Page 589 - Company News
Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders
The dispute revolves around the $1.5 billion Term Loan B (TLB) guaranteed by Think and Learn Pvt Ltd, the parent of Byju's
 "Byju Raveendran, Pai planning an 'out-of-court' settlement with US lenders")
Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue
The sluggish growth in foreign tourist arrivals has not impacted Hyatt Hotels, thanks to the surge in demand from domestic tourists
 "Hyatt Hotels launches new luxury venue in Mumbai to boost banquet revenue")
Reliance Infra's shareholders approve fundraise of Rs 6,000 crore
The company's board of directors had approved the fundraise on September 19
 "Reliance Infra's shareholders approve fundraise of Rs 6,000 crore")
Naturals Salon eyes disruption in personal care space via refill model
New model will shave off packing and transportation charges, and allow consumers to pay 60% less than market price
 "Naturals Salon eyes disruption in personal care space via refill model")
Reliance Infra's Rs 6,000 cr fundraising plan gets shareholders' nod
In the first phase, Reliance Infrastructure is launching the Rs 3,014 crore preferential placement by issuing 12.56 crore equity shares or convertible warrants at an issue price of Rs 240 per share
 "Reliance Infra's Rs 6,000 cr fundraising plan gets shareholders' nod")
HDFC Bank aims to reduce CD ratio, plans slower loan growth in FY25
In FY26, the bank's credit growth will be in line with system growth; in FY27, banks' credit growth to outpace system growth
 "HDFC Bank aims to reduce CD ratio, plans slower loan growth in FY25")
'UCO Bank recovers Rs 414 cr bad loans through NCLT mechanism in Q2FY24'
Of the recovered amount, Rs 393 crore came from 14 accounts resolved, and Rs 21 crore from 12 under liquidation, he said
 "'UCO Bank recovers Rs 414 cr bad loans through NCLT mechanism in Q2FY24'")
Prestige Estates to invest Rs 7,000 cr to develop township in Ghaziabad
In March, Prestige Estates Projects acquired 62.5 acres at Siddharth Vihar, Indirapuram Extension, Ghaziabad to develop a township
 "Prestige Estates to invest Rs 7,000 cr to develop township in Ghaziabad")
44% of organisations see AI as key to competitive advantage: Report
According to the "Industry 5.0 and AI report", compiled by BML Munjal University, 44 pc of organisations have experienced a significant boost in productivity through AI integration
 "44% of organisations see AI as key to competitive advantage: Report")
Borosil Group expects to cross Rs 7,000-crore revenue mark in 4 years
It plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand
 "Borosil Group expects to cross Rs 7,000-crore revenue mark in 4 years")
Bissell re-enters Indian market after 6 years, aims for future growth
Initially the company will focus on sales through online channel partners such as Amazon and Flipkart and later consider expanding offline after volume picks up.
 "Bissell re-enters Indian market after 6 years, aims for future growth")
Dipam directs officers to avoid trading in shares of state-owned firms
The official further said that while DIPAM is working towards maximising the value of CPSE shares, it should be clear that there is no way that price-sensitive information is being misused in any way
 "Dipam directs officers to avoid trading in shares of state-owned firms")
Expect pressure to ease from high natural rubber price in H2: CEAT MD & CEO
The company expects its aftermarket business to continue to grow in double digits and better performance of its international business, which was also affected by non-availability of containers
 "Expect pressure to ease from high natural rubber price in H2: CEAT MD & CEO")
HDB Financial Services aiming to raise up to Rs 12,500 cr via IPO
Last month HDFC Bank approved raising Rs 2,500 crore through an issue of shares in the IPO, marking the group's first public float in six years
 "HDB Financial Services aiming to raise up to Rs 12,500 cr via IPO")
Vedanta announces investments of Rs 1 trn in Rajasthan across verticals
Vedanta participated in the Rising Rajasthan Roadshow in the UK, which was led by Rajasthan Chief Minister Bhajan Lal Sharma and a delegation of ministers from the state
 "Vedanta announces investments of Rs 1 trn in Rajasthan across verticals")
EL&N London opens 1st Indian cafe in Mumbai, partners with Reliance Brands
Renowned for its picture-perfect settings, the launch marks EL&N London's first venture into the Indian market, a joint statement said
 "EL&N London opens 1st Indian cafe in Mumbai, partners with Reliance Brands")
Campa Cola's comeback: How Reliance is shaking up India's drink market
India's $4.6 billion soft drink market has long been dominated by Coca-Cola and PepsiCo, but Reliance's entry is now causing a stir
 "Campa Cola's comeback: How Reliance is shaking up India's drink market")
Analog Devices sees India as key R&D hub: Company's India head
On the semiconductor opportunity in India, Prasad said while the company plans to continue investing heavily in engineering talent
 "Analog Devices sees India as key R&D hub: Company's India head")
PFC, BEML ink pact to finance, infra projects in defence, railways
BEML and PFC entered into a strategic MoU which aims at intensifying cooperation in financing and executing critical infrastructure projects
 "PFC, BEML ink pact to finance, infra projects in defence, railways")
RBI lifts lending restrictions from JM Financial's non-banking unit
JM Financial's non-banking unit can now immediately offer loans against shares and debentures, according to a brief statement from the financial services group
 "RBI lifts lending restrictions from JM Financial's non-banking unit")