Page 415 - Company News

Tesla drives into Indian mkt with showroom in Mumbai's commercial hub BKC

According to the registration documents provided by Propstack, a real estate data analytics firm, Tesla's new showroom is in Maker Maxity, with a rental of Rs 35.26 lakh per month

PSMC 'working' to bring semiconductor fab construction companies to India

PSCM, which has partnered with Tata Group to build the country's first semiconductor chip manufacturing facility at Dholera in Gujarat, is collaborating with the latter on multiple fronts, Chu said

Goldman Sachs Asset exits Sterlite Tech, sells 2.13% stake for Rs 84 crore

Goldman Sachs Asset Management through its affiliate Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 10.3 million shares, amounting to a 2.13 per cent stake in Sterlite Technologies

MoC inked for India's 1st API, green hydrogen, ethanol facility in Himachal

The Rs 1,400 crore-project will be set up in Baddi-Barotiwala-Nalagarh (BBN), Solan district, and is expected to create 1,000 jobs

Tata Electronics to make up display semiconductor chips in Gujarat

Tata Electronics will set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday.

ArcelorMittal-Nippon warns import curbs may impact India production

ArcelorMittal Nippon Steel India, a 60-40 joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, did not respond to a request for comment

India Semiconductor Mission, Tata ink fiscal pact for Gujarat chip plant

The Centre through the India Semiconductor Mission, has committed 50 per cent fiscal support on a pari-passu basis for eligible project costs

CCI rejects allegations against Navodaya Vidyalaya Samiti, RailTel

It was alleged that the two entities indulged in anti-competitive practices regarding a project for integrated infrastructure and IT solutions under the PM-SHRI scheme

Bombay HC permits Adani Group firm to cut mangroves for jetty project

The HC was hearing a petition by Adani Cementation, seeking permission to cut mangroves to facilitate construction of a berthing jetty

IHC Capital's arm sells Adani Enterprises shares for Rs 1,832 crore

The shares were disposed of at an average price of Rs 2,168.1 apiece, taking the combined transaction value to Rs 1,831.82 crore

Tesla signs 5-yr lease for Mumbai showroom, to start EV sales in 2025

The rent will increase by 5 per cent every year reaching about $542,000 for the fifth year, according to the registered lease document

Aiming for 100% PC manufacturing in India in next 3 years: Lenovo

Lenovo India Managing Director Shailendra Katiyal said that of the total PC sales in India, the company manufactured 30 per cent locally, and will hit 50 per cent next year

Kandhari Global is open to buying out more bottling plants from HCCB

The company is currently in the process of acquiring HCCB's plant in Northern Gujarat, (Sanand) which is reportedly being bought out for around Rs 2,000 crore

Air India sacks trainer pilot after probe into whistleblower claims

In a statement, the Tata Group-owned airline said a detailed probe was conducted into the allegations, which were corroborated after a review of the evidence.

NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan

SEPCO opposed the scheme, alleging that TSPL had concealed material information about its liabilities

Brookfield sells 1.6 GW India renewables portfolio to Gentari Renewables

The transaction, structured in two phases, has already seen the completion of the first phase, which involved the sale of 1 GW of operating assets, the alternative asset manager said in a statement

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

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

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

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