Page 439 - Company News

Google, SoftBank back quantum computing startup QuEra in $230 million deal

QuEra Interim Chief Executive Officer Andy Ory said the latest funding round came together quickly - "in a matter of weeks" - after the startup cleared a series of technical challenges

Baldota Group to invest Rs 54,000 cr to set up steel plant in Karnataka

Company and state government to sign agreement at investors summit for integrated facility in Koppal taluk

Shriram Finance eyes 20-fold growth over next 3 years in green portfolio

Green finance, which is financing of businesses that support environmentally friendly and sustainable projects, has struggled to pick up in India due to limited awareness, high transaction costs

Creditors recover Rs 3.58 trn through resolution plans under insolvency law

Citing data from the Insolvency and Bankruptcy Board of India, Minister of State for Corporate Affairs Harsh Malhotra told Rajya Sabha on Tuesday that 2,707 cases have ended in liquidation orders

TCS to modernise Muscat Clearing & Depository system under new agreement

TCS will implement its flagship platform, TCS BaNCS for Market Infrastructure, alongside Quartz, to enhance MCD's Clearing, Settlement, and Depository services

Aequs, Tramontina form joint venture to produce cookware in India

The facilities at the Hubballi Durable Goods Cluster will manufacture products for customers in India and abroad

Bombay HC allows Adani group to cut 209 mangroves for power line project

The HC allowed a petition filed by the Adani Electricity Mumbai Infra Limited, seeking permission to cut 209 mangroves near Vasai creek for setting up a High Voltage Direct Current (HVDC) link

Surrey confirms deal with Reliance, keeps 51% stake in Oval Invincibles

Reliance Industries Limited (RIL) owners of Mumbai Indians (MI) through its subsidiary, RISE Worldwide, bought 49 per cent stake in The Hundred team for 60m

OYO to invest $10 million in US-based G6 Hospitality's digital assets

OYO recently acquired iconic American budget hotel chain Motel 6 and Studio 6 brands from Blackstone Real Estate for $525 million in an all-cash transaction, as it eyes expansion in the US

Torrent Group to acquire a majority stake in Gujarat Titans for Rs 7,500 cr

Indian Premier League franchise Gujarat Titans, currently owned by CVC Capital Partners, was acquired in 2021 for Rs 5,625 crore

Simple Energy unveils upgraded electric scooter, seeks aggressive expansion

Bengaluru-based EV startup says its product is India's longest-range electric scooter

US Congressmen slam Biden admin for 'misguided crusade' against Adani Group

The six Congressmen questioned why the DOJ proceeded with the indictment despite the allegations being centred in India, involving Indian officials

Bajaj Group likely to make an investment of Rs 10,000 cr for hospital chain

Bajaj's move coincides with growth in Indian health care as the nation's wealth and insurance coverage increases and the number of people reaching retirement age accelerates

THDC enters thermal energy sector, begins ops of 660-MW unit at UP plant

Until now, the company was generating 1,424 MW from hydro, 113 MW wind and 50 MW solar energy

Signature Global sales bookings jump 2.8 times to Rs 8,670 cr in Apr-Dec

Signature Global has given a sales guidance of Rs 10,000 crore for the entire 2024-25 fiscal as against Rs 7,270 crore in the preceding financial year

Bangladesh seeks full power supply restoration from 1,600 MW Adani plant

The state-run Bangladesh Power Development Board (BPDB) said it had been paying $85 million a month to Adani to clear outstanding dues and has now told the company to resume supply

NTPC eyes expansion, in talks with foreign firms for nuclear buildout

Prime Minister Narendra Modi's government is seeking to revive interest in India's nuclear power potential, promising easier regulations for suppliers and more than $2 billion of public resources

Avendus Capital attracts domestic insurers hunting for private funds

Avendus Capital, the investment bank, which is backed by KKR & Co, is raising as much as Rs 3,000 crore ($343 million) for its Future Leaders Fund III

Space tech firm Digantara eyes $30 million revenue with US expansion

The Bengaluru-based startup plans to invest $10 million to $15 million over the next six to eight months to establish a spacecraft manufacturing and space optics production facility in Colorado

HPCL plans to raise Vizag oil refinery capacity by 20% to meet fuel demand

India is raising its crude processing capacity as the world's third-largest oil importer and consumer wants to be a major global refining hub while its fuel demand is expected to continue growing