Page 22 - Companies News
Indowind Energy approves allotment of 1.75 cr shares for Rs 12 per share
This price includes a premium of Rs 2 on each share, Indowind Energy said in a regulatory filing
 "Indowind Energy approves allotment of 1.75 cr shares for Rs 12 per share")
Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year
Byju's acquired AESL in 2021 for about $1 billion. Since then, Byju's said AESL's revenue and profits tripled
 "Byju's-backed Aakash expecting to cross Rs 3,000 cr in revenues this year")
Softbank-backed Oyo confidentially 'pre-files' for Indian IPO: Report
The company initially filed to go public in 2021, aiming for an IPO size of 84.3 billion Indian rupees ($1.02 billion), but delayed the share sale at that time
 "Softbank-backed Oyo confidentially 'pre-files' for Indian IPO: Report")
Reliance Industries shares jump over 4%, mcap climbs Rs 64,723.85 cr
In traded volume terms, 6.17 lakh shares of the firm were traded on BSE and over 1.30 crore shares on NSE during the day
 "Reliance Industries shares jump over 4%, mcap climbs Rs 64,723.85 cr")
Coal India's production touches all-time high of 700 million tonnes
Volume surpasses CIL's own output target, is up 12% over last year's figure
 "Coal India's production touches all-time high of 700 million tonnes")
HAL registers highest-ever revenue of around Rs 26,500 cr for 2022-23
He said the order book of the Bengaluru-headquartered company stood at around Rs 82,000 crore at the end of March 2023 after liquidation of the supplies during 2022-23
 "HAL registers highest-ever revenue of around Rs 26,500 cr for 2022-23")
Navratna defence PSU BEL receives export orders worth $52 million in March
Navratna defence PSU Bharat Electronics Limited (BEL) has received export orders worth $52 million during this month, the company said on Friday
 "Navratna defence PSU BEL receives export orders worth $52 million in March")
NCLT orders initiating insolvency proceedings against Mantri Developers
NCLT has directed initiating insolvency proceedings against Bengaluru-based real estate firm Mantri Developers admitting the plea filed by Indiabulls Housing Finance Ltd
 "NCLT orders initiating insolvency proceedings against Mantri Developers")
Private lender Bandhan Bank adds 50 new branches to its existing network
It said that the spread of the new branches is a testament to the bank's commitment to expand its reach across the country and serve the needs of all segments of customers
 "Private lender Bandhan Bank adds 50 new branches to its existing network")
Coal India surpasses annual output target for first time in 17 years
Coal India last achieved its annual production target in 2006, when it produced 343.4 million tonnes against a plan to produce 343 million tonnes
 "Coal India surpasses annual output target for first time in 17 years")
Office space operator Tablespace takes on lease 100,000 sq ft area in Pune
Co-working is emerging to be the preferred office space for businesses across industries, especially post-pandemic, given the flexibility and cost-effectiveness it offers, the consultant added
 "Office space operator Tablespace takes on lease 100,000 sq ft area in Pune")
Shriram General Insurance bets big on EVs, join hands with several OEMS
Company targets 40% growth in gross direct premium in 2023-24
 "Shriram General Insurance bets big on EVs, join hands with several OEMS")
Government receives dividend tranches from PSUs, NPCIL, UCIL, HAL
The government on Friday received Rs 736 crore and Rs 102 crore from public sector undertakings (PSUs) Nuclear Power Corporation of India Limited (NPCIL) and Uranium Corporation of India Limited
 "Government receives dividend tranches from PSUs, NPCIL, UCIL, HAL")
Urbanrise purchases 9.24 acre land parcel from Mahindra Life Spaces
Real estate developer Urbanrise has acquired a land parcel of 9.24 acre from Mahindra Life Spaces to develop a two million sq ft luxury highrise apartment community at Mahindra World City
 "Urbanrise purchases 9.24 acre land parcel from Mahindra Life Spaces")
IFFCO-Tokio crosses Rs 10,000 crore gross written premium in FY23
IFFCO-Tokio General Insurance on Friday said it has achieved a milestone of generating Rs 10,000 crore of gross written premium for the current fiscal
 "IFFCO-Tokio crosses Rs 10,000 crore gross written premium in FY23")
Snacks start-up Kikibix raises $300,000 from founders of nine unicorns, VCs
Nutrition snacking start-up Kikibix has raised USD 300,000 from founders and co-founders of nine unicorns, including Mama Earth, Pristyn Care, Fashinza etc, the company said on Friday
 "Snacks start-up Kikibix raises $300,000 from founders of nine unicorns, VCs")
ArcelorMittal-Nippon Steel India JV signs $5 bn loan with Japanese banks
ArcelorMittal SA on Friday said its Indian steelmaking joint venture with Asian peer Nippon Steel Corp has entered into a $5 billion loan deal
 "ArcelorMittal-Nippon Steel India JV signs $5 bn loan with Japanese banks")
Zee enters one-time settlement with StanChar over Siti Networks loan
The matter pertained to a default in payments by Essel Group's multisystem operator arm Siti Networks. ZEEL was a guarantor to the loans taken by Siti Networks
 "Zee enters one-time settlement with StanChar over Siti Networks loan")
Patanjali Foods says not considering FPO to increase public shareholding
But other modes like OFS, QIP to raise public shareholding
 "Patanjali Foods says not considering FPO to increase public shareholding")
Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt
People holding leadership roles are now based out of Ahmedabad but their teams are working from Mumbai and the teams have to spend a substantial time travelling back and forth between the cities
 "Adani Group relocating key roles at ACC, Ambuja Cements to Ahmedabad: Rpt")
