Page 122 - Company News

Apple joins elite $4-trillion market-cap club, third firm in history

Apple hits $4 trillion in market value, becoming the third company ever to do so, as strong iPhone 17 sales and easing trade pressures power a stunning 56% rally since April

Amazon to cut 14,000 corporate jobs as spending on AI accelerates

Included in the letter was a memo to Amazon staff last year from CEO Andy Jassy

Beauty parade in full swing as Reliance shortlists bankers for Jio IPO

RIL to finalise bankers for Jio Platforms' IPO by year-end; listing expected in first half of 2026, likely to be India's biggest at around $6 billion; recalibrates Russian oil imports amid US sanction

Warner Bros. Discovery sale unlikely to impact Indian market majorly

Experts say Warner Bros Discovery's potential sale or restructuring will not have a major effect on India, where its presence remains relatively small and partnership-driven

Noel and two other trustees vote out Mehli Mistry from Tata Trusts

Three of six Tata trustees, including Noel Tata, Venu Srinivasan and Vijay Singh, have opposed Mehli Mistry's reappointment, ending his tenure on the boards of the Dorabji and Ratan Tata Trusts

Lenskart CEO Peyush Bansal bets on AI, eyes up to $8 billion IPO valuation

Lenskart CEO says AI-powered eye testing and tech-led innovation will fuel global expansion as India's largest eyewear firm preps for IPO

Microsoft to retain 27% stake in OpenAI worth $135 bn after restructuring

Microsoft's new agreement with OpenAI follows its shift to a for-profit model under OpenAI Group PBC, redefining IP rights, AGI clauses and Azure service commitments

Big Blue: India at the heart of IBM's global playbook on AI, Cloud, quantum

IBM is reinventing itself around a trinity of AI, hybrid cloud, and quantum computing - with India at the heart of its global innovation and growth strategy

NCLAT rejects plea to stop Aakash EGM amid Byju's insolvency case

Tribunal says insolvency of Byju's cannot be used to restrict a solvent subsidiary's commercial independence as Aakash prepares for key rights issue

Signature Global raises ₹875 cr via IFC NCDs to fund housing, repay debt

The Delhi NCR-based developer will use the funds to develop mid-income and ESG-aligned housing projects, repay Rs 470 crore of debt, and strengthen its balance sheet

Sattva, Innovalus launch GCCBase to power India's next wave of GCC growth

Bengaluru-based Sattva Group and Innovalus unveil GCCBase, a unified platform to simplify and accelerate the setup and scaling of Global Capability Centres across India

Infibeam Avenues gets IFSCA's in-principle nod for payment services at GIFT

The approval enables IA Fintech, a subsidiary of IAL, to provide a wide range of digital payment and cross-border financial services for enterprises within GIFT-IFSC and international markets

$300 mn dividend from Russian assets stuck in banks: Oil India chairman

The Indian state-run explorer, along with Indian Oil Corp and Bharat PetroResources, holds a 23.9% participating interest in JSC Vankorneft and a 29.9% stake in Tass Yuryakh Neftegazodobycha

Mercedes-Benz India, Zoho tie up for decentralised dealer management system

The Dealer Management System (DMS) -- SKYLine', will digitise the complete service lifecycle -- from booking and digital check-in to skill-based technician assignment and final delivery

HPCL issues rare fuel import tenders after refinery disruption in Mumbai

Chairman Vikas Kaushal said on Tuesday HPCL had closed its gasoline-producing continuous catalytic reformer during the processing of contaminated oil that it had sourced from Hindustan Oil Exploration

Signature Global raises ₹875 cr from IFC to fund new housing projects

Gurugram-based Signature Global, one of the leading real estate developers in the country, also exuded confidence of achieving the sales bookings target of Rs 12,500 crore for this fiscal

PNB Housing Finance to announce new MD & CEO soon, growth stays steady

Even as PNB Housing Finance readies to appoint a new MD & CEO, the lender reports steady growth in Q2 FY26 with improving asset quality and rising disbursements

CIL intensifies critical mineral push with fresh bids, global focus

Coal India Ltd is accelerating its diversification strategy by bidding for domestic critical mineral blocks and scouting global lithium, graphite, and rare earth assets

L&T's heavy engineering arm bags orders worth ₹1,000-₹2,500 crore

Larsen & Toubro's heavy engineering division has secured multiple significant orders from India and abroad, including contracts in the US, Mexico, Brazil, Saudi Arabia

India's clean energy push may speed up coal plant shutdowns by 2030

Coal still meets about two-thirds of India's electricity demand, and the government has announced plans to add nearly 90 gigawatts of additional capacity through 2032