Page 42 - Company News

Full text of N Chandrasekaran's letter of resignation to Tata Sons' Board

Chandrasekaran joined the Tata group nearly 40 years ago and rose through the ranks to become the CEO of Tata Consultancy Services in 2009 and the chairman of the group in 2017

N Chandrasekaran steps down as Tata Sons chairman: Tracing his tenure

N Chandrasekaran has resigned as Tata Sons chairman and will complete his current term without seeking reappointment

Ola Electric secures revised ACC PLI timeline, eyes ₹7,240 cr in incentives

Ola Electric said the Ministry of Heavy Industries (MHI) has approved the revised timeline, which allows the company to receive PLI incentives on a quarterly basis, beginning next quarter.

Zepto warehouse sealed in Bengaluru over unhygienic food storage conditions

Karnataka's food safety department sealed a Zepto warehouse in Hoskote after finding misbranding, non-compliant labelling and unhygienic food storage and handling conditions

Tata Sons' IPO can take a page from Hong Kong titan Jardine Matheson

Last week, the Reserve Bank of India retained Tata Sons Pvt. on its updated list of systemically important shadow lenders

N Chandrasekaran may step down as Tata Sons chairman ahead of AGM

N Chandrasekaran has reportedly discussed stepping down as Tata Sons chairman ahead of the August 18 AGM, amid uncertainty over his board reappointment and tensions with Tata Trusts chairman Noel Tata

Vodafone Idea capex plan gets fillip from ₹6.4K crore bank funding

Hopeful of closing discussions with banks, confident of raising additional funds, says CEO Abhijit Kishore

Flipkart deepens Tamil Nadu partnership, expands digital commerce, tech

Flipkart said its seller, supply-chain, technology and service ecosystem supports more than 1.3 lakh direct and indirect jobs across Tamil Nadu.

L&T to transfer data centre, cloud services biz to Vyoma.AI for ₹1,400 cr

In a separate transaction, L&T, Vyoma.AI and L&T Network Services Pvt Ltd (LTNSPL) have entered into a share purchase agreement for the transfer of L&T's entire equity holding in LTNSPL to Vyoma.AI

Himadri plans ₹1,300 cr FY27 capex, steps up battery materials investments

The company is preparing another Rs 1,500 crore investment cycle for the following year and plans India's first commercial carbon nanotube manufacturing plant

GCPL appoints Aasif Malbari MD & CEO as Sudhir Sitapati steps down

Malbari, previously GCPL's global CFO and president of Godrej Africa, takes charge with immediate effect; Vishal Kedia has been named interim chief financial officer

No evidence of data breach, impact on clients after hacker claim: HCLTech

IT services major says potentially exposed employee data may be limited and several years old; further investigation is underway and material findings will be reported

Adani's US legal saga: From bribery indictment to criminal case dismissal

The two-year US legal saga over alleged bribery and securities fraud ends with criminal charges dismissed, while Gautam Adani and Adani Enterprises resolved parallel civil cases with US agencies

Larsen & Toubro planning to manufacture rare-earth magnets in India

The conglomerate is preparing a bid for the government's ₹7,280 crore ($764 million) incentive policy for such magnets

Wipro's exit from Nifty 50 reflects waning clout of Indian IT giants

The combined weight of India's top five IT companies in the Nifty 50 has fallen below 9% this year, the lowest at least since 2002

LTTS launches AgenticIQ to move enterprise AI from pilots to production

The platform is designed to help engineering and manufacturing firms move autonomous AI agents from pilots to production while keeping data and intellectual property within enterprise controls

ONGC, Shell Energy sign MoU to explore deepwater oil, gas and LNG in India

ONGC said its collaboration with Shell will focus on two key areas: upstream oil and gas, and LNG

Raymond Lifestyle eyes Europe for 25% of exports, cuts US dependence

The ‌plan comes as garment exporters reassess their dependence on the US market after tariff-related disruptions and position for higher demand following India's trade deals with Britain and Europe

After TCS, HCLTech say no evidence of systems breach after hacking claims

HCLTech said there was no evidence of breach of the company's systems or engagement with any of the company's clients

US court dismisses fraud charges against billionaire Gautam Adani

US District Judge Nicholas Garaufis in Brooklyn, New York, on Monday dismissed conspiracy, securities and wire fraud charges against Adani and his nephew Sagar Adani