Page 1964 - Company News
Emaar Group CEO detained at Delhi airport, released after questioning
Emaar Group CEO Amit Jain, who was detained by immigration authorities at Delhi's Indira Gandhi International (IGI) Airport and handed over to Punjab Police, was later released after brief questioning
 "Emaar Group CEO detained at Delhi airport, released after questioning")
Infosys gave capital return of over Rs 24,100 cr in FY22, says Nilekani
Board recommends final dividend of Rs 16 per share, which along with interim leads to a total of Rs 31 per share in FY2022.
 "Infosys gave capital return of over Rs 24,100 cr in FY22, says Nilekani")
Infosys gave capital return of over Rs 24,100 cr in FY22: Nandan Nilekani
Global concerns, rising inflation and supply chain disruption present opportunities, says company chairman
 "Infosys gave capital return of over Rs 24,100 cr in FY22: Nandan Nilekani")
Hindustan Copper board to consider raising Rs 500 cr via debentures
The board will also consider raising funds through a qualified institutional placement method, it added.
 "Hindustan Copper board to consider raising Rs 500 cr via debentures")
Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs
Earlier this week, FEL defaulted twice on interest payments of Rs 85.71 lakh and Rs 6.07 crore for its non-convertible debentures.
 "Future Enterprises defaults on Rs 4.10 crore interest payment for NCDs")
Toyota and Suzuki take hybrid route to co-develop a mid-sized SUV
Toyota to launch the Hyryder on July 1; Maruti's version is expected in August
 "Toyota and Suzuki take hybrid route to co-develop a mid-sized SUV")
Short haul and domestic tours to drive growth, says Thomas Cook India
Thomas Cook's focus on destinations like Bangkok or Bali also coincides with the region's efforts to attract more Indian visitors
 "Short haul and domestic tours to drive growth, says Thomas Cook India")
Will cross $1-bn revenue run rate by year-end, predicts Ola Electric
The SoftBank-backed electric vehicle firm said it has surpassed Rs 500 crore revenue in its first two months of FY 22-23, and is on track to surpass the $1 billion revenue run rate by end of this year
 "Will cross $1-bn revenue run rate by year-end, predicts Ola Electric")
Intel expands in India, unveils new design and engineering centre
While unveiling chip giant Intel's new facility in India, Rajeev Chandrasekhar said that by 2025, India's digital economy should reach $1 trillion
 "Intel expands in India, unveils new design and engineering centre")
Tata Capital to raise Rs 20,000 crore as fresh debt, expand retail book
TataNeu helps company to onboard new customer
 "Tata Capital to raise Rs 20,000 crore as fresh debt, expand retail book")
Total office space leasing in May jumps nearly 3-fold across 7 cities: JLL
The total or gross leasing of office spaces rose 28 per cent from 4.8 million square feet in April 2022 across seven major cities -- Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata
 "Total office space leasing in May jumps nearly 3-fold across 7 cities: JLL")
Jet Airways starts operational hiring, invites former cabin crew to rejoin
Jet Airways began its operational hiring on Friday and asked its former cabin crew members to rejoin the airline
 "Jet Airways starts operational hiring, invites former cabin crew to rejoin")
Akasa plans test flight next week; expects commercial start by late-July
Akasa, backed by billionaire Rakesh Jhunjhunwala, will likely receive its air operator's certificate within days of the proving flight
 "Akasa plans test flight next week; expects commercial start by late-July")
Dr Reddy's Laboratories eyes place among top five domestic pharma players
The US would continue to remain an important geography, but the firm says it hopes to double its revenues from China and grow revenues five-fold in Brazil in the next five years
 "Dr Reddy's Laboratories eyes place among top five domestic pharma players")
Zomato board approves acquiring quick commerce firm Blinkit for Rs 4,447 cr
Food aggregator setting sights on big play in quick commerce sector
 "Zomato board approves acquiring quick commerce firm Blinkit for Rs 4,447 cr")
Dish TV EGM: Shareholders reject Jawahar Goel's reappointment as MD
The resolutions to reappoint Anil Dua as a whole-time director and appoint R C Venkateish as an independent director were also turned down
 "Dish TV EGM: Shareholders reject Jawahar Goel's reappointment as MD")
Net profits of manufacturing companies surged by 50.2% in FY'22: RBI
Net profit also increased for the information technology (IT) companies, whereas the non-IT services sector continued to record losses at the aggregate level
 "Net profits of manufacturing companies surged by 50.2% in FY'22: RBI")
Most analysts positive on Nykaa as firm takes rollercoaster ride after IPO
However, there is a significant variance in valuations, ranging from Rs 1,300 to Rs 1,730
 "Most analysts positive on Nykaa as firm takes rollercoaster ride after IPO")
JM Financial mutual fund plans 4-5 NFOs, aims Rs 7k-10k crore AUM by FY23
The mutual fund house said it does not foresee any major dip in Systematic Investment Plan (SIP) inflows going forward which had witnessed a steady growth to around Rs 11,000 crore per month
 "JM Financial mutual fund plans 4-5 NFOs, aims Rs 7k-10k crore AUM by FY23")
Satin Creditcare raises Rs 96 cr by issuing bonds to two investors
A total of 19,250 secured, rated and redeemable non-convertible debentures (NCDs) of Rs 50,000 each have been issued to AAV Sarl and Masala Investments Sarl
 "Satin Creditcare raises Rs 96 cr by issuing bonds to two investors")