Page 782 - Company News

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP

The proceeds will be used by Adani Enterprises Ltd (AEL) for its various projects, including the expansion of airports

Hindalco Industries looks to garner $945 million via Novelis US IPO

To offload 45 mn shares, or 7.5% stake, at $18-21 apiece; values arm at $12.6 bn

European auto company Skoda-VW hits 1.5 million output mark in India

30% of the Group's India production is exported

Maruti Suzuki India likely to set up at least 400 service outlets in FY25

Akella explained the distribution of these service touchpoints between main urban centres and other regions

OpenAI sets up safety committee led by CEO as it starts training new model

The committee will be responsible for making recommendations to the board on safety and security decisions for OpenAI's projects and operations

ITC Hotel Ltd's demerger plan gets approval from competition watchdog

The proposed combination relates to the demerger of the demerged undertaking to ITC's wholly-owned newly incorporated subsidiary, ITC Hotels

LIC eyes double-digit FY25 premia growth and health insurance foray

Explore stake buy in standalone health insurer

China's BYD launches new hybrid vehicle tech with lower fuel consumption

Plug-in hybrids priced from 79,800 yuan ($11,011) have made up the bulk of BYD's sales in the past three years, with an accumulated 3.6 million such cars sold by the company

All procedure followed for share sale, says REL Chairperson Rashmi Saluja

The Rs 2,116 crore open offer plan sparked a row between REL management and the Burmans, with both sides trading charges

Infosys partners with Germany's Commerzbank to transform trading ecosystem

In effect, the consolidation on a unified Murex platform enables the bank to accelerate its digital transformation journey by driving system efficiency and cost-effectiveness

Jet insolvency: JKC withdraws Rs 200 cr escrow plea after NCLAT ruling

The tribunal asked the JKC either to withdraw its plea or face dismissal, on which the consortium preferred to withdraw it

NCLAT upholds Adani Goodhomes plan with 93% haircut for Radius Estate

As per the resolution plan, which received an 83.99 per cent of the vote of the CoC and was approved by NCLT, nearly 700 flat owners were getting possession of without escalation of any price

NMDC Steel Limited depicts Chhattisgarh's Dhokra art in new logo

Dhokra is a craft form of the Harappa and Mohenjo Daro civilisation

Coal India incorporates new subsidiary for coal-to-chemical business

Coal India holds a majority 51 per cent stake in the new entity while the remaining 49 per cent is owned by BHEL, the coal behemoth informed the BSE

Paytm Insider announces elevation of Varun Khare to position of COO

Prior to this, Khare was the business head of live entertainment (intellectual properties and partnerships) at the company

TCS, IIT Bombay to build India's first quantum diamond microchip imager

Tool is used to detect anomalies in semiconductor chips without damaging them

May enter into health insurance, explore inorganic options: LIC chairman

LIC is not an expert in general insurance like fire and engineering but it can do health insurance, he said while sharing financial numbers for FY24.

Adani Enterprises board approves Rs 16,600 crore fundraising via QIP

Adani Energy Solutions had earlier announced its plan to raise up to Rs 12,500 crore through QIP or other permissible modes

Adani One app may offer digital payments soon: All you need to know

Adani One app explained: In November 2022, Adani Group announced plans to roll out a 'super app' that would converge all its services. A month later, they launched Adani One

Claims of KAL Airways, Maran on damages 'legally untenable': SpiceJet

SpiceJet also said the two parties chose not to pursue any appeal before the appellate jurisdiction and consequently, the matter attained finality