Page 1234 - Company News

Fairfax sells 5.9% stake in IIFL Securities for Rs 118 cr via open market

Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax Financial Holdings, offloaded shares of IIFL Securities in two transactions on NSE and BSE

Hyundai signs deal to acquire General Motors' Talegaon manufacturing plant

Facility in Maharashtra has annual production capacity of 130,000 units

Aptech CEO Dr Anil Pant passes away after battling health conditions

On July 18, Aptech's Board of Directors had considered and approved the appointment of Anuj Kacker as interim CEO. Pant pursued for an indefinite leave on June 19th "on account of sudden deterioration

DynamoFL raises $15.1 mn to scale privacy-focused AI for enterprise

The release said that DynamoFL has closed a $15.1 million 'series A' funding round to meet demand for its privacy- and compliance-focused generative AI solutions

Alibaba's Antfin transfers 10.3% stake to Paytm chief Vijay Shekhar Sharma

The deal turns One97 Communications, which operates under Paytm brand name, into a majorly Indian-owned company from being majorly owned by Chinese entities

Burger King stops using tomato in food preparations amid soaring prices

Some Burger King India outlets have reportedly placed a notice with some humour, saying, "Even tomatoes need a vacation... we are unable to add tomatoes to our food"

Over 750 eminent citizens come out in support of NewsClick amid allegations

"It is an attack on the conscientious role of independent journalism in a democracy to inform its readers about the government's failings and to hold the government accountable," said the statement

IndiGo to start flights from Delhi to Uzbekistan, Kazakhstan next month

With the launch of flight services to these two new cities, IndiGo will be operating to a total of 111 destinations, including 32 in the international markets, the airline said

Repco Home Finance expects around Rs 14,000 cr AUM this FY: MD & CEO

The Tamil Nadu-based company was managing AUM of around Rs 12,400 crore at the beginning of the year, Managing Director and CEO K Swaminathan said

Apple's supplier Foxconn begins iPhone 15 production in Tamil Nadu

A Foxconn Technology Group plant in Sriperumbudur is preparing to deliver the newest devices only weeks after they start shipping from factories in China

Burman Family buys 7.5% stake in Religare Enterprises for Rs 534 cr

The shares were bought at an average price of Rs 217.95 apiece, taking the combined transaction value to Rs 533.97 crore

CCI allows Apax Partners to acquire 30% stake in IBS Software Pte

IBS Software Pte is the parent company of the IBS group of companies, which is mainly active as a software vendor and predominantly for the aviation and travel industry

Parminder Chopra takes over as first full-time women PFC Chairman, MD

Chopra becomes the first woman to lead India's largest non-banking finance company PFC, the company said

Wockhardt shareholders reject resolution on related party transaction

In a regulatory filing, Wockhardt said out of the total valid votes cast, 50.13% was against the ordinary resolution for approving the material-related party transaction, while 49.87% was in favour

Wipro launches GenAI centre of excellence in collaboration with IIT Delhi

Serving as a hub for research and development, the CoE will unite Wipro researchers with IIT Delhi's faculty members and graduate students, focusing on real-world problems on a large scale

DynamoFL raises $15.1 mn to scale compliance-focused GenAI solutions

DynamoFL's flagship technology enables customers to train Large Language Models (LLMs) securely on sensitive internal data

Vodafone Idea expects payment liabilities to ease from Q3, says CEO Moondra

He reassured that Vodafone Idea will launch 5G services once the funding issue has been resolved

Voda Idea to pay Rs 1,680 cr auction instalment with delay of 30 days

The company has also acquired a 5G spectrum in mid-band (3300 megahertz) and millimetre wave in the 26 GHz band in July 2022 spectrum auction

JSW Investments divests 1.27% in JSW Energy for Rs 717 cr via open market

According to the block deal data available with BSE, JSW Investments offloaded 2.10 crore shares, amounting to a 1.27 per cent stake in JSW Energy

Several Dunzo dark stores go offline in Bengaluru amid worker salary delays

Dunzo's salary deferrals come even as the firm raised $75 million in funding through convertible notes in April this year, indicating its high cash burn rate