Page 2093 - Company News

NIIF drops investment in TPG-backed e-commerce startup FirstCry: Report

FirstCry, formally known as BrainBees Solutions Pvt, runs an online store featuring products for children and expecting mothers

Jindal Steel & Power plans largest and greenest steel plant in Odisha

This is also expected to generate enormous economic activity and employment opportunities in the state

PVR discontinues operations of 23 screens after lease expiry with Cineline

Cineline India, a part of Kanakia Group, had earlier announced reentering the film exhibition business with a new brand identity

Belstar Microfinance raises Rs 275 cr from Affirma Capital, others

Existing investors Muthoot Finance and Maj Invest also participated in the latest funding round

Google found to unfairly block rival payments on India store: CCI

'Google is imposing unfair and discriminatory conditions in violation of regulations,' says CCI in its preliminary report dated March 14

Coal India achieves record production of 622 million tonnes in FY22

Coal output and offtake targets are pegged at 700 MTs for FY23

Asian Paints to acquire stake in White Teak, Weatherseal Fenestration

The size of the current market is more than Rs 11,000 crore and the market share of organised players is about 40 per cent

Tanishq on expansion mode, to set up 45-50 stores pan-India in FY23

With customers moving to organised jewellery shops, the company was making huge investment to open 45-50 new stores across the country to add to the existing 385 stores present in 220 cities

Hyundai Motor India sales decline 14% in March to 55,287 units

The company had dispatched 64,621 units to its dealers in March 2021

Nissan India reports 25% decline in domestic wholesales in March

The company had registered 4,012 units in domestic wholesales in March 2021

NMDC hikes lump ore rate by Rs 100 per tonne; Rs 200 for fines

In a regulatory filing, the company said it has fixed the prices of per tonne lump ore at Rs 6,100 and that of fines at Rs 5,160 a tonne

Mahindra & Mahindra total sales up 35% in March to 54,643 units

The company sold 27,603 passenger vehicles last month in the domestic market as compared with 16,700 units in March 2021

Cooperating with Sebi in Yes Bank AT1 bond matter, says Nippon India MF

According to reports, Nippon India chief executive Sundeep Sikka's role is also being examined by Sebi

Maruti Suzuki's exports hit record high of 238,376 units in FY22

The top five export models during the year included Baleno, Dzire, Swift, S-Presso and Brezza.

Credit quality of Indian corporate sector experiences rebound in FY22: ICRA

Geo-political tensions may limit further improvement in FY23

Unity Small Finance Bank pays Rs 3,800 cr to 850,000 PMC Bank depositors

According to the plan approved by the Union government, Unity Small Finance Bank was supposed to pay the insured deposit amount up to Rs 5 lakh received from the DICGC immediately.

FY 2021-22: HAL scales new peak, records revenue of over Rs 24,000 crore

The corresponding figure for the previous year stood at Rs 22,755 crore.

At Rs 32,890 cr, IPL 2022 rights base price double the winning bid in 2017

Experts say that at these levels, there does not seem to be any profit-and-loss logic at play

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