Page 456 - Company News
No level playing field in allocation of bilateral rights: Akasa Air to govt
Bilateral rights, negotiated between two countries, determine the number of flights allowed between them. Each government then allocates its share to its airlines
 "No level playing field in allocation of bilateral rights: Akasa Air to govt")
Jindal Stainless Q3 results: Net profit down 5.4% to Rs 655 crore
However, the company managed to grow its sales volume from 5,12,015 tonnes in Q3 FY24 to 5,87,658 tonnes in Q3 FY25
 "Jindal Stainless Q3 results: Net profit down 5.4% to Rs 655 crore")
Ola set to unveil electric scooter based on Gen 3 platform on Jan 31
Ola Electric expects the new platform to bring in around 20 per cent margin savings
 "Ola set to unveil electric scooter based on Gen 3 platform on Jan 31")
Mindspace REIT buys commercial asset in Hyderabad for Rs 2,038 crore
Property in city central business district will 'enhance portfolio', says Mindspace
 "Mindspace REIT buys commercial asset in Hyderabad for Rs 2,038 crore")
Edtech startup Leap raises $65 mn in Series E round led by Apis Partners
Company provides services for studying abroad, has raised $200 million in equity since 2019
 "Edtech startup Leap raises $65 mn in Series E round led by Apis Partners")
LTTS signs $80 million multi-year deal with US-based manufacturer
This strategic partnership will accelerate the client's digital transformation through the integration of advanced technologies
 "LTTS signs $80 million multi-year deal with US-based manufacturer")
Rashmi Saluja seeks relief from Delhi HC ahead of Religare AGM next month
Executive chairperson has contended that her appointment is valid till 2028; Next hearing in the matter on February 4
 "Rashmi Saluja seeks relief from Delhi HC ahead of Religare AGM next month")
Aditya Birla Housing Finance raises Rs 830 cr funding from IFC through NCDs
A portion will also be allocated to supporting MSMEs (micro, small & medium enterprises), especially women-led enterprises, to drive growth and economic progress, it added
 "Aditya Birla Housing Finance raises Rs 830 cr funding from IFC through NCDs")
Sebi to auction properties of HBN Dairies in Feb at Rs 83 cr reserve price
The move is part of the markets watchdog's effort to recover money raised by HBN Dairies & Allied through illicit collective investment schemes
 "Sebi to auction properties of HBN Dairies in Feb at Rs 83 cr reserve price")
NAV Capital launches India-focused AIF fund, aims to raise Rs 500 cr
The new fund will primarily look for investment opportunities in the pre-IPO stage of companies in the high-growth sectors and small and medium enterprises (SMEs) with high-growth potential prospects
 "NAV Capital launches India-focused AIF fund, aims to raise Rs 500 cr")
Budget can be opportunity to boost domestic demand: Tata Motors Group CFO
Tata Motors' arm JLR is based out of the UK and produces EVs from the Castle Bromwich manufacturing plant, although it has a plant in Slovakia where it produces SUVs Land Rovers
 "Budget can be opportunity to boost domestic demand: Tata Motors Group CFO")
Air India flight to Mumbai mistakenly sends out hijack alert, probe ordered
The squawk code was pressed for around three minutes. After the code was relayed, the Pilot In Command (PIC) informed the Air Traffic Controller (ATC) concerned that the code was pressed inadvertently
 "Air India flight to Mumbai mistakenly sends out hijack alert, probe ordered")
Brigade Group Q3 results: PAT jumps 3-folds to Rs 236 cr, revenue rises 27%
Net bookings in the real estate segment for Q3 FY25 stood at 2.19 million square feet, with a sale value of Rs 2,492 crore
 "Brigade Group Q3 results: PAT jumps 3-folds to Rs 236 cr, revenue rises 27%")
AGI Greenpac bid for Hindustan National Glass unsustainable: Supreme Court
The case pertains to HNG, which was admitted to insolvency in October 2021. Two bidders, AGI Greenpac and Independent Sugar Corp. (INSCO), were vying for HNG
 "AGI Greenpac bid for Hindustan National Glass unsustainable: Supreme Court")
Embassy REIT Q3 results: NOI rises 9.1% amid strong office demand
The REIT declared a distribution of Rs 559 crore, or Rs 5.90 per unit, for Q3 FY2025
 "Embassy REIT Q3 results: NOI rises 9.1% amid strong office demand")
Union Bank of India to raise up to Rs 20,000 cr to finance infra, housing
On Monday, the bank reported a 28 per cent increase in net profit to Rs 4,604 crore for the third quarter ended December 2024, helped by improved core income
 "Union Bank of India to raise up to Rs 20,000 cr to finance infra, housing")
Air India to restart Delhi-Tel Aviv route from Mar 2 with 5 flights a week
On Tuesday, Israel's tourism minister Haim Katz said he was pushing for direct flight from Mumbai to Tel Aviv by Air India and Israeli airline EI AI
 "Air India to restart Delhi-Tel Aviv route from Mar 2 with 5 flights a week")
Infosys to accelerate digital learning of tech firm Siemens AC with GenAI
As part of the collaboration, Siemens' My Learning World, a digital learning platform accessible anytime, anywhere, will leverage Infosys Topaz
 "Infosys to accelerate digital learning of tech firm Siemens AC with GenAI")
I-T dept raids IIFL Finance, related entities over alleged tax evasion
In a stock exchange filing, IIFL Finance confirmed the ongoing tax searches and stated that it is fully cooperating with the authorities
 "I-T dept raids IIFL Finance, related entities over alleged tax evasion")
IFCI board okays Rs 500 cr fund infusion via preferential issue of shares
This approval is subject to an extra-ordinary general meeting to be convened on February 28
 "IFCI board okays Rs 500 cr fund infusion via preferential issue of shares")