Page 640 - Company News

Kenyan court suspends govt plan to allow Adani to operate main airport

The parties also argue that the $1.85 billion deal between the government and Adani Airport is unaffordable, threatens job losses, exposes the public disproportionately to fiscal risk

M&A deal value of over Rs 2,000 crore comes under Competition Act

The government aims to scrutinise mergers that might escape under the traditional "asset" or turnover-based thresholds

Post-Covid boom in profits yet to show in India Inc capital expenditure

Corporate profits have grown at a CAGR of 32.4% since FY20 but firms' net fixed assets have grown at 8.6% CAGR in FY20-24

Boeing's shares rise after tentative labour deal that could avert strike

The proposed four-year contract was hailed by the union as the best it had ever negotiated and was cheered by investors, however, it is far from a done deal

EQT to buy GeBBS Healthcare Solutions to expand in healthcare tech

The acquisition from ChrysCapital is aimed at accelerating GeBBS' growth as demand for RCM services increases amid complex US healthcare operations

Tata Electronics signs MoU with Tokyo Electron to buy semicon equipment

Tata Electronics is building India's first Fab in Dholera, Gujarat, with a total investment of Rs 91,000 crore and assembly and testing of semiconductor chips with investment of Rs 27,000 cr in Assam

Hinduja Group's IIHL files documents to raise Rs 3,000 crore via NCDs

The proceeds will be used to part fund the acquisition of RCAP, while the other leg of the transaction to complete the process for Rs 4,300 crore is parallelly underway

GMR Airports buys Fraport's shares, raises stake in Delhi airport to 74%

The deal comes just over a month after heavy rainfall caused the airport's roof to collapse killing one person and shutting down a busy domestic terminal

HP to sign pact with Dixon's Padget to make PCs in India under PLI 2.0

Padget is setting up a new facility in Oragadam under the IT Hardware PLI (Production Linked Incentive) 2.0 Scheme for manufacturing laptops, desktops and all-in-one devices

Workers at Samsung Electronics plant begin strike, production hit

The strike comes after Samsung Electronics' biggest union in South Korea held a four-day strike in August demanding higher wages and bonuses after talks with management fell through

Civil aviation ministry trying to address SpiceJet's issues: Rammohan Naidu

To a query about air ticket prices, Naidu said airfares are market-driven and being monitored by ministry, in case there is a steep rise in airfares, then ministry will make suggestions to airlines

Some moderation in PV sales growth 'very natural': Hyundai India COO Garg

As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights. Garg, however, indicated that the situation is under control at HMIL

$500 mn in overdue power debt not sustainable: Adani Group to Bangladesh

The power deal, signed under Sheikh Hasina leadership, involves the supply of coal-generated electricity from Adani's 1,600 MW Godda plant, which the Yunus govt claims is opaque and expensive

Adani Green redeems $750 mn bonds eight months ahead of redemption date

Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold

KKR's Agrawal calls industrial infra 'next big thing' in asset class

Data centers and logistics have been big plays for alternative asset managers in real estate and infrastructure as they look to capitalize on long-term trends

Union Bank of India becomes 1st major bank to become signatory of PCAF

PCAF is a global partnership of financial institutions working to develop and implement a harmonised approach to assess and disclose greenhouse gas emissions

BoB raises Rs 5,000 cr through infra bond issue, second in a fortnight

In the latest issue, the bank got 105 bids totalling Rs 14,215 crore, of which Rs 5,000 crore were accepted, as per a statement

Airtel Finance offers FD service, partners with NBFCs, small finance banks

On the Airtel Thanks App platform, customers can book and manage fixed deposits directly without opening a new bank account with a minimum investment of Rs 1,000

Bandhan Bank's new service allows GST payment through online, offline modes

The Kolkata-based private lender has also been authorised by the West Bengal government to collect taxes and non-tax receipts since February

Tower-Adani Group fab proposal at appraisal stage under ISM: Meity

The proposal, however, is yet to be approved by the Ministry of Electronics and Information Technology (Meity) under the India Semiconductor Mission (ISM)