Page 365 - Company News

French company Accor Hotels aims to have 300 hotels in India by 2030

Currently, Accor Hotels has 71 operating hotels in India, with 40 hotels in its pipeline.

Dixon to set up ₹1,000 crore laptop manufacturing unit in Tamil Nadu

On Wednesday, a memorandum of understanding was signed between Dixon Technologies and the government of Tamil Nadu for setting up a state-of-the-art manufacturing facility at Oragadam near Chennai

JSW Neo Energy acquires 4.7 GW green energy platform from O2 Power

Following the acquisition, the company will have a steady state EBITDA generation of Rs 1,500 crore from 2,259 MW capacity (likely to be operational by June 2025)

Audio giant Bose invests Rs 173 cr in India's wearables brand Noise

This funding follows Bose's initial investment in Noise's maiden funding in December 2023, wherein Noise reportedly raised USD 10 million at a valuation of USD 420 million from the American brand

Bank of India, UCO Bank cut lending rate in line with RBI's policy

Both public sector banks, in separate regulatory filings, said the rate revision has been done following the RBI's reduction in the short-term lending rate

Asset valuer selected for IDBI Bank; govt finalising share pact: Dipam secy

Talking to reporters, Chawla said the Department of Investment and Public Asset Management (DIPAM) is 'moving ahead' with IDBI Bank strategic sale as per government decision

Infosys expands partnership with AIB to drive digital transformation

AIB Group Chief Technology Officer Graham Fagan said the extended collaboration seeks to progressively modernise the firm's technology and data capabilities

98% of all PCs will be AI-enabled by 2028, predicts Dell executive

Talking to PTI, Senior Director and General Manager of Client Solutions Group at Dell Technologies India, Indrajit Belgundi said AI PC adoption is significantly growing across all age groups

Waaree Renewable Tech debuts successfully on NSE, boosts growth prospects

Waaree Renewable Technologies Ltd (NSE: WRTL) is a solar EPC (engineering procurement construction) and renewable energy company

Ather Energy cuts IPO size by 25% to ₹3,000 crore, delays launch to May

Ather goes ahead with IPO despite global volatility and market slump triggered by Trump's tariff shock; valuation also revised downward

Realty advisory firm Grahm aims to invest about Rs 100 cr by FY26

Company to hire 300 employees, expand in 7 cities after Bengaluru

Dixon Tech to build ₹1,000 cr unit near Chennai, create 5,000 new jobs

As per the MoU, Dixon Technologies will set up the facility at the Indospace Industrial Park in Oragadam, located about 45 km south of Chennai

IndiGo, Accor to collaborate on loyalty programmes for flyers, guests

Both IndiGo and global hospitality major Accor offer their loyalty programmes- IndiGo Bluechip and ALL-Accor Live Limitless,-- to their customers, providing multiple benefits

RBI's rate cut to cushion economy amidst global turmoil, says India Inc

MPC's decision to reduce the repo rate to 6 per cent and adopting accommodative stance will provide a cushion to Indian economy from adverse effects of global economic uncertainty

IRB Infra reports 23% rise in toll revenue at Rs 6,360 cr in FY25

Revenue from the toll collection business stood at Rs 5,169 crore in the preceding 2023-24 fiscal year, IRB said in an exchange filing on Tuesday

Prestige Group announces residential launches with GDV of Rs 16,133.8 cr

The Group's launches spanned key cities such as Bengaluru, Mumbai, and Hyderabad, covering a total developable area of 14.03 million square feet and comprising 4,548 units

Mahindra Aerostructures to make fuselage for Airbus H130 choppers in India

The company and Airbus have entered into a contract for making the fuselage for H130 helicopters, and the first fuselage is expected to be delivered in the first quarter of 2027

IBM to set up AI-focused Software Lab in Lucknow to boost tech, jobs

The lab will focus on developing AI-powered solutions using Large Language Models (LLMs) and Small Language Models (SLMs) to address the evolving needs of businesses in India and globally

Ola Electric ropes in EY to strengthen regional compliance amid expansion

As part of this transition, Ola Electric is eliminating the intermediate warehousing layer, allowing vehicles, spare parts, and accessories to be shipped directly from the factory to stores

India continues to be a priority market for Wyndham Hotels and Resorts

Currently, it has nine operational hotel brands in India, with Ramada being its leading brand in terms of demand