Page 356 - Company News
Zydus Medtech signs deal with Brazil's Braile Biomedica for TAVI technology
To commercialise transcatheter aortic valve system in India, Europe and other select markets
 "Zydus Medtech signs deal with Brazil's Braile Biomedica for TAVI technology")
Narayana Murthy's 17-mth-old grandson earns ₹3.3 cr from Infosys dividends
Narayana Murthy's 17-month-old grandson Ekagrah Murty is set to receive ₹3.3 crore from Infosys dividends, entering India's youngest millionaire club
 "Narayana Murthy's 17-mth-old grandson earns ₹3.3 cr from Infosys dividends")
Infosys lays off 240 trainees who failed to clear training programme
The layoff comes a day after the IT major announced its plan to hire 20,000 fresh engineering graduates this fiscal year amid prediction of weaker than expected revenue growth
 "Infosys lays off 240 trainees who failed to clear training programme")
NFL to pick 18% stake for Rs 572 cr in JV to set up urea plant in Assam
NFL will have an 18 per cent stake in the joint venture, which is being incorporated. The cost of acquisition of the 18 per cent shareholding is estimated at Rs 572.45 crore
 "NFL to pick 18% stake for Rs 572 cr in JV to set up urea plant in Assam")
ED attaches ₹121.8 crore assets in Neomax Properties money laundering case
ED's Chennai zonal office is attached to movable and immovable properties in various locations across Tamil Nadu. The market value of the attached properties is around Rs 600 cror
 "ED attaches ₹121.8 crore assets in Neomax Properties money laundering case")
ICICI Prudential Life receives ₹3.67 crore tax order from GST authorities
On July 2, 2024, Central Goods and Service Tax (CGST) authorities in Mumbai had passed an order in this regard
 "ICICI Prudential Life receives ₹3.67 crore tax order from GST authorities")
Coal India arm SECL signs Rs 7,040 crore pact with TMC Mineral Resources
Under this agreement, large-scale coal production will be carried out using paste filling technology at the Singhali underground coal mine in SECL's Korba area
 "Coal India arm SECL signs Rs 7,040 crore pact with TMC Mineral Resources")
Sundaram Home Finance launches K'taka branch, eyes ₹900 cr loan disbursals
Commenting on the expansion in Karnataka, Sundaram Home Finance Managing Director D Lakshminarayanan said in a company statement on Friday
 "Sundaram Home Finance launches K'taka branch, eyes ₹900 cr loan disbursals")
NCLAT sets aside BCCI and Riju Raveendran's plea on Byju's settlement
A two-member Chennai bench of the NCLAT comprising Justice Rakesh Kumar Jain and Jatindranath Swain upheld the directions passed by the NCLT
 "NCLAT sets aside BCCI and Riju Raveendran's plea on Byju's settlement")
Kolte-Patil Q4 sale bookings fall 15% to Rs 631 crore on lower volumes
Sale bookings in volume terms fell 23 per cent to 0.8 million square feet during January-March quarter of 2024-25 from 1.03 million sq ft in the corresponding period of the preceding year
 "Kolte-Patil Q4 sale bookings fall 15% to Rs 631 crore on lower volumes")
Crisis deepens as more directors resign amid Gensol fund diversion case
Gensol crisis: The fallout stems from a Sebi order accusing Anmol Jaggi and his brother Puneet of misusing public funds
 "Crisis deepens as more directors resign amid Gensol fund diversion case")
EV maker Wardwizard slashes price of e-scooter range by Rs 13,000
The company, which sells electric two-wheelers under the Joy brand, has taken the step to accelerate EV adoption across the country
 "EV maker Wardwizard slashes price of e-scooter range by Rs 13,000")
ED attaches Rs 121.8 cr worth assets of Neomax Group in Rs 8,000 cr scam
The attached properties, located across Tamil Nadu, have an estimated market value of around Rs 600 crore
 "ED attaches Rs 121.8 cr worth assets of Neomax Group in Rs 8,000 cr scam")
IT major Wipro to remain cautious on fresher hiring in this fiscal
Voluntary attrition rose to 15 per cent from 14.2 per cent a year earlier
 "IT major Wipro to remain cautious on fresher hiring in this fiscal")
Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO
The banking and financial services sector - which makes up nearly a third of revenue for India's biggest software exporter - remains unaffected, said the CEO
 "Retail, travel clients more exposed to US tariffs turmoil, says TCS CEO")
US agency probes bias claims against TCS on race, age, national origin
An EEOC spokesperson, citing federal law, said the agency cannot comment on investigations. Complaints, or charges, made to the EEOC are confidential under federal law.
 "US agency probes bias claims against TCS on race, age, national origin")
IT major Infosys to hire 20,000 fresh engineering graduates in FY26
It remains to be seen how this hiring will pan out, which will largely depend on project ramp-ups and more deal inflows. Any further deterioration may force the companies to proceed with caution
Vodafone Idea suffers outage in Delhi, Mumbai; services restored now
Vodafone Idea faced a major outage in Delhi, Mumbai, Pune and NCR in the early hours of April 18. Services have now been restored, the company said
 "Vodafone Idea suffers outage in Delhi, Mumbai; services restored now")
IT major Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh
These stock incentives are under various heads including ESG and equity, and add up to over Rs 51 crore
 "IT major Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh")
Not just Ashneer Grover: BluSmart had Dhoni, Deepika Padukone as investors
A number of celebrities and high-profile investors, including MS Dhoni, Deepika Padukone, Sanjeev Bajaj, and Ashneer Grover, had backed the EV startup now under Sebi scrutiny
 "Not just Ashneer Grover: BluSmart had Dhoni, Deepika Padukone as investors")