Page 760 - Company News
Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries
The Offer-for-Sale (OFS) will open on Wednesday for non-retail investors and on Thursday for retail investors, Sanghi Industries said in a regulatory filing on Tuesday evening
 "Ambuja Cements, Ravi Sanghi to offload 3.52% stake in Sanghi Industries")
Vedanta Resources to sell 2.6% stake in Indian miner Vedanta in about-turn
Vedanta Resources will sell the stake through its unit Finsider International, which held a 2.63 per cent stake in Mumbai-listed Vedanta
 "Vedanta Resources to sell 2.6% stake in Indian miner Vedanta in about-turn")
Reliance Retail begins pilot runs for quick grocery delivery in Mumbai
Reliance Retail's new fast-delivery service is integrated into the JioMart mobile application under the 'hyperlocal delivery' option. The platform aims to bring delivery time down to 30 mins
 "Reliance Retail begins pilot runs for quick grocery delivery in Mumbai")
Wipro's female workforce sees significant drop, declines by 8,126 in FY24
At Wipro, reports of sexual harassment complaints more than doubled in FY24, totalling 182 cases compared to 70 in FY23
 "Wipro's female workforce sees significant drop, declines by 8,126 in FY24")
We are already seeing green shoots; FY25 will be a better year: LTIMindtree
When it comes to generative AI work, LTIMindtree has over 140 projects in production in this category
 "We are already seeing green shoots; FY25 will be a better year: LTIMindtree")
Clients across industries eager to harness the power of AI: Wipro CEO
The IT services company has trained more than 225,000 associates in basic GenAI and holds 470 AI patents, says Srini Pallia
 "Clients across industries eager to harness the power of AI: Wipro CEO")
Fabric maker Raymond to add over 100 stores of ethnic wear brand in FY25
Raymond, which has introduced Ethnix format couple of years ago as a brand for occasions and celebrations, now has over 114 stores
 "Fabric maker Raymond to add over 100 stores of ethnic wear brand in FY25")
Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity
Bulk of the investments will be in the airport and green energy businesses, says senior executive
 "Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity")
Officer's Choice whisky maker Allied Blenders' IPO subscribed 51% on Day 1
The Rs 1,500-crore initial share sale received bids for 2,01,69,680 shares against 3,93,71,669 shares on offer, as per NSE data
 "Officer's Choice whisky maker Allied Blenders' IPO subscribed 51% on Day 1")
Luxury furniture brand Stanley Lifestyles IPO subscribed over 96 times
The Rs 537 crore initial share-sale received bids for 98,56,97,520 shares against 1,02,41,507 shares on offer, according to NSE data
 "Luxury furniture brand Stanley Lifestyles IPO subscribed over 96 times")
Strong growth metrics gives food aggregator Zomato an edge over Swiggy
Zomato's existing live event business -- Zomato Live -- is currently posting a revenue run-rate of Rs 350-400 crore
 "Strong growth metrics gives food aggregator Zomato an edge over Swiggy")
Rs 2 trillion funds tied up for expansion, says Adani Green Energy
'The entire funding for the expansion to 50 GW from the current capacity of 10.9 GW has been tied up already.'
 "Rs 2 trillion funds tied up for expansion, says Adani Green Energy")
B2B SaaS firm Rocketlane raises $24 million in Series-B funding round
The firm claims that the latest funding comes even as it has $11 million in reserves. In total, it has raised $45 million in funding to date
 "B2B SaaS firm Rocketlane raises $24 million in Series-B funding round")
Retailers advance sales as customers stayed indoors in May to avoid heat
The mid-year end-of-season sales start typically mid-June and go on till the end of July. A few pieces go on heavy discounts towards the Independence Day weekend
 "Retailers advance sales as customers stayed indoors in May to avoid heat")
Jet Airways' Naresh Goyal moves HC, seeks extension of interim medical bail
Goyal, 75, has now filed an application seeking extension of the same. The plea said his medical condition continues to remain poor and that he has also lost his wife to cancer on May 16
 "Jet Airways' Naresh Goyal moves HC, seeks extension of interim medical bail")
Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests
However, he will continue with the company beyond his notice period, till October 31, 2024, to ensure a smooth transition
 "Mahindra Finance's CFO Vivek Karve resigns; to pursue other interests")
Tata Electronics collab with Synopsys for design automation in Dholera
The chip design expertise from Synopsys will be utilised in Tata's upcoming semiconductor facilities in Gujarat and Assam
 "Tata Electronics collab with Synopsys for design automation in Dholera")
Snapchat announces new safety features with a focus on teenage users
The company on Tuesday introduced the features on the platform with the aim of making it difficult for strangers to contact people randomly
 "Snapchat announces new safety features with a focus on teenage users")
NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29
The board of directors is scheduled to meet in New Delhi on Saturday, June 29, to consider issue of debentures up to Rs 12,000 crore
 "NTPC board to consider raising up to Rs 12,000 cr via bonds on Jun 29")
Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas
The project will involve a 'state-of-the-art advanced materials site' on 35 acres in Beaumont, Texas
 "Kumar Mangalam Birla to invest $50 mn to build new chemical plant in Texas")