Page 721 - Company News

Byju's appeals to NCLAT Chennai against insolvency; hearing set for July 29

Byju's owes its creditors - BCCI, OPPO, Surfer Technologies, Cogent E Services, McGraw Hill Education India, and iEnergizer Services - more than Rs 200 crore

Bhutan king visits Adani's project sites, commends Mundra, Khavda

The primary aim of their visit was to explore extensive collaboration opportunities with the Adani Group across multiple sectors, sources said

Godrej refrigerator variant fails energy rating test: How to check yours?

The energy rating of any appliance measures between one to five, with five being the most energy-efficient level. This impacts the final value of the product as energy-efficient products are costlier

Delhi officials reject Pernod liquor licence appeal, cite investigations

The rejection adds to Pernod's India woes, with the French drinks group facing two antitrust cases in India while it also contests a tax demand for nearly $250 million

New Delhi rejects Pernod Ricard's liquor licence application: Report

Pernod's brands, including Chivas Regal and Absolut vodka, have not been available in the city since late 2022 after a previous licence application was rejected in April last year

SpiceJet airline's board approves raising Rs 3,000 crore through QIP

Five years back, SpiceJet was operating about 4,000 flights per week. Currently, the airline is operating just about 1,154 flights per week, according to Cirium

Tata, Airbus sign contract to establish H125 Final Assembly Line in India

Airbus Helicopters and Tata Advanced Systems have made great progress in determining the FAL's location, which will be announced shortly

Bajaj Finance Q1 results: Net profit increases 14% to Rs 3,912 crore

Bajaj Finance's loan losses and provisions - the money set aside to cover potential defaults - grew nearly 70% to Rs 1,685 crore, well ahead of analysts' estimate of Rs 1,466 crore

Gland Pharma, Zydus Lifesciences secure USFDA approvals for key medications

Gland Pharma, a Hyderabad-based generic injectable-focused company, received tentative approval for Latanoprostene Bunod Ophthalmic Solution, 0.024 per cent

SpiceJet to raise $360 mn by selling securities to restore normalcy

The company will issue shares to institutional investors, it said in an exchange filing, without disclosing the price at which they would be sold

Industry discussing trade measures against imports with govt: JSW Steel CEO

JSW Steel continues to look for coking coal assets overseas, including Australia, and Canada, Acharya said

Paytm partners with Axis Bank to provide payment technology solutions

Fintech will provide point-of-sale and card machines to the private sector lender

Bhutani Group acquires stake in WTC Noida to complete stalled projects

World Trade Centers Association has licences in 40 cities in India. Currently, 5 World Trade Center projects are stalled that require at least Rs 3,000 crore for completion

Bina Modi withdraws contempt plea against sons Lalit and Samir Modi

Samir Modi, the executive director of Godfrey Phillips, had accused his mother of orchestrating an attack on him to gain leverage in the ongoing inheritance dispute

Tata Sons raises Tata Electronics' equity capital to Rs 10,000 crore

Tata Sons plans to establish a large-scale semiconductor fabrication plant and invest an additional Rs 27,000 crore to develop a new semiconductor assembly and testing facility in Assam

Byju's US lawyers blame client in a bid to quit US bankruptcy case

For months, lenders have been trying to find $533 million in cash that Ravindran allegedly moved out of the US

Nokia achieves 5G download speed of 1.2 Gbps during trial with Airtel

The download speed was achieved during the first 5G non-standalone (NSA) Cloud radio access network (RAN) trial with Bharti Airtel (Airtel) in India

NCLT orders insolvency proceedings against Supertech Township Projects

On July 12, a Delhi-based NCLT bench admitted the plea against Supertech Township Projects filed by Punjab & Sind Bank and appointed Umesh Singhal as the Insolvency Resolution Professional

Indian Hotels Company lacks valuation comfort despite strong outlook

IHCL continues to expand its network and has opened six hotels in Q1FY25, crossing the milestone of 325 hotels

Porsche tones down EV ambitions, says mobility transition will take 'years'

"The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement