Page 1976 - Company News
Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users
Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on Thursday showed.
 "Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users")
Aviation stocks: SpiceJet tumbles 7%; IndiGo tanks over 5% over ATF rise
Shares of aviation firms SpiceJet and InterGlobe Aviation came under heavy selling on Thursday after ATF prices were raised to a record high.
 "Aviation stocks: SpiceJet tumbles 7%; IndiGo tanks over 5% over ATF rise")
HDFC invokes 50 lakh pledged shares of Ansal Housing for recovery of dues
The country's largest mortgage lender HDFC on Thursday said it has invoked 50 lakh pledged shares of Ansal Housing as part of recovery of its outstanding dues from the developer.
 "HDFC invokes 50 lakh pledged shares of Ansal Housing for recovery of dues")
IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP
A consortium of lenders extended financial support of Rs 2,659 crore for the six-lane greenfield expressway corridor of 129.700 km (expandable to eight lanes) between Meerut and Budaun in UP
 "IRB Infra arm achieves financial closure for Rs 6,538-cr project in UP")
Glenmark Pharma launches first FDC drug Indamet for asthma patients
Glenmark Pharmaceuticals on Thursday said it has launched a novel fixed-dose combination (FDC) drug in the country for patients with uncontrolled asthma
 "Glenmark Pharma launches first FDC drug Indamet for asthma patients")
Retail businesses grow 24% in May against pre-pandemic level: Report
The retail businesses across India witnessed a growth of 24% in May this year against the pre-pandemic level of the same month in 2019, according to industry body RAI
 "Retail businesses grow 24% in May against pre-pandemic level: Report")
Indian private equity investments reach $70 bn in 2,000 deals in 2021
Indian investments grew by 96 per cent over 2020 (excluding the mega deals of Jio Platforms and Reliance Retail).
 "Indian private equity investments reach $70 bn in 2,000 deals in 2021")
Blackstone pips Saudi's PIF to top slot in PE investments in India in 2021
Blackstone invested $4.9 billion in India in 2021
 "Blackstone pips Saudi's PIF to top slot in PE investments in India in 2021")
Agro company CFO arrested for duping investor of Rs 117 cr in Mumbai
The Mumbai police's Economic Offences Wing has arrested the chief financial officer (CFO) of an agro company for allegedly duping an investor for Rs 117 crore, an official said on Thursday
 "Agro company CFO arrested for duping investor of Rs 117 cr in Mumbai")
Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture
Ashneer Grover, who is currently in the US, may sell his BharatPe stake or raise fresh capital by issuing a stake in the new company
 "Ex-BharatPe MD Ashneer Grover to raise $200-300 million for new venture")
Karnataka HC reserves judgment on Xiaomi plea challenging ED's seizure
Karnataka High Court has reserved its judgment in a petition by Chinese firm Xiaomi against the seizure of Rs 5,551.27 crore from its bank accounts by the Enforcement Directorate (ED)
 "Karnataka HC reserves judgment on Xiaomi plea challenging ED's seizure")
Strides Pharma arm gets EU-GMP certification for 2 facilities from Hungary
Strides Pharma Science on Thursday said its subsidiary has received EU-GMP certification for two of its manufacturing facilities from Hungary's National Institute of Pharmacy and Nutrition
 "Strides Pharma arm gets EU-GMP certification for 2 facilities from Hungary")
Unicommerce to increase manpower by 50%, hire 150 employees in FY23
E-commerce-focussed IT firm Unicommerce on Wednesday said it will increase manpower by 50 per cent by adding over 150 team members in 2022-23
 "Unicommerce to increase manpower by 50%, hire 150 employees in FY23")
HDFC in final stage of selling 4 large, stressed accounts before the merger
Ahead of the HDFC-HDFC Bank merger, the mortgage financier is trying to sell four large, stressed accounts, one of which is the Subhash Chandra-promoted Siti Networks
 "HDFC in final stage of selling 4 large, stressed accounts before the merger")
Top headlines: IBBI amends rules, yield curve inverts in the US, and more
As investors and the bond market brace for a sharp hike in policy rate by central banks to fight inflation, the yield curve has inverted in the US
 "Top headlines: IBBI amends rules, yield curve inverts in the US, and more")
Will make IPL available to every Indian, says Viacom18 after bid win
Globally, Viacom18 has won television as well as digital rights in three (Australia, South Africa, UK) out of five international territories, including major cricketing nations
Yes Bank seeks shareholders' nod for raising up to Rs 10k cr debt capital
Also, the bank will seek shareholders' approval for amendments to the Employees Stock Option Scheme (YBL Employee Stock Option Scheme 2020).
 "Yes Bank seeks shareholders' nod for raising up to Rs 10k cr debt capital")
Near-term growth challenges to weigh on Tata Communications stock
Higher investments may cap margins in the near term
 "Near-term growth challenges to weigh on Tata Communications stock")
Cerebral OTT: How SonyLIV beat streaming biggies Netflix and Amazon
Last week, two years after it was relaunched, SonyLIV clocked 18.2 million subscribers
 "Cerebral OTT: How SonyLIV beat streaming biggies Netflix and Amazon")
Jio-bp to power Zomato's commitment to have 100% EV fleet by 2030
Jio-bp will provide EV mobility services to Zomato along with access to 'Jio-bp pulse' branded battery swapping stations for last mile delivery
 "Jio-bp to power Zomato's commitment to have 100% EV fleet by 2030")