Go Fashion (India) Ltd, which owns women's wear brand Go Colors, was pushing ahead with its plan to strengthen foot print across geographies by adding about 120-130 stores ever year, a company official said on Thursday.

The company, which owns approximately eight per cent in the branded women's bottom-wear market, declared its financial results with profit after tax for the April-June quarter at Rs 24.4 crore.

The boards of Aditya Birla Capital and Aditya Birla Health Insurance have approved a proposal of capital infusion to the tune of Rs 665 crore in the later from a subsidiary of Abu Dhabi Investment Authority (ADIA), the company said in a late-night statement.

Aditya Birla Health Insurance is a 51:49 joint venture between Aditya Birla Capital Limited and Momentum Metropolitan Strategic Investments, a wholly owned subsidiary of South African based Momentum Metropolitan Holdings Limited (MMH).

The Adani Group is planning to invest Rs 57,575 crore in Odisha with the state government approving its proposal to set up two projects — a 4 million metric tonnes per annum (MMTPA) Integrated alumina refinery and a 30 MMTPA iron ore (value addition) project.

“Odisha is one of our most strategic states where we have continue to invest and are always appreciative of the support we have received from Chief Minister Naveen Patnaik,” said Gautam Adani, Chairman, Adani Group.

Jet Airways on Thursday reported a standalone net loss of Rs 390.1 crore for the three months ended June (Q1FY23) as compared to Rs 129 crore in the year-ago period.

The full service carrier's revenue from operations declined 83% to Rs 12.53 crore for the quarter under review. Jet Airways had posted a revenue of Rs 73.83 crore in the same quarter last year, according to a regulatory filing.

Media giant Walt Disney revised its latest subscriber guidance for its streaming service Disney+ Hotstar after losing the streaming rights of the Indian Premier League (IPL) to Reliance-backed Viacom18.

The firm revised its subscriber count to 80 million by the end of fiscal 2024 from the projected 100 million.

Aamir Khan-starrer Laal Singh Chaddha will release in India on Friday. With the movie, Khan has returned to the big screen after four years. Khan's last movie, Thugs of Hindostan, was released in 2018.

Laal Singh Chaddha is an adaptation of the 1994 Hollywood movie, Forrest Gump. Tom Hanks, who played the lead role in the movie, won the Academy Award for Best Actor for his role as Gump in 1995.

Delhi Chief Minister Arvind Kejriwal on Wednesday hit out at Prime Minister Narendra Modi and said that taxpayers are betrayed when their tax money is used to waive off loans of "rich friends".

Kejriwal's reaction came on PM Modi's statement on freebies. Earlier, Prime Minister Narendra Modi had said, "freebies will restrict India from becoming self-reliant and increase the burden on taxpayers."

Drawing a comparison between Tesla's long-delayed Cybertruck and Ford's plug-in pick up -- F-150 Lightning, Ford CEO Jim Farley took a dig at tech billionaire Elon Musk while announcing a major investment in a solar energy.

According to The Verge, Farley spoke at a Ford plant in Michigan to announce a deal with DTE Energy that both companies billed as the "largest renewable energy purchase from a utility in US history".

Billionaire Anil Agarwal, who is chairman of Vedanta, said on Wednesday that the company was targeting $100 billion in revenue by 2030 as it continued to diversify its operations across the natural resources spectrum.

The company closed 2021-22 (FY22) with a revenue of Rs 1.31 trillion (or nearly $17 billion) — up 51 per cent over the previous year. It has operations across sectors such as oil and gas, zinc, lead, silver, nickel, and copper in India, South Africa, and Namibia.

Srei group firms, which are undergoing bankruptcy proceedings, received three bids on Wednesday — the last date for submission, said sources.

According to sources, Arena Investors LP and VFSI Holdings, an affiliate of Varde Partners, were among those who submitted plans.

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