Page 2090 - Company News

SP Group exits one-time resolution plan; repays Rs 12,450 cr to lenders

SPCPL's one-time resolution of debt was unanimously implemented on March 31, 2021 by all the lenders of SPCPL after construction activities came to a grinding halt due to Covid

Axis Bank to make significant gains from Citi deal only from FY2025

The rating agency S&P said the acquisition of Citi consumer business will strengthen Axis bank's retail market position and diversify its revenue profile

Top headlines: Centre to step up borrowing; Adani Group wins big in FY22

India's big business groups owned by families continue to steal a march over their bigger rivals. More on this is our top headlines.

Mukesh Ambani family case: I-T department concludes tax proceedings

Assessment order passed under section 10(3) of Black Money Act

Vedantu on track to be 'IPO-ready' in 18-24 months

Vedantu experienced "12 times" growth on its key metrics amid the pandemic. The company now sees "hyper growth", making way for "growth" post-COVID.

FinMin invites bids for Ferro Scrap Nigam Ltd's privatisation

The sale would also involve transfer of management control in the PSU which is a 100 per cent subsidiary of state-owned MSTC

Bayer to set up 27 telemedicine centres in India over next two years

Bayer, a global enterprise with core competencies in the life sciences field of healthcare and nutrition, on Thursday said it will set up 27 telemedicine centres in India over the next two years.

Lupin's New Jersey facility gets 13 US FDA observations

The observations do not, however, imply any restriction on supplies

Hero MotoCorp launches Destini 125 XTEC; price starting at Rs 69,900

The new scooter, powered by a 125cc engine producing a power output of 9 BHP, comes in two variants with the standard variant priced Rs 69,900 and the top end tagged at Rs 79,990

Jaguar Land Rover says will cut 46% greenhouse gas emissions by 2030

Jaguar Land Rover (JLR) on Thursday said it has committed to cut 46 per cent greenhouse gas emissions across its operations by 2030.

Wiz Freight raises Rs 275 cr in Series A round from Tiger Global, Axilor

Investment in supply chain start-up marks the largest Series A funding in Indian logistics sector.

Airtel, TechM team up for digital solutions across 5G, pvt networks, cloud

Airtel and Tech Mahindra will also offer cloud and Content Delivery Network (CDN) solutions to businesses

Bulk of pharma growth came from price hikes, shows data

The average increase in prices was 3.1 per cent in the past five years.

Demand for chronic drugs likely to rise 30% ahead of price hike

There would be a general rise in demand for chronic medicines as consumers would stock up ahead of a price rise

SpiceJet inks pact with Credit Suisse on $24-million dispute

In a separate case, top court asks airline to settle share-purchase dispute with Marans by Apr 12

Losses by AI, AI Express, Alliance Air Rs 17,032 cr during Apr '20-Dec '21

Scindia said the highest loss was incurred by the now privatised Air India with Rs 9,373 crore loss in 2020-21 and Rs 6,927 crore in 2021-22 (upto December 2021)

Paytm starts buy-now pay-later service for train ticket booking via IRCTC

Company's lending business scaled to 4.1 million loan disbursals in the first two months of the March quarter.

Britannia's planned price hike signals coming inflationary pain

Russia's invasion of Ukraine has roiled consumer firms across the world already contending with labor shortages and supply-chain constraints.

Vodafone Idea board approves raising Rs 4,500 cr from 3 promoter group cos

Vodafone Idea board has approved the allotment of 3.38 bn equity shares at Rs 13.30 per scrip to three promoters group entities - Euro Pacific Securities, Prime Metals and Oriana Investments

IndiGo partially restores salaries of pilots

In a letter to pilots, Ashim Mitra, senior vice president of operations announced an upward revision of 8 per cent in salaries of all pilots with effect from April 1