Page 152 - Company News

Bira 91 employees seek ouster of founder Ankur Jain over unpaid dues

Over 250 Bira 91 employees cite governance lapses, unpaid salaries, creditor lawsuits and pending vendor payments in a petition demanding leadership change in the company

SpiceJet receives 3 new aircraft, kicking off major winter expansion

These new planes will join operations between October 10 and 11, marking the start of a major fleet ramp-up

Bharti Telecom to open ₹15,000 cr mega bond issue next week, say bankers

A 100 basis-point cut in the RBI's policy rate in 2025, and an upgrade of the company's existing bonds to the highest-grade rating of AAA by Crisil Ratings has helped bring down costs for the company

Kotak MF halts lumpsum, switch-in investments in silver ETF Fund of Fund

The existing SIP (Systematic Investment Plan) and STP (Systematic Transfer Plan) in Kotak Silver ETF Fund of Fund will however remain active

Canara HSBC Life raises ₹750 crore from anchor investors ahead of IPO

Canara HSBC Life has allotted around 7.08 crore equity shares to 33 funds at 106 per share

PayPay buys 40% stake in Binance Japan to deepen its digital payments push

PayPay has played a role in encouraging Japanese consumers to move away from a long-standing preference for cash by offering rebates on payments through its mobile app

HSBC to acquire Hang Seng unit for nearly $14 billion in Hong Kong bet

To keep its capital ratio within range, HSBC said it will refrain from buybacks for the next three quarters

Microsoft revamps governance framework for India's public sector

The announcement follows a recent court battle in which energy firm Nayara Energy had to seek judicial intervention to regain access to its own data stored with Microsoft

GlobalLogic to raise India workforce by 20%, opens office in Chennai

The new office will serve as the centre for excellence for telecom, 5G and AI-first engineering, the company said in a statement

NTPC, Gujarat govt partner to explore conventional and renewable energy

The company is committed to achieving 60 GW of renewable energy capacity by 2032, strengthening India's net zero carbon emission goal

Ericsson says will make all telecom gear for India market indigenously

The company, at present, makes 4G and 5G equipment in India and exports them to Asian countries as well

Razorpay, NPCI, OpenAI team up to launch agentic payments on ChatGPT

Currently in the pilot stage, this feature allows users to shop and pay within a single chat interface

TCS headcount drops to less than 600k due to restructuring and layoffs

This is the first time in many years that India's largest IT service provider had such a steep drop in headcount and comes after it announced laying off about 12,260 employees in July

Delhi HC dismisses Roche's plea, allows Natco to sell generic Risdiplam

A division bench comprising Justices C Hari Shankar and Ajay Digpaul upheld a March 2025 single-judge bench order that had denied Roche an injunction

Tata Trusts trustees to meet on Friday amid govt push to resolve rift

The meeting comes after weeks of friction between Trusts Chairman Noel Tata and trustee Mehli Mistry over the withdrawal of former defence secretary Vijay Singh

PepsiCo flags rising competition, slower growth in India beverage market

PepsiCo CEO Ramon Laguarta says weather and intensified competition have slowed India's beverage growth, though foods category remains resilient

Rainfall caused decline in September coal output at CIL: G Kishan Reddy

CIL accounts for over 80% of the country's coal production

HSBC India to allocate $1 bn in non-dilutive debt capital for startups

HSBC launches Innovation Banking in India with $1B non-dilutive capital to help startups scale and retain equity

Signature Global to raise ₹875 cr next week through NCD issuance

In June, the company's board approved a proposal to raise up to ₹875 crore through NCDs on a private placement basis

Tata Steel India's Q2 production rises 7% as furnace relining boosts ops

Boosted by operational normalisation post-furnace relining, Tata Steel India posted higher Q2 output and record retail deliveries amid strong domestic demand