Page 592 - Company News

Hyundai submits PFR to take up modernisation of TN plant for Rs 1,500cr

The construction activities are expected to commence after receipt of necessary approvals, it said

LIC Housing Finance accepts bids worth Rs 1,300 cr for 5-year bonds: Report

The housing finance company will pay an annual coupon of 7.57 per cent and had invited bids from bankers and investors earlier in the day

Nestle launches Cerelac variants with no refined sugar in Indian market

The company confirmed that seven of the 14 sugar-free versions will be available in Indian stores by the end of November, with the remaining seven set to be introduced in the following weeks

Muthoot Finance raises $400 mn by dollar bonds with 4.5 yrs maturity time

The country's largest gold finance company will pay a semi-annual coupon of 6.3750 per cent on this issue, the bankers said, adding that bids opened on Wednesday and closed earlier in the day

Sarla Aviation, Bengaluru Airport tie up to launch electric flying taxis

This initiative, developed in Karnataka, aims to revolutionise air travel by introducing seven-seater electric flying taxis, which promise faster, cleaner, and more efficient transportation

Google to power AI data centres via nuclear power amid climate change woes

Google anticipates using 500 megawatts of nuclear power to run its operations, as global concerns over climate change intensify amid rising electricity consumption from AI and crypto technologies

Denmark's NKT strengthens power cable project competencies in India

Globally, NKT has grown its order backlog of high-voltage projects to €11.3 billion by the end of the second quarter of 2024

AGNIT Semiconductors raises $3.5mn in seed round marking first investment

The five-year-old Bengaluru-based startup has raised $4.87 million in total so far and plans to use the fresh funds to scale its production and commercial operations

Zepto looks to raise $100 million, marking third funding round in 6 months

Quick commerce startup Zepto is seeking funding from domestic sources, including Indian family offices and high-net-worth individuals, as it prepares for its upcoming IPO

Accenture elevates Kishore Durg as group operating officer-technology

In August this year, Accenture announced the elevation of Arundhati Chakraborty as group chief executive of Accenture Operations

Haldiram Snacks' promoters revise stake sale plans, look to offload 10-15%

Earlier, the promoters of Haldiram's were exploring the possibility of selling a controlling 51 per cent stake, a move that would have valued the company between $8 billion and $10 billion

Sembcorp industries bags 150 MW wind-solar hybrid project by subsidiary

The build-own-operate project is part of a 600 MW bid issued by SECI

Tamil Nadu serves show-cause notice to Tata Electronics after Hosur fire

The notice was addressed to the 'occupier' and the factory manager and the company is expected to respond within a week unless they request an extension

Samsung to replace Vi's Chinese gear with 5G equipment in priority circles

New equipment from Ericsson and Nokia to focus on 4G, raise population coverage to 90%

BSNL, Viasat claim successful trial of direct-to-device satellite services

The company said working alongside partner BSNL, Viasat engineers successfully showcased satellite-powered two-way messaging services for attendees at India Mobile Congress

Consumer firms see demand uptick but await Diwali sales for full picture

In consumer durables, demand was somewhat affected by unseasonal rains during Dusshera, according to Nilesh Gupta, managing director of Vijay Sales

BlackRock in talks with Jio Financial to set up private credit venture

The 50-50 joint venture will lend to businesses ranging from large companies to startups, the people said, asking not to be identified as the information is not public

Samsung Electronics' workers in TN to resume work from Thursday: CITU

The CITU has been spearheading the protest by the employees since September 9, pressing for various demands including pay revision, and recognition of the newly formed union

Vistara stood out by empowering frontline employees: Chairman Bhaskar Bhat

Its 'differentiation' was dealing with customers inside and outside aircraft, he says

Reliance Industries IP sprint: Over 3,000 patents at 100 filings per week

Jio Platforms have been granted 331 patents till March 2024