Page 441 - Company News

Coffee Day Enterprises negotiates settlement with IDBI Trusteeship

On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT over the plea of DBI Trusteeship Services Ltd (IDBITSL)

GAIL revives plan to buy US LNG as Trump ends ban on export permits

GAIL had to stall its 2023 process to buy a stake of up to 26 per cent in an LNG plant in US after then-President Biden paused approvals for pending and future applications to export LNG

Hudco raises Rs 2,910 crore; Sidbi garners Rs 6,000 crore through bonds

Cut-offs rise by 7-10 bps since rate cut

Market regulator Sebi bars Kalahridhaan Trendz from securities market

Sebi conducted an inspection of the small and medium enterprise (SME) listed on NSE's SME exchange after receiving a complaint from HDFC Bank regarding a loan repayment default

Religare saga: Rashmi Saluja plans to stay on until open offer ends

Shareholders have right to remove/appoint directors, say lawyers

To reduce reliance on Nvidia, OpenAI to finalise its own chip design soon

The ChatGPT maker is finalising the design for its first in-house chip in the next few months and plans to send it for fabrication at Taiwan Semiconductor Manufacturing Co

PE/VC pullback brings dark clouds over Indian climate-tech companies

Funding fell 61% to $1.3 bn in 2024

Indian Hotels set to add another 'Taj' to Mumbai, to invest Rs 2,500 crore

The construction of the Taj Bandstand, which will house 330 rooms, 85 apartments, and convention spaces, is expected to commence in 2025

Adani plans to donate Rs 6,000 cr to set up health infra with Mayo Clinic

The AHCs will comprise 1,000-bed multi-specialty hospitals, medical colleges and research facilities, among others

Berger steers clear of Akzo bid for now, eyes Rs 20K cr revenue by 2030

Responding to questions from the media on Akzo Nobel, Abhijit Roy, managing director (MD) and chief executive officer (CEO), Berger Paints India, said bids were invited

Jubilant likely to raise Rs 5,500 cr via bonds for Coke bottling biz deal

Banking sources said the group is exploring the prospect of issuing debentures

Nokia picks Intel's AI and data center leader Justin Hotard as new CEO

Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel

RIL to acquire 49% stake in London-based Oval Invincibles cricket team

The men's team of the Oval Invincibles is the reigning champion of The Hundred in 2023 and 2024

Ashoka Buildcon Q3FY25 results: Profit grows multifold to Rs 654.51 crore

The company's revenue, however, declined by 10.13 per cent Y-o-Y

IIHL to acquire Reliance Capital by Feb 26, meeting scheduled for Tuesday

As part of the funding exercise, IIHL has submitted a set of nearly 20 documents to the administrator to be placed and approved at the monitoring committee of RCL

Patanjali Foods Q3 results: Profit jumps 71% on cooking oil boost

Revenue from Patanjali's edible oils segment, which makes up nearly three-fourths of its total revenue, rose 22.5% during the quarter

Chalet Hotels to acquire Westin Resort & Spa, Rishikesh for Rs 530 crore

The company will acquire a 100 per cent stake in Mahananda Spa and Resorts, a wholly owned subsidiary of Mankind Pharma Limited

In talks with Go First lenders to rescue airline: Busy Bee Airways to NCLAT

Busy Bee told the appellate tribunal that it has met with the lenders and plans to meet them again this week. It also said that it has shared an updated proposal with the lenders

30% total sales from online delivery, says Ikea India CEO Pulverer

The company has already piloted same-day deliveries in the Hyderabad market, and is planning to launch it in other markets it operates in

HDFC Bank raises MCLR on overnight tenure by 5 basis points to 9.20%

With this revision, the bank's MCLR now ranges from 9.20 to 9.45 per cent