Page 717 - Company News
Loan growth, higher return ratio hopes positive for Bandhan Bank
The operating expenses grew 21 per cent Y-o-Y but reduced 8 per cent Q-o-Q to Rs 1,590 crore, which was lower than expectations
 "Loan growth, higher return ratio hopes positive for Bandhan Bank")
Tata Steel gets 5.57 bn equity shares in Singapore-based arm for $875 mn
In May, Tata Steel's board had approved infusion of funds into T Steel Holdings Pte Ltd (TSHP), by way of subscription to equity shares in one or more tranches
 "Tata Steel gets 5.57 bn equity shares in Singapore-based arm for $875 mn")
Take down tweets defaming allopathy: Delhi HC to Patanjali Ayurved
Court says disparaging claims undermine ayurveda's credibility
 "Take down tweets defaming allopathy: Delhi HC to Patanjali Ayurved")
Tata International to nearly double sustainable leather production in 4 yrs
Phoenix Leather, eco-friendly product under Earthcare Leather range has been developed through patented collaboration with CLRI, which marks a significant advancement in sustainable leather technology
 "Tata International to nearly double sustainable leather production in 4 yrs")
Power company CESC acquires 64% stake in Purvah Green Power for Rs 205 cr
Power company CESC Ltd on Monday said it has acquired 63.91 per cent equity shares in Purvah Green Power for Rs 205 crore.
 "Power company CESC acquires 64% stake in Purvah Green Power for Rs 205 cr")
Adani Energy Solutions likely to divest Dahanu unit to Adani Power
Last week, Adani Energy took an impairment of Rs 1,506 crore on the asset
 "Adani Energy Solutions likely to divest Dahanu unit to Adani Power")
PwC India, Microsoft India ink agreement to strengthen cybersecurity
With Microsoft Copilot for Security, PwC India said it would be able to help clients "better understand their risk profile, make informed decisions and mitigate new threats."
 "PwC India, Microsoft India ink agreement to strengthen cybersecurity")
Arvind Q1 results: Profit dips 37.25% to Rs 43.73 cr, revenue falls 1.2%
The company had posted a net profit of Rs 69.70 crore in the April-June quarter a year ago, Arvind Ltd said in a regulatory filing
 "Arvind Q1 results: Profit dips 37.25% to Rs 43.73 cr, revenue falls 1.2%")
Airtel begins re-farming mid-band spectrum to meet growth in 5G traffic
The 5G subscriber bases of both Airtel and Jio are rising at a fast clip. Airtel had about 72 million 5G subscribers, while rival Jio had 108 million subscribers as of March end
 "Airtel begins re-farming mid-band spectrum to meet growth in 5G traffic")
Hindustan Zinc to explore avenues of zinc applications in batteries: Hebbar
The company will explore avenues of zinc applications in batteries alongside its focus on volume enhancement, reduction in cost of production and creating value for stakeholders
 "Hindustan Zinc to explore avenues of zinc applications in batteries: Hebbar")
Power Grid planning Rs 40,000 cr undersea interconnection with Middle East
A high voltage direct current cable will go from the seabed with a capacity of up to 2,500 MW, he said, adding that it will cost Rs 35,000-40,000 cr and will take up to six years to complete
 "Power Grid planning Rs 40,000 cr undersea interconnection with Middle East")
After Air India, Vistara announces VRS scheme for permanent ground staff
In a message sent to its employees, Vistara stated that all permanent ground staff, who had worked with the airline for five continuous years, can take part in the VRS scheme
 "After Air India, Vistara announces VRS scheme for permanent ground staff")
Govt puts privatisation of Container Corporation of India on backburner
Although Cabinet approval for the Concor sale was accorded in 2019, no worthwhile progress has so far been made, and even an Expression of Interest (EOI) has not been invited for the strategic sale
 "Govt puts privatisation of Container Corporation of India on backburner")
HZL market cap up nearly 477 times to Rs 2.8 trn, says Chairperson Hebbar
The company supplies its products to more than 40 countries and holds a market share of about 75 per cent of the primary zinc market in India
 "HZL market cap up nearly 477 times to Rs 2.8 trn, says Chairperson Hebbar")
Exide Industries' lithium-ion cell project phase-I to be completed by FY25
Exide embarked on the journey to set up the facility in 2021
 "Exide Industries' lithium-ion cell project phase-I to be completed by FY25")
White Matter Advisory acquires 90% stakes in fintech startup Fairexpay
The integration of Fairexpay's capabilities is expected to provide White Matter Advisory with a competitive edge in the cross-border remittance and fund collection market
 "White Matter Advisory acquires 90% stakes in fintech startup Fairexpay")
Adani Wilmar posts Rs 313 cr profit in June quarter on higher income
The total income rose to Rs 14,229.87 crore during the April-June period this fiscal from Rs 12,994.18 crore in the corresponding period of the previous year
 "Adani Wilmar posts Rs 313 cr profit in June quarter on higher income")
PwC and Microsoft team up in India to boost cybersecurity with Copilot
Faster removal of threat actors can be achieved with Microsoft Incident Response swiftly, identifying and evicting bad actors, while PwC India focuses on rebuilding mission-critical systems securely
 "PwC and Microsoft team up in India to boost cybersecurity with Copilot")
CSB Bank Q1 results: Profit falls 14% to Rs 113 cr due to rise in bad loans
The private sector lender had earned a net profit of Rs 132 crore in the year-ago period
 "CSB Bank Q1 results: Profit falls 14% to Rs 113 cr due to rise in bad loans")
Vedanta Nico inks pact for supplying nickel to US-based AEsir Technologies
Nickel plays an important role in EV battery technology, particularly in the cathode, where it enhances energy density, power output, and battery lifespan
 "Vedanta Nico inks pact for supplying nickel to US-based AEsir Technologies")