Page 579 - Company News

Domestic M&A average deal value nearly halves at $29 million in 2024

Adani deal is 15x the average deal value for the year

BSNL making operating profit, added subscribers in last 3 months: Scindia

Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service

Airtel's AI system blocks 154 mn spam calls, 8 mn such SMS in West Bengal

Developed in-house by Airtel's data scientists, the AI-powered solution uses a proprietary algorithm to identify and classify calls and SMSes as "suspected spam"

Paytm gets NPCI nod to onboard new UPI users months after RBI restrictions

The approval may lead to an increase in company's UPI transaction volumes

Lulu Retail Holdings set to launch $1.8-bn IPO; largest in UAE for this yr

Firm, controlled by Kerala business tycoon MA Yusuff Ali, counts India as a major sourcing destination

Jio Financial in talks with Allianz SE to set up insurance JVs in India

The Munich-based firm has indicated to its current partner Bajaj Finserv Ltd. that it's "actively considering an exit" from the ventures, according to a statement from Bajaj on Tuesday

India holds immense potential in shaping future of AI: Meta's Yann LeCun

LeCun also said that AI won't take over humans, but will amplify human intelligence

Dalmia Cement to set up a new Rs 3k cr plant in MP, says group MD at RIC

Will be the first cement plant in the country to run entirely on renewable energy

RBI approves Pranav Chawda's appointment as JP Morgan Chase Bank India CEO

In order to improve client experience, the entity is integrating its commercial and corporate banking in India, which is also in line with the firm-wide announcement early this year

SBI raises Rs 5,000 crore through Additional Tier-I bonds at 7.98%

The issuance was tightly priced, said market participants

GFL subsidiary GFCL EV raises Rs 1,000 cr to drive EV, ESS growth

The company's stock fell 6.94 per cent to Rs 4,386.85 per share on Wednesday on the BSE

BEML aims for Rs 900 cr capex till FY25, re-enters building equipment space

The company, formerly Bharat Earth Movers Limited, recently underwent a significant business restructuring, establishing 11 strategic business units (SBUs) and two micro business units

GMR Group secures Rs 6.3k cr investment from Abu Dhabi Investment Authority

Hopes for significant reduction in its pledged shares upon completion of debt deal

Muthoot Finance raises $400 million via USD notes, oversubscribed 3.9x

The funds raised will be used for onward lending and other activities permitted under the external commercial borrowing guidelines of the Reserve Bank of India

Dr Lal PathLabs Q2 results: Profit up by 18.2%, revenue rises by 9.8%

The company, which operates 280 labs across India and is on track to open 15-20 new labs this year as part of its expansion efforts, is also exploring acquisitions in southern India

Sona Comstar to buy Escorts Kubota's railway equipment biz for Rs 1,600 cr

The transaction is being carried out for a lump sum cash consideration of Rs 1,600 crore subject to the terms of the agreement, it added

Outbound M&A by Indian firms to rise on back of strong balance sheets: Citi

The last two years have been transformative for investment banking in India, not just in terms of the volume of activity, but also the quality of deals and their impact on businesses

Uber Auto and Moto services to drive Rs 36k cr in economic activity in 2024

In 2024, a report compiled by consultancy Public First, estimates that driver-partners earn an additional 60% a year in higher income through Uber, relative to their next best alternative type of work

Two units of Adani Road Transport accept bids for Rs 1,125 cr bond issue

Mancherial Repallewada Road and Suryapet Khammam Road accepted bids worth Rs 237 crore and Rs 282 crore

SBI Life Insurance Q2 results: Net profit jumps 39% to Rs 529 crore

The insurer had posted a profit of Rs 380 crore in the July-September quarter of the last financial year