Page 764 - Company News
RCap resolution: NCLT defers matter on IIHL plea for deadline to June 25
The matter was heard on Thursday and the NCLT Bench further directed the matter to be listed on June 25, 2024, Reliance Capital said in a regulatory filing
 "RCap resolution: NCLT defers matter on IIHL plea for deadline to June 25")
Dee Development Engineers IPO subscribed 8.99 times on Day 2 of offer
The Rs 418 crore initial share sale received bids for 134,284,887 shares against 14,944,944 shares on offer, as per NSE data
 "Dee Development Engineers IPO subscribed 8.99 times on Day 2 of offer")
Meril launches indigenously developed knee-replacement robotic system
The company claimed that at Rs 2 crore, MISSO is priced around 66 per cent lower than the available robotic knee replacement systems in the Indian market
 "Meril launches indigenously developed knee-replacement robotic system")
Akme Fintrade IPO gets 11.61 times subscription on 2nd day of offer
The price range for the offer is Rs 114-120 per share
Tata Communications raises $250 million sustainability-linked loans
ANZ acted as the lead sustainability coordinator for the loan, while DBS Bank and EDC were the joint sustainability coordinators
 "Tata Communications raises $250 million sustainability-linked loans")
SC stays criminal proceedings against IREO Group, Oberoi Realty MDs
The top court was hearing a plea filed by IREO and the Oberoi groups challenging the June 6 order of the Punjab and Haryana High Court that upheld registration of FIR
 "SC stays criminal proceedings against IREO Group, Oberoi Realty MDs")
Tata Motors Fleet Verse: A comprehensive digital marketplace for CVs
Fleet Verse has five key features to ensure a comprehensive and user-friendly experience for customers
 "Tata Motors Fleet Verse: A comprehensive digital marketplace for CVs")
Uber launches EV service, Uber Green, in Kolkata to curb emissions
The company has committed to becoming a zero-emissions mobility platform by 2030 in Europe and North America, and globally by 2040
 "Uber launches EV service, Uber Green, in Kolkata to curb emissions")
AI platform OrbitShift raises $7 million to expand product footprint
OrbitShift claims that it has reduced research and sales planning time by 40-50%
 "AI platform OrbitShift raises $7 million to expand product footprint")
IHH, Sunway among bidders for Affinity's Malaysian hospital: Report
Private equity firms CVC Capital Partners and TPG Capital also submitted initial bids, one of the sources said
 "IHH, Sunway among bidders for Affinity's Malaysian hospital: Report")
Biocon searches for partner to test generic Wegovy, Ozempic in China
Biocon's generics would join at least 15 other generics or biosimilars in development by Chinese drugmakers ahead of an expiry of patent protection on semaglutide
 "Biocon searches for partner to test generic Wegovy, Ozempic in China")
70% CEOs ramping up tech investments to improve biz in next 1 year: Report
EY's CEO Outlook Pulse Survey 2024 said that 80 per cent of the CEOs surveyed were optimistic regarding their companies' revenue prospects
 "70% CEOs ramping up tech investments to improve biz in next 1 year: Report")
Tata Steel, ICAR-NRRI join Odisha govt to reclaim acidic soils in state
The collaboration aims to utilize industrial waste, such as basic oxygen furnace (LD) slag and fly ash, as soil amendments to reclaim acidic soils in Odisha
 "Tata Steel, ICAR-NRRI join Odisha govt to reclaim acidic soils in state")
Malaysia-bound flight returns back to Hyderabad due to technical snag
The Boeing 737-800 aircraft departed at 12:45 am from Hyderabad and was scheduled to land at Kuala Lumpur International Airport at 7:10 am but it returned back around 4 am due to technical reasons
 "Malaysia-bound flight returns back to Hyderabad due to technical snag")
Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore
Ola Electric IPO: The the first public offering by an EV startup in India includes an offer-for-sale component of 95.2 million shares
 "Ola Electric receives Sebi approval for IPO; looks to raise Rs 5,500 crore")
Vedanta to raise $120 million by issuing non-convertible debentures
In the past two months, Vedanta's board has already approved raising up to $300 mn through debentures
 "Vedanta to raise $120 million by issuing non-convertible debentures")
Why does the rise of Nvidia and AI remind people of the dot-com boom?
Chipmaker Nvidia surpassed Microsoft to become the world's most valuable company amid the AI boom. Are there parallels with the dot-com boom and bust?
 "Why does the rise of Nvidia and AI remind people of the dot-com boom?")
WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 cr
WestBridge Capital, through its affiliate Westbridge AIF I, sold shares of the Jaipur-based AU Small Finance Bank through a bulk deal on the National Stock Exchange
 "WestBridge Capital sells 1.7% stake in AU Small Fin Bank for Rs 845 cr")
Air India banks on artificial intelligence to cut call centre costs
The airline had launched its own chatbot AI.g, earlier known as Maharaja, in May 2023
 "Air India banks on artificial intelligence to cut call centre costs")
TaMo announces third price hike for CVs in 2024 amid rising commodity costs
The hike will be applicable across the entire range of commercial vehicles, with variations depending on individual models and variants