Page 298 - Company News

Nvidia overtakes Microsoft to become world's most valuable company again

Fueled by record AI chip demand and soaring stock gains, Nvidia's market cap hits $3.45 trillion, taking the spot of the most valuable company from Microsoft

Yes Bank to raise ₹16,000 crore via equity and debt; caps dilution at 10%

Yes Bank's board approves fund-raising plan of ₹16,000 crore and AoA changes as part of its agreement with Sumitomo Mitsui

Ex-Kia India workers, scrap dealers face probe over theft of 1,008 engines

Though the engines were worth only $2.3 million, the police investigation noted the case had widespread impact on industrial operations, stakeholder trust and employment security

Quick Routes Int'l exits Zinka Logistics; sells 9% stake for ₹672 crore

The shares were offloaded in the price range of Rs 420.06-420.25 apiece, taking the combined transaction value to Rs 671.76 crore

Tesla leases warehousing facility in Mumbai's Kurla West for five years

Tesla leases 24,565 sq ft facility in Kurla West for vehicle servicing, signalling expansion in India amid market launch preparations

Harrier.ev in driver's seat as Tata Motors eyes 50% market share in EVs

Electric PV market expected to grow by over 50% in FY26; company yet to disclose full price range of Harrier EV

Reliance Retail and Jio likely to trigger Ebitda turnaround for RIL

Goldman expects Reliance's CROCI (cash return on capital invested) to widen by 140 basis points to 11 per cent by FY27, citing minimal downside risks to consensus earnings forecasts

Aakash Educational moves NCLT to implead EY in edtech firm Byju's dispute

Aakash urges NCLT to add EY and its partner as parties in Byju's dispute, citing conflict of interest and alleging professional misconduct in corporate advisory role

ITC stake strategic investment, not financial: BAT chief executive Marroco

Marroco also confirmed that BAT would keep its two directors on the ITC board so that it has an influence

Vedanta to raise upto ₹5,000 crore via unsecured bond issue for refinancing

Vedanta Ltd will issue bonds worth upto ₹5,000 crore to refinance existing debt and back capital expenditure as part of its restructuring and investment plans

Adani considers entering airport ground handling bids after Celebi's exit

Celebi operated at nine airports in India, including gateway facilities in capital New Delhi and the commercial hub of Mumbai. Its operations were halted after Turkey voiced support for Pak

Waaree Renewable Technologies bags Rs 345 cr solar project in Rajasthan

WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan

HUL launches iSight to track demand trends, competition on real-time basis

Hindustan Unilever introduces iSight app exclusively in India, enabling employees to share real-time feedback on products, market trends and competitors to strengthen brand strategies

OpenAI to provide fresh API credits to 11 Indian non-profit organisations

OpenAI will grant API credits and technical support to 11 Indian non-profits, including Rocket Learning and Noora Health, to advance AI solutions for social good

Flipkart may exit Aditya Birla Fashion through ₹600 crore block deal

Walmart-owned e-commerce firm to offload remaining 6 per cent stake as part of strategic shift; Goldman Sachs managing the transaction

Adani may invest ₹6K cr in cooling solutions biz, set up unit at Mundra

Adani Energy Solutions plans a Rs 5,000-6,000 crore investment in centralised cooling, setting up India's largest unit at Mundra with Cooling-as-a-Service model

Zydus enters biologics CDMO market with $125 million acquisitions

Zydus Lifesciences will acquire two US biologics manufacturing facilities from Agenus for up to $125 million, gaining immediate manufacturing capabilities and expanding its global presence

Paytm Cloud incorporates Paytm Singapore as wholly-owned subsidiary

Earlier this year, PCTL acquired a 25 per cent stake in Brazil-based embedded finance firm Seven Technology for $1 million

Oil India commences natural gas production from Bakhri Tibba in Jaisalmer

Taking to social media platform 'X', the Union Minister hailed the milestone as a testament to the company's resilience and commitment

MMRDA allots BKC plots to Sumitomo, Brookfield for Rs 3,840 crore

Plots in Mumbai's BKC allotted to Sumitomo and Brookfield-linked firms for Rs 3,840 crore with plans for mixed-use and office developments including a luxury hotel