Page 836 - Company News

Experion Developers to invest Rs 1,500 cr to build new projects in Noida

Experion Developers CEO Nagaraju Routhu said the company is entering Noida, which is an important real estate market in Delhi-NCR

NCLT admits personal insolvency plea against Zee's Subhash Chandra

IBHF moved a petition to initiate personal insolvency against Chandra after a Rs 170 cr loan turned into NPAs

Cognizant, Microsoft announce partnership to expand adoption of GenAI

Cognizant purchased 25,000 Microsoft 365 Copilot seats for Cognizant associates, along with 500 Sales Copilot seats and 500 Services Copilot seats

Sanjay Mashruwala resigns as MD of Reliance Jio with effect from June 9

Mashruwala, 76, has been a key executive with Reliance since founder Dhirubhai Ambani's times and has been involved with several of its projects and business initiatives

NCLAT order of Jet Airways takeover shocking, unacceptable: SBI tells SC

The lenders have appealed against this order in the Supreme Court

IndusInd Bank successfully executes RBI's programmable CBDC pilot

For this pilot, IndusInd Bank collaborated with circularity innovation hub

Rallis Q4 result: Loss narrows to Rs 21 cr, operational revenue down 16%

The company has reported a loss of Rs 69 crore during the corresponding quarter of the previous financial year, Rallis India said in a regulatory filing

Honasa Consumer's The Derma Co hits annual revenue run rate of Rs 500 crore

The company's stock price was up by 4.8 per cent at the close of the market hours, on the back of the update from the company

Paytm unveils Made-in-India soundboxes for UPI, credit card on UPI payments

Founder and CEO Vijay Shekhar Sharma said the advanced soundboxes provide superior sound quality and battery life, making them better suited to Indian conditions

Paytm Payments Bank board is independent, says CEO Vijay Shekhar Sharma

Paytm Payments Bank's parent is One 97 Communications, popularly known as Paytm for its digital payments app. One97 owns 49% in the payments bank, while Sharma holds the remaining 51%

Gajanan S Kale takes over as CEO of Tata Power Delhi Distribution

Before joining Tata Power-DDL, Kale served as the Chief Executive Officer of TP Western Odisha Distribution Limited (TPWODL) since 2021

AdaniConneX in talks with banks to raise $900-950 mn in offshore loan

The funding arrangement entails an interest rate set at 250-260 basis points above the Secured Overnight Financing Rate (SOFR) and spans a duration of six years

India averts travel chaos as plane technicians call off Tuesday strike

Travel plans were thrown into disarray earlier this month after Vistara, jointly owned by Air India's owner Tata Group and Singapore Airlines Ltd., was forced to cancel more than 100 flights

Zydus Lifesciences launches generic drug for overactive bladder in US mkt

The drug will be manufactured at the Zydus group's formulation manufacturing facility in Ahmedabad SEZ, India, the drug maker said

TCS, Infosys, Wipro see salary bills surge even as revenue growth slows

Lateral hiring in high-demand sectors like artificial intelligence (AI), machine learning (ML), cloud, and engineering services are the reason behind the surge

Ordering food from Zomato to get costlier as the company hikes platform fee

Zomato processes somewhere between 2-2.2 million orders daily, suggesting that a Rs 1 increase, from Rs 4 to now Rs 5, could boost the company's quarterly earnings

Salesforce abandons talks to acquire data-management firm Informatica

Informatica's shares closed at $35.19 on Friday, valuing the Redwood City, California-based company at about $11.2 billion, including debt

USFDA pulls up Natco Pharma for several violations at Telangana plant

The US health regulator stated that the company failed to thoroughly investigate any discrepancy or failure of a batch or any of its components to meet any of its specification

Hero MotoCorp opens assembly facility with 75,000 units capacity in Nepal

The facility will have a capacity of 75,000 units per annum and will bring new investments and create job opportunities in the region, Hero MotoCorp said in a statement

Expect rural sales contribution at record levels in FY25: Hyundai official

The automaker plans to further expand its presence in smaller towns as it firmly believes that for the nation to prosper, both rural and urban regions must progress in tandem, COO Tarun Garg said