Page 1823 - Company News

Gujarat chosen for Rs 1.5-trn project based on professional advice: Vedanta

As a political storm brewed over his group shifting a multi-billion dollar semiconductor factory from Maharashtra to Gujarat, Anil Agarwal said the site was chosen based on professional advice

Veranda Learning Solutions to raise Rs 300 crore in preferential issue

This raise includes an investment of Rs 61.4 crore to be subscribed by the promoters in the form of convertible warrants

Indian pharma industry likely to grow to $130 bn by 2030, says IPA

The trade shows are jointly organised by Indian Pharma Machinery Manufacturers Association (IPMMA), Indian Analytical Instruments Association (IAIA) and Messe Muenchen

Number of deals fell 40% in Aug, M&A volume worst since May 2020: Report

Value of deals down 52% y-o-y as investors turn cautious, says study by Grant Thornton Bharat

Top headlines: AI puts in place transformation plan;BPCL divestment stalled

The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years

Redington India, Google Cloud enter into tie-up for drive distribution

IT solutions provider Redington Ltd has entered into a partnership with Google Cloud India for drive distribution and adoption of Google Workspace and Cloud with small and medium businesses

AI puts in place transformation plan; aims 30% domestic mkt share in 5 yrs

Air India aims to have a domestic market share of 30% and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a transformation plan

Google Cloud, Nasscom partner to skill students for entry-level Cloud jobs

The beginner-level course aims to provide participants an opportunity to experience cloud computing, cloud basics, big data and machine learning (ML)

SpiceJet reintroduces option to lock fare for 48 hours with 'SpiceLock'

SpiceJet announced the reintroduction of 'SpiceLock', a unique service that allows passengers to lock their desired fare for 48 hours without name

Reliance Retail to seek doubling of borrowing limit to Rs 1 trillion

According to the Reliance Retail's annual reports, the company will seek shareholders' approval in the September 30 annual general meeting

Tata Sons to raise $500 mn in offshore loan, backed by BofA, SMB

Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank

YES Bank to sell all its NPAs to JC Flowers ARC by December: Report

YES Bank's gross NPAs stood at 13.4 per cent at the end of June. The gross figures stood at Rs 27,747 crore. In June 2021, the NPAs stood at 15.6 per cent

Edtech start-up upGrad acquires corporate training solutions firm Centum

Company led by entrepreneur Ronnie Screwvala is on an acquisition spree and last month bought Exampur, a test-prep provider for state jobs

Deloitte sought two key changes to Byju's FY21 financials: Report

In the results, declared on Wednesday after a delay of over 18 months, Byju's recorded a revenue of Rs 2,280 crore. The loss for FY21 stood at Rs 4,500 crore

With a loss of Rs 4,588 crore, Byju's FY21 report card has many red marks

Raising hopes for the subsequent year, 2021-22, the company disclosed unaudited results that show nearly Rs 10,000 crore in gross revenues

India Inc hesitant to invest as doubts remain on demand recovery: Analysts

They say high commodity prices, geopolitical uncertainty, and uneven consumer demand may have prompted firms to defer capex plans

Fully committed to investing in Maharashtra: Vedanta Chairman Anil Agarwal

Agarwal said that Gujarat met expectations and the decision was made a few months ago

DealShare customer base reaches 20 mn with most from tier 2 and 3 cities

Their aim is to expand the DealShare Dost network by 10% month on month, contributing to over 40% of the overall revenue/sales in the next four years, the statement said

Office space absorption to touch 53-57 mn sq ft by 2022-end: Report

According to the CBRE research, Q3 2022, 73% of workplaces allow for hybrid working, 18% allow for office only and 6% for remote only

Tata Power to develop 4 MWp solar project at Tata Motors' Pune plant

Over the next few years, the company plans to expand the solar capacity of its Pune plant to meet the growing demand for renewable energy