The Delhi high court directed cash-strapped airline SpiceJet to file an affidavit disclosing its assets within two weeks in a dispute with engine lessor Sunbird France 02 SAS, which seeks…
Category: Companies
Man Industries Q4 net profit dips 25% to ₹51 cr
Man Industries (India) has posted over 25 per cent dip in consolidated net profit to ₹50.85 crore during the March quarter, impacted by decreased revenues. It had reported a net…
L&T wins orders from JSW Utkal Steel, IWAI, others
Larsen & Toubro (L&T) on Tuesday said it has secured multiple orders in India, including a contract from JSW Utkal Steel Ltd and two projects from Inland Waterways Authority of…
There is 168 MT coal buffer to meet summer demand, says Coal India
Allaying the coal shortage apprehensions even as daily coal consumption by the country’s thermal power plants has increased sharply, state-run Coal India on Tuesday said there is a 168 million…
KVIC to soon launch revamped e-commerce portal for ‘Khadi India’ products: Chairman
The Khadi and Village Industries Commission (KVIC) will soon launch a revamped version of its e-commerce portal for ‘Khadi India’ products, Chairman Manoj Kumar said on Tuesday. According to officials,…
Solar energy companies tap Battery Energy Storage Systems
As the need for reliable storage for India’s record renewable capacity addition grows, more solar energy players are now building manufacturing capabilities. For instance , the largest solar module maker,…
OpenAI’s Sam Altman says artificial intelligence unlikely to lead to ‘jobs apocalypse’
Amid layoffs at some of the world’s biggest companies and growing fears of further job losses due to the adoption of artificial intelligence, OpenAI CEO Sam Altman has said that…
WestBridge, Creaegis to double down onThird Wave Coffee in $80-100 million round
MUMBAI: Third Wave Coffee, a Bengaluru-based café chain, is close to raising $80-100 million in a funding round led by existing backers WestBridge Capital and Creaegis, three people familiar with…
Fundamentum Partnership launches tech-focused investment platform with ₹2,000 crore corpus
Nandan Nilekani-backed Fundamentum Partnership has launched a tech-focused investment platform – Fundamentum Frontier Advisors (F2A) – with a target corpus of ₹2,000 crore. F2A will manage Fundamentum’s Fund III, which…
Steel Exchange India net doubles in Q4 on strong demand
, a leading integrated steel manufacturer, reported that its net profit in the March quarter more than doubled at ₹12 crore against ₹5 crore logged in the same period last…