Page 375 - Company News

PhonePe joins hands with top insurers, launches low-cost motor insurance

PhonePe is offering two-wheeler insurance with an "Own Damage Cover" starting at just Re 1 on its app

Lab-grown diamond jewellery brand Firefly raises $3 mn in funding

Seed funding rounding for business expansion was led by WestBridge Capital

PwC may submit report on IndusInd's accounting discrepancies on Mar 28

As per an estimate, Rs 2,100 crore discrepancy in accounting may impact 2.35 per cent of the bank's net worth

HIL Limited rebrands as BirlaNu, unveils $150 mn global expansion plan

BirlaNu plans a $150 million investment to reach $1 billion revenue by 2028, focusing on expanding production, boosting sustainability, and introducing innovative building solutions

L&T-Cloudfiniti partners with three AI startups to drive digital innovation

The partnerships have been established with Hanooman AI, CoRover, and Pidima AI

SMFG India Credit raises $175 mn via foreign loan for lending operations

The funds have been borrowed through a syndicated loan and will be used for regular lending operations

Ola Electric settles dues with Rosmerta Group, NCLT pleas withdrawn

On Tuesday, Ola Electric announced that all outstanding dues have been amicably settled, resulting in Rosmerta filing for the withdrawal of the insolvency petitions from the NCLT

StanChart boosts private credit presence with 3 new hires in India

StanChart recently hired former UBS Group AG's Ankit Raghav as director for its leveraged and acquisition finance, and private credit team

Zepto in negotiations for $250 million secondary sale ahead of IPO

The private equity arms of Motilal Oswal Financial Services Ltd. and Edelweiss Financial Services Ltd. are in discussions with the Bangalore-based startup to buy shares in the secondary sale

Shapoorji Pallonji Energy appeals to Brazil on Petrobras-cancelled tender

A delegation for the offshore infrastructure company was in Rio de Janeiro and the capital Brasilia last week as it seeks to reverse Petrobras' decision

BYD's sales soar as Chinese auto giant captures world's attention

Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31

Vikram Sahu to take over as Bank of America's India country executive

Appointment subject to RBI approval; Sahu will lead the India team, deliver strategic growth plans, regulatory engagement, and governance

M&M in talks to acquire Sumitomo Corporation's stake in SML Isuzu

Sumitomo holds 44% in SML Isuzu; current stake valued at Rs 1,100 cr; deal may happen at a discount to current trading price

Operations at Jhagadia plant disrupted due to strike, says Britannia

The company is in continuous discussions with workers to resolve the strike, which began on Monday, the company said in an exchange filing

DIC India pays Rs 34.32L to settle disclosure norm violation case with Sebi

DIC India, a manufacturer of printing inks and allied products, had filed suo motu settlement applications in terms of the Sebi's (Settlement Proceedings) regulations

Tata Capital raises Rs 1,500 crore from Tata Sons, IFC via rights issue

The company will use the proceeds for further lending and to improve its leverage ratios

Waiting on the plane for hours: Former Aussie batter Warner slams Air India

Given that you don't have any pilots for the aircraft, why would you still board passengers? Warner took to social media platform X to vent his frustration.

Brigade buys 4.4 acre land in Bengaluru, tragets Rs 950 crore revenue

Pavitra Shankar, Managing Director of Brigade Enterprises, said this land acquisition will enhance its portfolio

Hero Realty appoints Rohit Kishore as its new Chief Executive Officer

Kishore has over 21 years of experience in the real estate industry, Hero Realty said in a statement on Monday

Singapore's Temasek seeks CCI nod to acquire 10% stake in Haldiram

Temasek will acquire a stake in India's largest packed snack and sweets company and restaurant operator Haldiram Snacks Food through its arm Jongsong Investments Pte