Page 1088 - Company News

Japan's SoftBank makes another bet on WeWork, hoping landlords will too

WeWork's long-term lease obligations of $13.3 billion accounted for more than 70% of its total debt as of end-June

Sunil Mittal's Airtel Uganda IPO failed to sell as investors prefer bonds

The demand for Ugandan government bonds maturing in 2033 exceeded the amount on sale by eight fold in an auction on Thursday

Air India-Vistara merger remains on course, says Singapore Airlines

In the first half of the 2023-24 fiscal, SIA Group reported a 55.4 per cent jump in net profit to SGD 1,441 million from USD 927 million in the year-ago period

Larsen & Toubro arm secures significant orders in Odisha, Madhya Pradesh

The company did not disclose the order value. However, according to its classification, significant orders value in the range of Rs 1,000 crore to Rs 2,500 crore

Naresh Goyal's plea against 'illegal' arrest not maintainable, says HC

The bench in its order, however, noted that the 74-year-old had not raised these grounds before the special court when he was produced by the Enforcement Directorate

Amazon India sees strong festive sales in 2023, calls it best in 13 yrs

Amazon said it has ramped up its capacity and technology interventions to meet the demand due to the sale

JSW, Vedanta's Rs 10K cr investment in cement plants stuck in red tape

TSPL has plans to set up multiple cement plants adjacent to its existing power plant in the Mansa district of Punjab, and one of these plants will be set up by the JSW Group

TVS ILP announces strategic partnership with Lingotto via stake sale

Lingotto will get a 21 per cent shareholding in logistics giant that is part of TVS Mobility Group

IBM partners with AWS to launch GenAI-focussed innovation lab in India

IBM Consulting plans to train and skill 10,000 consultants on AWS generative AI services by end of 2024

L&T Technology partners with Google Cloud for generative technology

LTTS Developer Experience platform (DevX) is designed for engineering services, offering API-enabled solutions across industries, the company said in a statement

HCLTech, Cisco partner to launch AI powered Meeting Rooms Services

The Meeting-Rooms-as-a-Service (MRaaS) will enable users to join meetings from any meeting solution provider using Cisco's Webex devices

Tata considering sale of Voltas home appliance business, say reports

Considerations are at an early stage and Tata Group may decide to keep the asset for longer, the people said. A representative for Tata Group declined to comment

Razorpay makes Rahul Kothari chief operating officer for India, Malaysia

Fintech company that is backed by global investors is working to expand internationally

Adani Group to begin Dharavi redevelopment with Rs 12,500 cr investment

A special purpose vehicle (SPV), jointly owned by the Adani Group (80%) and the Maharashtra government (20%), has been established for this purpose

HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

Go First lenders to not release more funding to grounded airline: Report

"Now the situation is quite different and the future is bleak," said a banker with a state-run bank that has exposure to Go First

European planemaker Airbus looks to support 50% more jobs by 2025

Airbus procures components and services worth $750 million every year from India

ASK Automotive collects Rs 250 cr from anchor investors ahead of IPO

The IPO is an offer for sale (OFS) of 2,95,71,390 equity shares by promoters -- Kuldip Singh Rathee and Vijay Rathee

IndiGo CEO Pieter Elbers says not happy with number of grounded planes

The company carried 26.3 million passengers in the September quarter, observing a 33.4 per cent year-on-year growth

Adani vs Hindenburg: Supreme Court to consider plea for listing of PILs

The matter was to be listed on August 28, but it has been deferred, deferred, deferred, Bhushan said