Page 1512 - Company News
Adani Group prepays entire financing for Ambuja Cements acquisition
The promoters have also prepaid a $500-million facility taken for Ambuja acquisition financing
 "Adani Group prepays entire financing for Ambuja Cements acquisition")
Government of Gujarat promoted companies: A success story
The state is consistently ranked among top three in terms of attracting capital investment including foreign direct investment
 "Government of Gujarat promoted companies: A success story")
Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others
The new investment is likely to close in a few weeks and help the payments firm compete with Google Pay, Paytm, and Amazon Pay in the Indian fintech space
 "Walmart's PhonePe seeks to raise $300-$400 mn from General Atlantic, others")
India's chemical demand likely to jump to $1,000 billion by 2040: Report
McKinsey said the country's chemical industry has been a global outperformer in demand growth and shareholder wealth creation over the last decade
 "India's chemical demand likely to jump to $1,000 billion by 2040: Report")
SAIL finalising plans to nearly double capacity to 34-35 mt by 2030-31
In next 3-4 years, it will add about 3 mn tonnes by sweating existing assets and debottlenecking, at a likely capex of Rs 10,000-11,000 crore
 "SAIL finalising plans to nearly double capacity to 34-35 mt by 2030-31")
Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%
State-owned Bank of Maharashtra (BoM) on Sunday announced a reduction in the interest rate on home loans to 8.4 per cent from the existing 8.6 per cent.
 "Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%")
Indian soft drink market likely to see significant growth: Varun Beverages
This would be driven by factors such as shifting population demographics, the rising spending power of young consumers, accelerated urbanisation, and growing rural consumption
 "Indian soft drink market likely to see significant growth: Varun Beverages")
SVB collapse: Union Minister to meet startups to see how govt can help
As the collapse of Silicon Valley Bank (SVB) in the US left the Indian startup ecosystem worried, Union Minister of State for Electronics and IT, Rajeev Chandrasekhar
 "SVB collapse: Union Minister to meet startups to see how govt can help")
Godrej Locks and Architectural Fittings aim 24% growth in current fiscal
Godrej Locks and Architectural Fittings is looking at clocking Rs 1,100 crore turnover this fiscal, a 24 per cent year-on-year growth, a senior company official has said
 "Godrej Locks and Architectural Fittings aim 24% growth in current fiscal")
Top headlines: India-Australia trade pact, SVB collapse, and more
Business Standard brings you the latest headlines at this hour
 "Top headlines: India-Australia trade pact, SVB collapse, and more")
Air India gets DGCA nod for cross utilisation of wide-body pilots
Aviation regulator DGCA has approved Air India's long-pending request to allow the same pilots to operate two types of Boeing wide-body aircraft, according to officials
 "Air India gets DGCA nod for cross utilisation of wide-body pilots")
Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report
Government appointed Siddhartha Mohanty, the managing director and chief executive officer of LIC Housing Finance, as the MD of Life Insurance Corporation for three months, according to media report
 "Govt appoints Siddhartha Mohanty as interim chairman of LIC: Report")
Microsoft to unveil GPT-4 next week ability to create AI-generated videos
Microsoft plans to release GPT-4 as early as next week, with the ability to create AI-generated videos from simple text prompts
 "Microsoft to unveil GPT-4 next week ability to create AI-generated videos")
Brakes India unveils new ZAP brake pads exclusively designed for EVs
Manufacturers of braking equipment for automotive and non-automotive applications, Brakes India has unveiled ZAP brake pads with advanced friction technology for electric vehicles, the company said
 "Brakes India unveils new ZAP brake pads exclusively designed for EVs")
Study shows online 'personal brands' are key to job success for Gen Z
Generation Z, people born between 1997-2012, perceive online "personal brands" as a crucial tool to gain more advantage in job markets, new research reveals
 "Study shows online 'personal brands' are key to job success for Gen Z")
Inker Robotics secures $1.2 million funding under Kerala StartUp Mission
Kerala-based Inker Robotics, under the Kerala StartUp Mission, which deals with research and delivery in robotics and futuristic technology education, has secured a USD 1.2 million funding
 "Inker Robotics secures $1.2 million funding under Kerala StartUp Mission")
WhatsApp to roll out 'approve new participants' feature to beta testers
Meta-owned WhatsApp is reportedly rolling out a new feature -- "approve new participants" in group settings for some beta testers on Android and iOS
 "WhatsApp to roll out 'approve new participants' feature to beta testers")
Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis
Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis.
 "Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis")
Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers
US-based telehealth startup Cerebral has disclosed that it shared the private health information, including mental health assessments, of more than 3.1 mn patients in country
 "Telehealth startup Cerebral shares data of 3.1 mn patients with advertisers")
US toy retailer, ToysRUs enters India for the 2nd time, opens first store
Its online store toyrus.in and it will also sell exclusively on ecommerce platforms, Flipkart and Myntra.
 "US toy retailer, ToysRUs enters India for the 2nd time, opens first store")