Page 17 - Companies News

RCap auction postponed to April 11 even as Torrent pursues litigation

Lenders fix Rs 9,000 cr as floor price; Torrent may participate, but it will be subject to SC decision on its petition, which will be heard in August

CCI approves demerger of FMCG biz of Haldiram Snacks and Haldiram Foods

The existing shareholders of Haldiram Snacks and Haldiram Foods have acquired a 56% and a 44% stake, respectively, in Haldiram Snacks Food

Mahindra Finance assets grow 27% in FY23 on strong credit offtake

Credit quality improves as stage-3 assets dip to 4.6%

Adani Ports & SEZ completes Rs 1,485 cr acquisition of Karaikal Port

APSEZ will spend another Rs 850 cr over time to upgrade infrastructure and reduce the logistics cost for customers

Marico's consolidated revenue grew in low single digits in Jan-Mar quarter

India business volume growth improved slightly over the preceding quarter, staying in mid-single digits

At 23,926 units, Ashok Leyland reports 19% rise in sales in March 2023

Total sales of medium, heavy and light commercial vehicles sold in March in the domestic market grew by 23 per cent to 22,885 units from 18,556 units sold in the same month of last year

Molbio's Truenat to now test H3N2 and H1N1 virus amid spurt in cases

Molbio Diagnostics on Monday extended its real-time PCR platform Truenat to test H3N2 and H1N1 viruses, amid the rising cases of the influenza virus in India

Statiq wins order from HPCL for over 500 EV chargers in 12 states

EV charging network provider Statiq on Monday said it has won a contract from public sector oil marketing firm HPCL for setting up over 500 EV chargers across 12 states

Reliance's JioCinema clocks record 1.47 bn digital views in 1st IPL weekend

The broadcasting joint venture of Indian conglomerate Reliance Industries said its JioCinema app saw a record 1.47 billion digital video views on the opening weekend of the Indian Premier League

Standard Chartered, Akasa Air close operating lease of Boeing 737 Max 8

The first four MAX 8s were delivered between December 2022 and March 2023, the fifth is scheduled for delivery in the second quarter of calendar 2023

Swiggy CTO Dale Vaz steps down, Madhusudhan Rao named for his role

Karthik Gurumurthy, another senior executive of the firm, reportedly going on sabbatical

Fincham appoints Nokia's Sanjay Malik as new chairperson for FY24

Finland Chamber of Commerce in India on Monday announced the appointment of Sanjay Malik, Nokia Senior VP and Head of India Market, as its new Chairperson for the financial year 2023-24

IRB Infrastructure Trust lists on National Stock Exchange after Sebi's nod

IRB Infrastructure Trust, a privately placed infrastructure investment trust (InvIT) sponsored by IRB Infrastructure Developers Ltd, on Monday listed on the National Stock Exchange

Standard Chartered closes operating lease of 5 aircraft with Akasa Air

Akasa Air, which started operations on August 7 last year, had 19 Boeing 737MAX8 in the fleet as of March 25, according to an aircraft fleet tracking website

SpiceJet completes SpiceXpress hive off, results in gain of Rs 2,555 cr

As per the airline, the hive off would strengthen SpiceJet's balance sheet, wipe out a substantial portion of the company's negative net worth and unlock significant value for the company and its shar

Israel's former envoy to India appointed chairman of Adani's Haifa port

Malka served as the ambassador of Israel to India from 2018 to 2021

Wabtec Corp plans to make Bihar factory into an export-oriented unit

A strong order book of around $1.5 billion itself is proof of Wabtec's growing strength in the Indian rail sector

Housing finance company Aviom raises $30 million in a funding round

The company provides loans in the range of Rs 1-5 lakh for house construction, extension, and renovation. It has a network of 120 branches in 12 states

IPL 2023: Digital viewers on opening weekend top total viewership in 2022

The average time spent per viewer per match was 57 minutes, which was 60% higher than the average viewer per match during the opening weekend of last season

HSBC Holdings brushes aside Hong Kong investor's Asia spin-off proposal

The comment came as Ken Lui, an individual HSBC shareholder and leader of a Hong Kong-based investor group, called for the break up of the bank