Page 124 - Company News

JSW Steel laying groundwork for CBAM regime, says CEO Jayant Acharya

'The company was waiting for more clarity on the CBAM framework and tariff structures before finalising its capacity expansion plans and its timing'

Mercedes tops auto-margin forecasts as premium model sales offset costs

Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chinese premium and luxury market, where a price war driven by local carmakers is hitting demand

Altman unveils trillion-dollar AI vision as OpenAI eyes massive expansion

After reaching a deal with Microsoft on Tuesday that removes limits on how OpenAI raises money, Altman laid out even more ambitious plans to build AI infrastructure to meet growing demand

L&T appoints former G20 Sherpa Amitabh Kant as independent director

Last month, IT services company HCL Technologies had announced the appointment Kant as an independent director

Boeing delays 777x jet to 2027, takes $5 billion charge amid setbacks

Last month, CEO Kelly Ortberg said the company was behind schedule in certifying the jet, saying a 'mountain of work' needed to be done

White spirits lead Radico's growth story; Q2 net profit rises 73%

Radico Khaitan's net profit jumps 73% to Rs 139.5 crore in Q3FY26 as white spirits like vodka and gin outpace brown spirits in driving premiumisation

Varun Beverages forays into alco-bev sector with Carlsberg tie-up in Africa

PepsiCo bottler Varun Beverages enters the alcoholic drinks space via a Carlsberg partnership in Africa, even as extended monsoons keep India volumes flat in Q3CY25

Nasdaq-listed Cognizant lifts revenue guidance on strong client spending

Strong Q3 revenue growth and client investments in digital modernisation drive optimism

SBI's alternative investment funds invest ₹100 cr in Lenskart ahead of IPO

SBI Optimal Equity and Emergent AIFs buy shares from promoter Neha Bansal at ₹402 apiece, joining Radhakishan Damani among investors betting on eyewear retailer's upcoming listing

India's HPCL-Mittal Energy stops buying Russian crude oil amid sanctions

Last week, the US and Europe imposed a raft of fresh sanctions on Russian oil, with Washington targetting the country's top oil producers Lukoil and Rosneft

GMB, APM Terminals Pipavav ink ₹17,000 crore MoU to boost Gujarat ports

Chief Minister Bhupendra Patel and A P Moller-Maersk Board Chairman Robert Maersk Uggla were present on the occasion

McDonald's Corporation opens largest office outside US in Hyderabad

This makes it the fast-food chain's largest office outside the US

Yes Bank lost over ₹2,700 crore in deals with Anil Ambani firms: CBI

The Federal probe agency's document said that further investigation was on regarding the role of Anil Ambani's son Anmol Ambani, the then executive director of Reliance Capital, in the case

Too much liberalisation of flying rights may hurt Indian airlines: A-I CEO

The Tata Group-owned Air India is working on revamping and expanding its fleet to offer more services amid rising air traffic demand

Nvidia storms past $5 trillion valuation as AI boom powers meteoric rise

Since the launch of ChatGPT in 2022, Nvidia's shares have climbed 12-fold as the AI frenzy propelled the S&P 500 to record highs

Cognizant Q3 profit up 7.3% to $5.4 billion, raises full-year outlook

Cognizant's third-quarter bookings included six deals of TCV $100 million or higher

Microsoft CEO Satya Nadella to visit India in Dec for AI conference: Report

Nadella will also likely meet key customers and India employees during his visit, the second source said. Microsoft has more than 20,000 employees across 10 Indian cities

Etsy names insider Kruti Goyal as new CEO, forecasts weak core sales

For the third quarter, Etsy posted GMS of $2.72 billion, down from last year's $2.92 billion and market estimate of $2.76 billion, per three analysts on LSEG

Akasa Air plans IPO within 2-5 years, to restart pilot hiring next year

Loss-making Akasa, India's third largest airline, has not had enough work for pilots due to delayed deliveries from Boeing

Goldi Solar raises ₹1,422 crore from investors to boost capacity expansion

The company has raised a total of ₹1,422 crore from multiple investors, which includes consumer electrical goods maker Havells India and Kamath, who is the co-founder of the brokerage Zerodha