Page 371 - Company News

OpenAI close to finalising $40 bn SoftBank-led funding at $300 bn valuation

The deal is set to value the company at $300 billion including dollars raised - almost double the ChatGPT maker's previous valuation of $157 billion from when it raised money in October

Rapido aims to onboard 200,000 women bike captains in three years

The ride-hailing Unicorn said the move was part of its 'Pink Mobility' initiative to create employment opportunities for women

JAL's valuation may be hit after HC okays sports city land cancellation

Bankrupt real estate company has got bids from 24 parties for the sale of its assets

Insider trading glare on senior IndusInd Bank officials. What do rules say?

Between May 2023 and June 2024, IndusInd Bank CEO Sumant Kathpalia sold nearly 950K shares valued at approximately Rs 134 cr, while Dy CEO Arun Khurana sold 550K shares worth around Rs 82 cr

Cognizant looks to break into top four IT services companies by 2027

Company focusing on AI and training employees to regain leadership position, says annual report

Krafton acquires controlling stake in Nautilus Mobile for Rs 118 crore

Company's decision to acquire a controlling stake follows its initial investment of Rs 40.5 cr in Nautilus in 2022. The Pune-based game studio has developed the cricket gaming franchise Real Cricket

Jindal Stainless mulls ₹40,000 cr investment for new plant in Maharashtra

The proposal, with an estimated investment of Rs 40,000 crore, is scheduled to be developed over the next 10 years, which is expected to create more than 15,000 jobs

ONGC Videsh expects headway in Mozambique offshore LNG project rollout

Covering 2.6 million acres, the Mozambique Rovuma Area-1 Offshore project will see integrated gas fields development and has estimated recoverable reserves of 75 trillion cubic feet of natural gas

Saudi Aramco in talks to invest in planned refineries of BPCL, ONGC

Aramco is in separate talks to invest in Bharat Petroleum Corp's (BPCL) planned refinery in the southern state of Andhra Pradesh and a proposed Oil and Natural Gas Corp (ONGC) refinery

Trump's auto tariffs boost car rental demand; Hertz and Avis shares surge

The new levies could add thousands of dollars to the cost of an average vehicle in the United States

Airtel lands India's 20th undersea cable to connect with Africa, Europe

System is part of 45,000 km-long '2Africa', which will be the world's longest cable once completed

Preity Zinta got ₹1.55 cr loan remission from New India Coop Bank: Cops

The Economic Offences Wing (EOW) of the Mumbai police is probing the New India Co-operative Bank embezzlement case

ICICI MF, Morgan Stanley, 6 others buy 1.6% stake in MaxFin Services

DSP MF, Kotak Mahindra Life Insurance, Copthall Mauritius Investment, and Oxbow Master Fund were also among the entities who picked up 5.5 million shares or 1.59% stake in Max Financial Services

Jubilant upbeat on demand momentum, targets 3,000 Domino's stores by 2028

The company has started seeing tailwinds in both deliveries and dine-in, with like-for-like (LFL) sales growing by 12.5 per cent year-on-year

BIS intensifies crackdowns e-comm warehouses, seizes substandard products

Earlier this week, officials conducted a search and seizure operation at the warehouse of Amazon Sellers Pvt Ltd, located in the Mohan Cooperative Industrial Area in Delhi

AM/NS India commissions first scrap unit, plans three more by FY26

By processing scrap at its own facilities, AM/NS India hopes to enhance material quality and yield while reducing conversion and logistics costs, and formalising the scrap industry

Jubilant Foods aims 3,000 Domino's stores, 250 Popeyes outlets in 3 years

The Jubilant Bhartia Group company is focusing on smaller tier III towns and entering into new markets for Domino's

Orkla India revamps board, appoints 4 non-executive independent directors

The newly appointed directors include Rashmi Joshi, Amit Jain, Shantanu Khosla and Meena Ganesh, the company said in a release

Harish Duhan takes over as SECL's CMD, aims for growth & innovation

The Public Enterprises Selection Board (PESB) had recommended his name for the top post at SECL on December 7, last year, the company said in a statement

Adani restores power supply to Bangladesh as regular payments resume

Adani Power Ltd had halved electricity supply to Bangladesh from its 1,600 megawatt coal-fired plant in Jharkhand in November following a series of missed payments by Dhaka