Page 772 - Company News
Kotak Mutual Fund launches Kotak Special Opportunities Fund
The fund would look for such opportunities across market capitalisation
 "Kotak Mutual Fund launches Kotak Special Opportunities Fund")
Price hike, capex moderation key for further gains in Bharti Airtel stock
Valuation is where analysts remain divided, given different assumptions on tariff hike quantum and on capex moderation
 "Price hike, capex moderation key for further gains in Bharti Airtel stock")
Bank of India acquires over 6% stake in recently incorporated CCIL IFSC
CIL IFSC is the proposed entity to build and operate a real-time foreign currency settlement system at GIFT City, the country's only operational international financial services centre
 "Bank of India acquires over 6% stake in recently incorporated CCIL IFSC")
Cognizant Technology to acquire Belcan for $1.3 bn in cash and stock
The acquisition is expected to significantly expand Cognizant's ER&D capabilities, building upon the company's existing strengths in the Internet of Things (IoT) and digital engineering practice areas
 "Cognizant Technology to acquire Belcan for $1.3 bn in cash and stock")
IPO-bound FirstCry plans to scale up its operations in global markets
The company plans to set up new modern stores and warehouses in the Kingdom of Saudi Arabia (KSA), according to the sources
 "IPO-bound FirstCry plans to scale up its operations in global markets")
Life insurance industry's new business premium grew 15.5% in May
LIC drives growth with 18.7% rise
 "Life insurance industry's new business premium grew 15.5% in May")
Reliance Power becomes debt free on standalone basis; clears pending dues
Between December 2023 and March 2024, Reliance Power signed multiple debt settlement agreements with various banks, including IDBI Bank, ICICI Bank, Axis Bank and DBS
 "Reliance Power becomes debt free on standalone basis; clears pending dues")
Pizza chain Domino's plans to operate 4,000 outlets in four years
With 2,000 outlets in 421 cities, chain shifts focus to dine-in
 "Pizza chain Domino's plans to operate 4,000 outlets in four years")
Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis
Continues to be the largest shareholder
 "Blackstone mops up Rs 6,736 crore from 15.1% stake sale in Mphasis")
SAIL-Bhilai supplies 4,000 tonnes of heat-treated rails to Railways
The commercial production of R350 HT rails started at the universal rail mill in October last year after successful trials and clearance from the research wings of SAIL and the Railways
 "SAIL-Bhilai supplies 4,000 tonnes of heat-treated rails to Railways")
HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI
The company says that the solutions will effectively enable business leaders to focus on real-world outcomes and help development teams to build next-gen AI-powered applications with ease
 "HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI")
Nvidia triggers speculations over possible Dow inclusion after stock split
The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company's outstanding shares without changing the stock's valuation
 "Nvidia triggers speculations over possible Dow inclusion after stock split")
HCL Technologies launches Enterprise AI Foundry to speed up GenAI-led biz
An HCL Tech release said that the integrated suite of assets combines data engineering and Artificial Intelligence (AI) with cognitive infrastructure to accelerate Generative AI-led transformation
 "HCL Technologies launches Enterprise AI Foundry to speed up GenAI-led biz")
Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs
The two companies have signed a Memorandum of Understanding (MoU), under which the first 100 units of e-C3 were flagged off, Citroen India said in a statement
 "Citroen inks MoU with CAB-EEZ Infra Tech to supply 2,000 units of e-C3 EVs")
Jaypee Infra insolvency: Suraksha to pay 1st tranche to YEIDA before Aug 24
Suraksha Group may soon infuse Rs 125 crore equity fund to start construction of stalled housing projects across Delhi-NCR
 "Jaypee Infra insolvency: Suraksha to pay 1st tranche to YEIDA before Aug 24")
Suspended board of Jaiprakash Associates moves NCLAT over insolvency order
The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order
 "Suspended board of Jaiprakash Associates moves NCLAT over insolvency order")
Chargesheets to cabin crew can be detrimental: Air India Express Union
In a letter to Air India Express chief Alok Singh on Sunday, the Union also warned the Tata Group-run airline's management that such actions could be detrimental to the interests of the company
 "Chargesheets to cabin crew can be detrimental: Air India Express Union")
Heritage Foods shares soar; Naidu's family wealth rises by Rs 1,200 cr
Heritage Foods Ltd's shares: TDP leader Chandrababu Naidu's wife, Bhuvaneswari Nara, and son, Nara Lokesh, hold 24.37% and 10.82% stakes in the company
 "Heritage Foods shares soar; Naidu's family wealth rises by Rs 1,200 cr")
Upgrading acquired Stelis unit to triple Syngene's biologics capacity by H2
The company plans to expand research and manufacturing facilities, allocates Rs 500 cr capex for FY25
 "Upgrading acquired Stelis unit to triple Syngene's biologics capacity by H2")
Kalpataru Projects International board to raise Rs 300 cr through NCDs
The NCDs will be listed at the Wholesale Debt Market Segment of BSE Ltd
 "Kalpataru Projects International board to raise Rs 300 cr through NCDs")