Page 552 - Company News

Reliance Power, R-Infra reconstitute boards with four new directors

The companies elevated their four senior officials to the board

NTPC pays Rs 2,424 crore as interim dividend to shareholders for FY25

The company paid its first interim dividend of Rs 2,424 crore for the financial year 2024-25 on November 18, representing 25 per cent of the company's paid-up equity share capital

Hilton partners with Olive by Embassy to launch 150 Spark hotels in India

Spark by Hilton initially launched in the US, followed by Canada and the UK. Next, Austria and Germany will witness the launch. Spark by Hilton currently accounts for 200 properties globally

Xiaomi raises 2023 EV delivery target to 130k units on strong demand

EV and plug-in hybrid sales in China have grown to account for over half of overall sales in the world's largest auto maker

NextGen CEOs to focus on innovation and inclusion to build Viksit Bharat

During a panel discussion on young leadership at the 11th SBI Banking and Economics Conference, young CEOs explored strategies to future-proof Indian enterprises

SpiceJet faces fresh insolvency pleas from Sabarmati Aviation, JetAir 17

In the matter of JetAir 17, the NCLT asked the company to file additional documents to support its claims as SpiceJet contended that it has not entered into a lease agreement with it

MakeMyTrip to acquire Happay's expense management platform from CRED

CRED is a members-only app that allows users to make payments and manage credit cards. Happay is an expense management application

Supply chain fintech VoloFin secures $50 mn in funding from major US bank

The Singapore-based fintech firm aims to increase this funding limit to $150 million over the next two to three years

hBits announces Rs 54.66 cr Grade A investment in MMR's growing BFSI demand

hBits' latest Grade A commercial asset is located at Ashar IT Park, Wagle Estate, Thane

Zepto expands cafe service to major cities; eyes Rs 1k cr revenue run-rate

Serving the concept of a quick meal for today's fast-paced urban lifestyle, the online cafe features a diverse menu with over 148 items, including freshly brewed chai and coffee

Bajaj Finance's FD book grows 21% to Rs 66,131 cr as on September end

Bajaj Finance has emerged as India's largest deposit-taking NBFC. It presents an opportunity for savers to secure stable and better returns in prevailing market conditions

MakeMyTrip inks deal with Cred to acquire Happay Expense Platform

Happay's team will continue to serve its existing clients and collaborate with MakeMyTrip's corporate travel services team to offer enhanced solutions

Godrej Agrovet, Provivi partner to launch eco-friendly pest control

The biodegradable pest control products are expected to be available to Indian farmers by 2029, the companies said

WeWork India appoints Virwani as non-exec chairman, Karan to be MD, CEO

Mahua Acharya and Anupa Rajiv Sahney have joined as Independent Directors

India's Apollo Radiology acquires reporting wing of UK's InHealth Group

This acquisition strengthens ARI's commitment to addressing the critical shortage of radiologists globally and enhancing access to quality diagnostic services in the UK

Enviro Infra Engineers IPO to open on November 22; eyes Rs 650 crore

The initial share sale will open for public subscription on November 22 and conclude on November 26

Odysse to give 40,000 EVs to Zypp as investment deal, says CEO Nemin Vora

The new investment in Odysse Electric signifies a pivotal moment. Zypp Electric's deep industry expertise and vision of fleet electrification will significantly accelerate our nationwide expansion

Meesho acts against 22 mn suspicious transactions, files 12 cases in a yr

Meesho launched a proactive investigation that led to filing of 9 cases against over 40 suspects in Kolkata and Ranchi

Amazon shifts to new office near Bengaluru airport in cost-cutting move

Amazon currently occupies almost 500,000 sq ft of office space at the World Trade Centre (WTC), a 30-floor building owned by Brigade Enterprises Limited

Adani Green Energy to raise $2 bn via bonds, loans for renewable projects

Adani Green Energy to raise $2 billion via bonds and loans, focusing on renewable projects, including Khavda solar park expansion, while targeting a 50 GW capacity by 2030