Journalism of Courage
COMPANIES NEWS - Page 61
Adani Group pledges shares of ACC, Ambuja Cements worth about $12.5 billion
September 21, 2022 10:39 IST
Deutsche Bank AG's Hong Kong branch, which is the agent for the shares in ACC and Ambuja, made the disclosure in filings to India's stock exchanges on Tuesday.
OYO posts Rs. 414-crore loss in Q1; ‘targets IPO in early 2023’Subscriber Only
September 20, 2022 07:07 IST
OYO claimed its maiden adjusted Ebitda during Q1FY23 at Rs 7 crore. The company’s revenue from operations during the April-June stood at Rs 1,459.3 crore.
Ola to cut 200 engineering jobsSubscriber Only
September 20, 2022 07:23 IST
In a statement on Monday, the company said, “Ola Electric has been increasing its focus on non-software engineering domains with a clear focus on building engineering and R&D capabilities across — vehicle, cell, battery, manufacturing and automation, autonomous engineering streams and others.”
Adani Group to become most profitable cement manufacturer
September 19, 2022 11:26 IST
In a speech made at an event to mark the completion of the acquisition on September 17, the Adani Group founder and chairman said the ports-to-energy conglomerate has in a single stroke become the second largest cement manufacturer in the country.
Ontario pension fund to buy 30% in Mahindra’s renewable arm
September 19, 2022 00:56 IST
The companies will also set up an infrastructure investment trust (InvIT), including renewable power assets seeded by Mahindra Susten with operational capacities of about 1.54 GWp, by FY24, Mahindra Group said in a regulatory update.
Karan Adani is ACC chairman; Ambuja gets Rs 20K-cr boostSubscriber Only
September 17, 2022 00:36 IST
Gautam Adani was named chairman of Ambuja Cements and his son Karan appointed a director of both cement firms and as chairman of ACC
Govt revises paid-up capital, turnover thresholds for small cos; reduce their compliance burden
September 16, 2022 10:29 IST
The latest decision by the corporate affairs ministry, which is implementing the companies law, has again revised the definition of small companies and is aimed at further improving the ease of doing business.
Adani Wilmar eyes acquisitions to push food businessSubscriber Only
September 15, 2022 15:28 IST
“We are looking at acquiring brands in staple foods and distribution companies to boost our consumer goods offering and reach,” Angshu Mallick, chief executive officer and managing director at Adani Wilmar, said in an interview.
Byju’s reports widening losses after prolonged audit delaySubscriber Only
September 15, 2022 14:26 IST
The company reported a 13-fold widening in losses in the year through March 2021, with net losses swelling to 45.7 billion rupees ($575 million) as it boosted spending to bolster growth. Sales were little changed from the previous 12 months however, at 24.3 billion rupees.
ED searches Paytm, PayU premises: Report
September 15, 2022 01:59 IST
Commenting on the matter, a Paytm spokesperson said, “as we have mentioned before, ED continues to seek information about certain merchants from various payment service providers, we have shared the required information.”
Byju’s FY21 loss rises 17x; revenue calculation method changed, says companySubscriber Only
September 15, 2022 01:44 IST
Edtech major Byju’s clocked a revenue of Rs 2,428 crore in the financial year ended March 2021, far below its own projections.
Twitter shareholders vote in favor of Elon Musk’s $44 billion offer
September 14, 2022 07:01 IST
This is a developing story. It will be updated as more information comes in.
No two timing – no moonlighting: Infosys warns employees
September 14, 2022 01:32 IST
The debate on moonlighting came to the fore after food-tech company Swiggy allowed its employees to take up side gigs as long as they didn't affect their full-time work at the company.
Government may offer $2.5 billion to fuel retailers Indian Oil, HPCL and BPCLSubscriber Only
September 13, 2022 15:08 IST
The three biggest state-run retailers, which together supply more than 90% of India’s petroleum fuels, have suffered the worst quarterly losses in years by absorbing record international crude prices.
Goldman Sachs to cut several hundred jobs starting this monthSubscriber Only
September 13, 2022 14:33 IST
The move from the banking bellwether is the surest sign yet of a chill that has set in across the industry amid a slump in revenue after record-breaking years.
Vedanta, Foxconn to invest $19.5 billion in Gujarat for semiconductor project
September 14, 2022 11:58 IST
Foxconn is acting as the technical partner, while oil-to-metals conglomerate Vedanta is financing the project as it looks to diversify into chip manufacturing.
‘Tata in talks with Wistron for JV to assemble iPhones’
September 10, 2022 01:54 IST
The discussions with Wistron Corp. are aimed at making Tata a force in technology manufacturing, and the Indian salt-to-software conglomerate wants to tap the Taiwanese company’s expertise in product development, supply chain and assembly, people with knowledge of the matter said.
CreditSights finds ‘calculation errors’ in its debt report on Adani Group
September 9, 2022 02:47 IST
Last month, CreditSights had said the Adani Group is “deeply over leveraged”, and may, “in the worst-case scenario”, spiral into a debt trap and possibly a default.
Fitch Group’s CreditSights discovers errors in debt report on Adani Group firms
September 8, 2022 15:10 IST
Adani Group CreditSights Report: Last month, CreditSights had said that the Adani Group is “deeply over leveraged”, and may, “in the worst-case scenario”, spiral into a debt trap and possibly a default.
Automobile retail sales in India rise 8.31% in August: FADA
September 8, 2022 12:21 IST
As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at 15,21,490 units last month as compared to 14,04,704 units in August 2021.
NCLT to ZEEL: Convene shareholder meet on October 14
September 8, 2022 02:44 IST
NCLT also named a chairperson and scrutiniser for the meeting, as per a regulatory update by ZEEL, which added that the order was received on Wednesday.
Twitter can’t seek rights available to citizens: Govt in HCSubscriber Only
September 7, 2022 04:04 IST
Twitter had moved the court earlier this year with a plea to quash 10 orders issued in the year 2021 by the Centre to block as many as 39 accounts or to restrict the orders to specific tweets which violate Section 69A of the Information Technology Act, 2000.
Reliance to acquire US-based solar energy software maker for $32 million
September 6, 2022 13:23 IST
The acquisition of a 79.4 per cent stake in SenseHawk is part of the conglomerate's aggressive push into renewable energy to decarbonise its oil and chemical-dominated business.
Cyrus Mistry’s first tryst with life under a spotlight had ended in darknessSubscriber Only
September 5, 2022 08:17 IST
Mistry’s grandfather had first bought shares in Tata Sons in the 1930s, a stake that currently stands at 18.5 per cent and is held by the Mistry family. Cyrus was the brother-in-law to Noel Tata, Ratan Tata’s half-brother.
‘Adani Group’s debt to go up to Rs 2.6 trillion’
September 4, 2022 10:32 IST
The analysts have pointed out that while debt levels may have gone up, the cash flows for the group have also grown steadily, with more assets coming on stream and becoming operational.
Advertisement
Live Blog
Advertisement
Best of Express
Cities68 murdered in Maliana, all accused acquitted 36 years later, residents ask: So who killed our families?
EntertainmentDon 3 teaser: Ranveer Singh's first look revealed, says '11 mulkon ki police dhoondti hai mujhe'
EntertainmentRajinikanth's Jailer sells 9 lakh tickets, Gadar 2 rules the North with 3 lakh ticket sales: What Independence Day weekend at movies looks like
Trending‘Decline of a once great country’: Telegram CEO Pavel Durov offers to buy stolen Louvre jewels on one condition
Advertisement
Must Read
SportsFor Rohit Sharma and Virat Kohli, playing in the 2027 World Cup may not be a pipe dream after all
TechnologyI tried Oral-B’s iO Series 9 premium AI toothbrush: Here’s how it helped me build better brushing habits
Buzzing Now
Trending‘Decline of a once great country’: Telegram CEO Pavel Durov offers to buy stolen Louvre jewels on one condition
Trending'Couldn’t move or drink water for 24 hours': Disturbing video of passenger stuck in overcrowded train sparks outrage
Trending‘Don’t return him to us’: Indian man creates ruckus in Thailand, switches smoothly from Hindi expletives to British accent during arrest; video viral
