Page 40 - Company News

Jio-bp, DRIVN in pact to explore charging solutions for commercial EV fleet

It brings together DRIVN's commercial EV leasing capabilities and Jio-bp's charging network to address the evolving needs of fleet operators and support the expansion of commercial electric mobility

Ferrero Rocher eyes double-digit India growth, bets on premiumisation

Chocolate maker aims to outpace the domestic market this festive season, backed by premiumisation, wider retail distribution and demand across gifting occasions

'Credit card growth will come from credible, smaller banks beyond top 5'

Gautam Aggarwal explains the opportunity for credit cards in the country, elucidates his strategy on services, and addresses his thoughts on a potential linkage to home grown payments network UPI

Minda Corp targets ₹1,500 cr export, eyes growth in electric vehicles

The auto-component maker expects global growth to be led by instrument clusters, wiring harnesses, EV components and electronics as it increases four-wheeler penetration

Adani leads ₹37,500-cr coal gasification scheme with three urea bids

Centre's coal gasification scheme receives seven applications in its first bidding round, with four projects targeting urea production and others focused on syngas and DRI

Cards a key proposition in the affluent segment, says Suresh Sethi

Suresh Sethi, who took charge as Visa's group country manager for India & South Asia in April this year, addresses the growth challenge for cards amid the growing dominance of UPI

Jefferies sees $60-bn defence opportunity, starts coverage on two firms

Brokerage expects domestic defence capital expenditure to grow at a 16% CAGR through FY30 and initiates coverage on Solar Industries and Astra Microwave with 'Buy' ratings

Reliance plans first local debt sale after 3 years with $1.32 bn fundraise

The oil-to-telecom conglomerate plans to raise ₹12,500 ‌crore through a sale ​of five-year notes, at ​an annual coupon of 7.47%, and is set to invite bids ​from investors in the week ending Sept 18

India's ecommerce market looks at AI to drive next leg of growth

Executives says customer relevance, responsive supply chains are key

Centre restores 'Sahara Refund Portal' to process 2 million pending claims

The refund mechanism remains digital, paperless and verification-based, with claims processed through Aadhaar e-KYC and matching of depositor, membership and bank-account details with society records

HCLTech launches ₹185 crore advanced semiconductor lab in Bengaluru

The 40,000-square-foot facility will offer post-silicon engineering, advanced testing and failure analysis, supporting HCLTech's semiconductor solutions for global customers

IGM appoints Nirakar Chand as MD of bullion trading platform BullionX

India Gold Metaverse (IGM) on Tuesday announced the appointment of Nirakar Chand as Managing Director of its bullion trading vertical 'BullionX'.

Meta ran hundreds of ads showing AI child sexual abuse, NGO says

The ads collectively reached more than 29,000 people and typically used artificial intelligence to depict young children being molested, TTP said

JioBlackRock AMC eyes ₹25,000 cr AUM target by FY27, launches new fund

JioBlackRock AMC announced the launch of the JioBlackRock Balanced Advantage Fund on Tuesday, stating that its AUM have crossed Rs 22,000 crore, up from nearly Rs 16,000 crore in March.

NMDC implements wage revision for non-executives from January 2022

Revised structure provides for 100 per cent DA neutralisation, a 15 per cent minimum guaranteed benefit and perks at 30 per cent of basic pay under Cafeteria Approach

EBay probes how gender-test kits were available in India, listings removed

"EBay has controls in place intended to prevent certain gender-prediction products from being visible in India," it added.

Sun Pharma gets ratings boost from Moody's, S&P over $11.75-bn Organon bid

Rating agencies Moody's and S&P assigned investment-grade ratings to Sun Pharmaceutical Industries over the proposed USD 11.75-billion acquisition of US-based Organon & Co.

Bajaj Finance acquires 5% stake in AI video platform TrueFan AI

Investment builds on an existing commercial relationship under which Bajaj Finance has deployed TrueFan's platform to generate millions of personalised videos

Amazon India seller base tops 2 million ahead of festive season

More than 300,000 sellers joined the marketplace in the 15-18 months as Amazon lowers fees and expands AI tools and fulfillment services

Zomato's healthy food orders rise to 7.5% as younger users drive adoption

Healthy dishes now account for 7.5% of orders on Zomato, up from 5.3% two years ago, with users below 25 recording faster growth in adoption than older customers