Page 2376 - Company News

After Air India buy, Tata group companies can cross-sell products

Air India has a frequent flier club customer base of 3 million that can be used to offer discounted products

RIL to buy 40% stake in Sterling & Wilson Solar for Rs 2,850 crore

The company will also acquire 25.9 per cent stake by way of an open offer at the same price

EY burnishes its credentials with successful Air India sale to Tatas

With the Air India deal closed, the team at EY is gearing up for more government asset sale programmes

Dream11 suspends operations in Karnataka after police lodged FIR

Dream11 has suspended operations in Karnataka after a complaint was registered against its founders claiming it was in violation of a new state gambling law.

Media & entertainment space gets new PE fund; IMEF raises Rs 500 crore

Sources in the know said that the fund is expected to close its first deal in the next 90 days

Higher competitive pressures to weigh on IndiGo, SpiceJet

Tata's Air India win, new entrants could lead to pricing war: Experts

HC stays criminal proceedings initiated by Vindhya Telelinks subsidiaries

The Calcutta High Court, on Friday, stayed a criminal petition against "directors or erstwhile directors" on the board of three M P Birla group companies

RIL picks up 40% in SP group's Sterling and Wilson Solar for Rs 1,100 cr

Shapoorji Pallonji Group is divesting its second key asset within a month by selling 40 per cent stake in Sterling & Wilson Solar, to RIL for Rs 1,100 crore through a multi-stage transaction

CSS Corp looking at tuck-in acquisitions to enhance offerings: CEO

CSS Corp, which is looking at going in for an IPO towards the end of 2023 as a standalone business, counts India among its largest talent base

Jio Platforms Haptik claims 300% yoy growth, bullish on Whatsapp e-commerce

Haptik's customer base include Dream 11, Oyo Room, Lenskart, Ola cab, Pepperfy, Upstox, Havells, Ceat, Eureka Forbes etc.

Grundfos signs MoU with TATA Projects for projects in environment, water

The MoU with TATA Projects would be done through cooperation and joint ventures in technology, identification of market and joint business development.

Industry must begin using coal through gasification technology: JSPL MD

The gasification technology will also help India overcome the shortage of oil, gas, methanol, ammonia, urea and other products, making the country Aatmanirbhar

RBI's decision to supersede Srei's board will prevent domino effect:Experts

NCLT on Friday admitted the insolvency pleas moved by banking sector regulator RBI against the two Srei Group firms and appointed an administrator to run the companies.

Govt starts process for filling posts of independent directors in PSBs, FIs

As per the Companies Act 2013, every listed public company shall have at least one-third of the total number of directors as independent directors.

Work to monetise Alliance Air, 3 other AI subsidiaries to start: DIPAM Secy

After AI privatisation, government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets DIPAM Secy Tuhin Kanta Pandey

RIL's renewable energy arm buys REC Solar Holdings in $771 mn deal

Target is one of world's top solar cells/panel and polysilicon firms, will be key part of Reliance's new energy vision

India Inc's revenue likely grew 18-20% on-year to Rs 8.2 trn in 2nd quarter

Higher commodity prices, continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20% on-year to Rs 8.2 trn in the second quarter of this fiscal, says study

Ultratech emerges as preferred bidder for limestone block in MP

Ultratech Ltd has emerged as preferred bidder for a limestone block in Madhya Pradesh.

Discoms' outstanding dues to gencos rise 3.3% to Rs 116,127 cr in October

Total outstanding dues owed by electricity distribution companies to power producers rose 3.3 per cent year-on-year to Rs 116,127 crore in October

We are having conversation with Akasa for aircraft deal: Airbus CCO

Airbus is in conversation with Rakesh Jhunjhunwala-backed new airline Akasa for an aircraft procurement deal, a top official of the European plane manufacturer has said.