Page 676 - Company News

Adani Enterprises to raise up to Rs 800 cr as non-convertible debentures

The majority of the proceeds from the issue will be utilised to prepay or repay, in full or in part, the existing debt, and up to 25 per cent for general corporate purposes

India sees nearly 2x surge in fintech IPO filings over the past five years

IPO filings have surged, nearly doubling from an average of 75 per year in 2018-2019 to 120-140 annually between 2021 and 2023, according to a new report

TCS expands partnership to transform Primark's tech operations over 5 years

TCS will help Primark adopt a more agile and product-based operating model by enabling automation through intelligent automation and DevOps technologies

DGCA slaps Rs 10 lakh fine on Air India Express for not paying compensation

The Directorate General of Civil Aviation (DGCA) carried out an inspection as per Annual Surveillance Programme (ASP) 2024 of scheduled domestic operators in June

Zomato gets GST tax demand notices over Rs 4.59 cr from TN, WB authorities

The company said it plans to appeal against the demand orders passed by the Assistant Commissioner of GST and Central Excise, Nungambakkam Division, Tamil Nadu

Macrotech acquires Opexefi Services, One Box Warehouse for nearly Rs 100 cr

Macrotech Developers Ltd, which sells properties under the Lodha brand, has executed Share Purchase Agreements (SPAs) for the acquisition of a 100 per cent stake in Opexefi Services Pvt Ltd

Tech Mahindra, Marshall partner to drive advancement in aerospace, defence

Tech Mahindra in a statement said it will assist Marshall's engineering programmes in aircraft design and manufacture, special mission platforms, and the development of digital maintenance

'Not in the business of hoarding wealth': Mukesh Ambani addresses 47th AGM

Reliance Industries Chairman Mukesh Ambani addressed the 47th Annual General Meeting, in which he reiterated the company's commitment to the nation's growth

CK Birla group firm Birla Fertility & IVF to invest Rs 500 cr in 2-3 yrs

Birla Fertility & IVF, which is the third largest fertility chain, plans to extend its presence in the southern region by establishing 10-12 new centres across Karnataka, Tamil Nadu, Kerala

Swiggy ropes in former Flipkart executive Amitesh Jha as Instamart CEO

Reshuffle of the top deck comes ahead of food delivery major's IPO

Suraksha Group earmarks 2,552 acre of land for Jaypee Infratech lenders

In its resolution plan, which was approved by the National Company Law Tribunal (NCLT) in March last year, Suraksha Group has offered bankers more than 2,500 acre of land

Edtech firm ODA Class raises $500K from Singapore, China-based investors

With this fresh funding round, the edtech firm has raised $12.75 million (about Rs 106 crore) from investors

JSW Neo Energy bags additional 400 MW wind-solar hybrid project from MSEDCL

Subsequent to this, the cumulative capacity allotted to JSW Neo under Phase- III (of MSEDCL) stood at 600 MW, a company statement said

Godfrey Phillips faces crisis over leadership dispute and board changes

Samir Modi says he would be willing to sell Godfrey Phillips if it could end the family feud arisen since the death of KK Modi in 2019

DGCA suspends approval for flying training firm Alchemist Aviation

The move comes less than two weeks after the organisation's trainee aircraft was involved in the fatal accident

Godrej Enterprises plans to invest Rs 4,000 crore in expansion, real estate

Executive Director Nyrika Holkar said the new investment aims to enhance the scalability of GEG's diverse businesses and refine its organisational culture to focus on agility and performance

Biocon Biologics secures deal with Janssen to launch biosimilar Bmab 1200

Agreement clears way for Indian company to launch treatment in Europe, Canada and other markets

IPO-bound Reliance Retail grants ESOPs worth Rs 351 crore to top employees

The Mukesh Ambani-owned company is cemented as the largest retailer in India and has 304 million registered customers

Biocon inks pact with Janssen to commercialise biosimilar products in Japan

As per the terms of the settlement agreement, Biocon Biologics has resolved patent disputes with Janssen to secure market entry dates in Europe, the UK, Canada, and Japan, the company said

Satish Vadugiri named interim chairmen for IOC, Rajneesh Narang for HPCL

With government headhunter PESB not finding anyone suitable, three-member search-cum-selection committees are looking for heads at both IOC and HPCL