Page 34 - Company News

Meta has quietly become one of Microsoft's largest AI customers

A major prong of Microsoft's AI strategy is offering models from a variety of providers through a marketplace called Foundry, which had 100,000 customers as of July.

SK Hynix workers to get 60% of 2026's bonuses in stock rather than all cash

Workers are set to ‌be paid an average 779 million won ($547,000) for ​2026, according to Reuters calculations.

Food distributor Sysco adds two board members to advance AI transformation

The move comes as food ‌and restaurant companies ​increasingly adopt AI tools ​to improve demand forecasting, inventory management, supply-chain planning ​and customer service.

CCPA fines Amazon for selling sweets as Ram Mandir Ayodhya Prasad

CCPA imposed a ₹1 lakh penalty on Amazon Seller Services, the marketplace arm of e-commerce major Amazon, for hosting misleading listings that sold ordinary sweets as Shri Ram Mandir Ayodhya Prasad

SC asks RCom to approach HC over DoT move to encash ₹802 cr bank guarantee

Supreme Court declines RCom's request for one-week interim protection but clarifies that it has not examined the merits of the challenge to the DoT's action

Manipal Hospitals net profit declines 4.2% to ₹243 crore in Q1FY27

Revenue from operations rises 38.1 per cent to Rs 3,091 crore, while EBITDA grows 26.4 per cent to Rs 749 crore as inpatient and outpatient volumes increase

Mankind Pharma signs China pact to market insulin analogues in India

Firm eyes more partnerships with Chinese pharmaceutical companies to expand its in-licensed drug pipeline as it seeks a larger presence in injectable diabetes therapies

Alstom in talks with Indian Railways for 200 more e-locomotives order

In 2015, the Indian Railways and Alstom set up a joint venture company to manufacture 800 electric locomotives in Madhepura, Bihar.

PhonePe, MeitY sign MoU to integrate PulsePro data in PM GatiShakti portal

Under the agreement, PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal, which is managed in collaboration with BISAG-N

Adfactors PR acquires majority stake in Australian comms firm SenateSHJ

SenateSHJ will retain its identity and client teams under its current leadership. Meanwhile, Adfactors PR CEO Nijay N Nair will join the Australian company's board

Hindustan Power announces closure of ₹1,135 cr for solar project in UP

The project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh's growing renewable energy capacity, Hindustan Power said

Tata Consumer Products confident of double-digit growth in FY27: CEO

According to him, the recent recovery in consumer demand has been aided by measures such as income tax relief, GST recalibration and continued government capital expenditure

Coal India plans Singapore trading hub in hunt for critical minerals assets

The move comes as Indian ‌state-run companies step up efforts to secure overseas supplies of critical minerals such as lithium and bauxite in order to reduce dependence on China

Urban Company taps Unicommerce to expand operations in UAE, Saudi Arabia

Unicommerce said that Urban Company's arm in West Asia will leverage its flagship platform, Uniware, to manage inventory and fulfilment operations supporting its at-home service ecosystem

L&T wins order worth up to ₹5,000 cr for Dubai airport APM system

L&T's transportation infrastructure business vertical will undertake the design, procurement, delivery and integration of critical APM infrastructure and systems

Aditya Birla Capital enters gold loans biz, plans to open 1,000 branches

Aditya Birla Capital said its entry into the gold loan segment marks a strategic expansion of its secured lending portfolio and "complements its existing retail and MSME lending franchise

Glenmark receives US FDA approval for Fluticasone Propionate Nasal Spray

Glenmark's Fluticasone Propionate Nasal Spray is bioequivalent and therapeutically equivalent to Flonase Nasal Spray of Haleon US Holdings LLC

SMBC investment strengthens Yes Bank's institutional positioning: Lender

SMBC's 24.9 per cent stake brings strategic value through enhanced corporate banking capabilities, governance practices, risk management and cross-border opportunities

NCLT lets SpiceJet lessor withdraw IBC plea, imposes ₹15 lakh costs

Tribunal directs SpiceJet and aircraft lessor Aviator ML to pay Rs 7.5 lakh each after they reached a settlement following reservation of the matter for orders

Bagmane Prime Office Reit aims to nearly double portfolio in 7-8 years

Bagmane Prime Office Reit plans to nearly double its portfolio in seven to eight years, backed by a 47.2-msf sponsor pipeline and strong GCC-led office demand.