Page 976 - Company News
Adani Power Q3 results: Net profit rises multi-fold to Rs 2,738 crore
The company had reported a profit of Rs 9 crore in the third quarter of 2022-23
 "Adani Power Q3 results: Net profit rises multi-fold to Rs 2,738 crore")
Kinetic Green to launch E-Luna in February, bookings start on January 26
Consumers can secure their E-Luna by pre-booking on the Kinetic Green website for an amount of Rs 500. Kinetic had started a pilot around September in some locations of Maharashtra
 "Kinetic Green to launch E-Luna in February, bookings start on January 26")
Tata Power to hold 'lok adalat' for north Delhi consumers on January 28
The special court will start at 10 am near Venkateshwar Global School in Rohini Sector-13, the Tata Power Delhi Distribution Limited (TPDDL) spokesperson said
 "Tata Power to hold 'lok adalat' for north Delhi consumers on January 28")
Air India to take delivery of 5 more A350s by June: CEO Campbell Wilson
As Tata Group's takeover of loss-making Air India completes two years on January 27, Wilson also said that on average, one aircraft will arrive every six days throughout 2024
 "Air India to take delivery of 5 more A350s by June: CEO Campbell Wilson")
CCI approval for stake buy does not give Burmans 'clean chit': Religare
On Tuesday, the Competition Commission of India (CCI) approved the acquisition of 31.27 per cent of additional stake in Religare Enterprises by four entities of Dabur India promoter Burman family
 "CCI approval for stake buy does not give Burmans 'clean chit': Religare")
HDFC Bank sees period of consolidation as it absorbs mega merger: Report
The lender's quarterly earnings last week prompted a sharp 15% decline in the stock, even as its profit beat expectations, as analysts raised concerns about lending margins
 "HDFC Bank sees period of consolidation as it absorbs mega merger: Report")
Zomato Payments gets RBI approval to operate as payment aggregator
The food delivery platform incorporated Zomato Payment Pvt Ltd in August 2021 with the purpose of applying for payment aggregator authorisation
 "Zomato Payments gets RBI approval to operate as payment aggregator")
Maruti Suzuki, J&K Bank partner to provide financing solutions to dealers
"The MoU is surely a big step towards providing vital inventory funding support to Maruti Suzuki's extensive dealer network seamlessly across the country," J&K Bank MD & CEO Baldev Prakash said
 "Maruti Suzuki, J&K Bank partner to provide financing solutions to dealers")
Jindal Steel cuts export forecast on Red Sea crisis, weaker EU, US demand
The company is exploring "new options" and a "variable freight model", Jindal said, as part of efforts to deal with the challenges posed by attacks launched by the Iran-allied Houthi militia on ships
 "Jindal Steel cuts export forecast on Red Sea crisis, weaker EU, US demand")
SC denies bail to Yes Bank realtor Sanjay Chhabria in money laundering case
A bench of Justices Bela M Trivedi and Pankaj Mithal said the offence is serious and the high court considered everything
 "SC denies bail to Yes Bank realtor Sanjay Chhabria in money laundering case")
HDFC Bank sees period of consolidation as it absorbs mega merger: Report
Before the merger, the bank's return on equity was above 17 per cent, but it has since declined to 15.8 per cent as of December-end
 "HDFC Bank sees period of consolidation as it absorbs mega merger: Report")
Hindenburg report anniversary: We have emerged stronger, says Gautam Adani
Sustained focus on operations yielded the highest-ever quarterly profit in the second quarter of current fiscal, Gautam Adani said
 "Hindenburg report anniversary: We have emerged stronger, says Gautam Adani")
DLF sales bookings jump 2-fold to Rs 13,316 cr in Apr-Dec on high demand
In the 2022-23 fiscal, DLF's sales bookings stood at a little over Rs 15,000 crore, and it is likely to clock higher numbers in the current fiscal
 "DLF sales bookings jump 2-fold to Rs 13,316 cr in Apr-Dec on high demand")
Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons
In another filing by Wipro, Rishad Premji informed that 5,115,090 equity shares of Wipro Ltd has been received as gift from Azim Premji
 "Premji gifts 10 mn equity shares of Wipro worth over Rs 480 cr to his sons")
A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant
While Sony's India head sought to rally the morale of his employees in a letter Wednesday, it was thin on details on how it plans to fend off rivals
 "A game of bluff scuttled Sony-Zee's plans to create $10 bn media giant")
Ranjan Pai to own 40% in Byju's Aakash Institute, make it debt-free
Aakash Institute's board has approved the conversion of Ranjan Pai's $300 million investment, making him the principal shareholder and rendering the company debt-free
 "Ranjan Pai to own 40% in Byju's Aakash Institute, make it debt-free")
FAA approves inspection process to clear way for grounded Boeing planes
Boeing said it will work with the FAA and the airlines to get the grounded planes back in the air
 "FAA approves inspection process to clear way for grounded Boeing planes")
Bofa Securities offloads shares of 6 cos, including Infosys, for Rs 377 cr
Bofa Securities Europe SA also disposed of shares in TVS Motor Company, Dabur India, and Page Industries
 "Bofa Securities offloads shares of 6 cos, including Infosys, for Rs 377 cr")
Kinetic Green to roll out e-Luna next month, bookings start on Jan 26
The e-Luna comes to the market five decades after the launch of the Luna moped
 "Kinetic Green to roll out e-Luna next month, bookings start on Jan 26")
Fidelity reduces valuations of Meesho, Pine Labs as of October 2023
In September 2021, Fidelity led a $570 million round in Meesho along with B Capital Group, a venture capital firm co-founded by Facebook Co-Founder Eduardo Luiz Saverin
 "Fidelity reduces valuations of Meesho, Pine Labs as of October 2023")