Page 691 - Company News

Ola Electric's shares surge 10% in debut trade, valuing company at $4.4 bn

The stock had listed flat to its initial offer price at 76 rupees on the National Stock Exchange

One of world's youngest billionaires to double fortune on Ola IPO

Aggarwal, 38, added $1.4 billion to his wealth after shares of his SoftBank Group Corp.-backed Ola Electric jumped 16 per cent

Ride-hailing service Rapido crosses $1 billion gross merchandise value mark

Rapido, which originally started as a bike-taxi service, has grown to include cabs and auto-rickshaws in its offerings. It has also expanded its footprint to 100 new cities across India

RIL to use naphtha supplies as partial payment for Venezuela crude: Reports

Reliance, which operates the world's biggest refining complex, plans to supply naphtha, a refined product, from the US to partly pay for its Venezuelan oil purchases

JFSL to shape prosperous, inclusive financial future for India: Ambani

JFSL is a subsidiary of Reliance Industries Ltd (RIL). It is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator

Blackstone to sell 330 mn units in Nexus Select Trust for nearly Rs 4500 cr

Blackstone currently holds around 43 per cent stake in Nexus Select Trust, which is India's first real estate investment trust (REIT) backed by retail properties

Normal monsoon to drive Dabur India's growth, says CEO Mohit Malhotra

Company to undertake price increases as consumers come back into consumption fold

FMCG sector growth at 4% in Apr-June on relaxed consumption: NielsenIQ data

Rural continues to outpace urban in volumes growth

Fortis Healthcare to acquire 31% stake in Agilus for Rs 1,780 crore

Deal values diagnostic arm at Rs 5,700 crore

Has Vedanta put its steel business sale on hold after $1 bn share boost?

"If Vedanta receives the right price, we will consider selling ESL," company says in clarification

RCap buy: NCLT directs IIHL to transfer Rs 2.7K cr to lenders in 2 days

Clarifies that interest on the money will accrue to lenders

Genpact appoints Sanjeev Vohra as chief technology and innovation officer

Vohra, who brings more than 30 years of technology, consulting, and industry expertise with him, will report to Balkrishan Kalra, president and CEO, Genpact.

Delhi HC tells SpiceJet to personally guarantee payment to lessors

The court had earlier given SpiceJet a final chance to settle a payment of Rs 50 crore to its engine lessors, Team France and Sunbird France

Biocon Q1 net profit up 551%, driven by gain from Eris Life partnership

Total revenue stood at Rs 4,567 crore in Q1 FY25 as against Rs 3,516 crore in Q1 FY24

Swan Energy paid Rs 331 crore to lenders before due date of Dec 23, 2024

SEL had recently received approval from the NCLT-appointed monitoring committee of RNEL to constitute its own board, paving the way for a formal handover of management control

Standard Chartered Bank exits Protean eGov Tech, sells stake for Rs 225 cr

According to the bulk deal data available on the BSE, Standard Chartered Bank offloaded 12.50 lakh shares or 3.09 per cent stake in Protean eGov Technologies

Market regulator Sebi imposes Rs 3 lakh penalty on Nippon Life India AMC

Sebi allows AMCs to pay expenses of very small value but high volume out of the AMC's books up to a maximum of 2 basis points of the respective scheme's assets under management

US judge refuses lender request to block edtech firm Byju's payment to BCCI

Expresses deep concern about being asked to interfere with proceedings in another country's judicial system

E-commerce adoption surges in Bharat; tier 4+ users lead as repeat shoppers

With about 80 per cent of its 15 crore annual transacting customers coming from tier 2, 3 and 4 and beyond towns, Meesho has been instrumental in bringing new-to-e-commerce users online

PFC secures 25.5 bn yen loan from JBIC to finance wind energy project

The loan proceeds will be used to finance 300.3 MW Wind Energy Project of Ostro Kannada Power Private Ltd (OKPPL) in Karnataka