Page 593 - Company News
PVR Inox ventures beyond cinema, to launch first food court in December
The company said in a BSE filing that the food court business would remain separate from the in-cinema F&B revenue
 "PVR Inox ventures beyond cinema, to launch first food court in December")
Adani Green calls off dollar bond sale as investors bid at higher yields
Investors were seeking higher yields due to broader market uncertainty related to the US presidential elections and domestic political risks which could impact the bond issuers' repayment ability
 "Adani Green calls off dollar bond sale as investors bid at higher yields")
PVR Inox to find its comeback role in Q4, says CFO Gaurav Sharma
PVR Inox to hit play on profitability with big releases, bigger footfall
 "PVR Inox to find its comeback role in Q4, says CFO Gaurav Sharma")
Changing scenario: Debt-free Tata Sons has firepower for newer biz
A low leverage ratio, such as in 2005-06 and 2014-15, has been followed by a spurt in Tata Sons' equity investment in various listed and unlisted ventures
 "Changing scenario: Debt-free Tata Sons has firepower for newer biz")
37-day strike by workers at Samsung's Sriperumbudur unit finally ends
Wage hike, assurance of no disciplinary action behind the breakthrough
 "37-day strike by workers at Samsung's Sriperumbudur unit finally ends")
Prasun Sikdar appointed as MD, CEO of Bima Sugam India Federation for 3 yrs
Sikdar's appointment as MD and CEO was approved by the Insurance Regulatory and Development Authority of India
 "Prasun Sikdar appointed as MD, CEO of Bima Sugam India Federation for 3 yrs")
Not price cut, but festive discounts: Ola Electric on ARAI notice
The Boss sale of Ola is already under regulatory scanner as the Automotive Research Association of India (ARAI) has raised concerns over the company's recent pricing practices
 "Not price cut, but festive discounts: Ola Electric on ARAI notice")
Festival season, discounts boost Ola Electric's daily average sales
This pricing strategy positions Ola Electric as a formidable contender, making it a tough act to follow in the competitive landscape, said market observers
 "Festival season, discounts boost Ola Electric's daily average sales")
A general framework for Cloud-driven AI needed, says Jio executive
Jio aims to provide subscription-based AI services to small businesses across sectors
 "A general framework for Cloud-driven AI needed, says Jio executive")
Shapoorji Pallonji Real Estate, Kanodia to develop 1.74 acre luxury project
Spanning across 1.74 acres, the project will consist of luxury apartments, targeting homebuyers in the National Capital Region (NCR), the company said in a statement
 "Shapoorji Pallonji Real Estate, Kanodia to develop 1.74 acre luxury project")
Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns
Jain exited the company after putting in around three years, marking another high-profile exit from the Bengaluru-headquartered group this year
 "Bhavish Aggarwal-founded Krutrim AI's business head Ravi Jain resigns")
US-based Capital group divests 1.7% stake worth Rs 148 cr in IT firm Mastek
US-based Capital group through its arm SmallCap World Fund Inc offloaded 5.30 lakh shares, amounting to a 1.7 per cent stake in Mastek
 "US-based Capital group divests 1.7% stake worth Rs 148 cr in IT firm Mastek")
Tata AIA Life nets Rs 25 cr premium since starting policy sale on Neu App
Customers can get insurance policies in three clicks on the Tata Group's super app
 "Tata AIA Life nets Rs 25 cr premium since starting policy sale on Neu App")
PVR Inox Q2FY25 results: Multiplex firm slips into red with Rs 11.8 cr loss
PVR Inox said it expects to add 110-120 screens in the year ending March 2025. So far this fiscal year, it has added 71 and closed 42 screens
 "PVR Inox Q2FY25 results: Multiplex firm slips into red with Rs 11.8 cr loss")
Creditors delayed resolution process for Jet Airways: Winning bidder to SC
The NCLAT had directed the Jet Airways monitoring committee to complete the transfer of ownership within 90 days
 "Creditors delayed resolution process for Jet Airways: Winning bidder to SC")
Adani Energy Solutions acquires 2 SPVs from PFCCL for about Rs 38 cr
AESL stated that on October 14, 2024 it executed share purchase agreements with PFCCL for acquiring 100 per cent equity shares of Jamnagar Transmission Ltd and Navinal Transmission Ltd
 "Adani Energy Solutions acquires 2 SPVs from PFCCL for about Rs 38 cr")
Govt to sell up to 5% stake worth Rs 2,026 crore in Cochin Shipyard
The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at Rs 2,026 crore ($241.2 million)
 "Govt to sell up to 5% stake worth Rs 2,026 crore in Cochin Shipyard")
CCI clears Central Bank of India's stake acquisition in Future Generali
FEL holds direct and indirect investments in the general insurer, Future Generali India Insurance Company Limited, which is a joint venture between the company and Genera Group
 "CCI clears Central Bank of India's stake acquisition in Future Generali")
Aditya Birla Sun Life AMC plans AIF expansion with private credit schemes
The AMC expects the private credit segment to grow to $3.5 trillion by 2028 in India
 "Aditya Birla Sun Life AMC plans AIF expansion with private credit schemes")
Birla confident of VIL turnaround; fundraise, capex cycle bolster telco
During the inauguration of IMC and ITU-WTSA 2024, Birla told reporters that while Vodafone Idea Ltd (VIL) has been written off several times in the past
 "Birla confident of VIL turnaround; fundraise, capex cycle bolster telco")