Page 879 - Company News

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

Force Motors to shut down its agricultural tractors business from March 31

In financial year 2023, the sale of agricultural tractors accounted for 3.66% of the company's total revenue, Force Motors said

Ombudsman for aviation sector is a good idea: Air India CEO Campbell Wilson

The MoCA spokesperson had on March 18 said the ministry will call a meeting to "compile" the views of stakeholders and review the proposal regarding Ombudsman

Decision Point acquisition will help expand into Latin America: LatentView

Chennai-based LatentView Analytics, in a statement on Friday, said it would acquire the remaining 30 per cent stake in Decision Point over the next two years

RVNL-Salasar JV gets Rs 60 cr transmission project in central Africa

While Rail Vikas Nigam Ltd (RVNL) holds a 51 per cent stake in the joint venture, STEL owns the remaining 49 per cent

LIC to keep offices open on March 30, 31 to facilitate tax saving

Life Insurance Corporation will keep its offices open on March 30 and March 31 to facilitate taxpayers to complete tax saving exercise before the closing of the fiscal year

Byju's EGM: Shareholders don't object to raising authorised share capital

According to the sources, none of the miffed investors, who proposed to oust Byju's founder and family from the management seat, took part in the meeting

Air India Express will operate over 360 daily flights in summer schedule

The airline is in the process of completing the merger with AIX Connect (earlier known as AirAsia India) and the schedule includes flights of both carriers

Sumant Rampal appointed as head of HDFC Bank's mortgage business

Before the new role, Rampal was the Group Head - Business Banking Working Capital, Rural Banking Group, and Sustainability Livelihood Initiative at HDFC Bank

Kotak Mahindra Bank acquires 100% stake in Sonata Finance for Rs 537 crore

Sonata is operating in 10 states through 549 branches and has an Asset Under Management (AUM) of approximately Rs. 2,620 crore as of December 31, 2023, the exchange notification said

'Shortcuts everywhere': How Boeing favoured speed over quality

Boeing employees said the incident reflected longstanding problems. Several said employees often faced intense pressure to meet production deadlines, sometimes leading to questionable practices

Industry urges Supreme Court review on the Sterlite Copper verdict

Additionally, at the corporate level, it is a huge loss to Vedanta. On the other hand, protesters say that the Supreme court is unlikely to reconsider its reopening

NCLT refuses to stay Byju's EGM to raise capital through rights issue

According to sources at Byju's, the court was convinced by evidence submitted and arguments made by Byju's counsels, who made a case that the "only objective of the petitioners is to be restrictive"

HDFC Life gets GST demand orders of Rs 27 cr for short payment of taxes

The company said it will file appeals against the GST demand orders before the Appellate Authority

Income Tax department levies Rs 564 crore penalty on Bank of India

The bank is in the process of filing an appeal before the Commissioner of Income Tax, National Faceless Appeal Centre (NFAC) against the order, it said

Reliance picks up 26% stake in Adani's Mahan Energen power project

First instance of the two biz houses collaborating

Warburg Pincus exits IDFC First Bank, sells entire stake for Rs 1,195 cr

As of December 2023, Warburg Pincus through its affiliate holds a 2.25 per cent stake in Mumbai-headquarted IDFC First Bank, shareholding data showed with the BSE

Blackstone plans to invest $25 billion in India private equity asset

The New York-based firm also intends to bring on 20 more investment professionals to its asset management business in India and double its office space in Nariman Point in downtown Mumbai

Wipro aims to become AI-first firm; more than 220K trained in GenAI

Till date, over 220,000 of our employees have completed training on AI fundamentals and the responsible use of AI, said Subha Tatavarti, Chief Technology Officer, Wipro Ltd