Page 1332 - Company News

AdaniConneX raises $213 mn for setting up 2 data centres in Chennai, Noida

Joint venture says Indian and international banks have committed financing for the project

Not aware of any subpoena from US regulators to investors: Adani Group

This comes after Bloomberg reported that US regulators are probing the representations made by Adani Group to American investors after Hindenburg report accused it of manipulating stock prices

Modi, Biden hail Indian contribution to Fermilab upgrade project

Prime Minister Narendra Modi and US President Joe Biden on Thursday hailed the deepening bilateral cooperation between the two countries on cutting-edge scientific infrastructure

Govt starts process to fund state refiners' green goals via equity: Reports

The Oil Ministry on Wednesday asked state-controlled Indian Oil Corp and Bharat Petroleum Corp Ltd (BPCL) to launch rights issues

Corporate affairs ministry ordered inspection of Byju's last week: Report

The ministry has taken cognisance of various corporate governance lapses at Byju's, the television channel reported

Boeing to invest $100 mn in infrastructure, pilot training in India

This comes on the heels of Air India signing firm orders of over 200 jets earlier this week from Boeing, which include 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft

Tycoon Shapoor Mistry's firm set to sell India's biggest low-rated bond

The offering comes at a time when investors are turning bullish on India's credit market as a strong economy and improved corporate balance sheets have alleviated concerns

Aurobindo Pharma arm signs pact with Medicines Patent Pool to develop drug

The product will be produced at the Eugia Pharma Specialities Ltd. Unit-I, Medchal, in Telangana, the company said adding it has adequate capacities to meet the global demand

Adani-EdgeConneX JV enters deal to raise $213 million for two data centres

The framework will finance two data centers with an aggregate capacity of 67 MW including one in Chennai with Phase 1 of 17 MW and another in Noida of 50 MW

Reliance Jio in talks to raise about $1.6 billion for equipment from Nokia

Banks involved in the discussions with billionaire Mukesh Ambani's telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co., said the people

Intel India chief Nivruti Rai resigns, successor to be announced soon

Releasing a statement at her exit, Intel said that the company is grateful to Nivruti for the tremendous progress Intel India has made under her leadership

CBI registers 2 cases against IL & FS subsidiaries for defrauding banks

The FIR accessed by ANI reads that the general manager of Punjab National Bank registered a complaint with CBI alleging that the borrower Company IL & FS Energy Development Company

BPCL in talks with Rosneft to buy oil priced on Dubai benchmark: Reports

The deal would deepen India's commitment to its now-biggest oil supplier in the wake of Western sanctions on Moscow and mark a continued shift by Rosneft to pricing its oil

Will not reach emissions goal with current technologies, says Tata Steel

India's second-largest steel producer is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030

Bribes-for-jobs scam uncovered at TCS, miscreants may have made Rs 100 cr

The bribes-for-jobs scandal has led to TCS sacking four officials from its resource management group and banning three staffing firms

A hard lesson for Byju's Raveendran amid mass firings, delayed results

The former teacher from the southern state of Kerala got carried away. In 2015, just as a smartphone revolution was about to kick off in India, he launched a learning app

Adani Group draws regulatory scrutiny in the US after short seller's report

The US Attorney's Office in Brooklyn, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, one person familiar with the inquiries said

Sebi bars Eros Group entities, MD from securities mkt over irregularities

The SEBI has barred Eros International Media Ltd, Eros Worldwide and Eros Digital from the securities market until further orders

Carlyle Group sells 18.4 million shares of Delhivery for Rs 710 crore

Shares of Delhivery closed at Rs 386.65, down 0.5 per cent.

JPMorgan to pay $4 mn fine to SEC as it mistakenly deletes 47 mn records

Brokerages like JPMorgan Securities are required to retain records of business communications sent and received for at least three years, the SEC said