Page 285 - Company News

RBI gives Yes Bank MD & CEO Prashant Kumar 6-month extension: Lender

Kumar got his first extension in October 2022 for a three-year period till Oct 25

NTPC to raise ₹4,000 crore via NCDs for capex and loan refinancing

State-run power giant NTPC on Friday said it has decided to raise Rs 4,000 crore through the issuance of non-convertible debentures (NCDs).

Credai, Adani Cement tie up for workforce skilling, green construction

Credai has joined hands with Adani Cement to promote sustainable building practices and launch councils focused on workforce skilling and green development in real estate

Serum Institute signs MoU with DNDi to develop dengue treatment candidate

Serum Institute and DNDi sign MoU to develop and scale a dengue monoclonal antibody vaccine with Phase 3 trials in India, Brazil and other endemic countries

SBI hires 505 probationary officers to boost delivery across India

SBI recruits 505 probationary officers as part of its 18,000-person hiring drive to enhance process and delivery nationwide, with a focus on skill development and service

Vedanta board to consider first interim dividend for FY26 on June 18

Shareholders on record as of June 24 will be eligible for the dividend, if declared; Vedanta declared ₹43.5 per share in interim payouts during FY25

Mont Vert signs $500 mn deal to build medical university in Kazakhstan

Mont Vert Group will be responsible for the construction and development activities related to the project, UK-based SRAM & MRAM Group said in the statement

K Ramachandran appointed part-time chairman of Tamilnad Mercantile Bank

TMB board appoints veteran banker K Ramachandran as Additional Director for three years and clears his name for part-time chairman, pending RBI approval

Cyril Amarchand appoints Iqbal Khan as partner in its corporate practice

Iqbal Khan joins Cyril Amarchand Mangaldas as Partner in the Corporate Practice, bringing deep transactional experience across sectors to the firm's Mumbai office

ICRA to acquire risk solution firm Fintellix India for $26 million

Fintellix, a Bengaluru-based product-led company, specialises in risk, supervisory, and data analytics solutions on its proprietary data platform

Garuda Aerospace opens agri-drone indigenisation unit near Chennai

The facility, a first-of-its-kind initiative, augments Garuda Aerospace's existing manufacturing unit located near Chennai and a major leap in advancing drone manufacturing

TVS Capital revamps board to boost focus on India's $10 trn growth path

Firm appoints three independent directors, including veterans from banking and consumer sectors, as it sharpens sectoral strategy and reinforces governance across portfolio companies

SBI hires 505 probationary officers to strengthen process, delivery

The recruitment aimed to fill vacancies across the country, makes it one of the significant hiring efforts in the industry in junior management grade, said SBI

AMD sees AI chip market topping $500 bn by 2028, unveils MI350 GPU series

The Silicon Valley company said the market is likely to grow at over 60 per cent annually to exceed $500 billion, from being a $45 billion opportunity in 2023

$115 bn fund manager ICICI Prudential bets on short-term Indian debt

The recent slowdown was a "mid-cycle correction", and the central bank's policy support has laid the groundwork for growth to return to its long-term trend

Mood turns sombre at Bombay House after Air India Dreamliner crash

A sombre mood grips Bombay House after an Air India Dreamliner crash, dealing a blow to Tata's aviation revival plans and delaying key group events and ceremonies

Apple may have a different AI strategy than others, say analysts

Muted WWDC does not imply Apple is behind in the AI race, analysts say, as company focuses on design integration and reliability rather than flashy AI launches

Boeing CEO speaks to Air India chief after Ahmedabad flight 171 crash

He also said that a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau

Krutrim looks to go beyond chatbots with 'first of its kind' Kruti

India's first agentic AI, Kruti, launched by Bhavish Aggarwal's Krutrim, can book cabs, pay bills, generate images and support 13 Indian languages using a localised LLM

P&G Hygiene sees urban stress persisting and rural demand rebound

P&G Hygiene and Health Care highlights healthy rural recovery and strong economic indicators but remains cautious due to weak urban demand and global uncertainties