Page 1311 - Company News

Carl Zeiss to invest 250 mn euros for its largest 'vision' factory in India

The land for the facility was acquired in Bengaluru two years ago and its construction will start next month

HDFC Bank-HDFC's combined loan book up 13.1%; deposits up 16.2% in Q1

Sequentially, merged entity's advances rose by 0.7% to Rs 22.30 trillion as of March 31

Micron to start construction of $2.75 bn chip plant next month: Report

Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in Gujarat

Sebi issues consultation paper on cyber security, resilience framework

Sebi on Tuesday came out with a consultation paper on boosting cyber security framework for entities regulated by it.

Walmart Global Tech gets Balu Chaturvedula as new Country Head for India

US retail giant Walmart's technology arm Walmart Global Tech has promoted Balu Chaturvedula as the country head for India operations, the company said on Tuesday

Macrotech Developers sales bookings up 17% to Rs 3,350 cr in Apr-June qtr

Realty firm Macrotech Developers on Tuesday reported a 17 per cent growth in its sales bookings at Rs 3,350 crore in the first quarter of this fiscal year, mainly on better housing demand

Meta loses EU court fight over German antitrust crackdown on data

The EU's Court of Justice ruled that Germany's Federal Cartel Office didn't overstep its powers in 2019 when it ordered Facebook to overhaul how it tracks its users' internet browsing

TweetDeck users to get verified in 30 days or face restrictions: Twitter

Twitter users will need to get their account verified for using collaborative and content creation platform TweetDeck, the social media company said on Tuesday

Promoters re-invested entire amount raised via secondary share sale: BYJU's

Edtech major BYJU'S on Tuesday said its promoters have re-invested the entire amount raised by them through secondary sale of shares in the company.

Meesho collaborates with IISc's lab for research in generative AI

Softbank-backed e-commerce platform Meesho has signed a memorandum of understanding with the Vision & AI Lab of the IISc for one year to collaborate in the area of generative AI, the company said

Aviation regulator starts special audit of facilities of Go First

Aviation regulator DGCA on Tuesday started the special audit of the facilities of Go First, which has sought approval for restarting operations

REC to provide Rs 4,785 cr loan for refinery project in Rajasthan

State-owned REC Ltd on Tuesday said it will provide a loan of Rs 4,785 crore to HRRL's project in Rajasthan

NCLT questions maintainability of insolvency plea filed against SpiceJet

NCLT on Tuesday questioned the maintainability of the insolvency plea filed against air carrier SpiceJet by one of its operational creditors Willis Lease Finance Corporation

Bandhan Bank CFO Sunil Samdani resigns with effect from September 30

Samdani, a key managerial personnel (KMP), was with Bandhan since its inception as a universal bank in 2015

ONGC Videsh awaiting clarity on equity structure over Kenyan oil field bid

Other Indian companies that are likely to partner with OVL for the stake buy are also evaluating a stake purchase, said the executive, who was not authorised to speak to the media

Commercial banks post steady YoY growth in credit in first quarter of FY24

Kolkata-based Bandhan Bank expanded loan and advances by 6.7 per cent YoY to Rs 1.03 trillion

LTIMindtree to replace HDFC on Nifty50 benchmark with effect from 13 July

LTI's inclusion in the Nifty50 index will result in inflows of Rs 1,450 crore ($177 million) from passive trackers, as per a note by IIFL Alternative Research

SAIL crude steel YoY output grows by 8% in Apr-June qtr; sales rise by 24%

State-owned SAIL on Tuesday reported an 8 per cent year-on-year growth in its crude steel production at 4.667 million tonnes (MT) during the first quarter of FY24

Coffee Day Enterprises' total default at Rs 440.25 crore in Apr-Jun quarter

Coffee Day Enterprises Ltd (CDEL) on Tuesday reported a total default of Rs 440.25 crore in the quarter ended on June 30, 2023

I-T department lens on 50-60 reporting entities for non-compliance

SOP for reporting on overseas account holders in the works