Page 168 - Company News

Curefoods secures ₹160 crore pre-IPO placement from 3State Ventures

Curefoods allots 12.8 million equity shares at Rs 124 each to Binny Bansal's 3State Ventures in a pre-IPO placement, ahead of its Rs 800 crore fresh issue and OFS under SEBI norms

20% PC penetration offers vast opportunity for innovation: HP India MD

Noting that PCs play a crucial role in education, skill development, and employment, she said, given these underlying drivers, the opportunity is immense.

Dairy group Hatsun Agro targets 15% revenue growth after GST revamp

India, the world's largest milk producer, is in the midst of trade negotiations with Washington and the demand for opening up its dairy sector to US corporations has been a sore point

Coal India announces ₹1.03 lakh festivals reward for non-executive staff

The PLR will benefit around 210,000 non-executive cadre employees of CIL, its subsidiaries and around 38,000 non-executive cadre employees of SCCL

Skoda brings back Octavia in India; only 100 units up for sale in 2025

Skoda Auto India will reintroduce its high-end Octavia RS as a fully built import next month, with limited units and pre-bookings starting October 6 alongside network expansion

Google faces EU fine for boosting its own search platforms over rivals

Google may face its first EU fine under the new Digital Markets Act for giving unfair advantage to its own services like Google Shopping, Flights and Hotels, hurting competition and rivals

US probes Waaree Energies over alleged duty evasion on Chinese solar cells

US Customs as started a formal investigation of Waaree and Waaree Solar Americas Inc over suspected evasion of anti-dumping duties, imposing interim measures on solar imports

Tata Capital's IPO likely to hit market in the first half of October

Tata Capital is set to launch its IPO in October to raise Rs 16,500-17,500 crore, providing growth capital for 2-3 years as Tata group stake declines to 86.5% post issue

Intel in talks with Apple on investment to support chipmaker's comeback

Once the dominant chipmaker, Intel now has a fraction of Nvidia's sales and market capitalization. It also has laid off workers, delayed factory expansion plans to cope with its deteriorating finances

Apple pushes EU to repeal tech rules citing delayed features, app risks

The request comes as the European Commission reviews the law, marking its first evaluation of the act's effectiveness and its capacity to respond to emerging technologies, including AI

StanChart to focus on multi-product clients; no new branches planned

Standard Chartered India will focus on cultivating multi-product retail relationships and cross-selling to affluent clients while consolidating branches into large priority centres

Accenture beats Q4 revenue estimates, plans $865m AI-driven restructuring

The Dublin-based company expects about $250 million in charges in the November quarter, on top of $615 million recorded in the fourth quarter, for a total of $865 million

Public transport not allowed on Wipro campus: Chairman Azim Premji

Azim Premji has declined Karnataka govt's request to allow vehicles through Wipro's Sarjapur campus, citing legal, governance and SEZ compliance issues in traffic plans

JLR India operations remain unaffected by UK plant shutdown, cyber-attack

Jaguar Land Rover's India operations are not impacted by UK plant shutdowns after cyber-attacks, with sufficient inventory supporting demand for cars and spare parts

Microsoft halts cloud and AI services to Israel's defence ministry unit

Brad Smith, Microsoft's president, said the company opened the review after an August article by the Guardian alleged activity by a unit of the Israel Defense Forces

Polycab promoters, others sell shares worth ₹1,740 cr via block deals

Shares of Polycab India fell 1.96% to close at ₹7,385 apiece on the National Stock Exchange (NSE)

NTPC, NPCIL to invest ₹42K cr in 2,800 MW nuclear power plant in Rajasthan

The partners will pool in financial, technological, and project expertise for the project which entails an investment of around ₹42,000 crore, NTPC said in a statement

Citigroup shifts 1,000 tech jobs to India amid China cuts, H-1B fee hike

Earlier this year, Citi announced that it would cut around 3,500 jobs at its technology centres in China as part of a global effort to simplify and shrink global tech operations

ITC upbeat on festive demand with GST relief, but flags inflation risks

However, the FMCG major is also cautious about the existing inflation on some products, its Executive Director and Divisional Chief Executive of the Foods Business Division, Hemant Malik, said

Jindal Stainless invests ₹700 cr in decarbonisation, cuts 3.18 lakh MT CO2

The company is taking multiple steps to reduce carbon footprints, including Odisha's largest captive solar plant, Jindal Stainless Ltd (JSL) said in a statement