Page 841 - Company News

Bajaj Auto aims to make 10,000 Triumph units a month by September: CFO

Triumph accounted for 2.1% of Bajaj Auto's total two-wheeler sales in the fourth quarter. Its overall two-wheeler sales rose about 26% in the quarter year-on-year

Bajaj Auto board approves Rs 2,250 crore capital in NBFC subsidiary

Offers another Rs 2,250 crore liquidity support

Air India saves costs by taking insurance cover for merged entity

The insurance cover has been provided by a consortium of Indian insurance companies including Tata AIG General Insurance

Fundraising through bond placement hit all-time high at Rs 9.98 trn in FY24

The private sector (excluding banks or financial institutions) witnessed a 44 per cent jump, mobilising Rs 4.96 trillion compared to Rs 3.44 trillion in 2022-23

Google carries out fresh round of layoffs in an attempt to cut costs

The layoffs come during a period of sluggish hiring across the tech sector

NCLT grants one week to Byju's, Teleperformance to settle debt dispute

The decision came after Byju's counsel, Senior Advocate Pramod Nair, informed the NCLT that it was trying to resolve the issue with Teleperformance, the creditor

Walmart announces dedicated page for Indian sellers on its website

'Through dedicated onboarding support and expertise in navigating global supply chains, we are empowering sellers with the tools they need to thrive in the US marketplace and beyond,'

Avaada Energy inks refinancing deal worth Rs 4,471 crore with NaBFID

Avaada Group has been engaged in renewable energy generation, solar PV manufacturing, development of green fuels such as green ammonia, green methanol and sustainable aviation fuel

Care Ratings upgrades Axiscades long-term bank facilities at 'CARE A-'

'Care Ratings has upgraded its long-term bank facilities at CARE A- with a stable outlook and short-term facilities at CARE A2+ from CARE BBB+ - stable and CARE A2, respectively,'

Avaada Energy secures Rs 4,471 crore refinancing from lender Nabfid

The structure has been rated as 'AA (Stable)' by CareEdge Ratings, it said

UK-based refractory maker Vesuvius Group to invest Rs 1,000 crore in India

The flux manufacturing plant in Visakhapatnam is the first of three new facilities expected to be operational in 2024

Klub and U GRO Capital sign partnership to disburse Rs 150 crore

The allocated fund of Rs 150 crore will facilitate lending activities across the country while offering debt financing of up to Rs 30 crore in a single tranche through Klub's platform

Air India's first A350 to make debut on May 1 between Delhi and Dubai

Air India currently operates a total of 72 flights a week to Dubai from five Indian cities, of which 32 flights are from Delhi

Moneyboxx AUM crosses Rs 720 cr in FY24, aims to double this fiscal

The company currently has 100 branches in eight states in north, central and west India, and also plans to significantly expand its presence and enter south India in the current financial year

ITC Infotech to acquire Pune-based Blazeclan Technologies for Rs 485 crore

This acquisition is expected to augment ITC Infotech's capabilities to service its customers in a multi-cloud and hybrid cloud environment

Orders for ABB globally fall, drag share price for India-listed entity

ABB India closed at Rs 6,367.20 per share on Thursday, down 4.21%

Blackstone reports 1% rise in 1st-quarter earnings on growth in fee income

Blackstone raised $34 billion of new capital, while unspent capital reached $191.2 billion. It declared a quarterly dividend of 83 cents per share

Sales of first electric car 'SU7' 3-5 times higher than expected: Xiaomi

Lei, Xiaomi's founder, made the comments during a two-hour livestream on Douyin, the Chinese equivalent of TikTok, that garnered over 34 million viewers

Here's what will happen to Nestle if found guilty in sugar controversy

'Nestle adds sugar to infant milk sold in less affluent nations, including India, but not in its primary markets like Europe or the UK,' said a report by Public Eye

Power Mech Projects bags orders worth Rs 232 cr for coal, thermal plants

The company received orders under three packages worth Rs 122.89 crore from state-owned engineering firm BHEL in various packages, the company said in a BSE filing