Page 658 - Company News

IndiGo cofounder Gangwal sells $1.3 bn worth stake near record high

Gangwal has a fortune of $6.9 billion after adding $1.8 billion this year, according to the Bloomberg Billionaires Index, with one-third of that move coming in the past 10 days alone

Tata shelves plans for IPO of media unit after buying out Temasek

Tata may seek a valuation of more than $1 billion for the entertainment business in any potential share sale

GE Power India announces appointment of Puneet Bhatla as new MD from Sep

Puneet is no longer falling under the definition of "senior management" as per listing regulations.

LIC receives demand notice of Rs 605.58 cr for short payment of GST

The corporation has received a communication/demand order for interest and penalty for Maharashtra, LIC said in a regulatory filing

Hyundai plots SUV rollout in India as local competition mounts ahead of IPO

The SUV rollout will begin with its first India-made electric vehicle early next year

SaaS major Zoho forays into fintech space, launches Zoho Payments

According to the ministry of finance data, digital payment transactions volume reached a staggering Rs 11,660 crore in 2023 from Rs 3,134 crores in 2018-19

Govt receives Rs 5,091 cr from Indian oil corp as dividend tranche

During the current financial year 2024-25, so far Rs 10,604.74 crore has been obtained through dividend from the CPSEs

NHPC secures shareholders nod to hike borrowing limit to Rs 50,000 cr

he tentative debt requirement for both ongoing projects and new projects up to FY 2032-33 as per CAPEX requirements will be approx Rs 80,000 crore

Infosys, Nvidia expand ties to develop GenAI-powered solutions for telcos

The IT major has developed three generative AI solutions powered by its AI-offering Topaz, which make use of NVIDIA NIM inference microservices

SBI working on new version of digital banking platform: Dinesh Khara

He also said that a banker should always keep risks in mind, even though people tend to ignore the risk but that shouldn't happen

NBCC sells commercial properties worth Rs 14,800 cr in Delhi on govt behalf

In a regulatory filing, the company said it has completely sold office space inventory at World Trade Center (WTC) project in Nauroji Nagar

DGCA puts SpiceJet under enhanced surveillance, to increase spot checks

Based on reports of cancellation of flights and financial stress being experienced by SpiceJet, DGCA said it conducted a special audit of the airline's engineering facilities on August 7 and 8

Ashok Leyland unveils GARUD 15M bus chassis, commercial launch in Q4FY25

The Hinduja Group flagship company unveiled the chassis at the event organised by Bus & Car Operators Confederation of India (BOCI)

Eicher launches programme to incentivise customers scrapping old vehicles

Under the terms of the scheme, buyers of new vehicles holding a valid 'Certificate of Deposit' from any recognised scrappage center can receive incentives ranging between 1.25 per cent to 3 per cent

Drug companies move Delhi HC seeking interim relief against FDC ban

The Union Ministry of Health and Family Welfare had on August 22 issued notification banning the 156 FDC medicines saying they had no therapeutic benefits

Jio aims to add a mn broadband homes every month, says Mukesh Ambani

While speaking at RIL's 47th AGM, Ambani said JioAirFiber clocked first million customers in six month

Deal with Disney marks new era in entertainment industry: Mukesh Ambani

Welcoming Disney to the Reliance family, Ambani said just like Jio and the Retail business, the expanded media business will be an invaluable growth centre in the Reliance ecosystem

Reliance to commission first solar giga-factory this year: Mukesh Ambani

The solar giga factory will include the manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location

SBI's mega tier II debt issue may boost fundraising via such notes: Bankers

On Wednesday, India's largest lender SBI raised Rs 7,500 crore ($894.1 million) through 15-year tier II bonds, with a 10-year call option at 7.42 per cent coupon

Cybersecurity issues biggest concern for MFs: Zerodha CEO Nithin Kamath

Nilesh Shah, MD of Kotak Mahindra Asset Management Company, said the industry should leverage technology so that those not so digitally savvy are not excluded and digital frauds are minimised