Page 832 - Company News

Downside risk in Persistent Systems remains despite price correction

Due to several headwinds, brokerages have reduced their earnings per share estimates for FY25 by 5-8%

Changing complexion: Adani stocks now have prominent investor base

FPIs in question no longer have significant exposure to these stocks

Poor risk assessment root of asset quality concerns: SBI chief Khara

Khara asserted that the 25-year-old SBI Cards has been able to manage the asset quality well because of its focus on risk assessmen

Vedanta Resources eyes various fundraise options for Zambia copper mine

Vedanta Resources owns an 80% stake in the mining firm

Aionos to bridge silos within aviation, hospitality using AI: Rahul Bhatia

Aionos, wherein IGE will hold the majority shareholding, was launched here on Tuesday in presence of Gurnani and Bhatia

AU SFB launches multiple products like credit cards with exclusive features

Among the latest offerings are 2 innovative credit cards: the AU SPONT Rupay Credit Card and Secured Credit Card - NOMO (No Missing Out), developed in collaboration with NPCI and VISA, respectively

SBI Card introduces inaugural travel-centric core credit card 'MILES'

The card promises comprehensive travel benefits, including the conversion of Travel Credits to Air Miles and Hotel Points, enhanced rewards on all travel bookings, and access to airport lounges

CCI clears International Finance Corp's acquisition of debentures in Napino

The deals beyond a certain threshold require approval from the regulator, which keeps a tab on unfair business practices as well as promotes fair competition in the marketplace

Unmonetised 5G holding back Reliance Jio's Arpu; tariff hike likely soon

Jio has the world's largest 5G subscriber base for any operator outside China now, but ARPU static for 3-straight quarters

Google fires 20 more employees over protest against Project Nimbus contract

Google's employees staged protests against the company's collaboration with the Israeli government on "Project Nimbus", a $1.2 billion cloud computing initiative

Apple's Q1 smartphone shipments in China down by 19%, worst since 2020

Apple lost its crown as the biggest smartphone seller in China to rival Vivo

Special audit starts at IIFL Fin after RBI restricted gold loan sanction

RBI's inspection had indicated a lack of adherence to the standard auction process and a lack of transparency in charges being levied on customer accounts

Airtel launches international roaming packs starting at Rs 133 per day

The new range of packs covers 184 countries and offers enhanced data benefits, in-flight connectivity and 24x7 contact centre support, according to a company statement

IIFL Finance's RBI-directed audit starts after March gold loan ban

The RBI said in March that the restrictions will be reviewed after completion of a special audit and the company's rectification of the audit findings

Byju's continues facing cash crunch as NCLT defers hearing to June 6

Byju's and its investors are fighting at the National Company Law Tribunal (NCLT) over the company's rights issue of $200 million in a petition alleging oppression and mismanagement

Govt gets Rs 3,443 crore special dividend from TCIL, says Dipam secy

Established in 1978, TCIL is an engineering and consultancy and a profit-making organisation since its inception, as per its website

Is your apology as big as your advertisements? SC asks Patanjali

"Does it cost the same tens of lakhs of rupees for the full-page advertisements you published? We are wondering," Justice Kohli asked

IndiGo to introduce entertainment unit on trial basis on Delhi-Goa route

It will be the first time that the country's largest airline will offer in-flight entertainment content for passengers

NBCC secures new work orders worth Rs 23,500 crore in 2023-24 fiscal

Among the major orders received in 2023-24, NBCC said it has got additional FAR (floor area ratio) works in Amrapali worth about Rs 10,000 crore

As silver price rally, Hindustan Zinc's plans entry into value-adds

Hindustan Zinc appoints Hugo Schumann as head of silver division to intensify focus on the white metal