Page 880 - Company News

Adani Energy mulls borrowing up to $600 mn for smart meter projects

The Indian power distribution company is in talks with a group of global lenders, with the foreign currency loan's tenor likely to be around three to five years, the report added

Canara Bank to sell a 13% stake in Canara Robeco AMC through IPO

However, the stake sale is subject to regulatory approvals from the Reserve Bank of India and Department of Financial Services, Ministry of Finance, Govt. of India

Adani family invests Rs 6,661 crore in Ambuja Cements via warrants

The latest fund infusion will take Adani family stake in the cement co to 66.7 per cent

India's new copper entrant, Adani Enterprises, starts operations at Kutch

Adani's Kutch Copper on Thursday announced the start of operations at its Mundra unit with its first dispatch of copper cathodes

Torrent Power gets order to supply 150 MW renewable energy for Rs 1,825 cr

The project will be commissioned within 24 months from the signing of Power Purchase Agreement (PPA)

Muthoot Microfin raises $75 million via external commercial borrowing

Shares of Muthoot Microfin closed at Rs 199.80 on the BSE, down 1.43 per cent over the previous close

PTC India gets shareholders' nod to sell 100% stake in energy arm to ONGC

In October, PTC India announced that the upstream firm ONGC had emerged as the successful bidder for acquiring 100 per cent stake in PTC Energy for an enterprise value of Rs 2,021 crore

Godrej Agrovet buys 7.37 lakh shares in Godrej Cattle Genetics for Rs 25 cr

Godrej Agrovet had 100 per cent equity in GCGPL. Post acquisition of fresh equity shares, GCGPL will continue to be a wholly-owned subsidiary

LatentView Analytics board approves acquisition of Decision Point

The strategic acquisition would enhance LatentView's prospects in data engineering, data science, data visualisation, advisory services, and GenAI readiness

Vedanta debt to be divided among demerged companies in ratio of assets

Vedanta is in advanced stages of engagement with its lenders on the issue, and the process has proceeded smoothly

NHPC inks agreement with Japan's JBIC for around Rs 1,100 crore loan

This is the first kind of loan syndication by NHPC with JBIC for the financing of renewable energy project, a company statement said

Kalpataru Projects bags orders worth Rs 2,071 cr for metro tunnel project

KPIL is one of the largest specialised EPC (engineering procurement construction) companies engaged in power transmission and distribution, railways, highways, and airports, among others

Karnataka Bank raises Rs 600 cr through qualified institutional placement

The institutions which bought shares in QIP include HSBC Mutual Fund, Morgan Stanley Asia Singapore PTE, HSBC Global Investment Funds, SBI Life Insurance Company, Franklin India Smaller Companies Fund

Axis Bank credit card users impacted by fraudulent overseas transactions

There has been 'no data breach' at the bank's end, Moghe said, asserting that the scale of such transactions is very limited and customers' data is safe and secure

JAM ties up with MAE to invest Rs 2,700 crore in carbon fibre plant

The facility will offer a comprehensive range of intermediates viz prepregs, fabrics, multiaxial and carbon fibre composites catering to diverse industrial needs

Amazon Prime Video's fresh line-up is aimed at attracting new audiences

Amazon Prime Video's new line-up speaks of a streaming service sure of where it is and where it wants to go

HAL conducts successful first flight of LCA Tejas Mk1A in Bengaluru

According to HAL, the Tejas Mk1A aircraft did a successful sortie with a flying time of 18 minutes. The plane was piloted by Chief Test Pilot Group Captain K K Venugopal (Retired)

Schneider Electric, Nvidia partner to optimise data centre infrastructure

Schneider Electric will leverage its expertise in data center infrastructure and NVIDIA's advanced AI technologies to introduce the first publicly-available AI data center reference designs

Adani family infuses Rs 6,661 cr in Ambuja Cements, raises stake to 66.7%

The board of Ambuja Cements has approved the conversion of 21.20 crore warrants into shares of promoter entity Harmonia Trade and Investment at the rate of Rs 314.15 per share

NCLT declines to stay EGM called by Byju's over $200 million rights issue

The EGM was called to increase the authorised share capital of the embattled edtech firm, following the recent USD 200 million rights issue