Page 563 - Company News

Aircraft grounding crisis has peaked, says IndiGo CEO Pieter Elbers

"We've turned the corner," Chief Executive Officer Pieter Elbers said in an interview with Bloomberg Television on Tuesday

JSW Energy tops rivals Adani, NTPC as highest bidder for KSK Mahanadi

Bid propels RE firm to the forefront of power generation in Chhattisgarh

Yes Bank looking to sell Rs 635 cr of non-performing unsecured loans

JC Flowers seeks counter bids to sell Rs 1,290 cr of erstwhile Yes Bank loans

Realty firm House of Hiranandani plans to invest Rs 12,500 cr in Mumbai

In addition to housing, the company is expanding its commercial portfolio in Mumbai and Thane. It currently manages 4.5 million square feet of commercial space

Tata Power Renewable, IndusInd Bank partner to finance solar projects

This alliance will provide MSEs with collateral-free solar financing, by offering loans ranging from Rs 10 lakh to Rs 2 crore, Tata Power Renewable Energy said

Govt to slap penalties on General Electric over fighter jet engines delay

Delivery of the F404 engines for Indian Air Force's locally-made Tejas Light Combat Aircraft Mk1 series was pushed back to March 2025, the official said

PayPal expects Q4 revenue below estimates as profit push puts growth behind

Efficiency has been a focal point for PayPal as CEO Alex Chriss, who took the helm last year, pushes for cost discipline through job cuts and higher investments in automation and AI

Razorpay says payment gateway business grew 24% in revenue in FY24

Fintech company reports growth despite restriction on taking in new customers

Swiggy raises primary issuance to Rs 4,499 cr, cuts OFS to 175.1 mn shares

Swiggy adjusts valuation, targets Rs 11,300 cr IPO with Nov launch, amid market volatility

Jio Financial Services launches SmartGold for digital gold purchase

Customers can redeem their SmartGold units for cash or physical gold anytime they wish

Jio Payment Solutions gets RBI greenlight for online payment aggregation

The authorisation, effective from October 28 permits JPSL to handle digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007

Indian lenders face growing defaults from over-leveraged retail borrowers

Defaults have also risen in the microfinance segment, which includes loans given to low-income borrowers.

Air India suspends 10 crew members amid protest over revised layover policy

Ahead of its scheduled merger with Vistara in November, Air India introduced a new layover policy for cabin crew requiring some to share rooms during layovers, effective December 1

Mahagenco-NTPC emerges as top bidder for Sinnar Thermal at Rs 3,800 crore

The Mahagenco-NTPC has outbid at least seven others including Adani Power, Vedanta Group, Jindal Power, Orissa Metaliks, and Singapore-based VFSI Holdings

LG Electronics' FY24 revenue rises 7.5% to Rs 21,352 cr, profit grows 12.3%

The total tax expense of LG Electronics India in FY24 rose by 11.36 per cent to Rs 526 crore

HSBC's third-quarter profit tops estimate, launches $3 bn buyback

HSBC's revenue grew 5 per cent in the quarter ended September to $17 billion from a year earlier, with volatile market conditions supporting higher customer activity in wealth products

JSW Group, Korea's Posco partner to develop integrated steel plant in India

JSW Group and South Korea's Posco Group will also be exploring joint ventures in production and manufacturing within the electric vehicle sector

Wheels India pegs to double hydraulics business in next 2-3 years: MD

The contribution from the hydraulics business to Wheels India Ltd is currently at Rs 150 crore

Kunal Kamra 'accepts' Bhavish Aggarwal's job offer amid Ola service row

Kamra recently posted on X (formerly Twitter) that he already feels like an "Ola employee" due to the influx of customer complaints tagging him

CM Naidu meets Adani Group delegation to discuss investment opportunities

Discussions covered projects with the potential to drive comprehensive growth across the state in key sectors