Page 661 - Company News

Hero MotoCorp planning to invest Rs 900 cr in 3-wheeler startup Altigreen

If the transaction goes ahead, this will be the second largest investment by Hero in an electric vehicle (EV) maker

After 2-year delay, Infosys finally sends joining dates to 1,000 graduates

If Infosys fails to honour commitment and breaches joining date, NITES will organise a protest right in front of its office, said Harpreet Singh Saluja, president of the IT employee union

Brigade Enterprises launches QIP issue to raise funds up to Rs 1,500 cr

Bengaluru-based Brigade Enterprises plans to raise up to Rs 1,500 crore by selling equity shares to institutional investors as part of its strategy to expand business.

Daikin, world's no 1 air-conditioner maker, to expand capacity in India

With its rising middle class, India is one of the world's fastest-growing markets for air conditioners, set to surpass the US to become the second-largest behind China by 2036, according to IEA

NMDC reports 9.9% drop in iron ore production at 3.07 mn tonnes in August

The company had produced 3.41 MT of iron ore in the corresponding month of the previous fiscal, NMDC said in a regulatory filing

Vodafone Idea slapped with Rs 73 cr GST demand orders, penalty, interest

The company has received nine orders from various GST offices mostly for alleged short payment of taxes and allegedly availing excess input tax credit (ITC)

From Google to Amazon, TN turns top AI destination for global majors

The global giant Google is betting big on the state for a long-term play in AI, as the Tamil Nadu AI Labs by the company is set to be on track soon

Ireda plans to raise around Rs 29,500 crore in debt, equity in FY25

IREDA is expecting it to be included in the list of companies that can raise funds through bonds covered under 54EC of the Income Tax Act

GPIL's Samir Modi pushes for personal votes over trustee block at AGM

Samir says that his removal as director, despite having a tenure until September 2026, will require 51 per cent of the shareholders agreeing at the AGM

Maruti slashes prices of Alto K10, S-Presso variants amid drop in sales

In August alone, MSIL sold a total of 10,648 units of the two mini cars, recording a drop of 12.8% Y-o-Y

WazirX plans restructuring, seeks white knight; users set to lose 43% funds

WazirX customers may get anywhere between 55-57 per cent of funds back

Sterlite Tech to pay Rs 4 cr to Data Management Centre for settling dispute

Data Management Centre had claimed damages worth $2.7 million (about Rs 23 crore) before Singapore International Arbitration Centre against Sterlite Technologies (STL) for delay and failure

A new technological gamechanger: Can RIL do a Jio in AI services?

To ensure that AI is available to everyone, Reliance is building a delivery model where AI services and processing will be hosted on the Cloud over low latency broadband networks

Entrepreneur Siddhartha Yog buys over one mn shares of Trent for Rs 718 cr

According to the block deal data available on the National Stock Exchange, Siddhartha Yog bought 1,009,200 shares, amounting to a 0.3 per cent stake in Trent

Volkswagen considers closure of historic German plant to cut cost

VW has lost almost a third of its stock market value over the past five years, making it the worst performing stock among the major European carmakers

Horizon Industrial Parks to invest Rs 700 cr to redevelop CWC's warehouses

In a statement on Monday, the company said it has been "chosen as the lead partner by the Central Warehousing Corporation (CWC) to manage a portfolio of 13 last-mile logistics assets"

Infosys initiates formalities for onboarding graduates from 2022-batch

While IT union Nascent Information Technology Employees Senate (NITES) claimed that the company has already issued letters to over 1,000 campus hires

SC seeks Himachal govt's reply on Adani Power plea for Rs 280 cr refund

The bench of Justices M M Sundresh and Aravind Kumar, however, refused to stay the Himachal Pradesh High Court order overturning a single-bench's decision

Vedanta board approves 3rd dividend of Rs 7,821 cr for Rs 20 per share

The steady flow of dividends and appreciation in capital for investors has helped in generating a five-year total shareholding return and dividend yield of 276 per cent and 65 per cent, respectively

Adani Green approves pacts for TotalEnergies' $444 mn investment in JV

This comes after the company and the French oil major had inked a $300 million deal to build renewable capacity in India, where the bulk of energy requirements are still met by coal