Page 847 - Company News
PC Jeweller gets board approval to raise Rs 2,000 cr fund via rights issue
PC Jeweller on Tuesday said its board has approved a proposal to raise Rs 2,000 crore through rights issues and preferential allotment of fully convertible warrants.
 "PC Jeweller gets board approval to raise Rs 2,000 cr fund via rights issue")
Tesla layoffs: Global job cuts to impact leading markets US, China
Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence
 "Tesla layoffs: Global job cuts to impact leading markets US, China")
PE firm ChrysCapital invests $70 million in formulations company La Renon
Peak XV Partners (formerly Sequoia India) has been invested in La Renon since 2015, with A91 Emerging Fund joining in 2021
 "PE firm ChrysCapital invests $70 million in formulations company La Renon")
Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida airport
The airport and the BPCL have entered into an agreement, signed on February 20, for the work to efficiently meet the airport's ATF demand while reducing carbon emissions, it said in a statement
 "Bharat Petroleum to lay 35-km ATF pipeline from Piyala to Noida airport")
Paytm denies deferral of approval or fine on payments services arm
The company added that investor Ant Financial did not have any board representation or special rights
 "Paytm denies deferral of approval or fine on payments services arm")
Zee-Sony deal: ZEE withdraws merger implementation application from NCLT
The Zee statement said the Board took the step based on legal advice after a detailed consultation with legal experts
 "Zee-Sony deal: ZEE withdraws merger implementation application from NCLT")
Sterlite Technologies raises Rs 1,000 crore capital through QIP route
Post the allotment, the paid-up equity share capital of Sterlite Technologies (STL) has increased to Rs 97.5 crore comprising 48.5 crore equity shares
 "Sterlite Technologies raises Rs 1,000 crore capital through QIP route")
Power Grid Corp bags 3 transmission projects under competitive bidding
The three projects would help evacuate power from renewable energy projects in Rajasthan and Gujarat, the company said in a BSE filing
 "Power Grid Corp bags 3 transmission projects under competitive bidding")
Brigade Enterprises posts record sale bookings of Rs 6,013 cr last fiscal
Brigade is aggressively pursuing land acquisition opportunities in its target markets and continues to add high-quality assets to its land bank, she said
 "Brigade Enterprises posts record sale bookings of Rs 6,013 cr last fiscal")
Cipla Health signs agreement, strengthens beauty play with Ivia's brands
Cipla Health strengthens beauty play in Tier II-VI towns with Ivia Beaute's cosmetics, personal care distribution and marketing biz
 "Cipla Health signs agreement, strengthens beauty play with Ivia's brands")
Morgan Stanley's first quarter profit rises as investment banking rebounds
Investment banking activity has rebounded from a two-year dealmaking drought as large corporates issued near-record levels of debt and equity capital markets became more active
 "Morgan Stanley's first quarter profit rises as investment banking rebounds")
Reliance Industries tries to sell US crude oil as Russian flows gain
Reliance also attempted to sell cargoes of Murban crude for April-May loading before offering the American oil, the traders said
 "Reliance Industries tries to sell US crude oil as Russian flows gain")
Govt defers approval of Paytm's Rs 50 cr investment in its payments arm
Paytm sought government approval last year for the investment it had already made in its newly established payments gateway arm
 "Govt defers approval of Paytm's Rs 50 cr investment in its payments arm")
Max to invest Rs 2,500 cr in Lucknow, be UP's 'largest' pvt healthcare firm
Delhi-based group plans to double overall capacity by adding 4,200 beds in four to five years
 "Max to invest Rs 2,500 cr in Lucknow, be UP's 'largest' pvt healthcare firm")
Hewlett Packard Enterprise starts deployment of Made-in-India servers
In July last year, HPE revealed its make in India plans in partnership with VVDN Technologies, where it aimed to manufacture around $1 bn worth of high-volume servers in the first 5 yrs of production
 "Hewlett Packard Enterprise starts deployment of Made-in-India servers")
Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project
The project has been commissioned almost nine months before the scheduled commercial date of operation, the company said in a statement
 "Juniper Green commissions 25.2 MW capacity of its 70 MW wind energy project")
Chhattisgarh's NMDC iron production rises 11%, sales surge 16% in FY24
Compared to the previous year's 29.04 MT, the production at the Chhattisgarh units jumped 11.67 per cent. The Dolimalai mine produced 12.67 MT of iron ore, up 7.56 per cent Y-o-Y
 "Chhattisgarh's NMDC iron production rises 11%, sales surge 16% in FY24")
Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials
The Deputy Commissioner (CT), Tamil Nadu has passed an order under GST Act demanding GST and levying consequential penalty of Rs 2.06 crore, Apollo Tyres said in a regulatory filing
 "Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials")
CRISIL results: Net profit drops 5% to Rs 138 crore in Jan-March quarter
Crisil's consolidated total income rose to Rs 751 crore for the quarter ended March 31, 2024, from Rs 732 crore a year ago, the company said in a regulatory filing
 "CRISIL results: Net profit drops 5% to Rs 138 crore in Jan-March quarter")
GQG looking to invest around $400 million in ailing Vodafone-Idea
The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees
 "GQG looking to invest around $400 million in ailing Vodafone-Idea")