Page 886 - Company News

NCLT refuses to stay Byju's EGM to raise capital through rights issue

According to sources at Byju's, the court was convinced by evidence submitted and arguments made by Byju's counsels, who made a case that the "only objective of the petitioners is to be restrictive"

HDFC Life gets GST demand orders of Rs 27 cr for short payment of taxes

The company said it will file appeals against the GST demand orders before the Appellate Authority

Income Tax department levies Rs 564 crore penalty on Bank of India

The bank is in the process of filing an appeal before the Commissioner of Income Tax, National Faceless Appeal Centre (NFAC) against the order, it said

Reliance picks up 26% stake in Adani's Mahan Energen power project

First instance of the two biz houses collaborating

Warburg Pincus exits IDFC First Bank, sells entire stake for Rs 1,195 cr

As of December 2023, Warburg Pincus through its affiliate holds a 2.25 per cent stake in Mumbai-headquarted IDFC First Bank, shareholding data showed with the BSE

Blackstone plans to invest $25 billion in India private equity asset

The New York-based firm also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai

Wipro aims to become AI-first firm; more than 220K trained in GenAI

Till date, over 220,000 of our employees have completed training on AI fundamentals and the responsible use of AI, said Subha Tatavarti, Chief Technology Officer, Wipro Ltd

Valuation concerns likely to limit gains for The Phoenix Mills stock

Analysts believe the company's growth trajectory remains intact, but current valuations imply that near-term growth prospects are priced in

SBI Card to raise up to Rs 2,000 crore in capital via Tier II bonds

CRISIL Ratings has assigned its "AAA/Stable" rating to the Rs 2,000 crore non-convertible debentures and Rs 2,000 crore lower Tier II bonds

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