Page 914 - Company News

Oyo parent Oravel Stays plans to launch 13 premium hotels this year

Last year, the company started a pilot by setting up 10 Palette resorts in Jaipur, Hyderabad, Digha, Mumbai, Chennai, Manesar, and Bengaluru

IIFL Finance's lending partners mull options to grow gold loan book

This follows the Reserve Bank of India's (RBI's) restrictions on non-banking financial companies (NBFCs) from engaging in gold loan business

Cross connection: Starlink's India signal may take longer to connect

A satellite mega-constellation called Starlink G60 is being built in Shanghai by state owned Chinese firms

MERC partly allows Tata Power's plea for tariff hike, energy to get dearer

The regulator's order will give some relief to lower-end consumers, and the tariff hikes will be over 50 per cent as well. The revisions are for FY25, and effective from April 1

Percentage of women in senior management falling since 2021: Grant Thornton

The dip was attributed to the 'evolving landscape of work models across industries'

After muted Q3 results, HDFC Bank stock may have bottomed out

However, HDFC Bank seems to have bottomed out in mid-February when it hit a 52-week low of Rs 1,363

Sebi bars JM Financial from acting as lead manager of debt issue

Shares of JM Financial tanked by 20 per cent following the RBI order on Wednesday. Later, the stock recouped the bulk of the losses

BoB announces special offers for female account holders on Women's Day

This offer is applicable for accounts, either a BoB Mahila Shakti Savings Account or a BoB Women Power Current Account, opened till June 30, 2024

IIFL Finance board to consider fundraise on March 13 after RBI clampdown

IIFL Finance had said that Fairfax India had agreed to invest up to $200 million of liquidity support on terms to be mutually agreed upon and subject to applicable laws and regulations

Macrotech Developers raises Rs 3,300 crore capital through QIP route

This is the fourth equity raise by Macrotech Developers in the last 36 months and the company has raised over Rs 13,000 crore

IndiGo's Gangwal invests $20 mn in manufacturing services startup Zetwerk

Gangwal started his airline career with United Airlines in 1984. He co-founded IndiGo along with his friend Rahul Bhatia in 2006 with one aircraft

Delhi HC issues contempt notice to Go First RP over maintenance of aircraft

Go First RP had earlier cited lack of funds for the inability to retain aircraft maintenance staff

Co-founder Rakesh Gangwal to offload 3.3% stake in IndiGo via bulk deals

At present, the Gangwal family holds about 25.21 per cent stake in the company that operates the country's largest airline, IndiGo

SC dismisses MakeMyTrip's appeal against Google in trademark case

MakeMyTrip (MMT) claimed that its trademarks, "Makemytrip" and "MMT", were being used as keywords in Google Ads to display ads and links of its rival Booking.com

Sebi warns Vedanta for publishing 'unlisted ultimate holding' firm's info

Vedanta received a letter from NSE on March 6, 2023, annexing a letter dated February 29, 2024, issued by the Securities and Exchange Board of India (Sebi), according to a regulatory filing

GQG Partners sells hospital chain Max Healthcare shares through open market

Last year, GQG Partners had acquired shares of hospital chain Max Healthcare Institute in a bulk deal for Rs 415 crore through an open market transaction

Anil Agarwal's Vedanta receives an administrative warning from Sebi

Vedanta said that the development will have no impact on financial, operational or other activities of the company, quantifiable in monetary terms to the extent possible

SJVN receives 1,352 MW solar energy projects worth Rs 7,436 crore

The total investment for the development of these 1,352 MW Solar Power Projects will be about Rs 7,436 crore

Agilus Diagnostics signs agreement with SEAS to start services in Oman

The participation aims to add to the diagnostic service provider's international portfolio. Its international network consists of several centres and pick-up points (PUPs) across multiple locations

Sebi bars JM Financial from acting as lead manager of any public debt issue

This came days after the Reserve Bank barred JM Financial Products Ltd from providing any form of financing against shares and debentures