Page 417 - Company News
SoftBank Group CEO in talks to borrow $16 billion to invest in AI: Report
The Japanese technology investor might borrow another $8 billion in early 2026
 "SoftBank Group CEO in talks to borrow $16 billion to invest in AI: Report")
Cooperating with ED into alleged money laundering case, says Bhutani Group
On Thursday, the ED searched multiple premises of two real estate companies and their promoters in Delhi-NCR as part of a money laundering investigation linked to alleged fraud with homebuyers
 "Cooperating with ED into alleged money laundering case, says Bhutani Group")
NMDC iron ore production rises 17.8% to 4.62 mn tonnes in February
The company had produced 3.92 MT of iron ore in the corresponding month of previous fiscal year
 "NMDC iron ore production rises 17.8% to 4.62 mn tonnes in February")
Coal India's production decreases marginally to 74.1 MT in February
The company's' coal production stood at 74.1 MT in February this fiscal, down from 74.8 MT in the corresponding month of previous fiscal
 "Coal India's production decreases marginally to 74.1 MT in February")
Paytm gets ED show cause notice for transactions involving over Rs 611 cr
Company says these violations pertain to a period when these firms were not subsidiaries of One97 Communications
 "Paytm gets ED show cause notice for transactions involving over Rs 611 cr")
NLC India secures contract of 200 MW wind power project from SJVN
The project was secured through an e-reverse auction at a tariff of Rs 3.74 per kWh
 "NLC India secures contract of 200 MW wind power project from SJVN")
Tesla's first India showroom to open in Mumbai's BKC, Delhi next in line
Tesla signs lease agreement for first India showroom in Mumbai's BKC, paying Rs 35 lakh per month for a 4,000 sq ft space; Delhi showroom also planned amid hiring spree
 "Tesla's first India showroom to open in Mumbai's BKC, Delhi next in line")
Google building digital agri stack for India using satellite imagery
Data and analysis of this base layer of the stack can be used in a slew of applications like bettering the subsidy payments, farm insurance or farm loans
 "Google building digital agri stack for India using satellite imagery")
Kia, JSW MG Motor Feb sales up 23.8%, 16.3%, Tata Motors sees 8% dip
Tata Motors on Saturday reported an 8 per cent year-on-year decline in its domestic and international sales at 79,344 units in February
 "Kia, JSW MG Motor Feb sales up 23.8%, 16.3%, Tata Motors sees 8% dip")
Hero Electric's bankruptcy: EV pioneer faces insolvency over Rs 301 cr debt
Hero Electric, India's first e-scooter maker, enters insolvency under IBC with Rs 301 crore in admitted claims; bidders invited as creditors decide its fate amid EV market growth
 "Hero Electric's bankruptcy: EV pioneer faces insolvency over Rs 301 cr debt")
Mahindra sales rise 15% to 83,702 units in February, exports at 1,647 units
In the utility vehicles segment, the company said it sold 50,420 vehicles in the domestic market, a growth of 19 per cent as compared with 42,401 units in February last year
 "Mahindra sales rise 15% to 83,702 units in February, exports at 1,647 units")
Maruti Suzuki vehicle sales rise marginally to 199,400 units in February
Total domestic passenger vehicle sales were at 1,60,791 units last month as compared with 1,60,271 units in the year-ago month, a marginal year-on-year growth, it added
 "Maruti Suzuki vehicle sales rise marginally to 199,400 units in February")
Piramal Enterprises hit with nearly $172 million tax bill for pharma deal
Maharashtra's tax office has contended that the transfer of its pharma business to Piramal Pharma counts as an itemized sale and not a slump sale, the company said
 "Piramal Enterprises hit with nearly $172 million tax bill for pharma deal")
Judge says Byju's official broke duty to lenders by hiding $533 million
Byju's fraudulently transferred at least part of the money to a small hedge fund based in Miami to keep it out of lenders' hands, US Bankruptcy Judge John Dorsey also ruled
 "Judge says Byju's official broke duty to lenders by hiding $533 million")
Need for sovereign AI systems to avoid digital colonialism: Chandrasekaran
Chandrasekaran explained that the group was focused on priority areas, including artificial intelligence, sustainability and new energy, and geopolitical and supply chain resilience
 "Need for sovereign AI systems to avoid digital colonialism: Chandrasekaran")
Bombay HC directs Anil Ambani to approach RBI over Union Bank order
A division bench of Justices Revati Mohite Dere and Neela Gokhale was hearing a petition filed by Anil Ambani challenging the October 10, 2024 order passed by the Union Bank of India
 "Bombay HC directs Anil Ambani to approach RBI over Union Bank order")
Piramal Enterprises hit with nearly $172 million tax bill for pharma deal
A tax office in the state of Maharashtra has asked the financial services company to pay 18% Goods and Services Tax (GST) on the deal, the latter said in the filing
 "Piramal Enterprises hit with nearly $172 million tax bill for pharma deal")
E-commerce major Flipkart shuts down ANS Commerce, lays off workforce
Founded in 2017, the firm was providing all support including marketing tools, warehousing, etc to entities that wanted to sell their product online
 "E-commerce major Flipkart shuts down ANS Commerce, lays off workforce")
US Polo eyes Rs 3,000 cr revenue in India, steps up marketing investments
Having entered India in 2009, the country has become USPA's third-largest market, following the United States and West Asia-Turkey
 "US Polo eyes Rs 3,000 cr revenue in India, steps up marketing investments")
ServiceNow sees India as its biggest mkt in Asia-Pacific: Amit Zavery
ServiceNow is betting big on agentic AI as the next area of growth as it makes that technology a core part of its platform, which improves efficiency, predictability, and real-time decision support
 "ServiceNow sees India as its biggest mkt in Asia-Pacific: Amit Zavery")