Page 1029 - Company News

TVS Motor donates Rs 3 crore for cyclone relief work in Tamil Nadu

The money will be used to provide necessary flood relief and support for the communities that have been badly affected by the cyclone, the company said in a statement

Alipay Singapore Holding to sell 3.44% stake in Zomato on Wednesday

Alipay's sister concern Antfin Singapore Holding held another 6.39 per cent stake in Zomato at the end of the September 2023 quarter

India needs to increase R&D spending to 3% of GDP: Kris Gopalakrishnan

Private sector must contribute 1.5% to such spending, he says in speech urging educational institutions to teach new technologies

Max Healthcare Institute acquires Starlit Medical Centre for Rs 940 crore

Within its current network, it has 3,533 beds, and following this acquisition, the total bed count would approximately touch around 4,083 beds

Tata Group plans new iPhone factory to hasten Apple's India expansion

Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter.

Apple likely to corner 39% share of Rs 1 lakh-plus smartphone segment

Apple has been able to grab a larger share of Indian premium smartphone market segment, while rival Samsung has seen a relative fall in its share in the same segment

Tata Group planning Rs 40,000 crore semiconductor unit in Assam: CM

CM Sarma said the Tata Group held initial talks with the state government about the semiconductor assembly and packaging plant, and satisfied with the discussions here, they have approached the Centre

CCI conducting market study on AI to assess competition landscape

"We can differentiate what kind of AI that we would like to support and which one is stifling competition," CCI chief said

Supreme Court dismisses Chanda Kochhar's plea for retirement benefits

The bench, however, said 'no interference' is required and dismissed the appeal

ED allegations false: Jet Airways founder seeks bail in bank fraud case

"The entire investigation has been carried out only with the intention to allege and project siphoning (of funds) by the applicant for his personal benefits"

Four entities sold GMR Airports Infra shares worth Rs 4,136 crore

The shares were sold in the price range of Rs 58.20-58.47 apiece, taking the combined transaction value to Rs 4,135.84 crore

NARCL acquires two SREI companies under the insolvency resolution

Paves way for resolution of debt worth Rs 32,700 cr

IBA signs MoU with unions on pay revision; okays 17% hike for 5 years

The parties will endeavour to finalise the bipartite settlement within 180 days from the date of this minutes

IREDA floats retail division for business to customers loans at COP28 event

IREDA Chairman & Managing Director Pradip Kumar Das announced the launch of the retail division while he was speaking during a COP event in Dubai

Adani Group to invest Rs 1,700 crore in cement sector in Uttarakhand

Besides, the Adani group will also invest Rs 1,400 crore to set up a new grinding unit in the state with a capacity of four million tonnes

JSW Steel USA Ohio plans to raise long-term funds in United States

JSW Steel USA Ohio is considering a proposal for raising long-term funds of around 30 year's tenor in the municipal bond markets in the USA, JSW Steel said

AI startups that help fight cancer, fraud picked for Google accelerator

20 companies will be mentored for solutions that 'positively impact various industries and transform lives', says tech giant

Wipro chief growth officer Stephanie Trautman steps down amid restructuring

IT services company has given a muted sequential revenue growth guidance for the third quarter

Japan's Softbank pares 1.1% stake in Zomato worth Rs 1,128 crore

The shares were sold at an average price of Rs 120.50 apiece, taking the combined deal size to Rs 1,127.51 crore

Tata Motors subsidiary, Bharat Petroleum tie up for 7k charging stations

The two companies have signed a memorandum of understanding to collaborate in establishing public charging stations across India, Tata Passenger Electric Mobility (TPEM) said