Page 2121 - Company News

Vedanta, Jindal Power among 17 to show interest in SREI resolution

Resolution plan by April 30, but deadline can be stretched on request

Byju's CEO raising $400 mn loan to invest in edtech giant's $800 mn round

Move is part of firm's confidence-building measure to show founder is bullish on the biz and help shore up investor interest, say sources

Shriram Housing Finance looks to double loan-book to Rs 10,000 cr by FY24

Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore

Ruchi Soya's follow-on public issue of Rs 4,300 cr to open on March 24

Diversified FMCG company Ruchi Soya will launch its follow-on public offer on March 24. A follow-on offering is an issuance of additional shares made by a company after an initial public offering

Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital

Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among 14 prominent firms that have expressed interest to acquire Reliance Capital Ltd, promoted by Anil Ambani Group, sources said

GAIL announces interim dividend of Rs 5 per share for FY22

Natural gas producer and distributor GAIL has announced a second interim dividend of Rs 5 per share for the fiscal year FY22.

NMDC's iron ore output grows 13% in Jan-Feb '22; sales up by 17%

State-owned mining giant NMDC has produced 8.87 million tonnes (MT) of iron ore during January-February 2022, a year-on-year rise of about 13 per cent.

No harm to person, property in case involving co-founder, clarifies Paytm

Sharma was arrested and released on bail by Delhi Police last month for allegedly ramming his car into the official vehicle of South Delhi's Deputy Commissioner of Police

Govt has time till May 12 for LIC IPO without seeking fresh Sebi approval

The government has time till May 12 to launch the initial public offering (IPO) of LIC without filing fresh papers with market regulator Sebi, an official said

Cost increase to soon hit everyone due to Ukraine crisis: Tata Steel MD

'Coking coal went up to $650 a tonne and iron ore crossed $150 a tonne. Not just that, all other elements that go into steelmaking have shot up. So have freight rates,' says T V Narendran

Macleods Pharmaceuticals recalls products in US for manufacturing issues

Macleods Pharmaceuticals is recalling two products in the US market due to deviation from standard manufacturing norms, according to a USFDA report.

Paytm CEO was released on bail in Feb after hitting police officer's car

Paytm CEO Vijay Shekhar Sharma was arrested by the Delhi Police for allegedly ramming into a senior police official's car in February and later was released on bail

Taking immediate steps to comply with RBI directions: Paytm Payments Bank

This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017

Diageo India to buy minority stake in gin-maker Nao Spirits for Rs 31.5 cr

Diageo India will also have a call option to acquire the remaining shares on "pre-agreed principles" in Nao Spirits & Beverages Private Ltd, a joint statement said

Ukraine crisis: Tata Steel seeks alternative to Russian coal

The steelmaker used to buy 10-15 per cent of its coal requirements from Russia for use in pulverised coal injection, Tata Steel Managing Director said

Tech Mahindra to completely acquire Thirdware for Rs 320 cr

The acquisition is expected to bolster Tech Mahindra's digital solutions and services in automotive consulting, design, and development

Redington to offer iPhone SE, iPad Air on March 18; customers can pre-order

Besides the iPhone SE, iPhone 13 Pro and iPhone 13 Pro Max would be retailed along with iPad Air featuring the Apple-designed M1 chip, the company said

Airbnb to open technology hub in Bengaluru to serve its 'global community'

The Bengaluru technology hub will aim to create local, skilled jobs, with plans for the centre to cater to a few hundred people in the initial phases, the company said in a statement

Ferns N Petals gets Rs 200 cr funding from Lighthouse India Fund III

The company plans to use the funds to invest in improving its systems and technology to enhance customer experience for all gifting occasions, Ferns N Petals (FnP) said in a statement

Ruchi Soya to launch FPO on March 24; looking to raise Rs 4,300 cr

Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurved, will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 cr.