Page 477 - Company News

SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%

Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth

Mahindra looks to scale up biz globally, eyes more markets with new models

Mumbai-based auto major is looking to scale up its automotive business globally in a phased manner with plans to leverage its existing distribution channels

Sobha's sale bookings fall 29% annually in Oct-Dec, rise 18% sequentially

During the entire 2023-24 fiscal, the company had sold properties worth Rs 6,644.1 crore, largely residential units

JSW Steel's $50 billion Mozambique coal deal frozen amid legal dispute

JSW Steel Ltd. run by Sajjan Jindal - agreed in May to buy Minas de Revuboe from the estate of Ken Talbot, an Australian mining tycoon

Zomato enters 15-minute delivery race, taking on Swiggy Bolt, Zepto Cafe

Though not officially announced, the 15-min delivery tab has been added to select locations in Mumbai and Bengaluru

Markets regulator Sebi warns Ola Electric for violating disclosure norms

According to the letter issued by Sebi, the electric vehicle manufacturer announced its expansion plans on microblogging platform X (formerly Twitter), before informing the exchanges

Temasek nears deal to buy 10% stake in Haldiram's at $10 billion valuation

Both the Agrawal family and Temasek have signed a term sheet for a stake sale by the Agrawal family

Exim Bank India raises $1 billion from overseas via 10-year bonds

Exim Bank provides financial assistance to exporters and importers

Biocon Biologics marks one year as global biosimilars enterprise

It is targeting a $100 m inventory improvement by March

Advik to acquire German braking system manufacturer Powersports MTG

The acquisition will create additional expertise for Advik in premium motorcycle safety components, which will also drive technologies in the large segment of ICE

Akasa Air appoints Belson Coutinho as COO to oversee operations, growth

Belson Coutinho, a key member of Akasa Air's leadership since 2022, previously served as chief marketing and experience officer before being appointed Chief Operating Officer (COO)

Microsoft to invest $3 bn in AI and cloud expansion in India: Nadella

The tech giant will also support the country's long-term competitiveness by training 10 million people over the next five years with AI skills

Carlyle gets CCI nod to acquire 68.9% stake in Roop Automotives Ltd

Roop Automotives Ltd (RAL) and Highway Industries Ltd (HIL) are engaged in the manufacturing and selling of auto components

Tata Electronics gets CCI's nod to acquire majority stake in Pegatron India

Tata Electronics Pvt Ltd (TEPL) is a wholly-owned subsidiary of Tata Sons. TEPL have expertise in manufacturing high-precision components for large customers

Billion-dollar potential: Haldiram's snack empire attracts global interest

The Haldiram brand which is today a household name had a rather humble beginning in the streets of Bikaner, which was started by Ganga Bishan Agarwal, fondly called Haldiram

REC looks to sell Rs 2,848 cr bad loans in Corporate Power with 98% haircut

REC's exposure to CPL is part of a term loan extended by a consortium of lenders, where its voting share is 19.55 per cent in the liquidation process

Tata Steel's crude steel production rises 6% to 5.68 mn tonnes in Q3FY25

Deliveries in India reached 5.29 MT for the third quarter, up 8.4 per cent year-on-year, due to steady sales in the domestic market and strategic presence in exports

Tata Technologies, Telechips collaborate to make software-defined vehicles

The partnership will leverage Tata Technologies' deep expertise in automotive software engineering and integration of next-gen technologies

Chinese tech giants Tencent, CATL protest US listings as army-linked cos

The US has in recent years sought to restrict sharing of advanced technology, including semiconductors and artificial intelligence, deeming it to be a threat to national security

MRPL signs MoU with ISPRL to utilise underground caverns for crude storage

The partnership aims to enhance MRPL's crude storage capacity, ensuring supply security and mitigating risks arising from global market volatility