Page 878 - Company News

Panasonic to form JV with IOCL to make cylindrical lithium-ion batteries

"This initiative is driven by the anticipated expansion of demand for batteries for two- and three-wheel vehicles and energy storage systems in the Indian market," it added

NTPC shuts down operations of 220 MW Barauni Stage-I project permanently

NTPC is India's largest power utility with a total installed capacity of 75,418 MW (including JVs), according to its official website

Adani Group shrugs off Hindenburg effect, back to rapid expansion spree

In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining

RIL invest over $125 bn in capex in last 10 years as it undertook expansion

Reliance is coming out of a series of long and intensive capex cycles (hydrocarbons and telecom)

Jaiprakash Associates plans to restructure bonds worth $120 million

For the last few years, the company has been selling its cement plants to reduce its huge debt

Dell Laptops continues to be India's most trusted brand, says report

The technology company was followed by auto company Honda and e-commerce giant Amazon

TCS layoffs: Over 20 employees in US cry foul, file complaint against firm

With the industry facing low demand, several of the large IT firms have been looking at ways to cut costs

TCS says it trained over 350,000 employees in generative AI skills

In 2023, it had become the first technology company to create a dedicated business unit for AI and cloud to address the growing needs of customers for cloud and AI adoption

Byju's gets 50% vote on rights issue, asks miffed investors to participate

Raveendran says firm's priorities remain with existing shareholders

Akasa Air commences int'l operations, inaugural flight from Mumbai to Qatar

Akasa will be rapidly expanding its global footprint in the coming months, the statement said

Zee Entertainment lays off 50% employees at Bengaluru's tech unit

The plan will optimise the resources and arrive at a cost-effective structure to drive continued growth for the company

Shapoorji Pallonji Group's Afcons Infra files papers for Rs 7,000-cr IPO

Moreover, the company may consider raising up to Rs 250 crore in the "pre-IPO placement" round. If such placement is completed, the fresh issue size will be reduced

Improving hiring expectations, investment gains positive for Info Edge

Naukri continues to be the market leader among recruitment portals with a database of over 95 million and a 70 per cent traffic market share in the segment

Integration challenges, valuations key hurdles for LTI Mindtree investors

Centrum Research believes that the company has sufficient operating levers that will help it report a higher margin in FY25 vs FY24

NBFC major L&T Finance Holdings receives approval for name change from RoC

In December 2023, the company had successfully completed the merger of its subsidiaries -- L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, with itself

ESAF SFB to focus on solar rooftop and electric vehicle financing

Climate change remains a significant risk factor for the bank due to its impact on agriculture-dependent customers

Simpl expands partnership with Zomato to enhance convenience for customers

Expansion is to address the growing number of consumers seeking checkout convenience. Simpl has recorded over 100 million checkouts during 2017-2023 on Zomato

Kia India looks to expand sales, service network to 700 touchpoints

The automaker has 522 touchpoints across 236 cities

Bambrew raises Rs 60 crore in Series A funding from Blume Ventures

The funding will fuel the startup's expansion into eco-friendly packaging for FMCG, F&B, manufacturing and R&D team development

Panasonic to sell entire stake in autos biz to Apollo Global Management

Panasonic said it will also acquire a 20% stake in Star Japan Holdings, the company which will own the new parent company of PAS