Page 429 - Company News

ONGC-NTPC Green Energy JV acquire Ayana Renewable for Rs 19,500 cr

This marks the first such strategic investment by a government-owned company in the Indian renewable energy sector

Inside the collapse of Nissan and Honda's $60 billion automotive mega deal

In December, Nissan and Honda announced plans to merge, an outgrowth of talks they had been holding since March 2024, when they said they were looking to cooperate on technology

Moderate valuations offer support for NMDC despite market headwinds

Iron ore production stood at 13.3 mn tonnes (up 9 per cent Y-o-Y and 61 per cent Q-o-Q), while sales stood at 11.9 mn tonnes (up 5 per cent Y-o-Y and 20 per cent Q-o-Q) during the quarter under review

Highest number of lenses published on Snapchat come from India: Snap CTO

Snap claims to have claims to has more than 375,000 creators worldwide in augmented reality (AR) ecosystem that have built over 4 million AR lenses

Meta Platforms tweak accounting formula on AI servers to boost profit

By Meta's reckoning, the shift is expected to reduce the company's depreciation expense by $2.9 billion in 2025, which would, on its own, amount to almost 4% of estimated pre-tax profits for the year

Adani Group signs $207 million private loan for Australia coal port unit

The ability for Adani to secure new debt demonstrates that it is recovering from a fallout after the US indicted Gautam Adani over a bribery plot in November

SC orders meeting between Sahara, Sebi over sale of Versova Land

In November 2023, Sahara Group chief Subrata Roy, who was ordered to be taken into custody by the court in the matter, died at a private hospital in Mumbai

Sidbi partners with France's lender AFD for $100 million credit line

The resources will be deployed by Small Industries Development Bank of India (Sidbi) to scale up its green finance solutions for the Indian micro, small and medium enterprises

Avaada Group to invest Rs 50,000 crore in Madhya Pradesh: Chairman

He said that this investment will be made in the fields of solar energy, wind energy, pumped storage, and battery storage

SC grants time to Danny Gaekwad to deposit Rs 600 cr for counter offer

The court also clarified that except for the modification of the time limit to deposit the said amount, other terms and conditions mentioned in the February 7 order will remain unaffected

Torrent buys 67% stake in IPL franchise Gujarat Titans for Rs 5,000 cr

Total valuation of the IPL team is pegged at Rs 7,453 cr

Iffco warns against unauthorised sale of its products on e-com platforms

The world's largest fertiliser cooperative emphasised that purchases made through these unauthorised platforms would be at the buyer's own risk and liability

Verint to increase India workforce to 1k by FY26 end, hire in R&D roles

A majority of these hires will be in engineering, data sciences, artificial intelligence (AI), and cloud operations, the company's global chief technology officer said

OpenAI says it does not use Indian media groups' content to train ChatGPT

The filing relates to a lawsuit by Indian news agency ANI last year, which alleges that ChatGPT uses its published content without permission to help train its artificial intelligence chatbot

Torrent Group buys 67% stake in IPL team Gujarat Titans, amount undisclosed

As part of the deal, Irelia will retain a substantial minority stake of 33 per cent in the franchise. The acquisition marks Torrent Group's foray into India's rapidly growing sports sector

Lumos Alternate, Bakeri Group to set up Rs 500 cr fund for housing projects

The platform 'Sakar Realty Fund- I', which recently received final approval from Sebi, will invest in mid-market residential projects in Bengaluru, Mumbai, Ahmedabad, and Pune

Maaza becomes Coca Cola's 3rd Indian brand to step into billion-dollar club

Company gains $303 million from refranchising bottling ops in India in 2024

ONGC-NTPC Green Energy JV to acquire Ayana Renewable for $ 2.3 bn

The acquisition comes at a time when large power producers in India are betting big on renewables and making pledges to expand their green energy capacities

Aero India 2025: Godrej & Boyce's aerospace unit signs MoU with ADA

These include an MoU signed with the Aeronautical Development Agency (ADA) for flight control actuators for India's Advanced Medium Combat Aircraft (AMCA) programme

ONGC, Tata Power Renewable sign pact on battery storage solutions

ONGC has been stringing around deals in clean energy as part of its target to scale renewable energy capacity to 10 gigawatts by 2030