Adani Group CFO Jugeshinder Robbie Singh on Tuesday said stock exchanges update data on promoter share pledges at the end of the quarter, as he tried to clarify on present data not matching with the conglomerate's statement of repaying all the USD 2.15 billion of share-backed debt. Singh termed reports suggesting that the company's March [...]
Aster DM Healthcare on Tuesday said its main promoters, the family of its founder Azad Moopen, recently bought the 4 per cent stake held by a private equity investor for Rs 460 crore, increasing their holding to 41.88 per cent now. The deal values Aster DM Healthcare at USD 1.4 billion, the company said. Its [...]
The government has exercised the call option for the redemption of non-interest bearing special security to the tune of Rs 255 crore given to IDBI Bank in 2004. With this redemption the total outstanding amount will come down to Rs 2,378.73 crore, a gazette notification dated March 27, 2023, said. These 20-year tenure special securities [...]
State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko’s upcoming green ammonia plant at Kakinada. NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Limited, has signed a term sheet with Greenko ZeroC Pvt Ltd (A Greenko Group company) on March 28, 2023, to supply 1,300 MW round-the-clock RE [...]
Microsoft-owned GitHub has laid off 142 people in India, including the entire staff in its engineering division, people aware of the development said on Tuesday. Those affected by the decision were deployed across the company's offices in Bengaluru, Hyderabad and Delhi. When contacted, a GitHub spokesperson said the decision was part of the company's reorganisation [...]
Tata Power on Tuesday exuded confidence that the financial capital will be able to avoid a re-occurrence of an electricity outage courtesy of improved coordination between stakeholders and more investments in multiple areas, including cybersecurity. The company, which competes with Adani Electricity Mumbai and claims to have a 70 per cent share in the transmission [...]
Honeywell Building Technologies will complete the Rs 600 crore Bangalore Safe City project by September, which will equip the local police with 7,500 surveillance cameras, control and command centre for swift action against crime, a senior company official said. Honeywell India and Honeywell Building Technologies Asia President Ashish Modi said that phase 1 of the [...]
Biscuit maker Saj Food Products, which is expecting to touch a revenue of Rs 2,500 crore in the 2023-24 fiscal, is eyeing at Rs 5,000 crore turnover in five years, a company official said on Tuesday. The Kolkata-headquartered company, which owns ‘Bisk Farm’ brand, is likely to close the current financial year with a revenue [...]
Axis Securities has appointed Pranav Haridasan as its new managing director & chief executive for a three-year tenure, following the incumbent B Gopkumar moving to head Axis AMC. Haridasan is currently managing director and co-head of equities at Axis Capital and has over 20 years of experience in financial markets across different asset classes. Before [...]
Vedanta Ltd on Tuesday said its board has approved an interim dividend of Rs 7,621 crore for the current financial year. The company has fixed April 7 as record date for the purpose of dividend payment. "The Board of Directors at a meeting held on Tuesday, March 28, 2023 approved the fifth interim dividend of [...]
