Page 648 - Company News

Beauty brand Nykaa sues former top official for contract breach, poaching

Nykaa has sued its ex-chief business officer Gopal Asthana, now at Tata Cliq, for breaching confidentiality and poaching former employees. Nykaa is seeking over Rs 20 crore in damages from Asthana

IndiGo becomes 1st Indian carrier to adopt RNP AR for ops in Kathmandu

The RNP AR technology is specifically designed for airports in geographically challenging and high-altitude regions

Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore

ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh shares of Mastek in the price range varying from Rs 2,751-2,767.51 apiece

SC asks Sahara Group to furnish list of top officials, properties for sale

A bench of Justices Sanjiv Khanna, M M Sundresh and Bela M Trivedi said the court has to find some practical solution for refunding the investors' money as the issue is pending for over a decade

State-owned Canara Bank mobilises $300 mn through IFSC banking unit

The net proceeds from the issue of the notes will be applied by the Issuer's IFSC Banking Unit at Gandhinagar towards the general corporate purposes

Germany's Infineon eyes entry into India's power semiconductor space

Move comes days after firm opened first phase of fab plant in Malaysia

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size

Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore

Adani Enterprises kicks off its maiden bond sale aimed at individuals

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance

Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II

RIL is currently constructing an advanced chemistry-based battery manufacturing facility with a 30 GWh annual capacity in Jamnagar

Hybrid cars, Suzuki tie-up drive up Toyota Kirloskar profit 3x in FY24

Toyota owns 89 per cent in TKM, while the remaining 11 per cent is owned by Kirloskar Systems Private Limited

Apple's key manpower supplier Layam Group plans IPO next fiscal year

The Chennai-based company is targeting over a 40 percent rise in its revenue in the next two years

NCLT extends Go First's resolution deadline, asks to file reply in 3 weeks

Resolution professional of Go First had moved the application under section 33 (1) of the Insolvency & Bankruptcy Code for the liquidation of Go First after lenders failed to find a reasonable buyer

Display glass biz likely to grow 10 times with AvanStrate Inc, says Vedanta

Vedanta Ltd, in May this year, announced the acquisition of an additional 46.57 per cent stake in AvanStrate Inc, taking its total holding in the Japanese display glass manufacturer to about 98%

CapitaLand Investment to double funds under management in India by 2028

Eyes private credit for real estate, renewable energy

ICRA upgrades Vedanta's long-term rating to AA on strong credit profile

Credit rating agency ICRA on Wednesday said that it has upgraded Vedanta Ltd's long-term credit rating, reflecting the company's strengthened credit profile.

Star Health to collaborate with foreign insurers for inward reinsurance

The agency force accounts for nearly 80 per cent of the health insurer's overall business

India should aim at developing 10 fabs in 10 years: Semi's Manocha

According to industry estimates, the Indian semiconductor market is projected to exceed $100 billion and generate over 6 lakh jobs by 2030

NCLT asks US lenders of edtech company Byju's to file fresh appeal

This means that the US term loan lenders will not be party to the discussion of the CoC

Adani Enterprises sets up subsidiary to develop airport in Kenya's Nairobi

AIP is incorporated to take over, operate, maintain, develop, design, construct, upgrade, modernise and manage airports, the statement said

Centre for sight expands in Maharashtra, partners with Laxmi Eye Hospital

With its ongoing investments and strategic partnerships, Centre For Sight is set to enhance its service offerings and reach more patients across India