Page 680 - Company News

40% of our traffic from India goes beyond Singapore: Scoot Airline

Scoot, which currently operates 80 flights per week between Singapore and six cities in India, is a subsidiary of Singapore Airlines

LIC Housing Finance raises Rs 1,050 crore through 5-year bond at 7.75%

The greenshoe option gives the underwriter the right to sell investors more bonds than planned if the demand is higher than expected

Godrej & Boyce targets mkt share boost with battery-powered forklift truck

The BMS was developed in collaboration with Log9 Materials and currently boasts 30 per cent localisation

Bandhan Bank announces launch of exclusive savings account for women 'Avni'

The launch comes on the back of the Reserve Bank of India governor Shaktikanta Das asking banks to offer innovative products and service offerings

Ather Energy to enter Sri Lankan market, expand global e-scooter footprint

Ather's move into Sri Lanka follows its expansion into Nepal, where it has established three experience centres and seven fast-charging grids since its entry

ESIC adds 2.167 mn new members in June, 7% higher than previous yr

The ESIC had added 2.027 million new members in June 2023, a labour ministry statement said

Bandhan Bank to make tailored products for women to raise customer base

The bank launched a women-specific debit card in collaboration with Mastercard with facilities like accident insurance cover and discounts on locker rentals among others

SC refuses to halt operations of CoC in edtech major Byju's insolvency case

The matter will now be heard on August 27

Wipro Hydraulics inaugurates Rs 250 crore manufacturing facility in Jaipur

The plant was inaugurated by Rajasthan Chief Minister Bhajan Lal Sharma, Wipro Enterprises chairman Azim Premji and Pratik Kumar -- Wipro Infrastructure Engineering CEO and Wipro Enterprises MD

BC Jindal Group lines up green energy foray with $2.5 bn investment

Founded in 1952, the B C Jindal group is engaged in the manufacturing of steel pipes and pipe fittings

Birla Fertility & IVF to expand footprint in South and West by FY25

Birla Fertility & IVF already has a 60 per cent hold in Tier II cities such as Siliguri, Bhubaneswar, Varanasi, Meerut, Ranchi, and others

TVS launches new Jupiter 110; targets over 12% growth in scooter segment

At present, the industry is growing at a rate of 8 per cent, and TVS Motor is growing at a rate of 12 per cent

Wipro extends relationship with John Lewis Partnership for 4 years

As part of this engagement, Wipro FullStride Cloud will extend JLP's current cloud infrastructure, network, and end-user services for another four years

Gail, Petron sign pact to explore setting up bio-ethylene plant in India

The memorandum of understanding provides for the two firms looking at setting up the plant based on bioethanol in a 50:50 joint venture, GAIL said in a statement

Disney-Reliance may need to dilute cricket dominance to seal merger deal

According to seven antitrust lawyers, to keep the deal alive the companies will now have to come up with structural changes to their arrangement or so-called behavioural remedies

Global caution sends private equity-backed M&A deal value to 6-year trough

A private equity fund gathers money from investors, particularly high networth individuals and invests in high-return opportunities

Opkey raises $47 million in Series B funding led by PeakSpan Capital

Opkey is also expanding its engineering and AI research teams at its Noida and Bangalore R&D centres to develop a category-defining product

Edelweiss founders divest stake in Nuvama Wealth Management after demerger

Nuvama Wealth Management was listed on the BSE and NSE in September 2023, following the demerger of Edelweiss Financial Services' wealth management business

To seal India merger, Disney-Reliance may need to dilute cricket dominance

The companies can simply sell rights of certain cricket tournaments or for a particular medium, such as TV or streaming, to meet antitrust concerns, they said

Dabur to set up 1st plant in South India, to invest Rs 400 cr in TN: Rajaa

The MoU outlines an approved Phase 1 investment of Rs 135 crore, scaling up to Rs 400 crore over five years, Dabur India said in a statement