Page 1070 - Company News

McDonald's to acquire investment firm Carlyle's 28% stake in China unit

The deal will help McDonald's raise its holdings to 48%, while a consortium led by state-backed conglomerate CITIC Ltd will maintain its controlling ownership with a 52% stake in the business

Toyota fined $60 m for lending abuses, soiling credit reports: US regulator

Toyota Motor Credit, the automaker's U.S.-based lending arm, will pay a $12 million civil fine and $48 million to car buyers harmed since 2016

'We are struggling to stay afloat', SpiceJet tells Delhi High Court

Singh had sought to set aside a portion of the award, which directed the airline to refund Rs 270 crore to Kal Airways and Maran

Amway generated proceeds of crime of over Rs 4k cr via MLM scheme: ED

The federal agency said this after filing a charge-sheet against Amway India Enterprise Pvt Ltd before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad

LTTS partners with NVIDIA to enhance medical imaging software using GenAI

The partnership aims to develop software-defined architectures for medical devices looking at enhancing the quality of medical images, the company said on Monday

Cipla's Pithampur unit gets USFDA warning; analysts remain bullish

The letter, dated November 17, 2023, highlights contraventions regarding methods or controls at the facility that do not conform to prescribed GMP regulations

Byju's ex-employees charge it of missing full and final settlement deadline

Byju's workforce has come down to 31,000-33,000 at group level from 50,000 in October 2022

Life with Pai: What does Ranjan Pai's re-entry mean for Byju's and Aakash?

Given the past and the present, it was not a surprise that early this year Raveendran reached out to Pai and the outcome has been prompt

CONCOR ties up Indraprastha Gas to explore possibility of LNG infra

CONCOR and IGL also agree to explore the possibility of transportation of LNG in future through railway rakes from LNG terminals near sea ports like Dahej in Gujarat to desired locations within India

Tata Power Renewable Energy adds 1.4 GW in group captive projects

With the addition of these group captive projects, TPREL said its overall renewables capacity reached 7,961 MW as of October 2023, a company statement said

Vedanta group firm Hindustan Zinc partners with Inland EV Green Services

The move aims at reducing carbon emissions and promote cleaner modes of transportation

Upcoming Mahindra XUV.e8 leaked ahead of official launch; details inside

The e-SUV is probably going to stir things up around town at the starting cost of Rs 35 lakh (ex-showroom). In any case, the carmaker is yet to confirm the details concerning about the same

Religare board rallies behind chairperson Saluja, defends her share sale

Financial services company rejects Ingovern's allegation of excessive remuneration

SAIL-Bhilai chugs first rake of 260-metre-long rail panels in Chhattisgarh

The Sabarmati facility is expected to produce 100,000 tonnes of 260-meter welded panels annually

ABB forms strategic partnership with Titagarh for metro projects in India

The partnership covers an agreement for Titagarh to purchase ABB propulsion systems, including traction converters, auxiliary converters, traction motors and TCMS software

Dunzo moves to Zoho workspace from Google suite to cut costs by one third

Google workspace is priced at about Rs 1,600 per user each month under the enterprise plan, while Zoho charges a portion of that at Rs 489 for similar offerings.

L&T Tech, NVIDIA to unveil Gen AI & advanced software for medical devices

This collaboration provides a complete solution for customers looking to transition to a software-defined business model via real-time AI applications

Annapurna Swadisht gears up for 50% CAGR over next 4-5 years to Rs 1,000 cr

Annapurna's managing director, Shreeram Bagla, infused fresh talent into the company with the goal of reaching a topline of Rs 1,000 crore within 3-4 years from Rs 160 crore in FY'23

Jio Financial Services in talks with merchant bankers for maiden bond issue

The company may look to raise Rs 5,000 crore ($600.6 million) to Rs 10,000 crore through the issue and may tap the market in the last quarter of this financial year, the bankers added.

Sahara-Sebi refund account may be transferred to govt, says report

The funds are expected to be used for pro-poor programmes or public welfare, the report stated