Page 744 - Company News

Torrent Power seeks shareholders nod to raise up to Rs 5,000 cr via equity

In a notice, the company said that there is an ongoing requirement of working capital and capex for upgradation/ expansion of the company's power generation

SAIL to make Rs 6,500 cr capex investment in FY25: CMD Amarendu Prakash

In the first phase from the capacity of 20 million tonnes, we go to 35 million tons tonnes per annum by 2031. In the next phase, we will make it 50 million tonnes, the SAIL CMD told reporters

Microsoft announces 3rd round of layoffs as tech sector continues to bleed

Number of job cuts in tech sector has crossed 100,000 with major companies like Google and Toshiba also handing out pink slips

IEX board reappoints SN Goel as CMD, promotes Rohit Bajaj as Joint MD

The board noted that Goel will attain the age of 70 years on August 10, 2024, and consequently, as per Companies Act, 2013, his term as Managing Director will end

Auto component maker SAMIL raises $350 mn through issuance of notes

Auto components maker Samvardhana Motherson International Ltd on Friday said it has raised USD 350 million (around Rs 2,920 crore) through the issuance of notes.

In a first, Swiggy launches 'Eatlists' feature to share food recommendation

Swiggy's 'Eatlists' feature will allow food enthusiasts to compile and share their favourite dishes directly within the Swiggy app

JSW Energy plans Rs 15,000 crore capex in FY25, says Sajjan Jindal

In April 2024, JSW Energy had raised Rs 5,000 crore of equity through a QIP issue to build a war chest for accelerating its growth ambitions

Hexaware sets up new office in Coimbatore to focus on data, testing skills

The new office would focus on data and testing skills in data modernisation, automation, cloud, software development, data compliance, gen AI among others

Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr

The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram

Has Airtel's customer database been breached by hackers? Company says this

A hacker had posted on X that data of nearly 375 million Airtel customers, including phone numbers, email addresses, and Aadhaar numbers, were supposedly for sale on the dark web

Thermax Babcock bags order worth Rs 513 cr to supply 2 boilers in Botswana

The company will supply two 550 TPH CFBC (circulating fluidised bed combustion) boilers over a period of 23 months

Airtel ordered to pay Rs 5 lakh fine for harassing customer in 2013 case

Airtel began harassing a customer for non-payment of dues despite the funds being credited to telecom giant's accounts

Remove social media post that claimed centipede found in Amul ice cream: HC

Justice Manmeet PS Arora further restrained the customer from posting and uploading any other identical or similar content on social media platforms until further orders

Kalyan Jewellers revenue growth surges 27% in Q1 FY25, plans expansion

The company had reported a consolidated net revenue of Rs 4,376 crore in the first quarter (April-June) of the 2023-24 fiscal year

Strong loan growth for small finance banks in Q1FY25, Casa declines

The deposits of the SFBs posted a double-digit increase from the quarter ended in June 2024. Deposits of Equitas SFB grew by 35.40 per cent, Capital SFB by 10 per cent, and Suryoday SFB by 42 per cent

HDFC Bank's loan book shrinks in June quarter, deposits flat sequentially

The deposit book as of June 30 was Rs 23.79 trillion, almost flat compared to the previous quarter. Deposit growth was 16.5 per cent year-on-year, excluding the impact of the merger

Dr Reddy's, Sun Pharma recall drugs in US due to production issues: USFDA

New Jersey-based Dr Reddy's Laboratories, Inc., a unit of Hyderabad-based drug major, is recalling 13,752 bottles of Eszopiclone tablets

Raymond to demerge real estate business, list realty vertical on exchanges

In a regulatory filing, the company said its board has approved the scheme of arrangement of Raymond Ltd (demerged company) and Raymond Realty Ltd (resulting company) and their respective shareholders

National policy on farmer producer organisations for cheaper loans

Suggests making Amul-like three-tier institutional architecture for FPOs

Reliance Jio tops with AGR at Rs 25,331 cr, Airtel sees steepest growth

State-owned BSNL and MTNL posted declines of 4.41 per cent and 13.78 per cent in AGR to Rs 1991.61 and Rs 156.61 crore, respectively