Page 644 - Company News

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

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

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

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

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

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

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

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%

Reliance Infra plans to manufacture electric cars, taps ex-BYD executive

It is also looking at the feasibility of building a battery plant starting with 10 gigawatt hours (GWh) of capacity and scaling up to 75 GWh over a decade, the person added

Retail business closure to focus on core cigarette biz: GPI Chairperson

In July this year, Godfrey Phillips India (GPI) had announced that it was going ahead with plans to exit from retail business operated under '24Seven' brand

Bajaj Housing Finance raises Rs 1,757 crore from anchor investors

At the upper end of this price band, Bajaj Housing is valued at a price-to-book ratio of 3.2 times on a post-money basis

AU SFB, United India Insurance ink pact for giving out insurance products

This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions, it said

HUL constitutes committee to discuss the way forward for ice-cream business

In its stock exchange filing, the company said that the board also accorded its approval to explore potential structures and alternatives for the same

IIT partners with Airbus India to set up global training centre in Guwahati

Chief Minister Himanta Biswa Sarma said the collaboration will pave the way for Assam to emerge as a logistics hub in providing skilled personnel in aerospace technology

Hyundai Motor adds two new variants under EXTER portfolio

In a company statement, Hyundai said the new EXTER variants come with six air bags, 3-point seatbelts for all seats, tyre-pressure monitoring system, Electronic Stability control among others

Malaysia Airlines plans to bring flights to more non-metro cities in India

The airline also plans to operate to more non-metro cities in India where there are no restrictions due to bilateral flying rights, he told on the sidelines of a briefing here

Max Financial Services promoter firm sells 3.19% stake to repay debt

"The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing

Israel's Tower Semiconductor, Adani plan $10 bn chip project in India

Semiconductor manufacturing marks the latest foray for billionaire Gautam Adani, whose conglomerate has businesses across ports, power utilities, transmission and coal trading

Dr Reddy's gets USFDA's inspection report for Srikakulam-based API plant

On June 7 this year, Dr Reddy's had stated that the US health regulator has issued Form 483 with four observations after inspecting its Srikakulam-based facility

SC grants bail to ex-promoter of Bhushan Steel in money laundering case

A Bench of Justices Sanjiv Khanna and PV Sanjay Kumar granted bail to Singal observing that he was in jail for 16 months and the trial against him was not proceeding