Page 647 - Company News

SAIL willing to participate in Critical Mineral Mission: Chairman Amarendu

The Critical Mineral Mission aims to secure the country's critical mineral supply chain by ensuring mineral availability from domestic and foreign sources

Nazara Tech partners with Telangana govt for AI centre of excellence

Nazara Technologies has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana, the release by Nazara said

Reliance Industries board approves bonus share issue in 1:1 ratio

This is the oil-to-chemicals conglomerate's first bonus issue since 2017, when its stock price was roughly Rs 700

Marudhar Rocks secures Rs 150 crore investment from Bharat Value Fund

Marudhar is engaged in the manufacturing of premium engineered quartz surfaces

Star Health introduces braille insurance policy for visually impaired

The policy is designed to address the specific requirements of individuals with disabilities of 40% or more, including physical, sensory, or cognitive impairments

Infosys onboarding delays: Centre asks Karnataka to take appropriate action

The Union Labour Ministry instructed the Karnataka State Labour Commissioner's Office to address the situation and ensure compliance with relevant labour regulations

Prestige Estates raises Rs 5,000 crore by selling equity shares via QIP

The company had on August 29 launched its Qualified Institutional Placement (QIP) to raise funds

Rapido becomes unicorn with $200 million funding, enters 4-wheeler market

The fresh capital will be directed towards expanding their newly launched four-wheeler taxi service, which will compete directly with Ola and Uber

Reliance to invest Rs 3,900 crore in FMCG arm to boost market position

Reliance plans to invest Rs 3,900 crore in its fast-moving consumer goods division, aiming to capture a larger share of the Indian FMCG sector, projected to exceed $1.4 trillion by 2027

Britannia in talks to acquire Kishlay Foods to expand presence in Northeast

Britannia is in talks to acquire a majority stake in Kishlay Foods, a Guwahati-based company known for its range of snacks, biscuits, sweets, chips, noodles, and tea, valued at Rs 600-700 crore

Beauty brand Nykaa sues former top official for contract breach, poaching

Nykaa has sued its ex-chief business officer Gopal Asthana, now at Tata Cliq, for breaching confidentiality and poaching former employees. Nykaa is seeking over Rs 20 crore in damages from Asthana

IndiGo becomes 1st Indian carrier to adopt RNP AR for ops in Kathmandu

The RNP AR technology is specifically designed for airports in geographically challenging and high-altitude regions

Capital Group's arm sells 5% stake in IT firm Mastek for Rs 475 crore

ICICI Prudential Mutual Fund, Ghisallo Master Fund LP and Patronus Tradetech LLP acquired a total of 12.34 lakh shares of Mastek in the price range varying from Rs 2,751-2,767.51 apiece

SC asks Sahara Group to furnish list of top officials, properties for sale

A bench of Justices Sanjiv Khanna, M M Sundresh and Bela M Trivedi said the court has to find some practical solution for refunding the investors' money as the issue is pending for over a decade

State-owned Canara Bank mobilises $300 mn through IFSC banking unit

The net proceeds from the issue of the notes will be applied by the Issuer's IFSC Banking Unit at Gandhinagar towards the general corporate purposes

Germany's Infineon eyes entry into India's power semiconductor space

Move comes days after firm opened first phase of fab plant in Malaysia

GIC RE gets bids worth Rs 2,300 cr; demand only half of total issue size

Shares of GIC Re, the country's largest reinsurance company, have rallied over 75 per cent in the past one year. The company is currently valued at Rs 69,825 crore

Adani Enterprises kicks off its maiden bond sale aimed at individuals

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance

Centre awards RIL full quota of Advanced Chemistry Cell under PLI-II

RIL is currently constructing an advanced chemistry-based battery manufacturing facility with a 30 GWh annual capacity in Jamnagar

Hybrid cars, Suzuki tie-up drive up Toyota Kirloskar profit 3x in FY24

Toyota owns 89 per cent in TKM, while the remaining 11 per cent is owned by Kirloskar Systems Private Limited