Page 813 - Company News

Quadria Capital acquires minority stake in NephroPlus for $102 million

"The transaction will support NephroPlus in serving the growing demand for high quality, affordable dialysis services across India and other markets in Asia," Singapore-headquartered Quadria said

Coromandel expands agtech footprint, increases shareholding in Ecozen

With this, Coromandel has increased its shareholding in Ecozen to 5.54 per cent, an increase of 3.13 per cent. Ecozen is known for its innovative and sustainable solutions

Wipro, Microsoft team up for AI virtual assistants for financial services

Wipro's new GenAI-powered cognitive assistants will operate on Microsoft Azure Open AI and will be accessible through Azure App Services

HCLTech partners with Amazon Web Services to drive GenAI adoption

The joint entity will help enterprises explore and develop GenAI-led use cases, proofs of concept, tools and solutions, and will provide clients early access to AWS's advanced GenAI services

BSNL to launch 4G services across India in August; to use indigenous tech

TCS, Tejas Networks and government-owned ITI have bagged orders worth about Rs 19,000 crore from BSNL for deploying 4G network which is upgradable to 5G

Coal India's contribution to govt exchequer up 6.4% at Rs 60,140 cr in FY24

Total levies paid to the government in March 2024 also went up by 14.8 per cent to Rs 6,069.18 crore from Rs 5,282.59 crore paid in the corresponding month of FY23

IIFL Finance facing liquidity crunch after gold loan business curbs: Report

"Banks are neither sanctioning new lines (of credit) nor disbursing from already sanctioned limits," the official at the company, who did not want to be named, said

Sterlite Power appoints Reshu Madan as CEO Global Products and Services Biz

Madan takes over the charge from Manish Agarwal who has decided to pursue an opportunity outside the company

South Indian Bank targets 11-12% deposit growth in FY25: MD & CEO Seshadri

The bank will focus more on growing its retail and micro, small and medium enterprises (MSME) portfolio

Shapoorji Pallonji Group seeks $1.2 billion loan from Power Finance Corp

As collateral for the initial loan, the SP Group pledged its 18 per cent stake in Tata Sons, the holding company of the Tata Group, according to reports

KKR to acquire Bengaluru-based medical device maker Healthium from Apax

The investment will be made through KKR's Asian Fund IV, according to Monday's statement, which didn't disclose financial details

'My personal life is mine, does not concern anyone', says Gautam Singhania

Gautam Singhania, chairman and managing director of Raymond, said that his personal life does not concern anyone in the business space as he is in the middle of a settlement dispute with his estranged

Sebi puts seven Adani Group companies on notice for regulatory violations

The company did not give details of the alleged violations or the parties involved

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure

Titan Co picks three CEO candidates; CK Venkataraman to step down in 2025

Ajoy Chawla, CEO of jewellery business; Suparna Mitra, who heads watches and wearables segment; and Saumen Bhaumik, overseeing the eyecare business, have been picked as contenders for CEO

The expendables: Is the COO position becoming redundant in India?

The COO position is being reassessed as leadership roles get recalibrated and leaders and boards want to keep their structure flat and nimble to make decisions faster than ever before

IIHL sets sights on $50 bn valuation by 2030: Chairman Ashok Hinduja

The Hinduja Group arm will raise stake in IndusInd Bank to 26%; IIHL, Aasia Enterprises acquisition of Rel Cap to meet Irdai norms

Dell Technologies at epicenter of data-intensive technology like AI: Ohrie

India is a crucial market for Dell Technologies, both in terms of size and future growth potential

JSW Infrastructure to enter Adani bastion for piece of commercial cargo

Firm to bid for mega projects like Rs 77,000 crore Vadhavan Port, Rs 44,000 crore Nicobar Port

Engaging with govt on AI, see big opportunities: Krutrim's Ravi jain

The vision is to enable the developers to do cutting-edge innovation. These platforms or tools that developers need are computing and services and that is what we have opened up