Page 475 - Company News

Poised to achieve portfolio of 700 hotels by 2030, double revenue: IHCL

The country's largest hospitality firm currently has 360 hotels under its portfolio, including 237 operational and 123 hotels in the pipeline

Mercedes reports best-ever annual sales; to roll out 8 models in 2025

Luxury carmaker Mercedes-Benz India plans to roll out 8 new models, including battery electric vehicles, this year as it looks to sustain sales momentum having posted record sales in 2024.

Envision bags 1GW wind, first 320 MWh BESS orders from Juniper Green Energy

Envision Energy India said it has signed up with JGE for the supply of 200 EN 182|5MW turbine platforms, along with its debut 320 MWh BESS

BP partnership to boost ONGC revenue by $10.3 billion over 10 years

ONGC said TSP will receive a fixed fee for the first two years, followed by a service fee based on a percentage share of the revenue from net incremental hydrocarbon production

Beyond Snack raises $8.3 million in series A round for expansion efforts

The fresh funds will be used for expansion into new territories, product innovation, and strengthening its supply chain infrastructure

Ajmera Realty & Infra sale bookings rise 7% to Rs 270 cr in Dec quarter

During the April-Decrmber period of 2024-25 fiscal, the company's sale bookings were up 14 per cent to Rs 830 crore from Rs 730 crore

US-based Novelis Inc plans to raise $750 million via issuance of bond

Novelis intends to use the net proceeds from the proposed offering to repay $ 738 million of outstanding debt

Reliance Jio ramps up AirFiber for faster 5G monetisation before 2025 IPO

Reliance Jio targets one million monthly AirFiber additions to boost 5G monetisation, with ARPU growth and subscriber expansion driving momentum ahead of a potential late-2025 IPO

Microsoft confirms performance-based job cuts across key divisions

Microsoft's restructuring plans began in 2023 with 10,000 layoffs, followed by 1,900 more in its gaming unit after the $75.4 billion Activision Blizzard acquisition

Apple sacks Indian-origin staff over 'misuse' of charity donation programme

Apple has reportedly fired several Indian-origin employees in the US over alleged misuse of its charity matching grants programme, with FBI probing into possible fund misappropriation

Private credit firm Neo Asset seeks to raise $700 million for second fund

The money manager plans to deploy the capital to support mid-sized companies in so-called special situations that include acquisition financing

Avendus seeks $466 million as it launches new India private credit fund

The 25 year-old Mumbai-based financial services firm aims to raise as much as Rs 4,000 crore ($466 million) through the fund, that will invest in the debt of mid-sized businesses in the country

Flying taxis startup ePlane partners with TCS to ease urban mobility

Together, they aim to create transformative solutions that address pressing urban challenges, such as congestion, inefficiency, and environmental sustainability

Lessons learned from the pandemic: M&M chip-ready for BE 6, XEV 9e EVs

The move comes in the aftermath of the pandemic that exposed vulnerabilities in the global supply chains, including India's semiconductor sector

Swiggy launches new standalone app Snacc for 15-minute food delivery

The launch comes at a time when the food delivery apps in India are racing to deliver everything from biryani to hot beverages to customers' doorsteps in under 10-15 minutes

Softening base metal prices cushion rupee fall for consumer durables makers

In the last three months, the rupee has depreciated 2.2 per cent against the dollar, which typically hurts consumer durable companies.

Foxconn, Dixon ask govt to pay pending production-linked subsidies

The government pledged a total of Rs 41,000 crore ($4.8 billion) in subsidies to manufacturers, and part of that remains unallocated because some companies didn't meet estimated production targets

India has the maths talent to lead frontier AI research: Satya Nadella

The tech giant also revealed plans to invest $3 billion in expanding its Azure cloud infrastructure in India over the next two years

RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance

RBI, in October, had imposed sanctions on Asirvad Microfinance, Arohan Financial Services, DMI Finance, and Flipkart co-founder Sachin Bansal's Navi Finserv

Navi crosses 1% market share in UPI transactions in December 2024

This is the first time in many months that a firm outside the top three has achieved this