Page 1410 - Company News
Tata Steel Mining signs MoU with BPCL to get LNG for Odisha plant
In an attempt to secure long-term supply of liquified natural gas for its ferroalloys plant located in Odisha's Jajpur, TSML has signed a memorandum of understanding with BPCL
 "Tata Steel Mining signs MoU with BPCL to get LNG for Odisha plant")
Daily domestic passenger traffic declines 4.7% due to Go First's exit
The average daily international flights fell by 1.74 per cent in the week
 "Daily domestic passenger traffic declines 4.7% due to Go First's exit")
Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC
In April, Sebi moved the SC and sought a six-month extension to complete its probe
 "Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC")
OYO-owned Weddingz.in to expand to 7 cities in 2023 amid rise in demand
OYO-owned Weddingz.in announced its plans to enter 7 new cities in 2023, including in Ahmedabad, Hyderabad, Chandigarh, Vadodara, Goa, Varanasi and Ludhiana
 "OYO-owned Weddingz.in to expand to 7 cities in 2023 amid rise in demand")
DLF Q4 profit up 40% to Rs 569.6 cr, net profit rises 36% to Rs 2,034 cr
Total income declined to Rs 6,012.14 crore in 2022-23 financial year from Rs 6,137.85 crore in the previous year
 "DLF Q4 profit up 40% to Rs 569.6 cr, net profit rises 36% to Rs 2,034 cr")
Pincode clocks 5,000 daily orders on ONDC within month of launch
E-commerce app of fintech platform PhonePe says after Bengaluru it will be in more cities
 "Pincode clocks 5,000 daily orders on ONDC within month of launch")
Adani-owned Ambuja Cements to expand production capacity by 14 mn tonnes
The projects are expected to be commissioned in two years and will funded using internal accruals, it added
 "Adani-owned Ambuja Cements to expand production capacity by 14 mn tonnes")
Five Star Business Finance expects 30% growth in AUM in FY24
Firm plans 60 new branches during the year, increase staff strength and hike ticket size as well
 "Five Star Business Finance expects 30% growth in AUM in FY24")
Hindustan Aeronautics posts first decline in profit in 10 quarters
The company also said it incurred tax expenses of 124.7 million rupees in the quarter, against a gain of 5.28 billion rupees from tax refunds a year ago
 "Hindustan Aeronautics posts first decline in profit in 10 quarters")
Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr
The hospital chain operates in Thane, Pune and Indore under the "Jupiter" brand with a total bed capacity of 1,194 as of December 2022
 "Jupiter Life Line Hospitals files IPO papers with Sebi to raise Rs 615 cr")
Noise reports over Rs 2,000 crore revenue in FY23 with 100% growth YoY
Homegrown consumer wearable company Noise on Friday said it clocked over Rs 2,000 crore in revenue in FY23 with a record growth of over 100 per cent (year-on-year)
 "Noise reports over Rs 2,000 crore revenue in FY23 with 100% growth YoY")
Tesla recalls 1.1 million electric cars from China over braking defect
Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be fixed
 "Tesla recalls 1.1 million electric cars from China over braking defect")
Sundaram Home Finance confident of growth as demand remains positive: MD
Sundaram Home Finance was confident of continuing its growth during the current financial year as the demand in real estate sector remains positive, a top official said on Friday
 "Sundaram Home Finance confident of growth as demand remains positive: MD")
USA's Neuberger Berman slashes valuation of India's Pine Labs, PharmEasy
Fintech firm's valuation cut by 38% and online pharmacy's by 21% as start-up investors battle macroeconomic uncertainties
 "USA's Neuberger Berman slashes valuation of India's Pine Labs, PharmEasy")
Maruti Suzuki to invest $5.5 bn by 2030 to double its capacity in India
It will invest Rs 45,000 crore to start eight assembly lines with an annual production capacity of 250,000 units each across two new facilities
 "Maruti Suzuki to invest $5.5 bn by 2030 to double its capacity in India")
Wadia Group company took $300 million loan from Deutsche Bank: Report
The Wadia Group company obtained the loan by putting a charge on the account of the London-based parent of Britannia Industries
 "Wadia Group company took $300 million loan from Deutsche Bank: Report")
Magicpin records multi-fold growth in daily orders on ONDC in 5 weeks
The number of orders soared beyond expectations as magicpin doubled its daily orders via its own buyer app and through buyer apps of multiple platforms like Paytm, Phonepe's Pincode and Meesho
 "Magicpin records multi-fold growth in daily orders on ONDC in 5 weeks")
NCLT dismisses Central Bank insolvency plea against Simplex Infrastructures
EPC firm's balance sheets do not show negative net worth, says tribunal's Kolkata bench
 "NCLT dismisses Central Bank insolvency plea against Simplex Infrastructures")
Pratt & Whitney faces higher risks after Go First filed for bankruptcy
"Go First's recent bankruptcy filing has radically changed the field of play in terms of Go First's need for relief and IAE's risk," its filing stated
 "Pratt & Whitney faces higher risks after Go First filed for bankruptcy")
SoftBank offloads 2% stake worth $120 million in Paytm to meet SEBI rules
This was done in a series of open market transactions since Feb 2023 to comply with Sebi's takeover regulations
 "SoftBank offloads 2% stake worth $120 million in Paytm to meet SEBI rules")