Page 1060 - Company News

Musashi targets 25% market share in EV transmission components by 2028

This investment will be used to establish new assembly lines for EV transmission components and to upgrade existing facilities

Kedaara Capital backs decision made on ESOPs issued to Religare Chairperson

The clarification comes amid allegations by the Dabur family, which is trying to obtain a controlling stake in Religare Enterprises Ltd (REL), that Saluja allegedly violated IRDAI and Sebi norms

Foxconn's Hon Hai to expand footprint in India with $1.6 bn investment

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Not involved in collapsed Uttarakhand tunnel's construction: Adani Group

The conglomerate marked the allegations, which stated it held shares in a company that constructed the Silkyara-Barkot tunnel, as 'nefarious'

FY24 earnings makeover: IndianOil to MRF, companies rewrite profit playbook

Q2 of 2023-24 saw a profit metamorphosis as standout firms marked the biggest earnings upgrades

Indian GCCs emerge as stepping stone on the route to corner office

The number of MD promotes from India has grown 16.6 per cent despite the global MD promotion class size shrinking by 5.4 per cent as compared to 2021

Bhutani Infra sells all retail units in Noida project in 12 hours of launch

Industry sources said the sale of retail space in phase one of Avenue 133 has fetched over Rs 1,000 crore for the real estate developer, with price ranging from Rs 24,000 sq ft to Rs 40,000 sq ft

Private equity company True North enters the private credit segment

True North's 'Performing Credit Regular Income Fund' bridges the supply-demand gaps with custom solutions for middle-market companies

Tajpur port project: Adani awaits LoA, Bengal seeks clarity on MHA nod

West Bengal Industry Minister, Shashi Panja, said that there was a provisional letter of intent (LoI), which was given to APSEZ (Adani Ports and Special Economic Zone) last year

Dish TV calls EGM to seek shareholders' approval to appoint directors

DTH operator Dish TV on Monday said it has called for an extraordinary general meeting on December 22 to seek shareholders' approval to appoint directors.

HDFC Securities launches mobile trading app HDFC SKY on AWS cloud

With AWS, HDFC Securities is expected to reduce its annual IT infrastructure and management costs by up to 50 per cent as compared to using on-premises infrastructur

TCS ties up with Amazon Web Services to launch generative AI practice

The country's largest IT services exporter TCS on Monday announced its tie-up with Amazon Web Services to launch a dedicated generative artificial intelligence practice.

Electric cycle startup EMotorad raises Rs 164 crore in Series B round

Founded in 2020 by Gangopadhyay, Kunal Gupta, Aditya Oza, and Sumedh Battewar, the company said it has achieved over Rs 300 crore revenue returns in just three years

MapmyIndia board approves Rs 500 cr fundraise plan by way of QIPs

The company's board also approved constitution of a committee for all matters relating to the fundraising through QIP

LIC keen to keep part of its stake in IDBI Bank for bancassurance gains

Along with the government, Life Insurance Corporation (LIC) will also divest its stake in IDBI Bank but may not exit completely, LIC Chairman Siddhartha Mohanty said

Business as usual in Raymond: CMD Gautam Singhania amid family feud

Earlier this month, Singhania said he has separated from his wife Nawaz, in an announcement that came amid speculation over the future of the 32-year relationship

Sembcorp Industries to acquire 428 MW wind assets in India, China

With this acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets, comprising 2.25 GW of wind and 1.45 GW of solar assets

Edtech major Byju's elevates Jiny Thattil to CTO as Anil Goel moves on

This transition is part of the company's ongoing strategic restructuring and reorientation of its leadership team to further enhance operational efficiency

After Air India, IndiGo launches AI-powered chat assistant for customers

While Maharaja is powered by Microsoft's Azure OpenAI service, 6Eskai is powered by Microsoft's GPT-4 technology

Ganga Realty plans over Rs 1,000 cr investment on Gurugram housing project

Real estate developer Ganga Realty will build 302 apartments in this project 'Nandaka 84', which is spread over 8.33 acres. The housing project will be completed by 2028