Page 39 - Company News

BoB CEO calls for higher investment in cyber security as threats mount

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy

LOHUM targets 30,000 tonnes lithium carbonate output from Zimbabwe assets

The critical minerals company has begun mining across 10 spodumene-bearing blocks and plans to refine the material in India as part of an integrated battery-materials supply chain

APSEZ secures bid to develop, operate two dry bulk berths at Paradip

The 30-year PPP concession will add 18 MMT of capacity to APSEZ's portfolio and strengthen its presence across India's East Coast industrial and mineral hinterland

India lifts ban on JPMorgan Chase & Co unit in index manipulation charge

While the regulator has allowed both entities to trade in India's capital markets, its investigation into the alleged market manipulation will continue.

Amazon to raise over $5 bn in first sterling bond sale, lead managers say

Amazon saw over 12 billion pounds in demand for the four-part deal, ​which will is expected to raise 1 billion pounds each from 3-, 6-, 12- ‌and 19-year bonds

Paras Dairy, KIS Group to set up 10 BioCNG plants with ₹1,000 cr investment

Bengaluru-based KIS Group and Paras Dairy will form a joint venture to set up 10 BioCNG plants with an investment of Rs 1,000 crore.

SFIO recommends detailed probe into Xiaomi's business, FDI compliance

The recommendation said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments

L&T secures up to ₹5,000 cr offshore order for west coast energy projects

The order covers development of the Ratna-I and NLM-14 projects off India's west coast, including new platforms, subsea pipelines and brownfield modifications

PwC India, Claroty form alliance to boost cybersecurity for critical infra

The alliance is intended to help organisations enhance resilience, strengthen visibility across connected assets, and respond to a rapidly evolving threat landscape.

QNu Labs raises ₹200 crore as demand for quantum-safe security builds

The funding will support technology development and global expansion as governments and enterprises prepare for a shift towards quantum-safe cybersecurity infrastructure

TCS launches fully automated Pune facility to advance AI-led manufacturing

A lights-out factory refers to a manufacturing facility where autonomous systems operate production lines with minimal human intervention

Axis Bank may split staff across Mumbai as it rebuilds headquarters tower

The lender has failed to find a single office large enough for the roughly 3,000 people currently housed at the eight-storey Axis House building in Worli

Adani plans $2.5 bn refinancing in India's biggest offshore loan this year

Endeavour Trade and Investment Ltd., a Mauritius-based special purpose vehicle owned by Adani family, aims to raise $1.5 billion through a bridge loan with a tenor ranging from 18 months to 24 months

Jio Payment Solutions launches cross-border payments for Indian exporters

The Jio Financial Services Limited subsidiary said the launch follows authorisation from the RBI to operate as a Payment Aggregator for Cross-Border transactions

L&T secures large offshore order from ONGC for west coast projects

L&T Energy Hydrocarbon Offshore has secured a ₹2,500-5,000 crore order from ONGC for additional development of the Ratna-I and NLM-14 offshore projects off India's west coast

Adani Airports to raise $1 billion from Temasek, BlackRock, Premji Invest

Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds will invest in three tranches; investors will collectively hold about 5.54 per cent in AAHL

JSW, Skoda-Volkswagen sign MoU for 51:49 India JV, deal by December

The proposed JSW-Skoda Volkswagen venture will cover mass-market ICE, hybrid and electric vehicles, with a binding agreement targeted by December

Paytm bets on workplace AI agents as it looks beyond payments for growth

The company will start selling AI agents to enterprise customers, betting on rising demand for such bots that can automatically handle a variety of workloads and tasks with minimal supervision

Coforge chairman resigns after audit finds concerns in board evaluation

Bhatt, who previously served as chairman of India's largest lender, State Bank of India, was appointed chair of Coforge's board in 2024 with a term due to finish in April 2027

Kuku Technologies plans 1,000 hires for AI-powered content production

The mobile-content company is building an AI-native production unit to cut costs and accelerate the creation of micro-dramas for India and global markets