Page 288 - Company News

GST breather for Infosys: DGGI closes ₹32,400 cr pre-show cause notice

Infosys said it had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under the Reverse Charge Mechanism

JK Cement acquires 60% stake in J&K-based Saifco Cements for Rs 150 cr

As per the shareholders' agreement between the company and its promoters, JK Cement will acquire management control and hold 60 per cent of the paid-up capital of Saifco

Sundaram Home crosses ₹1,000 cr in disbursements from non-south markets

Sundaram Home Finance is a wholly-owned subsidiary of Sundaram Finance Ltd. It provides home loans, plot loans, loans against property and business loans to traders and retailers

Tesla tanks $380 bn after Musk calls Trump's bill 'disgusting abomination'

Tesla lost $380 billion after Elon Musk blasted Trump's tax bill as a 'disgusting abomination,' triggering the worst crash in the company's history

IndiGrid to acquire 300 MW solar project, transmission asset for ₹2,108 cr

The solar asset, Renew Solar Aayan Private Ltd (RSAPL), is a 300 MW (AC) operational project located in Barmer, Rajasthan, a region known for high solar irradiation

Netflix, Balaji Telefilms announce long-term creative partnership

The first offering from the collaboration is an untitled series currently in advanced stages of development, with more projects expected to follow soon

Tata Sons dividend income may have slipped in FY25 for first time in 9 yrs

Tata Sons reported standalone operating income of Rs 43,767 crore in FY24 up 25.3 per cent from Rs 34,917 crore a year ago

Infosys gets relief as DGGI drops Rs 32,403 crore GST demand notice

Infosys said it has received official communication from the GST intelligence authority closing pre-show cause proceedings for financial years 2017-18 to 2021-22

Bajaj Finserv's promoters divest 1.79% stake, raise Rs 5,505 crore

Jamnalal Sons and Bajaj Holdings sold 28.6 million shares of Bajaj Finserv at ₹1,925.2 apiece, with mutual funds and foreign investors among buyers, market watchers suggest proceeds fund Allianz stake

JBM auto to enter global e-bus mkt with first launch in Germany this month

The product has been developed based on extensive research that included feedback from potential customers in the European market

L&T raises Rs 500 cr through first listed ESG bond under new Sebi norms

Larsen & Toubro issues Rs 500 crore ESG-linked bond, the first listed deal under SEBI's new framework, setting benchmarks for transparency and sustainability in India's bond market

SAIL supplies 16,000 tonnes for Chenab rail bridge: Bhilai Steel official

Prime Minister Narendra Modi on Friday flagged off the first train service to the Kashmir Valley and inaugurated a number of development projects including Chenab railway bridge

PNB cuts lending rate to 50 basis point in line with RBI's policy

Hours after RBI's jumbo rate cut, state-owned Punjab National Bank (PNB) on Friday announced up to 50 basis points reduction in lending rate, a move which will help existing and new borrowers.

SBI MF, Goldman Sachs, others buy 1.8% stake in Bajaj Finserv

SBI MF, Morgan Stanley and Goldman Sachs, among others, on Friday cumulatively bought a 1.8 per cent stake in Bajaj Finserv for Rs 5,506 crore from promoter entities.

Jubilant gets $600 mn boost from Goldman for Coca-Cola India stake buy

Convertible preference shares is one of the many ways companies can raise capital to fund their operations and expansion

Maruti launches flexible EMI plan to upgrade small cars to Grand Vitara

The pilot scheme in three cities offers low EMI of around Rs 9,999 and guaranteed buyback after five years to make SUV ownership affordable and accessible for small car owners

PhonePe acquires GSPay IP to launch UPI payments for new feature phones

The company in a statement said it plans to customise the stack and launch its own UPI payment app for new feature phones in India in the next few quarters

Genpact acquires AI solutions provider XponentL Data to boost capabilities

Genpact buys XponentL Data, gaining domain-led data strategy, AI engineering skills and partnerships with AWS, Microsoft and Databricks to accelerate AI transformation

Dell names Manish Gupta India president and MD, replacing Alok Ohrie

Gupta, who earlier led global alliances in APJC, takes charge from Alok Ohrie, who had been heading Dell India since 2013 and is now exiting the company

Tata Electronics, BEL sign MoU to develop local semiconductor solutions

The two firms also intend to jointly develop manufacturing solutions for BEL's products by leveraging shared knowledge, best practices, and technical resources, Tata Electronics said