Page 3 - Companies News
Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding
Automotive software platform gets backing of Dragoneer Investment Group at a valuation of $4 billion
 "Tesla veteran Jay Vijayan's startup Tekion secures $200 million funding")
Paytm gets Sebi warning for transactions with banking unit, defends itself
Company says it's committed to 'highest compliance standards' after regulator flags related party transactions with Paytm Payments Bank in FY22
 "Paytm gets Sebi warning for transactions with banking unit, defends itself")
NCLT admits insolvency plea against Byju's, rejects firm's arbitration plea
Edtech company put under moratorium after tribunal finds it defaulted on due owned to BCCI
 "NCLT admits insolvency plea against Byju's, rejects firm's arbitration plea")
DVC raises capex by 36% to Rs 2,800 cr in FY24, plans to import coal
DVC has ambitious expansion plans, intending to add total of 9,654 MW of capacity to its existing 6,700 MW from all sources, with goal of increasing its generation capacity to 15,000-16,000 MW by 2023
 "DVC raises capex by 36% to Rs 2,800 cr in FY24, plans to import coal")
Market capitalisation of BSE NSE listed firms hits new peak of Rs 434.9 trn
Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points, or 0.24 per cent, to settle at a new closing peak of 76,992.77
 "Market capitalisation of BSE NSE listed firms hits new peak of Rs 434.9 trn")
Vedanta to raise $100 million by issuing non-convertible debentures
In the past two months, Vedanta's board has already approved raising up to $300 mn through debentures
Market capitalisation of BSE-listed firms hits new peak of Rs 434.9 trn
Rising for the third straight session, the 30-share BSE Sensex climbed 181.87 points, or 0.24 per cent, to settle at a new closing peak of 76,992.77
Adani Ports to pay $130 mn of debt early, $413 mn debt tendered for payment
Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month
 "Adani Ports to pay $130 mn of debt early, $413 mn debt tendered for payment")
Electrics and hybrids account for 1 per cent and 5.7 per cent share of total car sales, respectively
Electrics and hybrids account for 1 per cent and 5.7 per cent share of total car sales, respectively
 "Electrics and hybrids account for 1 per cent and 5.7 per cent share of total car sales, respectively")
Nestle India says cut added sugars in baby cereal range
Swiss investigative group says it found packaged goods major added sugar in the form of sucrose or honey in range sold in Asia, Africa, and Latin America
'India's economy has parallels to 2000s, when growth averaged over 8%'
The economists at Morgan Stanley also said the economy appears to have room for even further expansion, given the path for additional capital expenditure - especially from private businesses
 "'India's economy has parallels to 2000s, when growth averaged over 8%'")
23 IPOs hit lowest level since listing; 13 fall below issue price
Credo Brands Marketing, ASK Automotive, Flair Writing Industries, Rishabh Instruments, and TVS Supply Chain Solutions fell below their issue prices
 "23 IPOs hit lowest level since listing; 13 fall below issue price")
GDP or GVA: Take your pick for methodology to compute growth numbers
he raging debate may boil down to what you are looking for
 "GDP or GVA: Take your pick for methodology to compute growth numbers")
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NPCI likely to approve third-party application license for Paytm this week
UPI, operated by the NPCI, is India's real-time payments system that allows users to transfer money across banks
High stakes: OYO, FHRAI accuse each other of functional irregularities
Reports of the two butting heads date back to December 2018, when FHRAI accused OYO of large-scale breach of contracts, jeopardising consumer safety and violation of law
 "High stakes: OYO, FHRAI accuse each other of functional irregularities")
L&T Tech trims FY revenue growth guidance; Q2 profit up 4.7% to Rs 315 cr
The unit of engineering conglomerate Larsen and Toubro now expects revenue in dollars for this fiscal year ending March to grow 17.5%-18.5% in constant currency
 "L&T Tech trims FY revenue growth guidance; Q2 profit up 4.7% to Rs 315 cr")
