Page 9 - Companies News

Avaada Energy gets 421 MW solar project from Damodar Valley Corporation

Renewable energy company Avaada Energy on Friday said it has bagged a 421 MW solar project from Damodar Valley Corporation (DVC).

Unfinished business: ONGC facing question marks over future structure, role

This is an unnecessary overhang, since the company has not been on an investment spree

Byju's lenders ready for loan restructuring but want $200 mn prepayment

Byju's has volunteered to raise the interest rate for the loan by about 200 basis points (bps), but it has not agreed to the prepayment clause so far

Kalyani Forge's CFO Laxmi Narayan Patra resigns due to personal reasons

Forging company Kalyani Forge on Friday said its Chief Financial Officer (CFO) Laxmi Narayan Patra has resigned.

$500,000 worth Apple products, including 436 iPhones, stolen from US store

Thieves stole $500,000 worth of iPhones, iPads and Watches after breaking into an Apple store inside of a mall in the US.

Twitter to show 50% less ads with better visibility to Blue subscribers

In order to woo more users, Elon Musk-run Twitter will now show at least 50 per cent less ads to Blue subscribers, along with a boost in their visibility on the platform.

SFL's powertrain components division receives General Motors award

This is the tenth time that SFL has received the Supplier of the Year award, underlining the company's dedication to delivering quality products that exceed GM's expectations

Samsung Electronics cuts memory chip production as profit declines

Samsung Electronics said Friday it's cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit.

Meta releases AI model 'SAM,' can identify items within photographs

Facebook parent Meta released an artificial intelligence (AI) model that can pick out the different items within the photographs, Fox News reported.

D-Mart's revenue up by 20.1% to Rs 10,337.12 cr in quarter ending March

The Damani family-promoted retailer had reported a revenue of Rs 8,606.09 crore in the January-March quarter last fiscal, said a regulatory filing from Avenue Supermarts

Vedanta arm Zinc International in talks with global banks for $1.25 billion

Zinc International loan would require guarantee from Anil Agarwal-promoted group's India-listed firm

SP Group firm to raise $1 billion to repay debt, fund India operations

Armada 98/2 Pte had raised Rs 6,600 cr from Indian banks to fund its operations off the coast of Andhra Pradesh to ONGC

Taxi to Take Off: Air India says Phase 1 of its transformation complete

First phase focused on addressing legacy issues, strengthening fleet, upgrading systems and hiring

CCI approves SREI Infrastructure Finance's acquisition by NARCL, IDRCL

NARCL has submitted a resolution plan in relation to the corporate insolvency resolution process (CIRP) of SIFL and its wholly-owned subsidiary, SREI Equipment Finance Ltd (SEFL)

Promoter group firms have fully repaid loan against shares, says JSPL

Companies are part of Naveen Jindal group, which is following a deleveraging strategy

Demand trajectory improved a bit in Q4, green shoots emerged: Dabur

Says some 'green shoots' emerging despite near-term consumption pressure

E-commerce companies on ONDC may pay the price for non-compliance

Non-compliance may result in a penalty

On-tap application to set up fab plants likely; Meity may consider proposal

The change will give room to more players

Why India's education technology start-ups are in the deep freeze

They will continue to tread on thin ice amid a long funding winter unless they fundamentally revise their business models

Titan Company's revenue grows by 25% YoY in January-March quarter

Premium brands in watches continued their strong performance with brand Titan and brands in Helios stores registering double-digit growth that were higher than the overall segment