Page 778 - Company News
Vedanta Resources posts 2nd highest consolidated EBITDA of $4.7 bn in FY24
Profit attributable to equity holders (before special items) however slipped marginally to $31 million
 "Vedanta Resources posts 2nd highest consolidated EBITDA of $4.7 bn in FY24")
Canara Bank board okays fund raising of Rs 8,500 cr through bonds in FY25
Board of bank has approved raising Capital through Basel III Compliant Additional Tier I Bonds to the extent of Rs 4,000 crore subject to market conditions and necessary approvals, said Canara Bank
 "Canara Bank board okays fund raising of Rs 8,500 cr through bonds in FY25")
Sebi slaps Rs 2.5 cr fine on TIL, former officials over 'fake' transactions
The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order
 "Sebi slaps Rs 2.5 cr fine on TIL, former officials over 'fake' transactions")
Medtronic appoints Mandeep Singh Kumar as Vice President of India business
In his new role, Mandeep Singh Kumar will be responsible for overseeing sales, marketing, and commercial operations for Medtronic's business in India
 "Medtronic appoints Mandeep Singh Kumar as Vice President of India business")
Adani Group profit up 55% in FY24; eyes $90 bn investment over next decade
This helped net profit surge to Rs 30,767 crore for the group's listed companies in the fiscal from Rs 19,833 crore a year ago, according to exchange data and analysts
 "Adani Group profit up 55% in FY24; eyes $90 bn investment over next decade")
Sportswear brand TechnoSport raises Rs 175 crore from A91 Partners
"The funding will also support the expansion of TechnoSport's sales and distribution channels, helping the brand reach a wider audience," it said
 "Sportswear brand TechnoSport raises Rs 175 crore from A91 Partners")
Flipkart expects over 100 mn visitors during its 'Big End of Season Sale'
Beginning June 1, 2024, this special fashion event will offer customers a personalised shopping experience with access to over 75 lakh styles
 "Flipkart expects over 100 mn visitors during its 'Big End of Season Sale'")
Tech firm AiDash announces launch of first ESOP buyback programme
Enterprise SaaS firm has more than 300 employees in India
 "Tech firm AiDash announces launch of first ESOP buyback programme")
DGCA issues show cause notice to Air India for excessive flight delays
The regulator mentioned about the inordinate delay of two international flights -- AI 183 from Delhi to San Francisco on May 30 and AI 179 from Mumbai to San Francisco on May 24
 "DGCA issues show cause notice to Air India for excessive flight delays")
Srinagar-bound Vistara aircraft receives bomb threat, lands safely
Flight no-UK-611, which departed from Delhi, landed safely at Srinagar Airport at approximately 12:10 AM
 "Srinagar-bound Vistara aircraft receives bomb threat, lands safely")
ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao
Promoters in an Indian market are large shareholders who can influence company policy and, according to regulatory definitions, are prospective owners or directors of the company
 "ARCs misused by 'tainted' promoters: RBI Deputy Governor M Rajeshwar Rao")
Suzlon Group gets 82 megawatt wind energy project from Oyster Green
Pune-based Suzlon Group is one of the leading renewable energy solutions providers in the world with 20.7 GW of wind energy capacity installed across 17 countries
 "Suzlon Group gets 82 megawatt wind energy project from Oyster Green")
Battery maker Altmin in talks with Australia for lithium supplies
Altmin, India's only cathode active materials producer, currently sources lithium carbonate from Brazil and Bolivia
 "Battery maker Altmin in talks with Australia for lithium supplies")
Domestic PV sales set to exceed 5mn; TaMo set to tap growth opportunity
India's vehicle penetration, at about 30 vehicles per 1,000 population, is well below global norms and is expected to continue to increase
 "Domestic PV sales set to exceed 5mn; TaMo set to tap growth opportunity")
Anupam Mittal's 'dowry calculator' raises eyebrows but there's a twist
Shaadi.com founder Anupam Mittal told his audience that his team has "simplified the process to calculate dowry" by launching an artificial intelligence-based dowry calculator
 "Anupam Mittal's 'dowry calculator' raises eyebrows but there's a twist")
Wipro public shareholders object to outgoing CEO Delaporte's severance pay
Resolution to pay him $4.33 mn in cash compensation is accepted due to promoter shareholding
 "Wipro public shareholders object to outgoing CEO Delaporte's severance pay")
Q4 results today: Tarai Foods and VAS Infra among 5 firms to post earnings
Q4FY24 company results: Add-Shop ERetail Ltd, Athena Constructions Ltd, and Panorama Studios International Ltd will release their fourth-quarter report on May 31
 "Q4 results today: Tarai Foods and VAS Infra among 5 firms to post earnings")
NSE Indices launch India's first EV index; Awfis Space gains 9% on debut
Hero FinCorp mainly offers two-wheeler financing, leveraging 2,000 retail touchpoints of Hero MotoCorp
 "NSE Indices launch India's first EV index; Awfis Space gains 9% on debut")
Personal care products firm Emami stock spurts on growth expectations
Major brands such as BoroPlus, the pain management range, the healthcare range, 7 Oils in One, The Man Company, and Brillare registered strong performance during the quarter
 "Personal care products firm Emami stock spurts on growth expectations")
Jindal Power to partner with Venezuelan state oil company: Report
Jindal's entrance comes as Venezuela reshapes its oil partnerships amid the reimposition of US sanctions after President Nicolas Maduro's fell short of promises to ensure fair elections
 "Jindal Power to partner with Venezuelan state oil company: Report")