Page 2176 - Company News

IIT Hyderabad to set up Suzuki Innovation Centre on its campus

IIT Hyderabad and Suzuki Motor Corporation signed a three-year contract to start Suzuki Innovation Centre (SIC) with the vision of "creating innovations for India and Japan"

Logistics company Shiprocket invests $1.5 million in Logibricks

Tech-enabled logistics and fulfilment firm Shiprocket has invested $1.5 million in Logibricks for product revamp, talent acquisition and product innovation, among others.

Adani Green Energy arms raise Rs 612 cr for debt refinancing

Three arms of Adani Green Energy Ltd (AGEL) have collectively raised Rs 612.30 crore through their maiden domestic bond issue on private placement basis for debt refinancing

Micro gold savings app Jar raises $32 million led by Tiger Global

Fintech startup firm Jar said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.

Real estate firm Godrej Properties calls off its deal with DB Realty

Godrej Properties has decided to cancel its plans to invest Rs 700 crore in DB Realty to acquire 10 per cent stake and set up a joint platform

Tata Steel PAT up 139% to Rs 9,598 cr in Dec qtr on economic recovery

Consolidated turnover was at Rs 60,783 crore in the quarter compared to Rs 41,935 crore a year back

Paytm loss widens 45% to Rs 778 cr in Q3, revenue rises 89%

The number of loans through the fintech platform grew to 4.4 million in Q3 of FY22, representing a growth of 401 per cent year on year - whereas value of loans rose 366 per cent to Rs 2,181 crore

Aditya Birla Fashion to set up subsidiary for entry into D2C space

Venture will initially be funded through ABFRL's internal accruals and at an appropriate time, the firm will look to bring in external capital to accelerate growth

FRL's lenders to meet on Saturday to decide on future course of action

This, while Future Retail has sought ten days from Supreme Court to work out a settlement for payment of dues

Jio picks up 25% stake in deep tech start-up Two Platforms for $15 million

Founded by Pranav Mistry, Two Platforms is an artificial reality company which focuses on building interactive and immersive AI experiences

Drugmaker Cipla to buy 32.49% stake in AMP Energy Green Eleven

AMP Energy Green Eleven was incorporated on November 21, 2020, and is engaged in the business of generating and supplying electrical power generated using solar energy

Clear starts crypto tracking, tax management for retail investors, firms

Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions

Godrej Properties decides not to go ahead with DB Realty investment

The real estate firm said the decision was taken after receiving shareholders' feedback. On Friday, the company's scrip fell nearly 10% on BSE

Jio acquires 25% stake in deep-tech startup Two Platforms for $15 mn

Two Platforms is an artificial reality company with focus on building interactive and immersional AI experiences

ExxonMobil eyes more long-term gas supply deals with India

At present Exxon has a long-term contract to annually supply 1.5 million tonnes of liquefied natural gas to Indian firm Petronet LNG

Govt wants private companies to set up new manufacturing units fast

The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024

PVR, M3M India in agreement to set up 8-screen multiplex in Gurugram

Movie theatre company PVR on Friday signed an agreement with real estate firm M3M India to set-up an 8-screen multiplex at 65th Avenue

IL&FS sells its 35% stake in WCBTRL, resolves Rs 324 cr group debt

Accordingly, the stake was sold to IL&FS' majority joint venture partner Vishvaraj Infrastructure Limited (VIL)

Tesla's call for tax breaks rejected by India in further setback

CEO Elon Musk wants India to lower taxes -- as high as 100% on imported EVs -- to enable the company to first sell vehicles built elsewhere at competitive prices

NTPC could build new coal-fired power plants if needed, says chairman

India's top power producer NTPC Ltd could build new coal-fired power plants if needed, the state-run company's Chairman Gurdeep Singh said on Friday.