Page 779 - Company News

Resolution plan at execution stage; FY24 results to be delayed: Jet Airways

Jet Airways, which stopped flying in April 2019 due to financial crunch, is undergoing an insolvency resolution process

Vodafone Idea announces new prepaid plans with Netflix partnership

The Vi Rs 998 prepaid plan offers a validity of 70 days, alongside a daily 1.5GB limit, 100 daily SMS, and unlimited voice calling

IDFC First Bank to issue Rs 3,200 cr of equity shares on preferential basis

The allottees of these shares are LIC, HDFC Life, Aditya Birla Sun Life, Bajaj Allianz, ICICI Lombard, and SBI General

JioFin launches beta version of JioFinance app, to offer UPI, digi banking

The app's future plans include broadening the loan offerings, initially focusing on mutual fund loans and eventually branching out to include home loans

Schneider Electric invests Rs 200 crore in large campus in Bengaluru

It will be one of the company's largest employee campuses globally with a capacity to accommodate over 8,000 professionals.

Disney Star onboards 19 sponsors for ICC Men's T20 World Cup 2024

The tournament will be broadcast exclusively on the Disney Star network and can be streamed free of charge to mobile users on Disney+ Hotstar

IDFC First Bank board approves Rs 3,200 cr fundraise via preferential issue

IDFC First Bank on Thursday said its board approved a plan to raise Rs 3,200 crore via preferential issue of shares to fund business growth

Capital requirements will remain high for Indian companies: Moody's

Moody's estimates that 16 of the 23 rated companies will require USD 70-100 billion of funding annually in the next two years for growth spending, refinancing requirements and shareholder payments

Bharti Airtel appoints Sharat Sinha as Airtel Business CEO, effective Jun 3

In this role, Sinha will report to Gopal Vittal and will be a part of the Airtel Management Board, according to a release

B2B fintech Vegapay raises $5.5 mn; co. to fund team expansion, operations

The company will utilise the capital raised towards expanding product and technology teams and investing in operations and compliance requirements

Meesho's Valmo to aid profitability growth, concern for third party players

In this short span, Valmo has expanded its reach to include 6,000 pin codes across over 20 cities. The platform has over 3,000 micro entrepreneurs

At Rs 100 crore, OYO posts FY24 as maiden profitable fiscal: Ritesh Agarwal

Earlier this week, Fitch Ratings announced it has upgraded the rating of OYO parent firm Oravel Stays, citing the hospitality company's improved financial profile

S Korea's Shinhan Bank gets CCI nod to acquire 11% stake in HDFC Credila

HDFC Credila Financial Services, is a Reserve Bank of India (RBI)-registered non-deposit taking non-banking financial company

Q4 results today: Reliance Infra, Muthoot among 908 firms to post earnings

Q4FY24 company results: Apollo Hospitals, Bharat Dynamics, Welspun Corp, and Reliance Capital will be releasing their fourth-quarter report on May 30

Lessor moves insolvency plea before NCLT against SpiceJet over $12 mn

Earlier, ELF had approached the Delhi High Court against SpiceJet in 2023 after terminating the lease for two engines and sought possession

Shinhan Bank receives CCI approval to acquire 11% stake in HDFC Credila

Part of the Shinhan Financial Group, Shinhan Bank Co Ltd is a multinational bank, which commenced operations in India in 1996

After encouraging Q4, outlook positive for public sector insurer LIC

LIC has an industry leading position despite the aggressive catch up from private competitors

How AI made Meta CEO Mark Zuckerberg popular again in Silicon Valley

Many developers and technologists have embraced the Meta chief as their champion of 'open-source' artificial intelligence

RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance

ECL has been accused of not maintaining arm's length with other group companies

Aditya Birla Capital infuses Rs 300 crore in housing finance arm

The company is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio, Aditya Birla Capital said in a regulatory filing