Page 536 - Company News

TCS secures 3-year extension with SPARSH to streamline defence pensions

TCS will not only maintain the hardware and software of the programme for three years, but also deliver key updates to the system

Nokia phone maker HMD moves production to India, urges suppliers to join

Nokia phone maker HMD is shifting a significant portion of its manufacturing from China to India as part of its global expansion strategy

Standard Chartered leads as dollar settlement bank in India's GIFT city

A settlement bank is traditionally responsible for processing trades, dealing with everything from the exchange of payment from buyer to seller and the transfer of securities.

Trouble mounts for Byju's as firm faces new probe over financial practices

The federal government has asked the regional office of the Registrar of Companies in Hyderabad to investigate Byju's books to ascertain if the company misreported financial statements

SMFG India Credit bets big on key southern market to drive future growth

The new office in Chennai spans 68,000 square feet and can accommodate over 730 employees

Charges against Adani can be withdrawn after Trump takes over: Lawyer

Attorney Ravi Batra added that that is an issue Gautam Adani can raise with his government, and request them to raise bilaterally with the incoming administration of Trump

'No new financial commitments under discussion with TotalEnergies': Adani

French energy conglomerate TotalEnergies would pause further investments in Adani Group companies due to corruption allegations made by the US SEC

Fitch revises outlook on 4 Adani firms to 'negative' amid US indictment

The US credit rating agency places three Adani entities under Rating Watch Negative status

Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche

Hinduja Group seeks Rs 4,300 crore for Reliance Capital's second tranche, delays due to DPIIT approval; first tranche of Rs 3,000 crore raised in September via Barclays, 360 One

Fitch puts some Adani bonds on negative watch after US SEC bribery charges

US prosecutors have charged billionaire Gautam Adani, the group's founder, his nephew Sagar Adani and six others for their alleged roles in a $265-million scheme

Indian billionaire and Essar Group co-founder Shashi Ruia passes away at 81

Shashi Ruia, who co-founded the Essar Group along with his brother Ravi Ruia, is credited for expanding the company's global footprint

Andhra govt mulls next steps on Adani, if power deal can be scrapped

Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place

Adani Group shares drew retail investors just before US probe pullback

Individual stock holdings in eight of the group's 10 listed companies rose between December 2022 and September-end this year, according to quarterly shareholding data compiled by Bloomberg

Vedanta to proceed with dollar bond sale in first post-Adani credit test

The issue, which could raise as much as $500 million, is the first since the Adani crisis and will test global appetite for Indian high yield credit following the allegations against Adani

TotalEnergies pauses investments in Adani Group after bribery charges

But group wins GQG's vote of confidence

Comfortable liquidity, enough debt cover for 28 months: Adani group

Group reports Rs 53K cr cash buffer, robust operational cash flow amid bribery charges

HUL ice-cream business demerger clears first hurdle after board nod

For the purpose of the proposed demerger, the board has also approved the incorporation of a wholly owned subsidiary

Zomato shares rise over 7% on Sensex entry, replacing JSW Steel

Zomato's Sensex entry follows the stock's inclusion in the futures and options (F&O) segment. Zomato is also expected to be added to several other indices

RIL shares rise 2% as Citi upgrades stock to 'buy', citing strong outlook

The US-headquartered brokerage has raised the target price for the scrip to Rs 1,530, implying an upside of over 18 per cent from the current market price

State Bank of India to channel $1.5 billion in global book in 4 months

In rupee terms, SBI's gross advances in its international book grew by 11.56 per cent year-on-year (Y-o-Y) to Rs 5.88 trillion