Page 379 - Company News
Lighthouse Canton plans $150-$200 mn second VC fund, eyes India growth
This comes after closing its first VC equity fund at $50 million and an ongoing second close for its $75 million venture debt fund
 "Lighthouse Canton plans $150-$200 mn second VC fund, eyes India growth")
JSW to set up 0.5 MMT capacity copper smelter in Odisha by 2028-29
In January, JSW said it was foraying into the copper business with a Rs 2,600 crore ($301.22 million) investment to operate two copper mines from Hindustan Copper for a period of 20 years
 "JSW to set up 0.5 MMT capacity copper smelter in Odisha by 2028-29")
Air India in talks for dozens of new widebody jets from Airbus, Boeing
The deliberations involve 30 to 40 aircraft split between the Airbus A350 and Boeing 777X models
 "Air India in talks for dozens of new widebody jets from Airbus, Boeing")
Ola Electric under govt scanner over sales, registration discrepancies
Ola Electric is under government scrutiny as officials probe a major gap between its reported sales of 25,000 scooters and 8,600 actual registrations in February
 "Ola Electric under govt scanner over sales, registration discrepancies")
HaveUs Aerotech gets EASA nod for facilities in Delhi, Gurugram, Bangalore
HaveUs recently obtained approval from DGCA to offer maintenance services for Unit Load Devices and pallets at its Delhi facility
 "HaveUs Aerotech gets EASA nod for facilities in Delhi, Gurugram, Bangalore")
Inside Akasa Air's struggles with Boeing delivery delays and idle pilots
The Mumbai-based low-cost airline, Akasa Air, which started operations about three years ago, has a fleet of 27 planes, but has 226 jets - all Boeing 737 MAXs - on order
 "Inside Akasa Air's struggles with Boeing delivery delays and idle pilots")
Ireda to raise Rs 1,247 crore via first-ever issue of perpetual bonds
The issuance of perpetual bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infra
 "Ireda to raise Rs 1,247 crore via first-ever issue of perpetual bonds")
Adani, Emaar said to be discussing deal structure for $1.4 bn India unit
Adani family and Emaar are discussing the structure of a transaction, which could include an unlisted Adani unit infusing about $400 million in equity
 "Adani, Emaar said to be discussing deal structure for $1.4 bn India unit")
Renault India to hike prices of entire model range by up to 2% from April
The decision comes in response to the constantly increasing input costs that the company has been absorbing for a significant period
 "Renault India to hike prices of entire model range by up to 2% from April")
UK-based Prudential Plc to set up health insurance JV with HCL Group
Prudential Group Holdings Ltd, UK Subsidiary of Prudential Plc will own 70 per cent stake in the venture while Vama will hold the remaining 30 per cent
 "UK-based Prudential Plc to set up health insurance JV with HCL Group")
Global Capability Centers salaries poised to grow 9.8% over next 12 months
The strong salary growth spans across junior and mid-level roles, fueled by demand in fields like AI, ML, Cloud Computing, and Cybersecurity
 "Global Capability Centers salaries poised to grow 9.8% over next 12 months")
New order inflows in Q4 tepid so far for engineering, capital goods
According to Antique Stock Broking, for February, projects awarded remained flat year-on-year (Y-o-Y) at Rs 56,000 crore
 "New order inflows in Q4 tepid so far for engineering, capital goods")
Nvidia looks to expand AI reign with new chips, personal supercomputers
At the event, Huang unveiled more powerful chips and related technology that he said would provide a clearer payoff to customers
 "Nvidia looks to expand AI reign with new chips, personal supercomputers")
Trump Organisation to foray into Indian commercial real estate sector
"Estimated to be finished by 2029, the 1.6 million square feet centre is expected to generate sales exceeding Rs 2,500 crore," Kalpesh Mehta, founder of Tribeca developers told Business Standard
 "Trump Organisation to foray into Indian commercial real estate sector")
Tourism New Zealand signs JV agreements with nine Indian travel companies
Air New Zealand, Air India sign a MoU to boost air connectivity between the two countries
 "Tourism New Zealand signs JV agreements with nine Indian travel companies")
Air India enters into codeshare partnership with Air New Zealand
On Wednesday, both airlines signed a memorandum of understanding (MoU) to boost air connectivity between the two countries
 "Air India enters into codeshare partnership with Air New Zealand")
Saudi Aramco-backed Cognite opens AI services centre in Bengaluru
Cognite makes software that allows companies to improve the operations and safety of industrial installations, such as oil and gas platforms
 "Saudi Aramco-backed Cognite opens AI services centre in Bengaluru")
Google charged with breaching EU rules, Apple told to open up to rivals
The move by the European Commission came amid tensions with US President Donald Trump who has threatened to levy tariffs against countries which impose fines on US companies
 "Google charged with breaching EU rules, Apple told to open up to rivals")
Aakash launches new platform Aakash Digital to strengthen online footprint
AESL aims to establish 50 studios for teachers to facilitate online learning. Currently, 27-28 studios have been established, with the remaining set to be active by the end of the month
 "Aakash launches new platform Aakash Digital to strengthen online footprint")
In talks with satcom operators including Starlink, says Vodafone Idea
The announcement comes on the heels of Reliance Jio and Bharti Airtel signing pacts with the US giant to offer its satellite internet services in India
 "In talks with satcom operators including Starlink, says Vodafone Idea")