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COMPANIES NEWS - Page 7
Allocating satellite spectrum: Jio vs Starlink spat and why most countries avoid auctionsSubscriber Only
October 22, 2024 09:36 IST
Their essential argument is that administrative allocation may not be able to bring about a level playing field between satellite and terrestrial services.
Infosys sees 5% rise in Q2 net, raises revenue outlook
October 18, 2024 10:58 IST
Infosys shares gained 2.58 per cent to Rs 1,969.50 on the BSE on Thursday following the results announcement.
Hyundai IPO subscribed 42% on Day 2; retail quota booked 38%Subscriber Only
October 17, 2024 08:36 IST
Overall, the share sale saw a subscription of 42 per cent on its second day, with 4.17 crore bids being received, compared to 9.97 crore shares on offer. The employees purchased 131 per cent of the shares offered to them.
Weaver Services acquires Capital India Home LoansSubscriber Only
October 17, 2024 08:35 IST
To finance this acquisition and fuel its ambitious pan-India expansion plans, Weaver is raising capital from leading private equity funds including Gaja Capital and Lok Capital to secure up to Rs 800 crore in funding.
Hyundai Motor IPO opens: Retail portion subscribed 25% as of 4 pmSubscriber Only
October 16, 2024 07:59 IST
The total response for the IPO as of 4 pm IST was for 1.68 crore shares as against the offer size of 9.97 crore shares, showing a subscription level of 17 per cent.
Hyundai Motor India raises Rs 8,315 crore from 225 anchor investorsSubscriber Only
October 15, 2024 07:13 IST
The Rs 27,870 crore-IPO of the automaker is the largest ever share offering in the country.
Who succeeds Ratan Tata and the challenges for the $165 billion diversified groupSubscriber Only
October 10, 2024 20:01 IST
Ratan Tata Successor: Noel Tata, the half-brother of Ratan Tata, is seen as a strong contender to succeed the Tata legacy due to his familial ties and involvement in many group companies.
IPO-bound Hyundai India to invest Rs 32,000 crore in 10 yearsSubscriber Only
October 10, 2024 01:41 IST
Price band for Rs 27,870 crore IPO fixed at Rs 1,865 to Rs 1,960 per share; Korean parent to get entire proceeds
Customs authority imposes Rs 92.04 crore penalty, Rs 10 crore fine on Vedanta
October 9, 2024 17:01 IST
The order was received on Tuesday, October 8, Vedanta Ltd said in a regulatory filing.
Swiggy gets Sebi approval to raise funds via IPO
September 25, 2024 12:51 IST
The company is looking to shore up about Rs 750 crore from anchor investors in a pre-IPO round, sources said.
Hyundai Motor India gets Sebi nod to float IPO
September 25, 2024 12:41 IST
Since the public issue is completely an OFS, Hyundai Motor India Ltd, which is the second largest carmaker in India after Maruti Suzuki India, will not receive any proceeds from the IPO.
After taking haircut, SBI to invest in defaulter Supreme InfrastructureSubscriber Only
September 25, 2024 08:43 IST
SBI, India’s largest bank, has proposed to invest Rs 24.33 crore in SIIL's preferential allotment, acquiring 28.55 lakh shares at Rs 85.23 per share, giving the bank an equity stake of 2.08 per cent stake in the company, according to exchange filings.
Uncertain in Dhaka, Adani Godda plant seeks speedy link to Indian power gridSubscriber Only
September 23, 2024 09:00 IST
Transmission authority rejects bid for connection via nearby substation, approves link through Lakhisarai.
‘Regret missing her funeral’: EY India Chairman Rajiv Memani on Anna Sebastian Perayil’s deathSubscriber Only
September 20, 2024 16:53 IST
Hours after the Centre launched an investigation into “unsafe and exploitative work environment” at the consultancy firm, Memani said he is “committed to nurturing a harmonious workplace”.
Chipmaker NXP to invest $1 billion in India to boost research & developmentSubscriber Only
September 12, 2024 11:27 IST
"NXP is committed to double its R&D efforts here in the country in the next few years, which is far in excess of a billion dollars," Kurt Sievers, CEO of NXP Semiconductors said at the Semicon India 2024 event.
Adani sets up arm in Kenya for airport business
September 5, 2024 05:41 IST
The subsidiary aims to take over, operate, and manage airports, with talks ongoing to invest in the airport business, it said in an exchange filing.
More Indians taking multiple foreign trips a year, new destinations gain popularity: MakeMyTripSubscriber Only
September 3, 2024 22:36 IST
The top 10 countries of interest for Indians in the June 2023-May 2024 period remained the same as the previous years—led by the United Arab Emirates (UAE), Thailand, United States (US), Singapore, and Indonesia.
With low prices and local flavours, IKEA spices up food business in IndiaSubscriber Only
September 3, 2024 16:26 IST
In last 3 years, food business has doubled its contribution to overall revenue
ONGC Videsh seeks US nod to operate projects in sanction-hit Venezuela under ‘Chevron model’Subscriber Only
August 30, 2024 22:34 IST
Given Washington’s sanctions on the Latin American country’s oil and gas sector, companies cannot use American banking channels, services, and US dollars for these projects, unless they have a specific license from the Office of Foreign Assets Control of the US Department of Treasury.
RIL plans 1:1 bonus issue; to invest Rs 75,000 cr in new energy ecosystem
August 30, 2024 04:00 IST
To double revenue, EBITDA over the next 3-4 years: Mukesh Ambani
Warren Buffett’s Berkshire Hathaway closes above $1 trillion market value
August 29, 2024 20:01 IST
The $1 trillion valuation is based on Berkshire's 553,234 Class A and 1,325,192,508 Class B shares outstanding as of July 23.
Competition Commission clears merger of RIL’s media assets with Walt Disney
August 28, 2024 17:05 IST
The deal, announced six months ago, has been cleared by the CCI with certain modifications proposed by the two parties.
Cement companies plan Rs 1.25 lakh crore capex till FY27: Crisil Ratings
August 24, 2024 04:00 IST
“A healthy 10 per cent annualised increase in cement demand in the past three fiscals outpaced growth in capacity addition, pushing utilisation level to a decadal high of 70 per cent in fiscal 2024 and prompting manufacturers to press the capex pedal,” it said.
Ola plans dark stores, Krutrim cloud for ONDC
August 16, 2024 04:08 IST
Ola Consumer, the rebranded name of Ola Cabs, is looking at revolutionizing the warehousing space that supercharges the commerce supply chain, the company said.
Black Box reports 55% rise in net profit in Q1
August 14, 2024 20:17 IST
Revenue for this quarter stood Rs 1,423 crore, compared to Rs 1,571 crore in the first quarter of the previous financial year
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