Page 642 - Company News
Tata Digital's FY24 losses narrow to Rs 1,200 crore, revenue doubles
The company also reported its gross merchandise value (GMV) at Rs 37,355 crore. There are 20.76 million transacting customers this year
 "Tata Digital's FY24 losses narrow to Rs 1,200 crore, revenue doubles")
Shriram Finance plans to raise $1 bn from overseas in next 6 months
To fund its business growth, the Non-Banking Financial Company (NBFC) raises resources from diversified sources like public deposits, bank finance and raising money from domestic markets
 "Shriram Finance plans to raise $1 bn from overseas in next 6 months")
Signature Global gives Rs 1,144 cr order for housing project in Gurugram
Realty firm Signature Global has given Rs 1,144 crore construction work order to Ahluwalia Contracts for development of its luxury housing project in Gurugram.
 "Signature Global gives Rs 1,144 cr order for housing project in Gurugram")
MSDE, Swiggy tie up to provide skilling, employment opportunities
The initiative will provide employment, internship and training opportunities for people in restaurant operations, and various aspects of retail management
 "MSDE, Swiggy tie up to provide skilling, employment opportunities")
Wockhardt denies Carol Info rent payment allegations, link with Sebi orders
"In this regard, we categorically deny these allegations and state that these allegations are completely baseless and misleading," Wockhardt said in a regulatory filing late Friday
 "Wockhardt denies Carol Info rent payment allegations, link with Sebi orders")
Tata aviation cuts losses by Rs 9,077 cr in FY24, Air India revenue up 24%
Air India, which was privatised in 2022, achieved its highest consolidated revenue of Rs 51,365 crore for FY24, marking a 24 per cent rise from the prior year
 "Tata aviation cuts losses by Rs 9,077 cr in FY24, Air India revenue up 24%")
Byju's hits back, says BDO's lack of communication with IRP suspicious
Byju's statement further added that they had 'multiple call recordings', where BDO representatives explicitly suggested backdating these documents, which Byju's refused to do
 "Byju's hits back, says BDO's lack of communication with IRP suspicious")
Tata Power awards contracts worth Rs 11,481 cr to local suppliers in Odisha
The joint ventures between Tata Power and the Odisha government, placed orders worth Rs 8,690 crore with local MSMEs and Rs 2,791 crore to non-MSMEs
 "Tata Power awards contracts worth Rs 11,481 cr to local suppliers in Odisha")
Byju's auditor BDO resigns after start of bankruptcy proceedings, firm says
Byju's defended its inability to provide the documents, saying in a statement the materials were requested from the firm's board, which has been suspended
 "Byju's auditor BDO resigns after start of bankruptcy proceedings, firm says")
Employee claims against Byju's top Rs 300 crore in ongoing insolvency case
But these claims still need to be reconciled with the complete and accurate books of accounts and records from the corporate debtor, in this case, the former management of Byju's
 "Employee claims against Byju's top Rs 300 crore in ongoing insolvency case")
Bomb threat: Vistara sends new aircraft to fly passengers from Turkey
It said that all the necessary checks have been conducted and the customers, along with the crew and aircraft, have been cleared
 "Bomb threat: Vistara sends new aircraft to fly passengers from Turkey")
Sanjeev Mehta quits Standard Chartered Bank, set to launch new venture
Mehta resigned in July this year with plans to launch a greenfield venture, a statement said on Friday
 "Sanjeev Mehta quits Standard Chartered Bank, set to launch new venture")
SpiceJet plans to raise over Rs 3,200 cr through debt, equity instruments
Spicejet plans to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion, it said
 "SpiceJet plans to raise over Rs 3,200 cr through debt, equity instruments")
Swiggy rolls out 'incognito mode' to help users order food discreetly
Available on both Swiggy Food and Instamart, incognito mode ensures that users can place orders and keep their selections confidential
 "Swiggy rolls out 'incognito mode' to help users order food discreetly")
Peak XV Partners sells 22% stake in Indigo Paints for Rs 1,557 crore
After this transaction, shareholding of Peak XV Partners Investments IV has declined to 1.54 per cent from 12.14 per cent, while Peak XV Partners Investments stake has come down to 1.65 per cent
 "Peak XV Partners sells 22% stake in Indigo Paints for Rs 1,557 crore")
EV maker Wardwizard Innovations to form joint venture in Saudi Arabia
The EV cell plant will be dedicated to manufacturing electric vehicle cells. The company did not disclose the cost associated with entering into the joint venture
 "EV maker Wardwizard Innovations to form joint venture in Saudi Arabia")
Mumbai-Frankfurt Vistara flight diverted to Turkey over security concerns
The aircraft (UK 27) has safely landed at the Erzurum Airport, and as per the protocol, the relevant authorities were immediately alerted
 "Mumbai-Frankfurt Vistara flight diverted to Turkey over security concerns")
Nykaa appoints Sukhleen Aneja as business head to drive Kay Beauty
Announcing Aneja's appointment, Nykaa, in a release, said her role will focus on propelling growth for Kay Beauty in international markets on the back of a successful launch in India
 "Nykaa appoints Sukhleen Aneja as business head to drive Kay Beauty")
India's edtech sector sees 30% drop in funding to $215 mn amid slowdown
According to the report, the Indian edtech sector reported the highest-funded quarter in Q3 2021 with an overall funding of $2.48 billion
 "India's edtech sector sees 30% drop in funding to $215 mn amid slowdown")
N Chandrasekaran's remuneration rose by 20% to Rs 135.3 crore in FY24
Tata Sons directors got 16% hike, employee cost rose 2.5%
 "N Chandrasekaran's remuneration rose by 20% to Rs 135.3 crore in FY24")