Page 967 - Company News

Magma Ventures sells Poonawalla Fincorp's shares worth Rs 200 crore

Magma Ventures, an entity owned by Chamria Family, disposed of shares of Poonawalla Fincorp on the National Stock Exchange (NSE)

E-commerce order volumes surge 18.7% during Republic Day sales: Unicommerce

The growth of e-commerce during the sale period was supported by attractive deals and nationwide marketing campaigns done by leading marketplaces, the report said

Got Rs 300 cr dues plus monthly collection from customer: Indus Towers

Without naming Vodafone Idea, Indus Towers Chief Financial Officer Vikas Poddar said with regard to a major customer

Before Sony merger collapse, Chandra blamed Sebi for trying to scuttle deal

"My concern is the timing of this new notice, and the urgency of the same since it matches with the merger completion timeline of ZEE and Culver Max," he had said in letter to FM

Gurgaon-based ACME signs pact with Japan's IHI to supply green ammonia

The term sheet covers the supply of 0.4 million metric tons per annum (MMTPA) of green ammonia from Phase-1 of ACME's Gopalpur on a long-term basis

HDFC Bank offloads CAMS shares worth Rs 270 crore via open market

The shares were offloaded in the price range of Rs 2,700-2,700.08 apiece on the bourses, taking the combined transaction value to Rs 270 crore

BoB raises Rs 5,000 cr via infra bonds; completes Rs 10,000 cr target

The coupon was fixed at 7.57 per cent for the 10-year paper. Bond market sources said the initial guidance for the coupon was 7.63-7.64 per cent

Bajaj Auto Vice Chairman Madhur Bajaj steps down due to health reasons

In a regulatory filing, Bajaj Auto said Madhur Bajaj has tendered his resignation from his position in the company with effect from the close of business hours on January 24, 2024

TVS, Bajaj Auto forecast lingering challenges to recovery of exports

On top of festive season, Bajaj Auto also benefited from strong demand for its premium motorcycles, led by the two Triumph models

Blue Dart Express Q3 profit rises to Rs 888.9 mn on festive demand

Logistic companies have been grappling with increased competition, slow demand and volatile air turbine fuel (ATF) rates, which form a major part of their expenses

Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

Simpl launches merchant biz offering to reduce CoD settlement time

The company said the product aims to reduce the settlement time for cash-on-delivery (CoD) orders by up to 90 per cent and improve daily sales by 40 per cent

Regulator fines Air India Rs 1.1 cr for violating flight safety rules

Tata Group-run airline was under DGCA's scrutiny in 2023, was asked to pay Rs 30 lakh as fine earlier this month

SBI Card raises Rs 525 crore via issuance of non-convertible debentures

It will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis

SoftBank entity sells 2% stake worth Rs 950 crore in Paytm parent

After selling a 2 per cent stake in the fintech company, SoftBank's total shareholding has come down to 5.06 per cent. The company held a 13.24 per cent stake in February 2023

Forbes Global enters India realty; will build projects, offer consultancy

Formed in December 2020, Forbes Global Properties entered India through membership network model. It already has a presence in 26 countries where 17,000 agents are providing real estate services

Ford to recall 1.9 mn Explorer SUVs to secure trim pieces that can fly off

The recall covers Explorers from the 2011 through 2019 model years

Skye Air inks 7 contracts for medical supplies delivery using drone tech

In tandem with their drone technology, Skye Air will leverage its Unmanned Traffic Management (UTM) software system for the delivery of medical supplies

Mazagon Dock Shipbuilders bags Rs 1,070 crore worth contract from MoD

The patrol vessels will be equipped with multipurpose drones, artificial intelligence capability, and wirelessly controlled remote water rescue craft to boost Indian Coast Guard's capability

TVS Motor beats Q3 profit view on strong festive demand, sales up by 25%

Sales of motorcycles jumped about 20%, accounting for nearly half of the total business, while sales of less-expensive scooters surged 36.5%, boosting TVS' revenue by 26% to 82.45 billion rupees