Page 330 - Company News

Avendus raises Rs 1,000 cr in first close of third structured credit fund

Avendus Structured Credit Fund III secures Rs 1,000 crore in first close as investors seek tailored private debt with target IRRs of 16-18 per cent amid lending constraints

Toyota posts strong sales but remains cautious on profit amid rising costs

Japan's top automaker Toyota reported record sales for the fiscal year through March on Thursday, but its profit for the latest quarter faltered partly because of a certification scandal.

Reliance withdraws trademark application for 'Operation Sindoor' title

Reliance Industries withdraws 'Operation Sindoor' trademark bid, says filing was unauthorised; calls the term a national symbol of bravery

Uber CEO tells staff to return to office or leave amid new workplace rules

Uber CEO Dara Khosrowshahi backs return-to-office push, says employees who are unhappy with new workplace policies are free to leave as changes take effect

Flipkart VP Ashish Vijayvergiya to launch new startup within company fold

Flipkart's Ashish Vijayvergiya to lead a new internal venture, following the model of earlier in-house startups like PhonePe and super.money

Jaguar Land Rover, Diageo among winners as UK-India sign model trade deal

Free Trade Agreement announced after three years of negotiations, will make it cheaper for UK firms to sell their whiskeys, cars, auto parts, cosmetics, biscuits, clothes and electrical machinery

Policybazaar parent PB Fintech's new India hospital venture raises $218 mn

The venture, PB Health, will use the funds to set up four to five hospitals in and around New Delhi by 2027

Air India, AI Express offer free rescheduling of tickets for armed forces

Air India and AI Express offer full refunds and one-time rescheduling for defence fare bookings till 31 May 2025, amid recent military strikes on terror camps in Pakistan and PoK

Fintech giant Paytm set to go slow on hiring replacements for exiting staff

Paytm's non-sales employee cost dropped 35.6 per cent in Q4FY25 as the company opted not to backfill roles, leaning on AI to enhance productivity and trim expenses

Delhi HC bars Gensol & BluSmart from transferring or selling over 220 EVs

Delhi HC bars BluSmart and Gensol from creating third-party rights over 220 EVs leased by SMAS Auto and Shefasteq, taking total restricted vehicles to 490

Dabur to drop weak products, targets double-digit growth by FY28

The FMCG firm will phase out underperformers like Vedic Tea and Dabur Vita while investing in core and premium products to fuel long-term growth amid a weak demand climate

Reliance Power allots shares worth Rs 348 cr to Reliance Infra, Basera

Reliance Power has allotted 10.55 crore shares to Reliance Infra and Basera Home Finance after early warrant conversion, boosting its clean energy expansion

United Breweries profit up 19.8% at Rs 97.7 cr, revenue down at Rs 4,427 cr

Its total expenses were at Rs 4,303.09 crore, down 8.54 per cent in the March quarter of FY25

Jio adds 2.1 mn mobile users in March; Airtel gains 1.2 mn: Trai data

Total wireless (mobile+5G-FWA) subscribers increased from 1,160.33 million at the end of February-25 to 1,163.76 million at the end of March-25

SAT denies interim relief to Gensol in Sebi fraud case, reply due in 2 wks

SAT has asked Gensol to respond to Sebi's charges within two weeks even as MCA and EOW intensify scrutiny into alleged fund diversion and forged documentation

Samsung TV sales cross Rs 10k cr in 2024, aims double-digit growth this yr

Though 2024 was not a good year for the TV industry, which witnessed a decline in sales, Samsung, a market leader in the segment, is observing "some green shoots"

CoinSwitch's fifth PoR shows ₹625 crore surplus over customer holdings

CoinSwitch's fifth proof of reserves report shows total holdings of Rs 2,764.2 crore as of March 2025, exceeding customer assets by Rs 625.56 crore in crypto and INR

TCS leases Hyderabad commercial space for Rs 4.37 crore a month

The 15-year lease covers 10.2 lakh sq ft at Rs 43 per sq ft with a rent hike of 12 per cent every three years and a deposit of Rs 26.2 crore paid upfront

NTPC to raise ₹4,000 crore via NCDs through private placement on 9 May

State-run power giant NTPC on Wednesday said it has decided to raise Rs 4,000 crore through the issuance of non-convertible debentures on a private placement basis on May 9.

Novopor acquires Pressure Chemical to boost specialty chemical scale

Novopor's acquisition of US-based PCC strengthens its specialty chemical platform with expanded technical capabilities, pilot-scale to large-scale manufacturing access