Page 1228 - Company News

India Post Payments Bank plans to double income in FY24: MD Venkatramu

India Post Payments Bank (IPPB) reported a net profit of 200 million rupees in 2022/23, Venkatramu said, as compared with a loss of 1.6 billion rupees in the previous year

CCI clears Tata Motors off charges of anti-competitive practices in 2 cases

In the 2020 case, TML dealer Kanchan Motors of Nashik made similar allegations that TML coerced dealers in various ways

HCLTech partners with Amazon Web Services to drive GenAI's global adoption

The collaboration aims to empower enterprises to leverage the power of AWS' advanced GenAI portfolio which includes Amazon CodeWhisperer, Amazon Bedrock, Amazon Titan and AWS Trainium

Protean, Google Cloud collaborate to drive digital public infrastructure

The partnership aims to accelerate ONDC and identity & data services through a centre of excellence

TATA AutoComp signs pact with Skoda group to make transportation components

Tata AutoComp is into manufacturing of multiple components, systems and aggregates for passenger and commercial vehicles, two and three-wheelers

Adani group Ebitda grows 42% in first quarter, reaches Rs 23,532 crore

All-time high EBITDA of Rs 23,532 crore in April-June was almost equal to the full-year FY19 (April 2018 to March 2019 fiscal year) EBITDA of Rs 24,780 crore

Enough stock available to meet any sudden increase in demand: Coal India

CIL is committed to meeting the country's growing demand for coal and is ready to address any sudden surge in demand, he said

Spicejet moves Delhi HC challenging order in favour of Kalanithi Maran

The appeals came up before a division bench of Justices Yashwant Varma and Dharmesh Sharma which initially listed it for hearing on September 15 as the counsel for Spicejet and Singh were not present

Shriram Properties, ASK Property Fund invest Rs 206 cr in a Chennai project

The project, Shriram 122 West is the second joint investment by the co-investment platform set up by ASK & Shriram in November 2022

L&T Construction wins orders for power transmission & distribution business

Orders to establish two new 132kV substations have been received from a public services infrastructure company in Dubai

Singapore's BOC signs financing pact for 10 Airbus aircraft with IndiGo

All 10 aircraft powered by CFM LEAP-1A engines are scheduled for delivery in 2023, said BOC Aviation

Honeywell launches new AGL manufacturing facility in India's Gurugram

AGL, a product engineered and manufactured completely in India, plays a crucial role in airport operations

SoftBank-owned Arm files for IPO in US, could be biggest in nearly 2 years

At $10 billion, the listing could be the largest in the US since electric-vehicle maker Rivian Automotive Inc's $13.7 billion offering in October 2021

Maruti Suzuki India to double car dispatch through rail in three years

In the last eight years, MSIL increased its car dispatches by five times. In FY15, the company had transported just 65,700 units by rail

Forging hope amidst closure: New beginnings for GM's Talegaon Plant?

The workforce at the facility holds onto aspirations of resurgence, hopeful for opportunities with Hyundai's asset transfer deal

SBI Mutual Fund completes Franklin Templeton's debt fund asset sale

Investors in the six shuttered schemes get Rs 27,508 crore, 9% higher than what funds owed in 2020

Govt tells Ola, Hero Moto, TVS, Ather to pay customers Rs 278 cr by Nov

Move underscores Centre's resolve to ensure compliance with subsidy norms and protect interests of consumers

Vodafone Idea plans to clear about Rs 2,400 crore dues by September

Vodafone Idea had to pay a licence fee of around Rs 770 crore by July and Rs 1,680 crore as the first instalment for the spectrum it purchased in auctions that were held last year

Jio Financial Services reels under selling pressure, loses 5% again

Stock sheds Rs 16,000 cr in market value in two days

Infosys Foundation US to provide Rs 1.6 cr to boost tech careers in Indiana

The funding is expected to help 5,000 residents of Indiana, commonly referred to as Hoosiers