Page 624 - Company News

Tata Sons rules out IPO plans despite push from shareholder SP group

Holding co prepays Rs 21,813 crore debt in FY 2024 to declassify itself as NBFC upper layer

SpiceJet's Rs 3,000 cr issue commences, floor price set at Rs 64.79 a share

SpiceJet has set a floor price of Rs 64.79 per share for the sale of securities to qualified institutional buyers through which the budget carrier aims to raise up to Rs 3,000 crore.

Infosys enters collaboration with UK's Metro Bank to digitalise operations

At the end, we will be a very different business, but true essence of Metro Bank will remain same- a high-quality service organisation putting customers centre-stage, Metro Bank CEO Frumkin said

LIC pares its holding in DCM Shriram Industries by over 2% to 4.66%

DCM Shriram Industries is primarily engaged in production and sale of sugar, alcohol and industrial fibres

ArcelorMittal's India joint venture seeks duty-free LNG imports: Report

India, the world's second biggest crude steel producer, levies a 2.5 per cent basic customs duty and an additional 0.25 per cent social welfare tax on LNG

Air India launches $400 million upgrade to transform flying experience

Air India overhaul: The revamp comes as the airline ramps up its international operations amid stiff competition from global carriers

Fire at data centre likely cause of India-wide outage for Jio users: Report

The website also showed that more than half of the affected users were facing issues related to their mobile network, while others had mobile internet and broadband-related complaints

EaseMyTrip enters medical tourism; board approves Rs 90 crore acquisitions

EaseMyTrip has acquired a 30% stake in Rollins International for Rs 60 crore and a 49% stake in Pflege Home Healthcare for Rs 30 crore

Indian entrepreneur sells private arm of UK-based Tails Trading Group

We welcome this bid and are confident that the business and its social impact are safe, if not in better hands, with the new management, Siddharth Shankar, CEO of the company said

Tata Motors, JLR to make EVs in India for the world: Chandrasekaran

'Will bring together cost attitude of Tata Motors with the design and sophistication of JLR'

Zydus Lifesciences to acquire Sterling Biotech's API biz for Rs 84 crore

In August this year when Zydus acquired a 50 per cent stake in Sterling Biotech Ltd (SBL), the company negotiated for the right to acquire the 'Target Business' of SBL at a pre-defined value

Indo National divests its entire 51% stake in Kineco for Rs 220 crore

In 2016, the company invested in Kineco, a key composites business offering a wide range of products and processing technologies for defence, railways and industrial applications

JBM secures $100 million funding from ADB, AIIB to expand e-bus operations

JBM currently operates over 1,500 electric buses across 10 states and more than 15 major airports in India

Lenovo to build AI servers in India as nation's tech push deepens

The company said Tuesday it has started making the large, powerful computers in Pondicherry

Samsung employees' protest enters ninth day after 2 rounds of talks fail

Earlier on Monday, the protestors were detained when they entered Kanchipuram. They were later released in the late evening. A case was filed against more than 100 employees

iBUS Network and Infrastructure receives Rs 280 crore investment from IFC

This investment will bolster iBUS's plans for both domestic and international growth

Wipro announces 8% salary hikes for top performing employees in 2024

Wipro's salary this year improves upon the average 6% hike given to top performers at the IT firm last year

Rapido to convert Delhi bike-taxis to all-electric fleet by next year

This transition could potentially position Rapido as a pioneer in the bike-taxi industry, especially as rivals like Ola and Uber explore eco-friendly alternatives

Gaurs Group plans IPO in next 18 months to tap growth potential: CMD

Gaur said the company has set a target to expand its business of development of housing projects across the Delhi-NCR market

Avaada Group plans to invest Rs 5,000 cr in Madhya Pradesh's energy sector

Avaada Group focuses on the development of large-scale projects for solar modules, renewable energy production, green hydrogen