Page 2024 - Company News

GMR group wins right to run Nagpur Airport as SC upholds Bombay HC decision

MIHAN had moved SC following Bombay High Court's refusal to annul the bidding process of Nagpur airport which was won by GMR in 2018

Recoveries by financial creditors under IBC shrink to 33%, shows data

It was 39.3 per cent as of March 2021, and as high as 46 per cent till March 2020, according to the Insolvency and Bankruptcy Board of India (IBBI) data

Prudent Corporate Advisory gets Rs 159 cr from anchor investors before IPO

The company has decided to allocate a total of 25,30,651 equity shares to anchor investors at Rs 630 apiece, aggregating the transaction size to Rs 159.43 crore, as per the circular uploaded on BSE

Adani Ports & SEZ moves HC against disqualification from JNPA tender

APSEZ moved the Bombay High Court challenging the disqualification of its bid in connection with a tender issued by state-run Jawaharlal Nehru Port Authority for upgradation of container terminal

Lenders' haircut to help Tata Power revive generating firm Coastal Gujarat

Coastal Gujarat's capacity goes up as Gujarat, Maharashtra buy more power

Navankur Infranergy starts mobile fuel station for doorstep diesel delivery

'Booster Diesel' will meet the demand for diesel by various end-users at their doorstep, according to a release

IDBI Bank board approves appointment of T N Manoharan as part-time chairman

The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the RBI approved term of three years

Shipping Corp board approves changes in demerger scheme for non-core assets

State-owned Shipping Corporation of India on Monday said its board has approved certain modifications in the scheme of arrangement for demerger of the company's non-core assets

Valuations are temporary, values are forever: OYO CEO Ritesh Agarwal

Startup founders should remember that valuations are temporary and values are forever, and they must focus on doing good and stay grounded, OYO's Founder and Group CEO Ritesh Agarwal said on Monday

OYO completes acquisition of Europe-based Direct Booker for $5.5 mn

OYO acquire Europe-based Direct Booker. OYO has in the recent past declared its intent of actively scouting for 'tuck-in' acquisitions, especially in the European market as a strategic growth lever

Specially abled child barred from boarding IndiGo flight, NCPCR seeks FIR

The apex child rights body in the country, NCPCR, asked the Jharkhand police on Monday to lodge an FIR against IndiGo for barring a specially-abled child from boarding a flight at the Ranchi airport.

Reliance likely to clock $20 bn EBITDA by end 2022: Morgan Stanley

A refining golden age, tightening global gas markets and improving telecom subscriber quality point to a USD 20 billion-plus EBITDA run rate for Reliance Industries Ltd by end-2022, Morgan Stanley

Reliance Brands signs franchise agreement with Italian luxury brand Tod's

Indian company says it has become the official retailer of the brand across all categories including footwear, handbags and accessories.

NSE scam: Court defers order on bail plea of Chitra Ramkrishna, Subramanian

A special CBI court here on Monday deferred the verdict on the bail applications of former NSE head Chitra Ramkrishna and former employee Anand Subramanian, who were arrested by the probe agency

'10,000 trees': Goldman Sachs' scheme to help restore Bengaluru green cover

Initiative entails a pledge to plant one tree in and around Bengaluru for every Goldman employee in India by 2025

Ratan Tata-backed jewellery retailer BlueStone names Rumit Dugar as CFO

Rated among India's top analysts, he has been associated with organisations such as JP Morgan, Infosys and IDFC

L&T bags water project in Jharkhand; to irrigate 22,283 hectares in Dumka

The project envisages to provide water to irrigate 22,283 hectare of Culturable Command Area (CCA) in Dumka district of Jharkhand by way of pumping water from the Sidheshwari river

Ruchira Green Earth eyes Rs 500 cr revenue by 2025 on pent-up demand

The company also said it is looking to tap into battery swapping and replacement markets apart from large Energy Storage System (ESS) applications in the domestic market

MG Motor India crosses 100,000 cumulative sales mark in nearly 3 yrs

MG Motor, which started selling its vehicles in India with the launch of Hector SUV in June 2019, currently has a portfolio including the electric SUV, ZS EV, premium SUV Gloster and compact SUV Astor

Glenmark gets tentative nod from USFDA for generic psoriasis foam

The tentative approval granted to Glenmark Pharmaceuticals Inc, USA (Glenmark) by USFDA is for Calcipotriene and Betamethasone Dipropionate foam