Page 822 - Company News
IvyCap Ventures announces final close of third fund at Rs 2,100 cr
Fund will invest in 'high-growth companies with strong potential', says venture capital firm
 "IvyCap Ventures announces final close of third fund at Rs 2,100 cr")
BHEL partners HIMA West Asia FZE, Dubai for railway signalling business
HIMA is the world's leading solution provider for safety-related automation in the railways and process industries, a regulatory filing said
 "BHEL partners HIMA West Asia FZE, Dubai for railway signalling business")
REC Ltd net profit grows 33% to Rs 4,079 crore in March quarter
The company's total income during the fourth quarter rose to Rs 12,706.66 crore from Rs 10,254.63 crore in the year-ago period
 "REC Ltd net profit grows 33% to Rs 4,079 crore in March quarter")
Sterlite Power bags Rs 2500 cr worth orders in Q4; FY24 wins surge 35% YoY
This takes the company's cumulative order wins in FY24 to Rs 7,000 crore, up 35 per cent year-on-year (YoY) over FY23, Sterlite Power said
 "Sterlite Power bags Rs 2500 cr worth orders in Q4; FY24 wins surge 35% YoY")
Go First's lenders consider liquidation after court order on planes
Go First's resolution professional did not immediately respond to a Reuters' email seeking comment
 "Go First's lenders consider liquidation after court order on planes")
Uttarakhand suspends licences of 14 products of Ramdev's pharma firms
SC had recently criticised Ramdev for not complying with its directives in an ongoing lawsuit to stop misleading advertisements of some of his traditional ayurvedic medicines
 "Uttarakhand suspends licences of 14 products of Ramdev's pharma firms")
AstraZeneca's Covishield causes rare blood clot disorder TTS: What is it?
Covishield, a vaccine developed by AstraZeneca and Oxford University and manufactured by the Serum Institute of India, can, in rare instances, lead to TTS
 "AstraZeneca's Covishield causes rare blood clot disorder TTS: What is it?")
Q4FY24: Indian Oil, REC, Havells India among 56 firms to post results today
Q4 FY24 results: Adani Energy, Adani Total Gas, Central Bank of India, Indus Towers, Procter & Gamble Hygiene & Health Care, Castrol India to post financial results
 "Q4FY24: Indian Oil, REC, Havells India among 56 firms to post results today")
Why the failed delivery of Rs 187 ice cream, cost Swiggy more than Rs 5,000
The customer sought Rs 10,000 as compensation and an additional Rs 7,500 in litigation expenses from Swiggy for its failure to deliver the ice cream and subsequent refusal of a refund
 "Why the failed delivery of Rs 187 ice cream, cost Swiggy more than Rs 5,000")
AstraZeneca admits its Covishield vaccine may lead to rare side effect
AstraZeneca has admitted for the first time in court documents that its Covid vaccine can cause rare side effects, marking an about-turn that may open the door for a multi-million pound legal payout
 "AstraZeneca admits its Covishield vaccine may lead to rare side effect")
Muthoot Finance to raise Rs 500 crore through issue of five-year bonds
The company will pay an annual coupon of 9.03% on this issue and has invited commitment bids for the same on Thursday
 "Muthoot Finance to raise Rs 500 crore through issue of five-year bonds")
Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report
Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding
 "Tata Sons raises stake in Tata Play to 70% as Temasek exits: Report")
Air India-Vistara merger: Tata Sons moves up deadline to year-end
Air India and Vistara have reached out to the Directorate General of Civil Aviation (DGCA) and initiated the process of merging their operational manuals
 "Air India-Vistara merger: Tata Sons moves up deadline to year-end")
MCA clears appointment of Hitesh Kumar Sethia as Jio Financial MD for 3 yrs
The appointment effective from November 15, 2023, is valid for three years, Jio Financial Services said in a regulatory filing
 "MCA clears appointment of Hitesh Kumar Sethia as Jio Financial MD for 3 yrs")
Manipal Hospitals to take 87% stake in Medica Synergie for Rs 1.4K crore
Deal will make it India's largest hospital chain with over 10,500 beds
 "Manipal Hospitals to take 87% stake in Medica Synergie for Rs 1.4K crore")
JSW group, Japan's JFE in race to acquire 30% in Australian mine
Several Indian companies including Tata Power, Adani, and the Essar group had acquired coal mines overseas as part of their strategy to secure their raw material supplies
 "JSW group, Japan's JFE in race to acquire 30% in Australian mine")
BSNL's 4G subscriber base reaches 800K, 5G rollout likely within 12 months
Though DoT officials were earlier eyeing a 5G launch by the end of the year, the plan has now been deferred to next year
 "BSNL's 4G subscriber base reaches 800K, 5G rollout likely within 12 months")
Patanjali Foods gets show cause notice for GST dues worth Rs 27 crore
"As of now the authority has only issued a show cause notice and the company will be taking all necessary action to defend its case before the authority," Patanjali Foods said
 "Patanjali Foods gets show cause notice for GST dues worth Rs 27 crore")
Jana Small Finance Q4 results: Net profit jumps multi-fold to Rs 322 cr
The Bengaluru-headquartered lender had reported a net profit of Rs 80.99 crore in the year-ago period and Rs 134.64 crore in the quarter-ago period
 "Jana Small Finance Q4 results: Net profit jumps multi-fold to Rs 322 cr")
Street disappointed with SBI Cards & Payment Services' Q4 performance
Spending growth decelerated by 18 per cent Q-o-Q, as corporate spending declined 35 per cent Y-o-Y due to the impact of the recent RBI guidelines
 "Street disappointed with SBI Cards & Payment Services' Q4 performance")