Page 508 - Company News

SBI seeks counter bids to sell Rs 52k cr of consortium's loans in JAL

NARCL's anchor bid has triggered a Swiss challenge auction

Tata airlines overall seat capacity soars 20%, but IndiGo way ahead

Despite that the group has a long way to go even to reach half of the domestic seat capacity of rival IndiGo

Zepto slightly cuts losses to Rs 1248.6 cr, revenue doubles in FY24

The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal

LIC reduces stake in NMDC by 2%, now stands at 5.6% through market sales

The insurer sold more than 5.91 crore shares or 2 per cent stake in NMDC through a series of market sales over a period spanning from September 2023 to December 2024, LIC said in a regulatory filing

Ultraviolette plans new models, global expansion to boost retail footprint

So far, the company has deployed 1,000 vehicles on the road and aims to hit a monthly sales target of 1,000 units within the next 6 to 8 months

SC denies special treatment to CCI, refuses to transfer all probe petitions

"Only because some litigant is to be given special treatment, bypass the rules, we can't place it directly before the division bench," the Supreme Court said

LIC MF may consider IPO once AUM reaches Rs 1 trillion: MD RK Jha

Jha said that to achieve it, LIC MF has taken several initiatives. Among them is expanding its offices by tapping the vast network of Life Insurance Corporation (LIC), establishing distribution

After Zomato, Swiggy taps live events ticketing space with Scenes

The online entertainment ticketing space is expected to witness the emergence of new players and increased competition

Indus Towers to acquire 26 pc stake in JSW Green Energy Eight for Rs 38 cr

JSW Green Energy Eight was incorporated in October 2024 to build, develop, own, generate, supply, accumulate, transmit, distribute, store, purchase, and sell electrical power or any other energy by us

Aim to open 100 hospitals by 2025: Maxivision Super Specialty Chairman

By 2025, we are determined to reach near to 100 hospitals nationwide to cater to the ever-growing demand for eye care, he said in a statement.

Welspun Corp to invest $100 mn to double capacity at Little Rock facility

The unit's present manufacturing capacity is 1.75 lakh tonnes and the expansion project is expected to be executed by March 2026, the company said

SpiceJet clears Rs 160 crore pending employee provident fund dues

The low-cost carrier, which has been facing multiple headwinds, recently raised Rs 3,000 crore, following which it has been clearing statutory, GST (Goods and Services Tax) and other dues

ED action linked to fraud done by third parties, says Dentsu India

The money laundering case stems from an FIR of the Mumbai police (Worli police station) against Dentsu Communications India Private Limited and Suumaya Industries Ltd, a textile group, and its promote

Nuvama Wealth buys OYO shares worth Rs 100 cr in secondary market

A cap table (or capitalization table) is a document, like a table, that details who has ownership in a company. It lists all the securities or the number of shares including stock, convertible notes

JP Morgan-backed ISG secures RBI approval to operate as payment aggregator

The company further said the licence complements ISG's growing portfolio, including its prepaid payment instrument (PPI) licence, enabling it to offer an integrated suite of payment solutions spanning

LICO Materials opens 'zero-liquid-discharge' battery recycling facility

With India's EV industry expected to grow by 250 per cent and energy storage sector to reach 42GW by 2032, recycling of used batteries will play a crucial role in recovering critical minerals

Small town buyers, Gen Z push Meesho's order growth by 35% in 2024

Despite challenging market conditions, Meesho sustained its growth trajectory, reaching approximately 175 million annual transacting users in 2024

No problem with Adani funding Colombo Port project: Sri Lankan minister

It is a very important project for revenue generation for the port, we are keen to see it going ahead

Aviva's India executives approve brokerage model queried by tax officials

Indian tax officials have asked Aviva why it should not be penalised for the scheme in the period 2017 to 2023, which a confidential company document shows began in 2013

Brookfield India REIT raises Rs 3,500 crore via QIP to reduce debt

The issue saw strong demand from long-term investors including a mix offerings from institutions, mutual funds, and life insurance companies