Page 783 - Company News

Anil Agarwal's Vedanta considering $1 bn share sale in coming weeks

Shares of Vedanta have gained 78% this year, giving the company a market value of about $20.6 billion

KAL Air, Maran to seek Rs 1,323 crore in damages from SpiceJet, Ajay Singh

For the last several quarters, SpiceJet has been grappling with a cash crunch amid multiple legal battles over unpaid dues to aircraft lessors, engine lessors, lenders, and Maran

Aster undertakes Rs 250-cr expansion in Bengaluru, plans to add 350 beds

Aster CMI Hospital, located in Hebbal, Bengaluru, spans 445,000 square feet. With this development, the company is strengthening its presence in Bengaluru, bringing its total bed capacity to 1,602

Valuations may offset Q4 show, growth outlook for Divi's Laboratories

The company delivered a strong revenue and operating performance in the March quarter

JM Financial ARC's capital adequacy falls below regulatory norms

Existing investors to infuse up to Rs 1,000 crore equity

Jewellery chain Senco Gold aims 15-20% growth in revenue, profit in FY25

The jeweller is also planning to add 15-20 stores in the current 2024-25 financial year (FY'25), of which around 50 per cent will be franchisee-owned

BluSmart launches BluSmart Charge app, opens EV charging service to public

Alongside the charge app launch, BluSmart also expanded its charging infrastructure network and achieved a significant milestone by opening its 50th EV charging hub

Nykaa appoints Santosh Desai as independent director on its board

Desai served as the CEO of Future Brands for nearly 17 years. He has also served as the president of McCann, one of India's premier advertising agencies

Vodafone Idea announces extra data offer for 4G and 5G consumers

Many smartphone users in India do not maximise the potential of their 4G/5G mobile devices due to a lack of sufficient data

As Ambani eyes Africa with new telecom venture, should Airtel be worried?

Reliance Industries Ltd, through its subsidiary, is set to offer cutting-edge 5G shared network infrastructure solutions in Africa in collaboration with a local company supported by Ghana

Coal scam: Court convicts Maha-based co, directors for criminal conspiracy

This was the 16th case related to the alleged coal scam in which the court pronounced its judgment

Fischer Medical Ventures makes India's first indigenous MRI system

Eyes acquisitions to broaden medical tech reach

HCLTech collaborates with Arm to develop custom silicon chips for AI

The partnership will bring to market solutions that enable semiconductor manufacturers, system original equipment manufacturers (OEMs)

Allahabad HC summons ICICI Bank chairman over employing recovery agent

Allahabad High Court has asked ICICI Bank chairman to personally appear before the court and file an affidavit to explain why the bank used collection agents despite a Supreme Court prohibition

Mamaearth parent acquires cosmetic formulation brand CosmoGenesis

Founded by Rohini Manoj in 2011, CosmoGenesis has until now facilitated over 5,000 cosmetic and personal care formulations for businesses in India using its fully-equipped, state-of-the-art laboratory

GoAir temporarily loses slots and foreign bilateral rights amid insolvency

Bilateral air service agreements between airlines and countries allow them to operate international flights; slots for these flights are allocated by the DGCA and civil aviation ministry

Adani Energy Solutions board approves fundraising of up to Rs 12,500 crore

Adani Enterprises last week also announced that the company's board of directors will meet on Tuesday

ONGC's high investments to delay deleveraging over next 12-24 months: S&P

"We expect output from the group's international assets, held through ONGC Videsh Ltd (OVL), to grow by 2-5 per cent during this period," S&P said

Cochin Shipyard gets 60 mn euros order for hybrid SOVs from UK operator

CSL said the hybrid SOVs are the workhorse of the growing, highly specialised renewables segment, in which it is actively looking forward with their proven track-record in the offshore support vessels

Realty firm Sobha looking to up equity capital to Rs 10,000 cr in 5 yrs

Sobha Ltd's board has approved the company's proposal to launch rights issue for an amount not exceeding Rs 2,000 crore