Page 390 - Company News

Aster DM promoters reduce share pledge to 41% for debt refinancing

"This milestone also reinforces trust among our stakeholders, investors, and partners as we continue to expand our footprint in India," added Moopen

India must adopt frugal innovation in AI like DeepSeek: Mohandas Pai

Pai highlighted that Indian companies should focus on developing vertical large language models (LLMs) for domains like financial services, healthcare, and high-tech manufacturing

BSNL, MTNL raise Rs 12,984 crore from asset monetisation since 2019

BSNL has earned Rs 2,387.82 crore and MTNL Rs 2,134.61 crore up to January 2025 from monetisation of lands and buildings

JLR-Tata plant in Tamil Nadu will reach peak capacity in 5-7 years: TaMo

The company further added that the specific models and production timelines will be aligned with Tata Passenger Electric Mobility (TPEM) and JLR broader strategy and market requirements.

Only 1 in 6 corporate flyers in 2024 was a woman; Mumbai leads among metros

Among metropolitan cities, online travel aggregator MakeMyTrip indicates, Mumbai recorded the highest percentage of female corporate flyers at nearly 19%, followed by Delhi (18%) and Bengaluru (17%)

Jaguar Land Rover shelves plan to build EVs at Tata's Tamil Nadu plant

The British luxury car unit was unable to find the right price-quality balance for locally sourced EV parts

PFC board okays Rs 1.4 trn borrowing, Rs 3.5 per share interim dividend

Board of Directors of Power Finance Corporation Ltd. (PFC), in its meeting held on March 12, 2025, approved a total borrowing of Rs 1,40,000 crore for 2025-26, a regulatory filing stated

Airtel's Sunil Mittal lauds telco-satellite partnership after SpaceX deal

Expressing his confidence in the industry, Mittal also said that the telecom sector would similarly embrace satellite technology to embrace advancements like 4G and 5G

Government not privatising telecom firms BSNL and MTNL, says minister

In February, the Union Cabinet reportedly approved Rs 6,000 crore (Rs 60 billion) towards 4G network expansion of MTNL and BSNL

Glenmark launches Empagliflozin for diabetes in India under Glempa brand

The medications are designed to improve glycemic control in adults with type 2 diabetes mellitus while also reducing cardiovascular outcomes in patients with cardiovascular risk

Saving about Rs 90 cr per month from cost-cut measures, says Ola Electric

Ola Electric, in which the SoftBank Group has a significant stake, reported a wider quarterly loss of Rs 564 crore in the October-December quarter as it offered heavy discounts to lure customers

CG Power gets nod for $36 mn deal to acquire Renesas Electronics business

Earlier in October, CG Power had inked a pact to acquire the Radio Frequency (RF) components business of Japan-based Renesas Electronics Corporation for a cash consideration of $36 million

Govt is planning to sell 2-3% LIC stake in FY26, may seek extension

The LIC stake sale may be split into two rounds for better value, with the government likely to seek an extension if market conditions turn unfavourable

Vedanta repays $900 mn loan, deleverages balance sheet by $550 mn

The loan, taken by subsidiary THL Zinc Ventures in May 2023 at 13.9 per cent interest, was partly repaid using funds from Vedanta's $1 billion June 2024 QIP

Rapido eyes entry into food delivery; to disrupt Swiggy, Zomato's duopoly

It is worth noting that Rapido on behalf of Swiggy already does food delivery, as the latter is an investor in the ride-sharing startup

Temasek acquires 10% stake in Haldiram's snacks business for $1 billion

The sale is one of the largest recent transactions in India's FMCG sector and could pave the way for more foreign investment in the industry

Tata's Tanishq expands US presence with new stores in Seattle, Atlanta

Tanishq opened its fifth and sixth US stores in Redmond, Washington and Cumming, Georgia, respectively, marking a significant milestone in its North American expansion

After Airtel, Jio inks pact with SpaceX for Starlink internet in India

Jio Platforms Limited partners with SpaceX to bring Starlink internet to India, a day after rival Bharti Airtel signed a similar deal

Razorpay eyes group profitability ahead of IPO plans, expands to Singapore

The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay

Sustainability Summit: Swiggy to drive all-electric fleet by 2030

On an annual basis, the company aims to reduce perishable waste in direct operations by 25 per cent and decrease adverse incidents by 10 per cent