Page 2158 - Company News

Fully electric plane can be ready in three years: Rolls-Royce Holdings

Rolls-Royce Holdings expects a fully-electric small aircraft in three to five years, a top executive said.

Axis Bank set to buy Citigroup's India retail unit for $2.5 bn: Report

The Indian lender emerged as the buyer after beating out rivals, with factors such as job security for current Citigroup employees and competition.

Rising oil and gas prices can lead to greater gains in ONGC stock

Demand and pricing environment remains positive; any reversal in energy prices could hurt sentiment

Blackstone buys majority stake in wealth management firm ASK from Advent

Global private equity major Blackstone on Monday announced that it has acquired a majority stake in ASK Investment Managers, a nearly three-decade old asset and wealth management company managing over USD 10.6 billion in assets.

Debt marketplace CredAvenue acquires 75% stake in Spocto for Rs 400 cr

CredAvenue raised $90 mn in its Series A fundraise last year at a valuation of $410 million

Shiprocket acquires majority stake in Glaucus Supply Chain Solutions

Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions.

Yatra.com partners Cleartrip to offer wider hotel inventory to customers

Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers.

Deutsche Telekom seizes $12.7-mn AAI dues on Swiss court order

Three Devas Multimedia investors had secured seizure of AAI and Air India's dues last year. In Jan, Superior Court of Quebec in Canada set aside seizure of AAI dues, capped Air India dues at 50%

Jet Airways to get Rs 50 cr as inter-corporate deposit for certain expenses

As efforts are on to restart services of Jet Airways, Orion IT Parks Pvt Ltd -- whose shareholders are Murari Jalan and Ankit Jalan -- will extend an Inter-Corporate Deposit (ICD) of Rs 50 crore

Ashok Leyland in talks to raise $200 mn-$300 mn for EV arm Switch Mobility

The company said it is in talks with investors for both Switch and e-mobility as a service. Last July, US-based drivetrain-maker Dana had bought 1% stake in Switch for $18 mn

Maran, KAL Airways reject SpiceJet's Rs 600-cr offer to end share dispute

The senior counsel of KAL Airways said that Spicejet will have to pay them Rs 920 crore

Reliance Jio ties up with SES for satellite-based broadband service

The two companies will form a joint venture with Jio Platforms Ltd and SES owning 51 per cent and 49 per cent stake, respectively.

B2B platform Bizongo concludes maiden ESOP buyback worth $3.7-mn

Business-to-business e-commerce and supply chain enablement platform Bizongo has announced the completion of its first employee stock ownership plan (ESOP) buyback programme worth USD 3.7 million.

Paytm gross merchandise value doubles to Rs 83,481 cr in January

Digital payments and financial service firm Paytm on Monday said gross merchandise value (GMV) processed through its platform more than doubled to Rs 83,481 crore in January.

Mamaearth acquires haircare brand BBLUNT for Rs 135 cr from Godrej stable

BBLUNT's strength lies in its extensive experience of styling Bollywood celebrities and transferring the salon experience into consumer products

Vedanta joins hands with Foxconn to manufacture semiconductors in India

Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and display ecosystem

ONGC seeks peak oil and natural gas output from KG block in FY24

With KG-D5 going live, oil production is estimated to rise to 24 million tonnes in 2023-24 and gas to rise to 32.16 bcm, said Anurag Sharma, director (onshore) and interim director (finance) of ONGC

Virtual real estate seller Metamall raises $400,000 via 80 mn crypto tokens

Metamall has already raised $4.6 million in its seed, strategic and private rounds and more than $2 million through NFT realty sales

Ilker Ayci, former chairman of Turkish Airlines, named Air India CEO

Ilker is an aviation industry leader who led Turkish Airlines to its current success during his tenure there, says Tata Sons Chairman N Chandrasekaran

DMI Finance to provide digital personal loans to Google Pay users

The personal loan programme will disburse up to Rs 1 Lakh per loan, repayable over a maximum of 36 months. The partnership is being launched in over 15,000 pin codes