Page 388 - Company News

L&T signs pact with ACWA Power to build desalination plant in Saudi Arabia

The water and effluent treatment business of L&T won the order in a joint venture with Lantania of Spain

Ola Electric offers Holi discounts of up to Rs 26,750 on S1 e-scooters

The company is also offering discounts of up to Rs 25,000 on the rest of its S1 range, including all the scooters from its latest S1 Gen 3 range

Ex-CEO's daughter Shruti Shibulal ups Infosys stake with ₹469 cr share buy

Co-founder and former CEO SD Shibulal's daughter Shruti Shibulal acquired 2.98 million shares at an average price of ₹1,574 per share

Indus Appstore to come pre-installed in all new Xiaomi smartphones in India

This multi-year alliance with Xiaomi India fosters a localised digital ecosystem tailored for Indian consumers

Muthoot insurance arm's CEO, ex-executive accused of ₹12 cr gift card fraud

The alleged fraud took place between April 2023 and November 2024, resulting in a notional revenue loss of ₹31.28 crore

Ladhani Group to invest Rs 3K cr on hotel biz to triple room keys to 1,500

The group, which signed agreements with the Taj group for its two upcoming properties at Haridwar and Ayodhya, is also in discussion with other international chains

Coromandel International to acquire 53% stake in NACL for Rs 820 crore

Proposed acquisition will position Coromandel as one of the leading players in Indian crop protection industry

Vedanta promoters to retain over 50% stake in all demerged entities

Vedanta Resources Chairman Anil Agarwal says promoters will retain over 50% stake in each demerged entity; debt reduction to $3 billion targeted by FY27 without stake dilution

SBI to launch project finance unit for AI, fintech, e-commerce industries

The public sector bank plans to complete the project within a year and will hire specialised professionals to staff it

Nandan Nilekani's master key to help unlock India's $8 trillion future

Nilekani believes the combination of AI, smartphones will help unlock digital access, but challenges like income disparity remain; Nilekani's 'The Great Unlock' aims to overcome these barriers

IndiGo's parent firm approves $45 million investment in IFSC subsidiary

In one or more tranches, the investment of "up to Rs 3,940 million ( $45 million approximately)", will be made in the IFSC subsidiary, according to a regulatory filing

ArcelorMittal Nippon sues India over raw material import as fight escalates

ArcelorMittal Nippon has already warned New Delhi privately that it may have to severely curtail steelmaking and delay any expansions due to the curbs

NCLT grants 8-day extension for Reliance Capital's ownership transfer

The Mumbai-bench of NCLT heard the matter and a joint status update was given by the committee of creditors, administrator, and IIHL on the progress of the implementation of the resolution plan

Coromandel Int'l buys 53% stake in agro-chemical firm NACL for Rs 820 cr

Coromandel International, one of the leading agri-solutions providers, has signed definitive agreements to acquire majority stake in NACL Industries

Narayana Murthy warns against AI hype in India, urges startups to aim big

Says innovation & job creation will vanish poverty, not freebies

Google introduces new AI models for rapidly growing robotics industry

The robotics field has made large strides over the past few years with increasing advancements in AI and improving models, speeding up commercialization of robots largely in industrial settings

Binny Bansal unveils new venture Opptra to tap consumer brand growth

At Opptra, Bansal aims to empower brands to unlock global growth and thrive in the ever-evolving, digitally disrupted retail landscape

Syneriq Global opens AI GCC in Hyderabad, aims for $150 million revenue

Additionally, the group launched a new AI platform, Zyrix, focused on driving innovation and advancing product engineering

Qcom platform Swiggy Instamart to deliver Crocs footwear in 10 minutes

Initially, customers will be able to order the footwear across major cities, including Mumbai, Bengaluru, Delhi, and Gurugram

Indians at forefront of Riyadh Air's 1.4 mn job applications: CEO Douglas

He mentioned that almost 93 per cent of the air traffic between India and Saudi Arabia is point-to-point, and there is a huge scope of increasing flight frequencies between the two nations