Page 876 - Company News

Wardwizard Foods & Beverages to enters US mkt as it gets USFDA registration

The Vadodara, Gujarat-based company will commence exporting to US market in the first quarter of this fiscal, according to a statement from the company

Gautam Adani's APSEZ cargo grows 24% at 420 million tonnes in FY24

At the start of FY24, the company's guidance for cargo volumes for the fiscal year was 370-390 mmt. 408 mmt of the company's cargo volumes came from its domestic ports

India Inc's credit quality remains healthy in H2FY24: Rating agencies

While commodity prices have softened, revenue of upgraded companies in the CRISIL rating pool grew by about 13 per cent in fiscal 2024 largely led by a pick-up in volume

Veteran dealmaker Atul Mehra joins Axis Capital as managing director & CEO

Atul Mehra is a veteran dealmaker with over three decades of experience and was the joint MD at JM Financial

New private project announcements zoom ahead of Lok Sabha elections

Manufacturing sector accounted for nearly 60 per cent of new project value

Hindustan Aeronautics reports highest ever revenue of Rs 29,810 cr in FY24

The company reported that HAL had received fresh manufacturing contracts of Rs 19,000 crore, and repair and overhaul (ROH) contracts of over Rs 16,000 crores during FY24

Corporate downgrade-to-upgrade ratio inches higher in FY24: Report

"The pace of upgrades moderated while at the same time downgrades increased, both of them marginally by about one percentage point," its head of credit policy group Arvind Rao said

Should companies keep the public informed about the health of their CEO?

When and how much should CEOs disclose health-related challenges? Do key management personnel have the right to privacy? These questions often crop up

Fincare SFB merges with AU SFB; consolidation enhances distribution network

The merger is also expected to provide AU SFB with enhanced access to South India, significantly expanding its distribution network, the Jaipur-based lender said in a statement

IRB Infrastructure Trust SPVs pays Rs 6,111 cr to Nhai for TOT projects

The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 - Rs 4,428 crore, TOT 13 - Rs 1,683 crore)

ABFRL aims to demerge Madura Fashion business into separate listed entity

Move aimed to create two growth engines with distinct value creation trajectories and a well articulated capital allocation strategy

PNB Housing Finance stock rises 19.11% on the first trading day of FY25

ICRA said the rating action factors in the sustained improvement in the company's credit profile, driven by improved asset quality metrics and the strengthened capitalisation profile

Tata Power Renewable Energy commissions 200 MW solar project in Rajasthan

The project is expected to generate around 485 million units of green energy annually offsetting over 3,88,000 tonnes of carbon footprints

Coal India's output increases 10% to 773.6 million tonnes in FY24

Coal India Ltd's (CIL) production was 703.2 MT in the preceding 2022-23 fiscal, the miner said in an exchange filing

NTPC wins 3,445 MW renewable energy projects in total during FY24

NTPC Ltd, under the Ministry of Power, is the country's largest integrated power utility having 76 GW installed capacity that contributes 25 per cent of total electricity demand in India

All Adani group stocks in high demand, Adani Energy jumps over 8%

Shares of Adani Energy Solutions jumped 8.40 per cent, NDTV zoomed 6.16 per cent, Adani Wilmar advanced 5.92 per cent, Adani Power surged 4.99 per cent

Mahindra Aerostructures signs $100 milllion contract with Airbus Atlantic

The contract adds to existing MASPL programmes to deliver parts directly to Airbus at their facilities in France and Germany, it said

Indian firms collect Rs 9.41 trn from private placement of corporate bonds

The funds were mopped up to strengthen balance sheets, retire existing debt and support working capital requirements

Tata Motors' total domestic wholesales rise 2% to 90,822 units in March

Sales of passenger vehicles, including electric vehicles, in the domestic market, were at 50,297 units in March as compared to 44,225 units in the same period last year, up 14 per cent, it added

Waaree Energies bags 220 MW solar module supply order from Sprng Energy

It will supply the modules for Sprng Energy's upcoming project in Gujarat, Waaree Energies said in a statement