Page 905 - Company News

Exide Industries further invests Rs 40 cr in advanced chemistry battery arm

The investment of Rs 39,99,99,975 has been made by way of subscription in the equity share capital of Exide Energy Solutions Ltd (EESL), on rights basis, Exide Industries said in a regulatory filing

Jupiter Wagons secures manufacturing order worth Rs 957 crore from Railways

The offer letter has been received from the Ministry of Railways, the wagon manufacturer said in an exchange filing

NCLAT green lights sale of Jet planes to Ace Aviation, JKC approaches SC

Ace approached the National Company Law Appellate Tribunal (NCLAT) two weeks ago seeking to expedite the sale of three aircraft in Mumbai in the same case

Vi deploys network to improve connectivity across Kolkata underwater metro

Vi has deployed network infrastructure across all 17 stations on the Green Line route, the company said

Manoj Chacko's Fly 91 gets air operator permit, routes under UDAN scheme

Under UDAN, the airline will connect Sindhudurg, Jalgaon, Nanded in Maharashtra and Agatti in Lakshadweep

'Mahindra Finance aims to nearly double non-vehicle loan book in FY25'

Currently, non-vehicle finance comprises 5%-6% of the company's loan book. The target will be met in phases and may not exceed 10% in 2024-25, Iyer said

Identity security firm IDfy raises $27 mn for business expansion

Company's products help in employee background verification, risk and fraud mitigation

Wipro GE Healthcare plans to launch 40 new products across the spectrum

The med-tech firm also collaborated with the Medanta group of hospitals to launch Tele-ICU services in India as Medanta e-ICU project

With growing economy, Siemens has high hopes from Indian biz, says exec

Rebellius, head of Siemens' Smart Infrastructure business, said India was a priority for future investments as it upgrades its electric grid and invests in renewable energy

Chargesheet filed against Chinese-origin directors in crypto mining case

A special court in Dimapur in Nagaland on Tuesday took cognisance of the prosecution complaint filed under the Prevention of Money Laundering Act (PMLA), the federal agency said in a statement

Adani Group in discussions to offer $1.2 billion more bonds by June

The company is discussing the planned transaction with arrangers and bankers

Identity platform IDfy secures $27 million, plans to further Asia footprint

IDfy said the funds will boost their expansion plans and product development, enabling them to serve even more businesses

Godrej Properties buys plots with Rs 20K cr revenue potential this fiscal

To expand business amid strong housing demand, realty firm Godrej Properties Ltd has acquired multiple land parcels so far this fiscal that have the potential to generate revenue of Rs 20,000 crore

Paytm's UPI transactions drop in February amid regulatory challenges

Overall UPI volumes of Paytm witnessed a marginal dip to 12.1 billion transactions compared to 12.2 billion transactions in January

Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans

Company has enough liquidity and there is no governance at play, says NBFC's managing director

World's first CNG bike launch likely in next quarter, says Rajiv Bajaj

Bajaj Auto, which has more than 30 percent market share in India's three-wheeler market, already has tasted success with CNG technology

General Motors, Magna, Wipro team up for automotive software marketplace

The joint venture, SDVerse, will link the buyers and sellers through a digital platform, where the software's features and attributes can be listed

Aiming to retain pole position in premium EV segment, says BYD India

The company, which entered the Indian market in 2022, currently sells two electric cars in India -- Atto 3 and e6, a multi-utility vehicle. Seal is the company's third offering

British conglomerate SayeNvest launches ops in India, to start $500 mn fund

The company aims to provide investment opportunities and drive sustainable development initiatives across diverse sectors

Kotak Life Insurance launches non-linked par product Kotak G.A.I.N

Private sector life insurer Kotak Life Insurance on Tuesday launched a non-linked participating product Kotak G.A.I.N which offers long-term saving or income