Page 1379 - Company News

Torrent Power board to consider plan to raise up to Rs 3,000 cr via NCDs

The board will also consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2023

HFCL bags Rs 222 cr order from Reliance Jio for transmission equipment

Domestic telecom gear maker HFCL has bagged about Rs 222 crore order from Reliance Jio and its sister concern Reliance Projects

72% of CoD bills paid in Rs 2K notes? Zomato tweet a 'marketing ruse'

In FY23, Zomato trimmed its losses to Rs 971 crore, from Rs 1,225.5 crore in the previous financial year

Start-up Inxee Systems develops new smart visual docking guidance system

Startup Inxee Systems has developed a new Smart Visual Docking Guidance System (SVDGS) and it has been deployed at Kolkata's Netaji Subhas Chandra Bose International Airport

Ola Electric secures $300-million funding at $6-billion valuation

In the previous deal, Ola Electric had raised $200 million from investors like Tekne Private Ventures, Alpine Opportunities Fund, and Edelweiss

Hindustan Unilever, Genpact launch Be.Seen to help minority-owned units

FMCG giant may absorb these businesses into its own supply chain

Maruti Suzuki partners with Cholamandalam Investment and Finance Company

Maruti Suzuki India Ltd on Monday said it has partnered with Cholamandalam Investment and Finance Company Ltd (Chola) for inventory financing for its dealer partners

Asian fund BPEA EQT closes in on study loan financer HDFC Credila

Transaction may close at a valuation of $1.2 bn; sale expedited following RBI instructions to either sell the firm or merge it with HDFC or HDFC Bank before their own merger by July

Domestic sales could rise 17% but exports may dip 25% in 2023: Yamaha chief

High inflation, weak local currencies in key markets in Indian subcontinent, Africa, and South America take toll on global shipments

PhonePe raises another $100 mn from General Atlantic as part of $1 bn plan

The company has raised a total of $850 million from several global investors, including $550 million from General Atlantic alone

JSW Steel, Japan's JFE ink pact to manufacture electrical steel in India

The JV shall be able to manufacture the entire range of CRGO products at its proposed facilities at Vijayanagar, Karnataka

Coal India agrees on 25% hike in allowances for non-executive workers

The final impact of the 25 per cent increase in allowances will be intimated shortly which is not likely to be significant

Gland Pharma down 33% in two days, Shreyas Shipping hits 20% upper limit

The miss comes on the back of a key customer filing for bankruptcy, high competition from Chinese players, and production shutdowns

Reliance Power offers Rs 1,200 cr to settle debt of Butibori power project

CFM ARC is now under the scanner of RBI and the Income Tax Department for alleged malpractices and business misconduct

Will stop competing in over-served markets, instead play big bets: Ford

Ford Motor Co. CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services.

TCS to leverage Google Cloud's generative AI to design custom solutions

Tata Consultancy Services has expanded its partnership with Google Cloud for generative AI offerings, the company said

Persistent Systems opens new Poland location to expand footprint in Europe

The company aims to leverage these skills and build on its Digital Engineering expertise by recruiting skilled personnel in various roles from the country

HFCL receives purchase orders up to Rs 222 crore for supply of OFC

The shares of HFCL Limited ended marginally higher at Rs 65.21 on BSE

Global family offices upbeat on Indian startup ecosystem: Lakshmi Narayanan

Lakshmi Narayanan says ambitious valuation, transparency issues still a major challenge for investors in Indian startup sector

Paytm Money launches bond Investing on platform for retail investors

Bonds on Paytm money app present investors with all information on one platform, and converts everything to yield so investors can analyse and understand the returns they can earn, the company said.