Page 147 - Company News

India at centre of LG Electronics' Global South strategy: CEO William Cho

LG Electronics India debuts on NSE with 48% surge, advancing Make in India, R&D growth, and a new chapter in the global south strategy

Share of small cars in sales up after GST cut: Maruti's Partho Banerjee

'Seeing a lot of people with helmets visiting our showrooms'

Google to invest $15 billion by 2030 to develop AI hub in Andhra Pradesh

The Visakhapatnam-based AI hub, Google's largest India investment, will house a gigawatt-scale data centre and strengthen India's position in global AI infrastructure

Eyewear retailer Lenskart accelerates store expansion ahead of $10 bn IPO

The eyewear retailer plans its biggest store expansion in three years as it prepares for a $900 million IPO, one of India's largest public issues in 2025

Bank of Maharashtra Q2 profit up 23% to ₹1,633 crore on lower NPAs

The bank had posted a net profit of ₹1,327 crore in the same quarter preceding fiscal (FY25)

US banking giants see gains from dealmaking surge but warn of asset froth

Global investment banking fees reached a four-year high in the first nine months of the year, underpinning earnings

Broadcom to launch Thor Ultra networking chip, intensifying Nvidia rivalry

The Thor Ultra will battle Nvidia's networking interface chips and aim to further entrench Broadcom's control of network communications inside data centers designed for AI applications

Infosys wins ₹14K cr deal from UK's NHS for workforce management solution

The 15-year contract with NHS Business Services Authority will replace the Electronic Staff Record system and manage payroll for 1.9 million NHS employees

Foxconn investing ₹15,000 cr in Tamil Nadu, reiterates Minister TRB Rajaa

Tamil Nadu Industries Minister TRB Rajaa on Tuesday reiterated that Taiwan-based Foxconn company is investing Rs 15,000 crore in the state, and will create 14,000 new jobs.

Ola Electric likely to foray into India's $30 billion energy storage market

Ola Electric Chairman and Managing Director Bhavish Aggarwal has hinted at a major announcement on October 17, suggesting the company's entry into the segment

Goldman Sachs profit jumps 37% as bankers cash in on strong deal activity

Goldman announced last month it will take a stake worth as much as $1 billion in T Rowe Price, as part of a partnership to tap the asset manager's retirement money for alternative assets

NTT Data partners with NPCI to enable UPI payments for Indians in Japan

The partnership marks UPI's first entry into an East Asian market and aims to make digital transactions easier for Indian tourists while boosting Japan's cashless economy

Leela Palaces, Hotels and Resorts posts ₹74.7 crore Q2 net profit

The company had posted a consolidated net loss of Rs 51.17 crore in the corresponding quarter last fiscal, The Leela Palaces, Hotels and Resorts Ltd said in a regulatory filing

LT Foods to acquire Hungary's Global Green Europe for €25 million deal

LT Foods, with a consolidated revenue of around ₹8,770 crore in FY25, operates processing units in India, the US and Europe and has a distribution network with over 1,400 distributors across the globe

BMW India expects EVs to make up 30% of overall sales before 2030

The German luxury carmaker's electric vehicle portfolio in India currently accounts for around 21% of the overall sales

Tech Mahindra Q2 results: Net profit slips 4.44% to ₹1,194.5 crore

Its revenue grew to ₹13,995 crore from ₹13,313 crore a year ago and ₹13,351 crore in the quarter-ago period, as per an exchange filing

Infosys bags ₹14,000 cr NHS contract to deliver workforce management system

Under the 15-year agreement, Infosys will develop the Future NHS Workforce Solution, a data-driven workforce management platform, which will replace the existing Electronic Staff Record system

TCS to retrain 100,000 staff yearly as AI transforms tech, job roles

The company said that AI tools capable of learning and evolving on their own demand a new kind of testing and quality assurance

Cochin Shipyard wins ₹2,000 cr order for 6 LNG-powered container vessels

These vessels will have a capacity of about 1,700 twenty-foot equivalent units and be powered by liquefied natural gas, according to a regulatory filing

Adani Group's ROA hits 16.5%, among highest globally in infrastructure

Speaking at the Group's annual Shantilal Adani Lecture Series, Adani attributed the performance to disciplined growth and efficient capital deployment