Page 580 - Company News

GFL subsidiary GFCL EV raises Rs 1,000 cr to drive EV, ESS growth

The company's stock fell 6.94 per cent to Rs 4,386.85 per share on Wednesday on the BSE

BEML aims for Rs 900 cr capex till FY25, re-enters building equipment space

The company, formerly Bharat Earth Movers Limited, recently underwent a significant business restructuring, establishing 11 strategic business units (SBUs) and two micro business units

GMR Group secures Rs 6.3k cr investment from Abu Dhabi Investment Authority

Hopes for significant reduction in its pledged shares upon completion of debt deal

Muthoot Finance raises $400 million via USD notes, oversubscribed 3.9x

The funds raised will be used for onward lending and other activities permitted under the external commercial borrowing guidelines of the Reserve Bank of India

Dr Lal PathLabs Q2 results: Profit up by 18.2%, revenue rises by 9.8%

The company, which operates 280 labs across India and is on track to open 15-20 new labs this year as part of its expansion efforts, is also exploring acquisitions in southern India

Sona Comstar to buy Escorts Kubota's railway equipment biz for Rs 1,600 cr

The transaction is being carried out for a lump sum cash consideration of Rs 1,600 crore subject to the terms of the agreement, it added

Outbound M&A by Indian firms to rise on back of strong balance sheets: Citi

The last two years have been transformative for investment banking in India, not just in terms of the volume of activity, but also the quality of deals and their impact on businesses

Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024

In 2024, a report compiled by consultancy Public First, estimates that driver-partners earn an additional 60% a year in higher income through Uber, relative to their next best alternative type of work

Two units of Adani Road Transport accept bids for Rs 1,125 cr bond issue

Mancherial Repallewada Road and Suryapet Khammam Road accepted bids worth Rs 237 crore and Rs 282 crore

SBI Life Insurance Q2 results: Net profit jumps 39% to Rs 529 crore

The insurer had posted a profit of Rs 380 crore in the July-September quarter of the last financial year

UAE's sovereign wealth fund to invest $750 mn in debt of GMR Group

The investment will also allow the Indian company to reduce the pledged shareholding on its airports business

Heineken's premium beer volume rises 4.5% in Q2, Kingfisher Ultra chips in

Heineken NV is the promoter of United Breweries Ltd which has a range of beers under the Kingfisher brand besides other labels such as Zingaro and Kalyani Black Label, among others

JLR expands global innovation network with new tech hub launch in India

"India's rapidly-growing startup sector and JLR's already established presence and close links to the Tata Group make the country the ideal location for the newest innovation hub," JLR's Innovation

WHO approves Zydus Lifesciences' typhoid vaccine for UN procurement

Typhoid affects an estimated 11 to 21 million people annually, leading to between 117,000 and 161,000 deaths

Byju's in trouble again as SC scraps NCLAT ruling on insolvency proceedings

A bench led by Chief Justice DY Chandrachud revoked the NCLAT's approval of Byju's settlement of Rs 158.9 cr in outstanding dues to the BCCI

Tech Mahindra boosts workforce by 6,653 in Q2, headcount climbs to 154,273

As of September, Tech Mahindra's employee count rose to 154,273 from 147,620 last quarter, while attrition slightly increased to 10.6 per cent, with IT attrition at 11 per cent

Vedanta Resources raises $300 mn through tap issue on existing bond issue

In September, Vedanta Resources had raised USD 900 million in its first dollar bond issue in more than two years to prepay existing bonds

Zomato raises platform fee to Rs 10 as festive season demand spikes

With a reported order volume of 647 million in FY23, the Re 1 increase could add Rs 65 crore to Zomato's annual revenue

Air India, SIA expand codeshare agreement; add 40 int'l, 11 Indian cities

Subject to regulatory approvals, the codeshare flights will be progressively made available for sale through the airlines' respective booking channels

RInfra to invest Rs 10,000 crore in Maharashtra defence project

The new export-oriented project will be the largest greenfield defence initiative in India undertaken by a private sector company