Page 130 - Company News

Deepinder Goyal backs Continue Research with $25 mn to study human ageing

'Continue Research' is a global initiative supporting studies on human ageing, biology and long-term health to explore the next phase of human development

Aditya Birla Sun Life AMC Q2 profit steady at ₹241 cr as revenue rises 9%

The asset management firm had posted a profit after tax of ₹242.4 crore in the same quarter of the preceding fiscal, Aditya Birla Sun Life AMC (ABSL AMC) said in a stock exchange filing

IHCL invests ₹220 crore in Netherlands subsidiary IHOCO BV for expansion

IHOCO BV, a wholly owned subsidiary of IHCL, is its apex holding company for overseas hospitality investments. It was incorporated on June 29, 1984

GX Group to invest ₹500 cr in local photonics manufacturing venture

The firm has set up a new entity, GX Quantum Photonics Pvt. Ltd, which will mark its entry into the segment and lead local manufacturing in partnership with SMART Photonics BV

BEML, Italy's Tesmec ink pact to introduce surface miner equipment in India

Surface miner equipment is heavy machinery used in open-cast mining that cuts and crushes rock and soil without drilling or blasting

GX Group to invest ₹500 crore in India for photonic module and chip unit

The Phase 1 investment of ₹500 crore will be deployed towards establishing a manufacturing facility in Bhiwadi, Rajasthan, and expansion of its existing R&D centre in Chennai, CEO Prajapati said

L&T bags Hindalco aluminium smelter and Tata Steel coke oven orders

Both orders have been bagged by the minerals and metals business vertical of Larsen & Toubro

Starlink plans 9 earth stations across India ahead of satcom launch

The Elon Musk-owned company has been given temporary permission to use some radio spectrum to test its systems and meet security requirements

Jio Financial's AI-generated festive film celebrates the spirit of Diwali

The AI-crafted film by Jio Financial connects the spirit of Diwali with technology-driven financial empowerment, using the Diya as a symbol of warmth and new beginnings

TVS unveils Norton superbike sketch; JLR's McGovern joins design team

TVS-owned Norton Motorcycles unveils its first official superbike design sketch, created under the guidance of JLR's Gerry McGovern and Norton's Simon Skinner, ahead of its EICMA 2025 debut

Bhilai Steel Plant in Chhattisgarh conducts captive 5G network trial

This marks a significant step towards next-generation industrial connectivity and automation

Microsoft Copilot gets collaboration, Google integration, long-term memory

Anthropic and OpenAI, among other artificial intelligence service providers, are upgrading their models and launching products aimed at capturing a wider share of the booming AI market

Kedaara Capital, General Atlantic eye 6-7% slice of Balaji Wafers

The Virani brothers - Chandubhai, Bhikhubhai, and Kanubhai - who founded and control the company, are considering a partial stake sale to fund expansion across India

FSIB invites application for Canara MD & CEO a week after notification

FSIB reopens applications for Canara Bank's top post a week after the Centre allowed private sector professionals to compete for PSU bank MD & CEO positions

Vedanta to invest ₹1 trn more in Odisha, add 100K jobs across three plants

Vedanta Group to build three new plants - one for ferro-alloys and two for aluminium - taking its total investment in Odisha to ₹2 trillion and creating over 100,000 jobs

NCLAT asks IIHL to provide timeline to stop using Reliance trademark

In April 2023, IIHL emerged as the successful resolution applicant by winning the bid for Reliance Capital under the Corporate Insolvency Resolution Process (CIRP) with an offer of ₹9,650 crore

BharatPe appoints ex-Paytm exec Ajit Kumar as new Chief Technology Officer

Kumar brings in over 19 years of experience, most recently having served as Senior Vice President of Engineering at Paytm

Biocon Biologics gets Health Canada approval for Yesintek, Yesintek I.V.

The approval of Yesintek and Yesintek I.V., biosimilars to Stelara, strengthens Biocon Biologics' presence in North America and expands its immunology portfolio

BigBasket logs strong festive sales as electronics category surges 500%

Along with BigBasket, other q-com platforms such as Instamart, Zepto, and Flipkart Minutes also registered a significant increase in sales compared to last year

Tata Trusts moves proposal to reappoint Mehli Mistry as lifetime trustee

The reappointment bid comes amid reports of a rift among the trustees over their tenures, with one faction aligning with Noel Tata, who became chairman after Ratan Tata's death, and others with Mistry