Page 2241 - Company News

APSEZ cargo handling jumps 35% to 234.3 MT during April-December

Its ports, excluding Mundra, grew 74 per cent and contributed 52 per cent of the total cargo basket, APSEZ said in a filing to the BSE

iD Fresh Food raises Rs 507 crore in Series D round of funding

This new investment would help the Bengaluru-based company expand operations across key markets in India and other geographies

GAIL completes acquisition of bankrupt IL&FS' 26% stake in OTPC

State-owned gas utility GAIL (India) Ltd on Tuesday said it has completed the acquisition of IL&FS' 26% stake in ONGC Tripura Power Company

Bharti Airtel withdraws corporate structure announced in April 2021

Bharti Airtel to continue with existing corporate structure, pursuing plan to merge DTH operations with Airtel

Delhi HC rejects Future's plea for termination of Amazon arbitration

Amazon and Future have been locked in a bitter legal tussle after the US e-commerce giant dragged Future Group to arbitration at the Singapore International Arbitration Centre in Oct 2020

L&T's construction arm receives significant order from DMRC

Larsen and Toubro (L&T) classifies a contract worth Rs 1,000-2,500 crore as a significant order

IRDAI caps value of surety insurance contracts at Rs 500 crore

The IRDAI has also stipulated that the non-life insurers wanting to underwrite the surety insurance risks should have a solvency margin of 1.25

Colgate in talks with India sales agents after disruption threats

Last week, a group of distributors said they will stop some Colgate products from Jan. 1 in western Maharashtra state, the richest and one of the most populous in India

Atos plans to hire 15,000 people in the next 12-18 months in India

Atos has around 40,000 employees in India. The company had a total revenue of Euro 11 billion for the 2020 calendar year

Post DHFL acquisition, Piramal Capital to open 100 branches

Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance plans to open 100 branches and expand to 1,000 more cities in coming years

Rotomac owner Vikram Kothari passes away in Kanpur at the age of 73

Vikram Kothari, managing director of Rotomac Group, passed away in Uttar Pradesh's Kanpur on Tuesday morning

Moody's assigns Baa2 rating to Reliance Industries' proposed USD bonds

Moody's Investors Service assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited. The outlook on the rating is stable.

Alembic gets USFDA nod for generic drug to treat bacterial infections

The company has received approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Doxycycline Hyclate delayed-release tablets

LIC's assets at $463 billion exceeds the GDP of several economies

LIC assets at $463 billion exceeds the GDP of several economies, and it is ranked 5th globally in terms of life insurance GWP and 10th globally in terms of total assets.

Social commerce industry to touch $1.2 trn by 2025 globally: Accenture

Just under two thirds of social media users surveyed said they made a social commerce purchase in the last year, which Accenture estimates to reflect nearly 2 bn social buyers globally

Centre opposes Swamy's plea in HC seeking to quash AI disinvestment process

On October 25 last year, the government signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore

Innoviti raises Rs 80 cr in first close of its Series D fund round

Innoviti is looking at raising Rs 400 crore in primary funding in Series D to fuel its growth with a plan for a listing in the next two to three years.

JSPL steel production rises 9% to 5.9 mn tonnes in April-Dec 2021

Jindal Steel and Power Limited (JSPL) said its steel production rose to 5.90 million tonnes during April-December 2021

BMW India sales up 34% to 8,876 units in 2021, highest growth in decade

German automaker BMW on Tuesday reported a sales growth of 34 per cent last year over 2020, its highest growth in a decade in India, with a dispatch of 8,876 units.

Alternative credit platform BlackSoil raises Rs 70 cr through NCDs for NBFC

BlackSoil Capital is an RBI-registered, non-deposit taking NBFC that predominantly operates in the venture debt space