Page 314 - Company News

Jio Credit raises Rs 1,000 crore in maiden bond issue at 7.19% yield

The issue included a base size of Rs 500 crore and a greenshoe option of Rs 500 crore

SAT allows Gensol Engineering to file its response to Sebi interim order

In a regulatory filing, the company said the appeal filed by it before the SAT has been disposed of, granting it an opportunity to file its response to Sebi's interim order within two weeks

Sebi warns investors as Strata exits SM REIT framework post legal row

Strata, with Rs 2,000 crore AUM, had not launched SM REIT schemes before surrendering its registration following Sebi discussions and legal proceedings

Ireda files insolvency plea against Gensol for ₹510 crore loan default

State-run Ireda files insolvency petition under IBC against Gensol Engineering after loan default; Sebi probe and promoter resignations deepen regulatory scrutiny

Airtel board to decide on converting pending spectrum dues: Gopal Vittal

Airtel has asked the DoT for clarity on converting spectrum dues into equity under the 2021 reforms, but will wait for its board to decide on exercising the option

EOW files chargesheet in Rs 122 crore New India Co-operative Bank 'scam'

Mumbai Police's EOW has filed a chargesheet in the ₹122-crore New India Co-operative Bank scam, naming ex-chairman Hiten Bhanu and his wife Gauri, who have fled India and been declared wanted

KRN Heat Exchangers Q4 results: Net profit grows 23% to Rs 15 crore

Metal products maker KRN Heat Exchangers has reported a 23 per cent rise in consolidated net profit to Rs 15 crore for the March quarter, driven by higher revenues.

Gameskraft to pause Pocket52 poker operations from May 30 for review

Gameskraft will suspend its online poker platform Pocket52 from May 30, citing a need to reassess long-term strategy, amid industry pressure from the 28% GST regime

HPE appoints Bhawna Agarwal as India MD; Satsangi to retire in July

Bhawna Agarwal takes over as MD and SVP of HPE India, succeeding Som Satsangi, who will retire in July 2025 after 27 years of service with HP and HPE

Groww Invest Tech pays Rs 47.85L to Sebi, settles regulatory lapses case

The order came after the broking company filed an application with Sebi 'without admitting or denying the facts and conclusion of law'

US declares global use of Huawei AI chips a violation of its export laws

The guidance, issued by the US Department of Commerce, clarified that Huawei's Ascend processors are subject to strict export controls because they are believed to be designed using US-origin tech

Shapoorji Pallonji Group nears record $3.4 billion private credit deal

Talks are for the three year, zero coupon rupee bond to carry an annual yield of 19.75%, and the loan to value ratio is 16%

Wipro announces digital transformation partnership with Hachette UK

Wipro will modernise Hachette UK's IT systems with SAP S/4HANA to boost efficiency, agility, and help the publisher adapt quickly to changing market needs

Tata Motors shares fall after 51% drop in March quarter net profit

Shares of Tata Motors on Wednesday dropped over 1 per cent after the firm reported a 51 per cent decline in consolidated net profit for the March quarter.

Why Moet Hennessy is slashing jobs and retreating from retail bets

Job cuts, failed acquisitions and aggressive pricing have left LVMH's spirits division in turmoil, as new leadership scrambles to stabilise performance and regain retailer confidence

Swiggy delivers over 300k cakes on Mother's Day 2025, big jump from 2024

Major cities like Mumbai, Bangalore, Delhi and Hyderabad topped the list for cake orders on Mother's Day 2025. Smaller cities like Nellore, Ujjain, Bhilwara, Kurukshetra also saw surge in cake orders

Airbnb targets India's Gen Z, millennials to drive growth: Co-founder

Under Airbnb Services, the company launched 10 categories of services which travellers can book

GreenCell Mobility gets govt's letter of award for 472 e-Buses in MP

PM e-Bus Sewa Scheme is part of the Central Government's initiative to deploy 10,000 e-buses nationwide and support the Government of India's mission to electrify public transport

Kalyan Jewellers eyes revenue growth through store-opening spree: Executive

Consumers are favouring chains over independent jewellers, shopping frequently, and spending more on gifts, Kalyan Jewellers' Executive Director Ramesh Kalyanaraman said in an interview

Coromandel, Sakarni Plaster ink deal to make green gypsum at Vizag facility

Coromandel Chemicals enters into a joint venture with Sakarni Plaster to make green building materials from phospho gypsum; to set up manufacturing unit in Vizag near fertiliser plant