Page 1275 - Company News

Microsoft to charge more for AI in office, secure Bing from leaks

The company also said it would make a more secure version of its Bing search engine available immediately to businesses, aiming to address their data-protection concerns, grow their interest in AI

SBI to set up trustee company to manage corporate debt market dev fund

The setting up of the CDMDF was announced by markets regulator Sebi earlier this year

Ore price fixed at Rs 4,950 per tonne, cess to be levied additionally: NMDC

Iron ore is one of the key raw materials used in manufacturing steel, and any movement in its prices has a direct impact on steel rates

Online content creators and directors flag issues hurting business

Experts say blocking orders of MIB lack appropriate reasoning

Google cannot remove Disney app in tussle over in-app charges: Court

The court in a Tuesday hearing said Disney should now pay a 4% service fee to Google, and said the streaming app should not be removed from Google's app store

Intelligence just got real: IT companies hard-pivot to Generative AI

The company, which will announce its results on July 20, clarified that it was a closure of an old deal. It, however, refrained from disclosing the name of the client

NCLAT stays insolvency proceedings against Container Corporation of India

The order was challenged by the Container Corporation of India Ltd (CONCOR) before the appellate tribunal, which passed an order on July 14 to stay the NCLT's decision

Lockheed Martin raises full-year forecast on strong weapons demand

The advanced jet is Lockheed's largest program, after having generated 27% of total consolidated net sales and 66% of aeronautics' net sales in 2022

ICICI Lombard posts 12% rise in Q1 profit on higher investment income

Income from investments jumped nearly 27% to 6.22 billion rupees, helped by an increase in the market value of securities and higher profits on the sale of investments

L&T CFO, CEO took double-digit remuneration cuts in FY23: Annual report

In comparison, the median remuneration for all employees rose by 3.06%; average increase in pay for non-managerial employees was 7.72%

Netweb Technologies IPO subscribed 9.14 times on second day: NSE data

The IPO was subscribed 2.33 times on the first day on Monday. The three-day IPO has a fresh issue of up to Rs 206 crore and an offer for sale of up to 85 lakh equity shares

Vedanta says it's awaiting govt nod for semiconductor plant in Gujarat

The group already has a partnership with Taiwan's Innolux for display fab manufacturing, he added

Unsecured lenders' dues to be prioritised over govt's: Supreme Court

IBC will override the provisions of the Electricity Act, 2003, says bench

DLF awards Rs 369 cr contract to B L Kashyap in Gurugram housing project

B L Kashyap said its total order book as on date stands at Rs 3,086 crore (excluding GST till date)

Centre starts process to refund Rs 5,000 cr to investors of 4 Sahara Group

"The portal will initially benefit about one crore depositors," Shah said

Go First loan won't cause losses, hopeful about airline: Central Bank execs

State-owned lender maintains close to 60% provision against loans to no-frills airline

Aditya Birla ARC leads race to buy Anil Ambani firm Vidarbha's debt

Firm is a Reliance Power subsidiary that owes Rs 2,569 cr as principal amount to banks

Vistara prepares to merge staff into Air India as two carriers merge

Vistara, now co-owned by Tata Group and Singapore Airlines Ltd., will be folded into Air India under a deal announced in November, giving the Tatas more heft to go up against dominant IndiGo

SoftBank sells another 2% stake in Paytm; holding slips below 10%

Japanese investor has monetised $900 million to $1 billion on a total investment of $1.6 billion: Sources

Morgan Stanley profit drops 18% in second quarter as deal doldrums persist

Global M&A activity fell 36% in the second quarter versus a year earlier, according to Dealogic. Still, its climb from the first quarter has sparked hopes of a nascent recovery