Page 1049 - Company News

Ola Electric registers Rs 2,782 crore revenue in FY23, losses down 43%

The Bhavish Aggarwal-led company said that it has set in motion a few initiatives for strong growth and profitability in the near future

Kinetic's high-speed e-scooter Zulu comes with battery subscription plan

The battery subscription model is claimed to have reduced the acquisition cost by over 35 per cent and offers significant savings on running costs

Supreme Court agrees to hear bankruptcy plea against Zee founder

IDBI Trusteeship is the debenture trustee of 425 debentures worth Rs 425 crore issued by Essel Infraprojects Limited (EIL)

Adani Green Energy to raise $410 million to refinance 2024 dollar bond

The refinancing plan for Adani Green's $500 million Dec. 10, 2024 bond, dated Dec. 8, fulfills a requirement laid out in the terms of the note

Adani Group Ebitda surges record 47% in first half to cross Rs 43,000 cr

Trailing 12-month Ebitda of Rs 71,253 crore (USD 8.6 billion) is around 3x of FY19 (April 2018 to March 2019 fiscal year) Ebitda

Rajiv Jain-led GQG's $10 billion India bet has winning picks beyond Adani

The value of India investments across six of GQG's funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg

SpiceJet board adjourns meeting, to discuss funding plans on Tuesday

In an evening filing to the BSE, SpiceJet said its board on Monday "could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)"

JSW USA to raise $145 mn loan for capex Moody's affirms stable ratings

Company's reliance on long-term external financing will be critical, says agency

China play in PLI 2.0: Dixon wins deal to make laptops for Lenovo

Dixon, a player in the electronics manufacturing services space, has won the contract through Padget Electronics, a fully-owned subsidiary

Realty firm DLF CFO Vivek Anand resigns, MD Tyagi given additional charge

DLF MD Ashok Kumar Tyagi, who has the overall responsibility for all corporate functions including Finance, will now have oversight of the Group Finance, IT, and secretarial functions

Fedbank Financial Services posts 25.12% growth in profit during Q2FY24

The Net Interest Income (NII) of the company rose by 29 per cent to Rs 207.30 crore from Rs 160.40 crore in the second quarter of the financial year 2023

BDO Restructuring Advisory re-invites bids for gaming company SMAAASH

The Corporate Debtor (SMAAASH) has been involved in ongoing litigations, especially in connection with the trademarks and other brand content

Microsoft reaches agreement on union contract terms governing its AI use

Microsoft has revamped almost its entire product lineup, including Office, Windows, search and security software, to add features based on OpenAI technology

Tata Passenger Electric Mobility arm ties up with 4 charge point operators

"EV adoption is a national imperative to address urban pollution, and convenient charging infrastructure is a key enabler for driving faster EV adoption"

Relaxo Footwears to acquire land parcel at Bhiwadi at Rs 135 crore

The acquisition will be funded through internal accruals post the necessary statutory approvals, it added

IOC, LPG carriers reach truce after month long protest, NE supplies resume

Members of the North East Packed LPG Transporter Association (NEPLTA) had on December 4 stopped plying their trucks, alleging pending dues and low rates in recently floated tenders

Majority of Inian workers likely to stay given good organisational culture

According to the study, despite boasting favourable workplace attributes, Indian workers exhibit the lowest commitment ratings compared to other surveyed countries

ONDC have to address liability issue to build trust: Consumers Affairs secy

ONDC is an initiative of the Commerce and Industry Ministry to create a facilitative model to help small retailers take advantage of digital commerce

Tata Power, Indian Oil tie up to deploy 500 EV charging points across India

This strategic collaboration focuses on building a reliable and expansive intercity charging network which will help alleviate range anxiety for EV owners travelling between cities

LIC to infuse Rs 25 crore into its subsidiary LIC MF Asset Management

LIC MF ranks 23rd among fund houses in terms of assets under management (AUM). In the September 2023 quarter, the fund house's average AUM was Rs 24,257 crore