Page 906 - Company News

Paytm PB failed to use mechanism for detecting suspicious transactions: FIU

The federal financial intelligence gathering and dissemination agency said in its March 1 order that these charges against the bank, a registered reporting entity with the FIU under the PMLA

Byju's Florida hedge fund ally may face jail time over missing $533 million

Lenders accuse Morton of helping Indian tech firm Think & Learn hide $533 million from them

Adani Power receives creditors' approval for Lanco Amarkantak Power buy

The thermal power producer is planning to aggressively expand its capacity, and this is the company's second acquisition under the insolvency resolution process in the financial year

Google to temporarily restore apps after meeting Ashwini Vaishnaw

The app developers and Google representatives have also agreed to establish a forum to facilitate ongoing dialogue aimed at reaching a resolution within the next 100-120 days, Khanor informed

On road to IPO, Udaan saw sales of over 2.25 billion products in 2023

1,500 sellers reach Rs 1 cr in transactions on eB2B platform

Tata Motors demerger a positive move, but no immediate gains seen

The company will be transformed into two listed firms with the commercial vehicles (CVs) business in one and passenger vehicles (PVs), including Jaguar Land Rover (JLR), in the other

Tata Sons listing: Tata Group stocks rally on hopes of value unlock

Automobile Corporation of Goa (ACG) gained the most at 14 per cent followed by Tata Chemicals and Tata Investment Corporation (TIC) at around 5 per cent each

'Companies can be isles of inclusion, have people of all castes, religion'

Speaking at a special event organized by the Godrej Group in the run-up to International Women's Day, Godrej said there is also a need for making workforces more gender-balanced

JSW Energy arm signs purchase agreement for battery energy storage

An energy storage system of 250 MW/500 MW means 250 MW of battery energy can provide power backup for two hours, giving a total output of 500 MW

Kedaara Capital, Partners Group sell 12.6% stake in Aavas Financiers

Private equity firm Kedaara Capital through its affiliate Lake District Holdings Ltd have sold the shares of Aavas Financiers

Adani Green Energy's $409-million bond sale oversubscribed 7 times

This transaction represents the first bond deal for Adani Group since September 2021 and follows the successful equity raise of over $1.4 billion, which was completed in December last year

Tata Sons can fetch Rs 7.8 trillion market valuation on listing: Report

The report stated that the listing can lead to the simplification of the complicated group-holding structure of the group

Byju's investors file caveats in SC expecting challenge to NCLT's order

MIH Edtech Investments BV, Peak XV Partners Investments, Sofina SA and General Atlantic Singapore TL Pte Ltd filed separate caveats in SC as a precautionary move

Expect India to be in our top 3 markets in 3 years, says Mercedes-Benz

The luxury car market in India could exceed 100,000 annual sales by 2030, says Region Overseas Head Sagree Sardien

I-T dept gives institutions time till Mar 31 to file correct audit reports

Income of any fund or institution or trust or any university or other educational institution or any hospital is exempt from income tax subject to fulfilment of certain conditions

FSSAI verifies McDonald's India uses 100% real cheese: Westlife Foodworld

FSSAI said in a release that the verification confirms after its assertion that it uses 100 per cent real cheese and not its substitute

HCLT's GenAI model to transform software development, engineering lifecycle

AI Force integrates robust security and governance measures, fostering secure innovation and growth at scale, a company statement said

BHEL bags order worth Rs 9,500 cr to set up 1,600 MW thermal project

The size of the order is more than Rs 9,500 crore, excluding GST (goods and services tax), BHEL said in a regulatory filing

Indian women earned over Rs 200 crore in 2023 through hosting on Airbnb

In 2023, women Hosts in India, constituting nearly 30 per cent of the country's Airbnb hosting community, have been instrumental in creating unique guest experiences, the company said in a statement

CIEL Group acquires strategic stake in Courseplay, plans IPO in FY25

HR solutions provider says acquisition will help it expand business abroad