Page 1292 - Company News

Foxconn, Vedanta committed to semiconductor mission, says Vaishnaw

Foxconn and mining behemoth Vedanta are committed to the semiconductor mission and the Make-in-India programme of the country, Union Minister of Electronics and IT Ashwini Vaishnaw said

Abhijit Chakravorty to be new MD & CEO of SBI Cards and Payment Services

Chakravorty, a post graduate in Applied Chemistry, started his banking career as a Probationary Officer with SBI in 1988

Pakka setting up $250 mn bagasse-based packaging paper plant in Guatemala

Regenerative packaging solutions firm Pakka is setting up a 400 tonne per day bagasse-based packaging paper plant at an investment of around Rs 2,065 crore in sugarcane-rich Guatemala, South America

ESAF Small Finance Bank reduces the size of its IPO to Rs 629 crore

The IPO now includes an issue of fresh equity shares amounting to Rs. 486.74 crore and an offer for sale (OFS) of Rs. 142.3 crore

SBI to sell 2% equity stake in IPO-bound NSDL through offer for sale

State Bank of India (SBI) on Monday said it proposes to sell 2 per cent stake by offloading 40 lakh shares in depository organisation NSDL

Utkarsh SFB sets price band of Rs 23-25 per share for its July 12 IPO

The offering includes a provision to reserve 1% of the total issue size for its employees, equating to Rs. 5 crore shares

British police assess info from BBC over presenter paying teen for photos

British detectives met representatives of the BBC on Monday over allegations that a leading presenter paid a teenager for sexually explicit photos

Tata Comm to acquire remaining 41.9% stake in OSSE France for Rs 99.3 cr

Tata Communications will acquire the remaining 41.9 per cent stake in eSIM company OSSE France for Rs 99.3 crore, the company said on Monday

Essar Oil UK to expand fuel distribution into London, South East of England

Essar Oil (UK) Ltd, the leading integrated downstream energy company, on Monday said it has signed an agreement with Essex-based storer of refining petroleum products

Quick commerce firm Dunzo defers salaries of 50% workforce for June

Sources say this may trigger a fresh round of job cuts

NCLT reserves order in Zee Entertainment, Sony India merger case

The NCLT approval is an important legal milestone for the merger scheme to come into effect

Power Finance Corp raises up to Rs 6,100 cr via 20-month, 10-year bonds

Pricing at higher-yield level due to hardening of G-secs

Revenue growth for FMCG companies to tamp down in April-June quarter

Some companies are yet to see pick-up in rural demand

Godrej Aerospace eyes share of GE 414 engine manufacturing, supply chain

Indian airlines such as Indigo and Air India have recently placed orders for 500 and 470 aircraft, respectively

Life Insurance Corporation's new business premium grows 21% in June

For the 26 private life insurers, the group yearly renewable premium for June grew by 47 per cent to Rs 933.30 crore

Start winding-up process for Jet Airways: Lenders tell Supreme Court

The court has scheduled the next hearing in two weeks and has called for a response from the consortium

Results preview: Poor O2C showing may pull down RIL's revenue, profit

In Q1FY24, it may witness the first YoY net sales decline since Q3FY21 and the sharpest net profit fall since Q2FY21

L&T, Navantia sign teaming deal for Project 75(I) submarines at Rs 43K cr

AIP-driven submarines can remain underwater for up to two weeks before surfacing for battery charging

Europe's Airbus opens new assembly line for small jets in A380's shadow

The A321neo is the largest version of the A320 series of jets, which was relaunched with new engines in 2010 just in time for a boom in demand stoked partly by low interest rates

Nazara Technologies to raise upto Rs 750 cr through equity shares

Online sports platform Nazara Technologies on Monday said its board has approved raising of up to Rs 750 crore through equity shares