Page 293 - Company News

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

GAIL discharges first LNG vessel at Dabhol Terminal in monsoon season

Located on the Maharashtra coastline, the Dabhol LNG Terminal plays a vital role in India's gas infrastructure

Hudco board approves ₹750 crore fundraise via non-convertible debentures

The base issue size is ₹500 crore, with an additional green-shoe option of ₹250 crore

Akasa Air signs pact with Adani Airport to launch operations from NMIA

Akasa Air partners with Adani Airports to begin operations from Navi Mumbai International Airport, starting with 100+ weekly flights and expanding to 350+ domestic and international departures

Aditya Birla Group's paints unit files antitrust case against Asian Paints

The first source added that Asian Paints also allegedly told its dealers it will curtail its supplies to them if they put up hoardings of Birla paint products or place them at prominent places

RITES, HCL sign pact to develop critical mineral supply chain

The partnership will focus on exploration, extraction, refining, and production activities in India and abroad.

Nandan Nilekani commits second multi-year grant to AI4Bharat at IIT Madras

Nandan Nilekani backs AI4Bharat's mission to build open-source AI infrastructure for Indian languages, advancing digital inclusion through language accessibility

Oyo to expand to 300 cities by FY26, eyes doubling booking revenue

Oyo aims to increase its booking revenue share from company-serviced hotels from 22 to 44 per cent while expanding to over 300 Indian cities by the end of FY26

Manish Gupta named as new president, MD for Dell Technologies India

Gupta takes over from Alok Ohrie, who is leaving the company to concentrate on personal pursuits, the company said

Namma Yatri hits 100 million rides, enables ₹1,600 cr driver earnings

Namma Yatri achieves a landmark 100 million zero-commission rides, generating Rs 1,600 crore for 6 lakh drivers while building an open AI-led mobility infrastructure

Boson Cell leads India's march towards sustainable energy storage solutions

Boson Cell launches two lithium variants to support India's clean mobility, drone, and renewable sectors, aligning with the Atmanirbhar Bharat energy self-reliance mission

Boson Cell leads India's march towards sustainable energy storage solutions

Boson Cell launches two lithium variants to support India's clean mobility, drone, and renewable sectors, aligning with the Atmanirbhar Bharat energy self-reliance mission