Page 96 - Company News
Spacetech startup Grahaa gets approval to launch nanosatellite from Brazil
Bengaluru-based company moves to validate its systems ahead of a larger satellite constellation rollout
 "Spacetech startup Grahaa gets approval to launch nanosatellite from Brazil")
Hindustan Aeronautics calls Tejas jet crash an 'isolated occurrence'
Hindustan Aeronautics, which manufactures the aircraft powered by General Electric engines, said it does not expect the incident to impact its business operations
 "Hindustan Aeronautics calls Tejas jet crash an 'isolated occurrence'")
TotalEnergies likely to sell 6% stake in Adani Green for ₹10,200 crore
The French company had acquired a 19.75 per cent stake in AGEL in January 2021 for around $2.5 billion as part of its strategy to strengthen its renewable energy footprint in India
 "TotalEnergies likely to sell 6% stake in Adani Green for ₹10,200 crore")
Kwality Wall's India appoints board ahead of Hindustan Unilever demerger
It has access to introduce Ben & Jerry's, Viennetta and Yasso brands in India
 "Kwality Wall's India appoints board ahead of Hindustan Unilever demerger")
US court upholds $194 mn damages against TCS in DXC trade secrets case
The Fifth Circuit Court of Appeals has upheld $194 million in damages against TCS in the DXC trade secrets case, even as it vacated an earlier injunction and sent it back for reassessment
 "US court upholds $194 mn damages against TCS in DXC trade secrets case")
Amusement parks set to woo guests with concerts and food festivals
Amusement parks in India are refreshing themes, adding immersive rides, and expanding non-ride activities - from food festivals to concerts
 "Amusement parks set to woo guests with concerts and food festivals")
As the world turns its back on fossil fuels, Coal India faces a reckoning
India's largest supplier of coal is pivoting to boost its renewable energy output. It will need to cut its operating costs first, and increase coal output to keep the numbers up
 "As the world turns its back on fossil fuels, Coal India faces a reckoning")
Marico's digital brands cross ₹1,000 cr annual recurring revenue mark
Beardo, its men's grooming brand, has almost turned profitable, delivering a double-digit EBITDA, and its D2C wellness brand Plix has achieved break-even, he said
 "Marico's digital brands cross ₹1,000 cr annual recurring revenue mark")
US judgment against Byju Raveendran faces steep barriers in India
Default $1.07 bn ruling by Delaware court lacks automatic recognition under Indian law: Legal experts
 "US judgment against Byju Raveendran faces steep barriers in India")
ATS HomeKraft provides ₹1,250 cr exit to HDFC Capital's HCARE-2 fund
The ATS group developer cleared dues to HCARE-2 entirely through project cash flows, highlighting strong demand and healthier balance sheets in mid-income housing
 "ATS HomeKraft provides ₹1,250 cr exit to HDFC Capital's HCARE-2 fund")
BHP Group has made renewed bid approach to Anglo American: Report
Anglo American's market capitalisation is about $41.80 billion, while BHP's is around $132.18 billion, based on LSEG data.
 "BHP Group has made renewed bid approach to Anglo American: Report")
NHAI subsidiary DMEDL likely to buy back ₹5,975 crore bonds this week
DME Development Ltd, the NHAI-owned SPV for the Delhi-Mumbai Expressway, is preparing a ₹5,975 crore bond buyback after earlier repurchasing ₹9,924 crore
 "NHAI subsidiary DMEDL likely to buy back ₹5,975 crore bonds this week")
Rites to export in-service diesel locomotives to South Africa: CMD Mithal
Since Indian Railways is almost fully electrified, it is exploring opportunities to export its in-service diesel locomotives, having over 15 years of functional life remaining, he said
 "Rites to export in-service diesel locomotives to South Africa: CMD Mithal")
Carlyle launching $300 mn India side fund, eyes growth in key sectors
Carlyle's India fund will invest in financial services, advanced manufacturing, consumer, media and retail, technology and business services, and health care
 "Carlyle launching $300 mn India side fund, eyes growth in key sectors")
Magicpin, Rapido partner to challenge Zomato-Swiggy's food delivery duopoly
The partnership will open up magicpin's large restaurant base for Rapido, which launched Ownly in August, and has been looking to scale beyond Bengaluru
 "Magicpin, Rapido partner to challenge Zomato-Swiggy's food delivery duopoly")
SpiceJet resumes online services after technical glitch on website
The airline said the issue has been fully resolved and digital services are now operating as usual
 "SpiceJet resumes online services after technical glitch on website")
Oyo Assets raises ₹125 crore in fresh funding round led by InCred
Oyo Assets, also known as Sunday PropTech, is focused on acquiring and developing hotels in India across premium and mid-premium segments
 "Oyo Assets raises ₹125 crore in fresh funding round led by InCred")
Adani group JV firm acquires Trade Castle Tech Park for ₹231 crore
AdaniConneX (ACX), a joint venture of Adani group flagship firm Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX, has executed a share purchase agreement (SPA)
 "Adani group JV firm acquires Trade Castle Tech Park for ₹231 crore")
UFlex to invest over ₹700 cr to expand packaging film capacity in Karnataka
The company will add 54,000 MTPA of new capacity at the plant, bringing its global packaging film capacity to 690,160 MTPA, up from 636,160 MTPA
Domestic PV volumes to grow by 5% this fiscal: Tata Motors PV CEO
The April-September period this fiscal witnessed a 1.6 per cent year-on-year decline, and it was only the festive period that passenger vehicle sales rebounded in the domestic market
 "Domestic PV volumes to grow by 5% this fiscal: Tata Motors PV CEO")