Page 404 - Company News
Will Byju's employees ever get their unpaid salaries? What CEO has to say
Byju CEO Byju Raveendran assures unpaid employees that salaries will be cleared 'not immediately, but eventually', as staff struggle with three months of unpaid wages and financial uncertainty
 "Will Byju's employees ever get their unpaid salaries? What CEO has to say")
Cantabil Retail eyes Rs 55 cr capex by FY26, to expand production capacity
Nigam shared details about the company's major project, set for completion by mid-September
 "Cantabil Retail eyes Rs 55 cr capex by FY26, to expand production capacity")
Legal net tightens around Byju Raveendran after US court ruling on fraud
Raveendran has called for an investigation into what he alleged is a "criminal collusion" between accounting firm EY India, GLAS Trust which represents US lenders, and the IRP
 "Legal net tightens around Byju Raveendran after US court ruling on fraud")
Leap Finance secures $100 mn debt facility from HSBC to help int'l students
Lack of affordable and flexible financing is one of the biggest challenges faced by many high-quality students in their pursuit of a global education
 "Leap Finance secures $100 mn debt facility from HSBC to help int'l students")
Zydus launches affordable, breakthrough drug for transplant patients
Letermovir provides a safer, well-tolerated, and effective alternative, offering superior safety and reduced side effects while improving transplant outcomes
 "Zydus launches affordable, breakthrough drug for transplant patients")
Ready for more opportunities from Coca-Cola: Kandhari Global Beverages
Kandhari Global Beverages, which has recently acquired Coca-Cola's bottling operations in the North Gujarat region, plans to double its turnover in the next 5-6 years from current Rs 4,500 cr
 "Ready for more opportunities from Coca-Cola: Kandhari Global Beverages")
Ultraviolette plans to introduce 10 new electric two-wheelers in 3 years
The company, which unveiled its first electric scooter 'Tesseract' along with new lightweight electric motorcycle 'Shockwave' here, is also looking at bringing 'multi-terrain bikes' in future
 "Ultraviolette plans to introduce 10 new electric two-wheelers in 3 years")
OYO estimates Rs 1,100 cr PAT, Rs 2K cr Ebitda for FY26: Ritesh Agarwal
Motel 6 is projected to contribute an EBITDA of over Rs 630 crore in the coming financial year
 "OYO estimates Rs 1,100 cr PAT, Rs 2K cr Ebitda for FY26: Ritesh Agarwal")
HPCL, Tata Motors launch co-branded diesel exhaust fuel 'Genuine DEF'
The co-branded diesel exhaust fuel will be available across 23,000 fuel stations of the Hindustan Petroleum Corporation Limited (HPCL) pan-India as well as over 2,000 authorised outlets of Tata Motors
 "HPCL, Tata Motors launch co-branded diesel exhaust fuel 'Genuine DEF'")
Carlyle Group hunts for wealth assets in India amid rising competition
The New-York based firm that counts PNB Housing Finance Ltd. and Yes Bank Ltd. in its India portfolio, is keen to acquire wealth and asset management companies
 "Carlyle Group hunts for wealth assets in India amid rising competition")
Adani's new $2.1 billion Navi Mumbai airport draws low-cost carriers
Tata Group's low-cost carrier Air India Express and smaller rivals SpiceJet and Akasa are also in discussions to eventually relocate all of their operations
 "Adani's new $2.1 billion Navi Mumbai airport draws low-cost carriers")
CCI rejects complaint against Microsoft over Windows anti-virus bundling
It was alleged that bundling of the anti-virus software was violating fair competition norms
 "CCI rejects complaint against Microsoft over Windows anti-virus bundling")
Police lodges FIR against Ansal Group after UP CM Yogi's instructions
The FIR was registered a day after Chief Minister Yogi Adityanath instructed officials to take strict action in the matter and safeguard homebuyers' interest
 "Police lodges FIR against Ansal Group after UP CM Yogi's instructions")
'Will track them from depths of hell', UP CM invokes Ansal to slam SP
While MoUs were signed in the past, their real value lies in implementation, which did not happen under previous governments
 "'Will track them from depths of hell', UP CM invokes Ansal to slam SP")
Bank of India adds 111 new branches to expand urban, semi-urban reach
As of December 2024, BoI had 5,202 branches in the country, with 993 in metros, 838 in urban centres, 1,501 in semi-urban centres, and 1,868 in rural areas
 "Bank of India adds 111 new branches to expand urban, semi-urban reach")
Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore
The acquisition is subject to the approval of the RBI and is expected to be completed within 45 days post receipt of RBI approval
 "Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore")
Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions
The deal is significant at a time when large IT services players have noted that deal sizes from clients are getting smaller with shorter time frames
 "Coforge signs $1.56 billion IT deal with Sabre to boost AI-driven solutions")
Nokia exporting up to 70% of India production, says Tarun Chhabra
The company in India saw its revenues in the fourth quarter (Q4) of 2024 hit Euro 463 million, up by 22 per cent from Euro 379 million in Q4 of 2023
 "Nokia exporting up to 70% of India production, says Tarun Chhabra")
RIL receives $2.81 billion demand notice from govt over gas dispute
Also receives liquidated damages levy notice over battery PLI milestone delay
 "RIL receives $2.81 billion demand notice from govt over gas dispute")
Zydus Lifesciences to develop world's first dual vaccine for typhoid
Typhoid and shigellosis remain serious public health threats, particularly in low-resource settings
 "Zydus Lifesciences to develop world's first dual vaccine for typhoid")