Page 2075 - Company News
Kaynes Technology files draft papers with Sebi to mop up funds via IPO
Kaynes Technology India Limited (KTIL), an end-to-end and IoT solutions enabled integrated electronics manufacturing player, has filed preliminary papers with Sebi to raise funds
 "Kaynes Technology files draft papers with Sebi to mop up funds via IPO")
Future Enterprises defaults on Rs 1.22 cr interest payment for NCDs
The latest default is on the interest of securities issued for a sum of Rs 25 crore.
 "Future Enterprises defaults on Rs 1.22 cr interest payment for NCDs")
Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy
Swiggy's investment will leverage the synergies between the two companies to unlock more opportunities for delivery executives and captains across both fleets
 "Rapido raises $180 mn at $830 mn valuation in funding round led by Swiggy")
Under fire from restaurants, Zomato pushes food policy deadline to May 3
Zomato added that it would work closely with its restaurant partners to establish the genuineness of any complaint received
 "Under fire from restaurants, Zomato pushes food policy deadline to May 3")
Suzlon Energy plans to raise about Rs 3,000 crore to refinance debt
The company is looking at refinancing in order to streamline the lenders, avail better terms from restrictions on cash usage, and bolster growth of the business
 "Suzlon Energy plans to raise about Rs 3,000 crore to refinance debt")
Q4 expectations: Price hikes may help FMCG firms report higher sales
Volumes to remain under pressure as rural demand continues to be weak
 "Q4 expectations: Price hikes may help FMCG firms report higher sales")
As air traffic increases, airlines start restoring pilots' salaries
Air India reinstates employee salaries by 75% compared with pre-Covid level
 "As air traffic increases, airlines start restoring pilots' salaries")
HDFC moved NCLT against SITI Networks claiming default of Rs 296 cr
SITI Networks has received a notice issued by the Mumbai bench of the National Company Law Tribunal over the petition filed by HDFCL, the Essel group firm said in a regulatory filing on Thursday
 "HDFC moved NCLT against SITI Networks claiming default of Rs 296 cr")
Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products
Event will have artisans, weavers, people with disabilities and rural and urban women from SHGs. The two-day sale event goes Live on April 15-16, ahead of World Artisan Day
 "Flipkart Samarth's 'Crafted by Bharat' sale to showcase 100,000 products")
UltraTech invests $101.1 mn in UAE-based RAKWCT, acquires 29.39% share
The shares have been acquired at a cost of USD 101.10 million, it said. This together with the existing shareholding, will result in UCMEIL holding 29.79 per cent of RAKWCT's equity share capital
 "UltraTech invests $101.1 mn in UAE-based RAKWCT, acquires 29.39% share")
Ukraine war fallout: Nayara to pay higher interest after NCD downgrade
Lower rating by Care follows concerns over Rosneft's support to the Indian company after Russia invaded Ukraine and western countries imposed sanctions on the Russian entities
 "Ukraine war fallout: Nayara to pay higher interest after NCD downgrade")
Tatas bet on executives from group companies to turn Air India around
On Friday, Tatas announced revamp of the Air India board when the airline's functional directors stepped down and execs from various group companies took charge
 "Tatas bet on executives from group companies to turn Air India around")
Tier-2 IT firms face sharper downgrades with clients likely to pare spends
Margin pressure and valuation premium point to downside for stocks
 "Tier-2 IT firms face sharper downgrades with clients likely to pare spends")
Investments in mid-, small-caps need 'thorough analysis': Umang Papneja
Senior executive of IIFL Wealth Management says companies will feel the impact of Federal Reserve tapering and liquidity tightening.
 "Investments in mid-, small-caps need 'thorough analysis': Umang Papneja")
FRL rejects Amazon's opposition over shareholders' meeting on Reliance deal
Future Retail said the meetings have been convened in compliance with the directions given by the NCLT in its order passed on Feb 28, 2022
 "FRL rejects Amazon's opposition over shareholders' meeting on Reliance deal")
IndiGo appoints Vikram Mehta, ex-IAF Chief Dhanoa as independent directors
Mehta will replace Anupam Khanna, whose second term came to an end on March 26, and Dhanoa will replace former Sebi chief M Damodaran, who is stepping down on May 3, IndiGo said in a statement
 "IndiGo appoints Vikram Mehta, ex-IAF Chief Dhanoa as independent directors")
Debt recovery via insolvency cases at 31%; 47% cases liquidated: Report
Even the various resolution processes have witnessed the recovery of debt of just 31 per cent on an average, said the data from the Insolvency & Bankruptcy Board of India
 "Debt recovery via insolvency cases at 31%; 47% cases liquidated: Report")
Alliance Air becomes central govt's independent business unit
Alliance Air was an esrtwhile part of Air India prior to the latter's divestment. At present, it is operated as a division under the Air India Asset Holdings Pvt Ltd (AIAHL)
 "Alliance Air becomes central govt's independent business unit")
Olectra Greentech launches heavy-duty electric truck trials
The manufacturing will be scaled up in the state-of-the-art facility coming up on the outskirts of Hyderabad soon
 "Olectra Greentech launches heavy-duty electric truck trials")
Jewellery retail chain Senco plans Rs 525-cr IPO, files DRHP with SEBI
Its revenue from operations grew at a CAGR of 9.92% from Rs 2420 crore as of March 31, 2020 to Rs 2660 crore as of March 31 2021, the document said
 "Jewellery retail chain Senco plans Rs 525-cr IPO, files DRHP with SEBI")