Page 862 - Company News

Bank of India signs pact with IMGC for mortgage guarantee on home loans

IMGC's guarantee will mitigate the risk of defaults for the bank, allowing it to potentially offer more favourable loan terms to borrowers, the company said in a statement

ShareChat raises $49 mn via convertible debentures from existing investors

The new funds will be utilized to bolster the company's robust monetisation plans and propel it on its path to break-even and beyond, said Ankush Sachdeva, CEO and Cofounder, ShareChat and Moj

TCS expands presence in Brazil with new delivery centre in Londrina

Tata Consultancy Services employs around 1,700 professionals in Londrina and will be generating more than 1,600 new jobs through this centre

Ramkrishna Forgings bags Rs 270 crore order for Vande Bharat trains

The scope of the project involves the development and validation of the bogie frames for the sleeper version of the Vande Bharat train sets, Ramkrishna Forgings Ltd (RKFL) said in a statement

Vodafone Idea allocates Rs 5,720 crore for 5G from FPO proceeds

The company's goal is to extend 5G coverage to 40 per cent of its current revenue base within the next 24-30 months.

ShareChat raises $49 mn via convertible debentures from existing investors

ShareChat app is already operationally profitable, and short video app Moj is expected to achieve operational profitability over the next few months, it said

Vedanta Group mandates JPMorgan to arrange $300 million India bond

A Vedanta spokesperson said the group continues to exercise refinancing and capital-raising activities from diverse sources as it seeks to improve its debt and cash profile

Vi expects 5G rollout in 6-9 months after FPO worth Rs 18,000 crore

The Vi share was trading 0.93% up at Rs 13.08 apiece on the BSE at 13.35 hours on Monday

Honda Motors commences work for new warehouse facility in Karnataka

The development project of the facility will be undertaken by Sumitomo Mitsui Construction Company (SMCC), Honda said

Ambuja to acquire My Home Group's grinding unit in TN for Rs 413.75 cr

The total cement capacity of Adani Group stands at 78.9 MTPA, the company said

NFRA slaps fine of Rs 4.5 cr on auditors for Reliance Capital audit lapses

As per the consolidated financial statements for 2018-19, Reliance Capital had loans from banks of around Rs 12,000 crore and other external borrowings of around Rs 32,000 crore

US-based Hedge fund Shah Capital urges Novavax board shake-up: Report

The hedge fund called for Suresh Katta and Venkat Peri, who are chief executives of other biotech firms, to be nominated for the independent board roles

Byju Raveendran to take over firm's daily ops after CEO Mohan's resignation

This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company," the company said

TCS looking to increase prices to boost operating margins: CFO Seksaria

The company said it is expecting a "better" fiscal 2025 on a robust deal pipeline including a record $13.2 billion worth of orders in the reporting quarter

Tesla inks semiconductor deal with Tata electronics for global operations

This agreement comes amid Elon Musk-led Tesla's eagerness to penetrate Indian market, and his scheduled visit to the country this month

Zomato's improved profits, 260% stock surge leaves analysts scrambling

The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise

Nepalese billionaire who sold 'Wai Wai' aims to list India unit by 2026

Chaudhary Group launched the Wai Wai noodle four decades ago in Nepal's capital Kathmandu, and has since grown to become India's third largest brand

Tata Electronics ups hiring in Hosur iPhone hub; to add around 35,000 more

Taiwanese major, Foxconn, is the largest manufacturer of iPhones in India, contributing to around 67%

TCS will continue to hire despite decrease in headcount: CHRO Lakkad

Milind Lakkad says TCS has begun FY25 campus hiring and given offer letters to 11,000 freshers

LIC sees 59% increase in value of investments in Adani Group stocks

Last year, the insurance giant faced intense scrutiny over its decision to invest in the Adani group amidst a political slugfest after allegations of stock manipulation fuelled by Hindenburg report