Page 557 - Company News
IOC aims to wrap Panipat, Gujarat, Barauni refineries expansion by Dec 2025
The Gujarat refinery expansion was initially scheduled for completion by mid-2024, while the Panipat expansion has also been delayed by over a year
 "IOC aims to wrap Panipat, Gujarat, Barauni refineries expansion by Dec 2025")
Jai Balaji Ind Q2 result: PAT falls 24% to Rs 153 cr, proposes stock split
The company's board also proposed a stock split of its equity shares of face value of Rs 10 each paid up into five equity shares of face value of Rs two each
 "Jai Balaji Ind Q2 result: PAT falls 24% to Rs 153 cr, proposes stock split")
Gautam Adani hosts European leaders on tour to Khavda, Mundra projects
Industrialist Gautam Adani said that it was a privilege to host the leaders and shared insights from their discussion on sustainability and partnership
 "Gautam Adani hosts European leaders on tour to Khavda, Mundra projects")
MedPlus Health Q2: Net profit more than doubles to Rs 38.74 crore
The company reported consolidated net profit of Rs 38.74 crore ($4.6 million) for the quarter ended Sept. 30, compared to Rs 14.56 crore a year ago
Coromandel Engineering appoints G V Manimaran as CMD for five years
Manimaran has also been appointed as an additional Director (Executive), the company said in a regulatory filing
 "Coromandel Engineering appoints G V Manimaran as CMD for five years")
AI-Vistara merger now a reality; SIA to invest Rs 3,195 cr in merged entity
The completion of the much-awaited amalgamation, which was announced in November 2022, comes within six weeks of the integration of Air India Express and AIX Connect
 "AI-Vistara merger now a reality; SIA to invest Rs 3,195 cr in merged entity")
NSE and Zomato partner to boost financial literacy for delivery workers
To ensure accessibility and inclusivity, the programme will be conducted in multiple regional languages, catering to a diverse audience among the gig workforce
 "NSE and Zomato partner to boost financial literacy for delivery workers")
Unicommerce announces acquiring e-commerce technology platform Shipway
Unicommerce will buy 42.76% in Shipway for a cash consideration of Rs 68.4 cr and rest of the stake later
 "Unicommerce announces acquiring e-commerce technology platform Shipway")
Air India-Vistara merger complete; new entity to run 5,600+ weekly flights
Air India-Vistara merger: The combined airline will service 103 domestic and 71 international routes
 "Air India-Vistara merger complete; new entity to run 5,600+ weekly flights")
Awfis to design, manage 165K sq ft office space for NSE in Mumbai
Awfis already operates a co-working centre in the 10-storey commercial building 'Adani Inspire'
 "Awfis to design, manage 165K sq ft office space for NSE in Mumbai")
Hyundai Motor Q2 result: Profit drops 16.5% to Rs 1,338 cr on weak demand
The company's shares fell nearly 3 per cent before recovering to trade down about 1 per cent in late afternoon trading
 "Hyundai Motor Q2 result: Profit drops 16.5% to Rs 1,338 cr on weak demand")
Godrej Industries to buy Savannah Surfactants' food unit for Rs 76 crore
Located in Goa, Savannah Surfactants Ltd has a manufacturing capacity of 5,200 tonnes per annum of finished products
 "Godrej Industries to buy Savannah Surfactants' food unit for Rs 76 crore")
Physis Capital raises Rs 150 cr for Rs 400 cr fund, to invest in startups
Physis Capital was set-up by the founders of Inflection Point Ventures which has invested in companies like Bharat Pe, Blusmart, VideoVerse, Milkbasket, Samosa Party, Stage, and Otipy.
 "Physis Capital raises Rs 150 cr for Rs 400 cr fund, to invest in startups")
Amazon launches facility in Bengaluru to train school students in tech
Initiative in AI, robotics aims to have 4,000 'young innovators' by next year
 "Amazon launches facility in Bengaluru to train school students in tech")
Rosmerta Digital services IPO opens Nov 18, targets raising Rs 206 cr
The company initially offered vehicle registration services to Original Equipment Manufacturers (OEMs) and has since diversified into a comprehensive range of services, including garage services, last
 "Rosmerta Digital services IPO opens Nov 18, targets raising Rs 206 cr")
AI Express to reconfigure planes with biz class seats from April 2025
Amid supply chain woes impacting fresh aircraft deliveries, the airline has, so far, inducted 35 white-tail Boeing 737-8 planes
 "AI Express to reconfigure planes with biz class seats from April 2025")
IndiGo working with aviation ministry to extend lease of Boeing 777 planes
Currently, IndiGo is operating two wet-leased Boeing 777 planes for flights from Delhi and Mumbai to Istanbul
 "IndiGo working with aviation ministry to extend lease of Boeing 777 planes")
Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid
Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week
 "Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid")
RIL to invest Rs 65,000 crore in Andhra Pradesh for clean energy project
These projects are estimated to create 250,000 direct and indirect jobs, according to the Andhra Pradesh government
 "RIL to invest Rs 65,000 crore in Andhra Pradesh for clean energy project")
Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages
The Bhartia family and Goldman Sachs aim to co-invest in a 40 per cent stake in Hindustan Coca-Cola Beverages, backing an SPV with around Rs 3,000-Rs 3,500 crore in funding
 "Bhartia family, Goldman Sachs in talks for 40% stake in Coca-Cola Beverages")