Page 325 - Company News

PhonePe suffers UPI outage after conducting disaster recovery drills

PhonePe's UPI services went down for over an hour on Monday evening as peak traffic exposed a network capacity shortfall during cybersecurity preparedness drills

Big Four rejig IBC verticals with fewer insolvency cases getting filed

Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84

BPSL case: JSW Steel likely to cite NCLT 2019 order in SC review plea

JSW Steel and lenders will move the Supreme Court after its verdict struck down the BPSL resolution plan, citing lack of Form H and equity infusion in the structure

Fusion Finance shares rise over 8% after Rs 800-cr rights issue success

Fusion Finance shares jumped as its Rs 800-crore rights issue saw 1.5x oversubscription, driven by strong backing from promoters and institutional investors

LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm

Seven-year contract includes AI-powered model for application management, infrastructure support and cybersecurity; firm sees boost in shares after announcement

Aequs working to become part of Apple's global supply chain from India

Leveraging the recently announced production-linked incentive (PLI) scheme for electronic components, the company is investing $100 million to enter into mechanics

Yes Bank shares rises over 2% on SMBC's Rs 13,482-cr stake acquisition

Yes Bank rose 2.35 per cent after SMBC's ₹13,482-crore stake deal but underperformed the Nifty Bank and Nifty 50 indices, which posted stronger gains

Hudco plans to refinance up to ₹7,000 crore of costly debt in FY26

Institution aims to lower cost of funds by leveraging softening rates; raised ₹2,190 crore via NCDs in May and targets ₹65,000 crore in total borrowings this year

Britannia sees steady demand recovery, expects revenue and volume growth

Another set of price hikes in first 2 months of Q1

Movies may see action-packed footfall by May-end, says PVR INOX's Bijli

PVR INOX is also banking on more initiatives like re-releases and affordable pricing initiatives like Cinema Lovers Day and Blockbuster Tuesdays

Filter Capital invests $10 mn in trade discounting platform M1xchange

According to the platform, India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSME

NCLAT rejects insolvency petition against PepsiCo India over interest claim

The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the National Company Law Tribunal (NCLT), which had rejected SNJ Synthetics's plea

Tikona Infinet resolves dispute regarding debt payments with L&T Finance

Tikona Infinet said the pact was signed on May 10, bringing closure to a previously reported shareholder matter related to Series 'E' Compulsorily Convertible Debentures (CCDs)

Gensol Engineering promoters quit after Sebi order on fund diversion

The regulator also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders

Centre terminates services of SECI Chairman R P Gupta with immediate effect

SECI was at the heart of several controversies involving Adani, JSW & R-Power

VVIP Group to invest ₹800 crore in luxury homes project in Greater Noida

Praveen Tyagi, CMD of VVIP Group, said, There is a growing demand for luxury housing in the region, which reflects buyers' evolving preferences and a keen desire for a lifestyle

China's Ant Group to sell 4% stake in Paytm for $242 million: Report

Ant, a subsidiary of Alibaba Group, will sell its stake in Paytm at ₹809.75 per share, the report added

KEC International wins ₹1,034 cr orders across key infrastructure sectors

The orders include supply of towers, hardware and poles in the Americas, establishing a semiconductor plant for a prominent private player in India, executing an upstream project

Indian startups face funding, regulation, trust challenges: Rukam founder

Jahagirdar is the Founder and Managing Partner of the venture capital firm, which has invested in startups like Beco, Sleepy Owl, Indus Valley, GO Desi, Burger Singh, and Antithesis

India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki

In addition, the new Kharkhoda plant where it initiated production in February this year, will contribute "to increased production and sales of the popular SUV Brezza"