Page 525 - Company News

Gautam Adani, nephew not charged under US FCPA, says Adani Green Energy

In a stock exchange filing, Adani Green Energy Ltd, which is at the centre of the bribery allegations, said reports claiming that the three have been charged with FCPA violations 'are incorrect'

IndiGo issues advisory for flights to/from Chennai due to bad weather

According to the India Meteorological Department (IMD), the deep depression over the Southwest Bay of Bengal moved nearly northwards with a speed of 10 kmph in the past few hours

Delhi High Court stays SECI order barring Reliance Power from auctions

The debarment notice has raised concerns for Reliance Power, which leverages its subsidiaries to secure contracts in India's competitive renewable energy market

IT major TCS turns to home turf as it looks to redraw revenue map

Sets up vertical to focus on high-growth markets

NCLAT dismisses petition seeking insolvency against Amazon Wholesale

A three-member NCLAT bench upheld the order passed by the National Company Law Tribunal (NCLT), which had in March this year dismissed the insolvency plea filed by Multiplier Brand Solutions

Govt working on integrated platform to speed up resolution processes

The government is working on an integrated platform for the insolvency ecosystem covering key stakeholders that will also help speed up resolution processes.

Bank guarantee waiver for telecom operators comes with conditions

Additional 3 months' instalment along with annual payments to be paid

Vedanta Resources raises $800 mn from global investors via new bond issue

Vedanta Resources Finance II PLC (VRF) said in a Singapore exchange filing that it has raised $ 800 million by issuing new bonds

Adani, Wilmar delay share sale as US bribery charges hit Adani group

Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law

Swiggy share price gains 7% as UBS initiates coverage with 'buy' rating

Shares of Swiggy ended at Rs 462, valuing the company at Rs 1.03 trillion

Ola Electric rides into gig segment; set to launch sub-Rs 40K e-scooter

Ola Electric aims for wider adoption through collaboration with Ola Cabs

Moody's and Fitch take rating action against Adani group companies

The rating action by Moody's, Fitch, and earlier S&P Global may weaken the group's access to external funding and increase its capital costs

SoftBank founder Masayoshi Son likely to meet PM Modi on Wednesday

While the matter of discussion was not immediately clear, the visit comes as SoftBank eyes more artificial intelligence and technology bets in Asia's third-largest economy

Valuations factor in the positives for Hitachi Energy India's stock

Hitachi Energy is poised to benefit from its presence in high-growth segments such as renewable energy, transmission, data centres, e-mobility, railways, battery storage, etc

Mahindra & Mahindra unveils latest XUV 9e and BE 6e electric SUVs

The company claims a real-world range of over 500 km on a single charge for the 79 kWh battery pack, which supports fast DC charging of up to 175 kW

Infosys to give 90% bonus payouts to eligible employees for Q2 FY25

The Q2 bonus is also higher than the firm's Q1 FY25 bonus, which was around 80 per cent, and significantly higher than the 60 per cent bonus in Q4 FY24

TakeMe2Space set to launch India's first AI laboratory in space

The mission will demonstrate real-time data processing in orbit, making space research more affordable and accessible

Arbitral tribunal rejects Zee Entertainment's claims against PSU RailTel

Zee Entertainment Enterprises Ltd (ZEEL) and its subsidiary had initiated arbitration proceedings, opposing "wrongful termination of the Content on Demand Agreement" by Railtel

Alphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

In May this year, Walmart-owned Flipkart has closed a funding round of about $ 1 billion that includes $ 350 million from Alphabet's Google

Adani Green says no fresh financial commitment with TotalEnergies

On Monday, French energy major TotalEnergies said until such time as the bribery accusations against the Adani group individuals have been clarified, it will not make any new financial contribution