IDBI Bank stake, advancing privatisation push

A government agency is expected to formally open the bidding process as soon as this month, in what could be the biggest state-backed disposal of a bank stake in decades

IndiGo assures DGCA of full operations by Feb 10 after flight disruptions

On Thursday, 73 flights were cancelled at Bengaluru airport, its spokesperson said. Around 30 were cancelled in Delhi, and 68 in Hyderabad, and 85 IndiGo flight cancellations were planned for Mumbai

LIC, GQG signal interest in ₹24,930 crore Adani Enterprises rights issue

LIC and GQG Partners have indicated interest in subscribing to Adani Enterprises' rights issue, with RE trading active and most applications expected closer to the December 10 deadline

Biocon board to weigh BBL stake buyout, fundraising options on December 6

Biocon's board will meet on December 6 to consider acquiring Biocon Biologics shares from minority investors through cash or a share swap, and to approve fundraising options such as QIP, rights issue

Zaggle acquires Rivpe Technology for ₹97 cr to expand Rio.Money payments

Zaggle will acquire Rivpe for Rs 22 crore and invest Rs 75 crore in the latter's brand Rio.Money to support product enhancement and expansion of consumer payment offerings

Indian IT services majors emerge as key bidders for US Bancorp's GCCs

Indian IT majors vie for mandate as American bank plans insourcing rampup