Page 448 - Company News

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

Ola Electric enters EV motorcycle segment with launch of Roadster X series

Deliveries for the Roadster series are set to begin in mid-March. The company has been teasing the launch of its electric motorcycles multiple times

Alphabet tumbles after slower growth in cloud business, missed estimates

Quarterly sales, excluding partner payouts, were $81.6 billion, Alphabet said Tuesday in a statement. Analysts had projected $82.8 billion

Govt issues notice to Kia for $155 mn tax evasion, company denies charges

Tax officers sent a confidential notice to Kia's Indian unit in April 2024, flagging alleged tax evasion of Rs 1,350 crore

Zomato hires 2 as chief of staff; gets 18,000 requests for various posts

30 candidates received job offers, of which 18 have joined Zomato and its group companies

Several companies turn to mutual funds to help finance acquisitions

Trend is expected to grow as firms explore alternative debt sources

IDBI Bank could increase rates on non-callable deposits post LCR norms

According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor

GST authorities clamp down on IndiGo with Rs 115.86 crore penalty

The airline said there is no material impact on financials, operations or any other activities of the companies

Religare Enterprises' independent director Hamid Ahmed resigns from board

He has tendered his resignation from the Board of Directors of the Company on February 4, 2025 with immediate effect, due to increasing scope of work in his family business

AMD's AI chip Q4 revenue miss knocks shares amid rivalry with Nvidia

The company's fourth-quarter data center revenue - a proxy for its AI performance - jumped 69 per cent to $3.9 billion, compared with the consensus estimate of $4.15 billion

Life Insurance Corporation gets GST demand notice of Rs 105.42 cr

The demand notice pertains to seven financial years between 2017-18 and 2023-24, as mentioned in notice

CM Mamata inaugurates ITC's global centre of excellence for AI in Kolkata

The global centre, located in New Town, will focus on advanced AI research, positioning West Bengal as a leading hub for AI development in India

Space systems maker Karman Holdings seeks up to $2.6 bn valuation in US IPO

The company and selling shareholders aim to raise up to $421 million by offering approximately 21 million shares priced between $18 and $20 each

PC Jeweller Q3 result: Net Profit of Rs 147.96 cr on strong demand

Total income jumped multi-fold to Rs 683.44 crore in the third quarter of this fiscal from Rs 43.48 crore in the year-ago period, according to a regulatory filing on Tuesday

Ambuja Neotia Group commits over Rs 15,000 cr in WB over next 5 years

The investments will span healthcare, hospitality, tourism, residential and commercial real estate, and a golf-themed township, group chairman Harshavardhan Neotia said

GCCs to create 450K new jobs in 2025 as companies plan to expand: Report

According to the India GCC Growth Outlook 2024 report, India has emerged as the top GCC destination fuelled by its vast skilled workforce and supportive policies

Hind Rectifiers to set up AI, Web3 arm with expansion of Nashik facility

Hind Rectifier has reported around six-fold jump in net profit to Rs 10 crore for the October-December quarter of 2024-25 driven by order flows and higher income

Here're the foreign companies embroiled in tax disputes with govt

South Korea's Kia has been accused of dodging $155 million in taxes by misclassifying some car component imports, but the company is contesting the charge privately with officials

Citi appoints K Balasubramanian as India head, subject to RBI approval

The appointment has been necessitated because incumbent Ashu Khullar has been appointed as the co-head of Global Asset Managers (GAM). Khullar will be part of the investment banking

Triveni Engineering Q3 result: PAT dip 69% on higher expense to Rs 42.57 cr

Sugar company Triveni Engineering and Industries has reported a 69 per cent fall in its consolidated net profit to Rs 42.57 crore in the December quarter on higher expenses