Page 421 - Company News

Data centre boom, GCCs to boost Black Box topline in FY26, says CEO

According to Gartner, global IT spending is projected to reach $5.7 trn in 2025. Of this, IT infrastructure spending is expected to be $600 bn to $750 bn

Burmans' Rs 2,116-crore open offer for Religare gets tepid response

The open offer for the acquisition of up to 9,00,42,541 fully paid-up equity shares of face value of Rs 10 each, representing 26 per cent of the expanded voting share capital of REL

Settlement with BCCI outside lenders' scrutiny, Byju's Raveendran to NCLAT

Riju, the younger brother of founder Byju Raveendran, told the appellate tribunal that the settlement with BCCI had been finalised before the committee of creditors (CoC) was formed

Workers' strike continues at Samsung India's Chennai unit; talks fail

The strike began on February 5, after the management took disciplinary action against three employees

Japanese electronics firm Murata to set up manufacturing unit in Tamil Nadu

This comes after Murata president Norio Nakajima stated that the company is analysing potential investment scenarios in India

Hilton unpacks growth plans with 75 Hampton brand hotels in India

Global hospitality major signs strategic licensing agreement with NILE Hospitality

Smart wearable firm Boult expects 33% growth in FY25, Rs 800 cr net revenue

Boult's smartwatch segment declined 1.6 per cent in 2024 on a YoY basis. The company, however, registered the highest growth rate among Indian brands in the earwear category in 2024

Bharat Forge unit inks pact with US' AM General to supply artillery cannons

This marks the first-ever supply of cannons from an Indian defence manufacturer to the US, a testament to the strengthening bilateral defence cooperation between our two nations, the statement said

Google agrees to pay Italy $340 million to settle tax evasion investigation

Italian prosecutors on Wednesday said they are seeking to have a tax evasion investigation against Google dropped after the tech giant agreed to pay a 326 million Euro (USD 340 million) settlement.

Infosys denies forced layoffs in Mysuru, says cooperating with labour dept

On the Labour Ministry's direction to Karnataka state labour department to take action, and reports that the Labour Department officials had followed up with visits to Infosys campuses

Can 'Make in India' help Tesla navigate increasing global roadblocks?

After prolonged speculation about Tesla's entry into the Indian market, the Elon Musk-led EV major has begun the process of setting up its manufacturing unit in India

Hyundai India aims to be production hub for exports to emerging markets

The company is looking to diversify its export markets as it continues to face challenges regarding shipments to regions like West Asia due to the Red Sea and other geopolitical issues

Oyo-owned European holiday home brand 'DanCenter' debuts in India

To begin with luxurious villas in Siolim, North Goa

ONGC seeks joint venture partners to foray into ethane carrier business

ONGC is seeking partnership with companies with experience in the operation and management of VLECs, very large gas carriers and liquefied natural gas carriers in the global market

Carlyle-backed IT exporter Hexaware valued at $5 bn on market debut day

Institutional investors bid for nine times the shares on offer, while retail investors bid for only a tenth of the portion reserved for them amid market volatility and investor caution over IT sector

Ananda Vikatan row: Indian magazines condemn blocking of satirical cartoon

A complaint over a controversial political cartoon published in Vikatan Plus led to a blocking order on the Tamil digital magazine's website, sparking widespread backlash

Ikea expands to Delhi-NCR: Online sales to begin before stores open

Ikea's offline presence in Delhi-NCR will follow soon, with two stores under construction in Gurugram and Noida

Matel teams up with Honda Power Pack for swappable EV battery solutions

Honda's swappable battery, backed by extensive expertise in lithium-ion battery development and deployment in the automotive sector, ensures reliability, safety, and durability, the statement said

Listed realtors report mixed bag Q3 as home sales moderate in top cities

Project approvals slow down but most companies expect to meet their annual guidance

Modification at Halol plant to increase output, meet demand: JSW Motor

JSW MG Motor India, which has witnessed the Windsor cross production milestone of 15,000 units, said it anticipates a production slowdown this month due to the facility modifications