Page 338 - Company News

Mindspace Reit to raise Rs 1,800 crore through debt securities, CPs

Board committee approves Rs 1,800 crore fundraise plan via non-convertible debt and commercial papers amid rising NOI and strong leasing growth in FY25

Ola to consolidate brand IPs to streamline governance, rejig structure

The move follows Ola Electric's public listing last year and will be carried out through a newly formed entity under the control of the founder's family office

Prestige Estates to invest Rs 10K cr in 62 acre Ghaziabad township project

On April 29, Bengaluru-based Prestige Group announced its entry into Delhi-NCR's residential market. It is already developing a commercial project at Delhi's Aerocity comprising hotels, office spaces

Kajaria Ceramics exits from plywood business due to continued losses

The company has fully impaired its investment and loan to Kajaria Plywood, amounting to Rs 112.38 crore, and expects to close the plywood business by June 30, 2025

SC ruling on BPSL likely to have adverse bearing on JSW Steel's financials

CreditSights said if JSW Steel fails in its attempts to save the BPSL asset, the company will have to surrender BPSL back to the NCLT, resulting in a deconsolidation of BPSL's financials

TPG acquires 35% in SCHOTT Poonawalla, SII retains minority stake

SCHOTT Pharma keeps 50% stake in Indian JV as TPG joins with Novo Holdings to support global pharma supply chain growth; deal expected to close in H1 2025

JBM Auto Q4 results: Profit rises 20% to ₹66 cr on increased sales

Net sales including other operating income during the quarter under review rose 10.75 per cent to Rs 1,645.70 crore from Rs 1,485.95 crore in Q4FY24, the company said in a statement

Sundaram Finance plans to raise over Rs 6K cr in current FY to drive growth

The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits

J&K Bank aims to cross ₹5,000 cr profit mark by 2030: MD & CEO Chatterjee

Chatterjee emphasized on the need for the bank to focus more on supporting the agriculture sector, while expanding its footprints in the rest of the country as part of its diversification plan

Blinkit delivery staff say IDs blocked after strike, restored on apology

Delivery partners said the company asked them to give written assurance against repeating such actions, warning it could take any action if they failed to comply

TCS pays 100% quarterly variable allowance to over 70% of employees

The company clarified that for employees in other grades, the QVA payout is determined by the performance of their respective business units

Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit

Public sector lender Union Bank purchased 189,450 paperback and 10,422 hardcover copies of Krishnamurthy V Subramanian's book 'India@100: Envisioning Tomorrow's Economic Powerhouse' for ₹7.25 crore

Brookfield India REIT Q4 NOI rises 16% to ₹488.5 cr, ₹319 cr payout planned

During the full 2024-25 fiscal, the NOI grew by 37 per cent to ₹ 1854 crore from ₹1,350 crore in the preceding year

Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju

The DFS is assessing the Supreme Court's Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank's 61 per cent stake sale will conclude in 2025

NCLT, NCLAT can't review PMLA decision: Supreme Court in BPSL case

The Supreme Court has ruled that NCLT and NCLAT lack judicial review power over statutory decisions under the PMLA in the Bhushan Power and Steel liquidation case

Coal India resumes discussions with Chile to acquire lithium blocks

These talks had previously been halted because the Chilean government required CIL to have prior experience in mineral mining

Indian GCCs shaped our global tech road map: Sabre CEO Kurt Ekert

Sabre's India GCC plays a central role in building AI-based forecasting, pricing, and retail platforms that power travel innovation for global airlines and hotels

Adani Cement hits 100 MT capacity; Gautam Adani hails record pace

The business tycoon further said that Adani Cement is now one of the most efficient cement manufacturers on the planet

DCM Shriram Q4 results: Profit jumps 52% YoY to ₹178.91 cr on higher income

Total income rose to Rs 3,040.60 crore in the January-March period of the last fiscal from Rs 2,555.23 crore

Bain Capital seeks CCI nod to acquire stake in Manappuram Finance

Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal.