Page 428 - Company News

iPhone components maker Murata eyes supply chain shifts toward India

The Kyoto-based maker of multilayer ceramic capacitors sees growing demand in India and is running simulations

US SEC requests help from Indian authorities in Adani fraud probe

Last year, federal prosecutors in Brooklyn unsealed an indictment accusing Adani of bribing Indian officials to convince them to buy electricity produced by Adani Green Energy

At Rs 4.7 trillion, NSE most-valued unlisted firm in India: Hurun list

Mukesh Ambani's Reliance Industries is the most valuable company for the fourth consecutive year

Brahma's $1.43 bn artificial intelligence play: Metaphysic acquisition

Abu Dhabi-based investor United Al Saqer Group (UASG) and DNEG (Double Negative) will invest $25 million into Brahma

After recent layoffs, Infosys defers internal assessments for trainees

IT employee union Nascent Information Technology Employees Senate (NITES), meanwhile, claimed that the assessment meant for 800 trainees was postponed due to its intervention

After GM backs out, Toyota aids LG battery plant with $1.5 billion order

GM said in December it would sell its $1 billion stake in the Lansing, Michigan, plant, leaving LG scrambling to find new customers

Bharti Enterprises may use Airtel stake sale proceeds to fund BT purchase

Promoter group entity sells 0.84% share in telco for Rs 8,485 crore

PE giant Blackstone joins race to acquire Akzo Nobel paints business

While JSW Group is not expected to make an aggressive offer, Kolkata-based Berger Paints has already dropped out of the race citing high valuation

EV giant Tesla likely to open first showroom in India, begins hiring

Carmaker may enter Mumbai, NCR markets

Meta's WhatsApp faces tougher EU rules as monthly users top 45 million

The commission, which is the EU's executive arm, has been increasing scrutiny of social media in an attempt to rein in the power of predominantly American tech companies

IT firm Capgemini expects flat growth in 2025 as demand remains weak

Growth in Capgemini's main markets, North America and France-which accounted for nearly half of the company's revenue in 2024-fell by 1.6 per cent and 5.8 per cent, respectively

Mahindra Lifespaces inks Rs 1,650 crore pact with Livingstone Infra

The project is located in Mahalaxmi, a prime Mumbai area

Ex-employee alleges IT services company TCS misused US visa system

Says IT firm misrepresented job roles to send more employees

LIC launches smart pension plan offering range of annuity options

The Minimum Purchase Price is Rs 1,00,000 with incentives for higher purchase price and modes of annuity payments allowable are yearly, half yearly, quarterly or monthly

Tata Steel's electric arc furnace project in Port Talbot gets approval

"This £1.25 billion investment is the most significant made in the UK steel industry in decades"

PNB reports Rs 270.57 cr loan fraud by Gupta Power Infrastructure

Borrowal fraud of Rs 270.57 crore has been reported to the Reserve Bank of India (RBI) in non-performing asset (NPA) account of Gupta Power Infrastructure Ltd

Ensuring timely repayment to all our lenders, says Kinara Capital

Media reports on Tuesday said that the lender was grappling with financial challenges and has breached financial covenants, primarily due to elevated gross non-performing assets (GNPAs), profitability

Birla Fertility & IVF targets global expansion, doubling India centres

This move aligns with the company's aggressive domestic expansion, where it plans to double its centres across India from the current 50 to 100, backed by an investment of Rs 500 crore

Temasek-backed Licious plans IPO in 2026, targets $2 billion valuation

Licious founders Abhay Hanjura and Vivek Gupta said in a statement that they are on their journey to being an IPO-ready company

Powergrid acquires Bidar Transco for Rs 6.52 cr under tariff-based bidding

BTL has been acquired for an aggregate value of about Rs 6.52 crore, including 50,000 equity shares at par at Rs 10 each, along with assets and liabilities of BTL as on the acquisition date 18.02.2025