Page 618 - Company News

CARE Ratings downgrades IIFL Finance's long-term instruments to "AA-"

The rating agency, in a statement placed on its website, said the assets under management (AUM) of IFL's gold business shrunk to Rs 14,727 crore as of June 30, 2024

EY employee death fallout: Deloitte forms panel to review people practices

Deloitte is one of the four major global tax consultancy firms. Besides Deloitte and EY, the other major firms are PwC and KPMG

Hyatt PE in India be taxed even if global entity earns losses: Delhi HC

Overturns division bench verdict on Nokia Solutions

'Will never happen again': EY India Chairman on missing CA's funeral

'Completely alien to our culture', says Rajiv Memani after letter written by grieving mother of deceased employee creates controversy

Exploring opportunities of growth in various cities across India: Abhay Soi

Max Healthcare is on an expansion spree planning to add 3500 beds in 3 yrs

Internship Scheme: Govt to list out 500 companies based on CSR spend

Scheme portal to go live by Sep-end

Moglix to invest $50 million in Credlix for expansion in USA, Mexico

Credlix will offer collateral-free financing solutions that improve cash flow, reduce financial burdens, and enable SMEs to scale operations in the US and Mexico

NBFC Aye Finance raises $30 million in series G round led by ABC Impact

The latest round of funding comes eight months after the company raised $37 million in a Series F round

Air India hired 9,000 employees in two years to meet needs: Airline chief

The airline has added 9,000 employees, including 5,000 new crew members in the last two years, while the average age of the staff has come down to 35 years from 54 years, Campbell added

Hybrid, EVs each could have 8 per cent market share by FY28: ICRA

The share of compressed natural gas (CNG)-run cars is also expected to increase from 14 per cent in 2023-24 to 18 per cent in 2027-28

BSNL adds 2.9 mn users after telecom rivals hiked tariffs in July

State-owned player didn't hike charges while pvt peers jacked up prices by over 20%

Samsung India, unions hold out amid output cut as strike enters Day 12

According to CITU, around 90 per cent of the total 1723 workers of the Sriperumbudur plant are participating in the strike

Will take action based on facts revealed in probe: Govt on EY worker death

Earlier Ernst & Young (EY) issued a statement expressing deep sadness over the tragic passing of 26-year-old chartered accountant, who died on July 20 due to allegedly work-related stress

Hacker uses Telegram chatbots to leak data of Star Health Insurance: Report

Using the chatbots enabled downloading policy and claims documents featuring names, phone numbers, addresses, tax details, copies of ID cards, test results and medical diagnoses

Over Rs 3 trn needed each year to reach 440 GW RE capacity by 2030: ICRA

The government's target is to have 500 gigawatt of installed renewable energy capacity by 2030

Amazon India launches AI chatbot Rufus ahead of its festive sale event

It has also introduced AI-Generated Review Highlights, which make use of Generative AI to provide concise summaries of customer reviews

Apple harvest: iPhone 16 sales up 15-20% over iPhone 15 on inaugural day

Shah points out that the agency has conducted a dipstick study on the first day to gauge consumer sentiment and traction

ATGL enters into financing framework, to raise $ 375 mn in initial round

The company said the maiden financing of $375 million executed with international lenders includes an initial commitment of $315 million with an accordion feature to enhance the commitments

HDFC Bank's subsidiary HDB Financial Services board clears IPO plans

Fresh equity offering upto Rs 2,500 cr plus offer for sale

EQT to acquire 100% stake in Indostar Home Finance for Rs 1,750 crore

The fund will also invest an additional Rs 500 crore to fuel the company's geographic expansion and digital transformation