Page 928 - Company News

BlackBerry inaugurates IoT 'center of excellence, engineering' in Hyderabad

The facility is now fully operational, hosting software engineers and creating an Asia Pacific hub for the BlackBerry QNX global developer network, a release said here

Coal India may exceed capex target of Rs 16,500 crore for FY24: Govt

The capex target of NLC India Ltd (NLCIL) for the ongoing financial year is Rs 2,880 crore

Uber may soon deliver prepaid packages to your doorstep from local stores

However, it would only allow delivery of packages value less than Rs 5,000 and weighing less than 5 kilograms

Indian telecom gearmaker HFCL to set up optical fibre cable plant in Poland

HFCL's manufacturing unit in Poland will begin with a capacity of 3.25 million fibre km (fkm) and scalable up to 7 million fkm, with an initial capital outlay of up to Rs 144 crore

Digital banking infra provider Signzy buys Difenz at valuation of $5 mn

The acquisition also gives an exit to existing investor 8i Ventures, according to a release

Kilburn Engineering acquires turnkey solutions provider M E Energy

The acquisition, effective February 20, 2024, was made for an aggregate consideration of Rs 98.70 crore

BluSmart, Tata Power subsidiary sign agreement to source green power

This partnership with TPTCL will help BluSmart to eliminate Scope 2 emissions from its existing 1.4 million square feet of EV charging infrastructure and future charging hubs

Indian banks' rush for clients set for reckoning after Paytm fiasco

India stunned investors last month by abruptly suspending most activities of the banking affiliate of Paytm, a once high-flying fintech star that had attracted backing from Warren Buffett and SoftBank

Zee refutes report of Rs 2,000 crore accounting 'hole', calls it 'false'

A report on Wednesday said that the market regulator has found a "hole" of more than Rs 2,000 crore in the accounts of Zee Entertainment Enterprises Ltd

Wipro announces collab with Intel Foundry for chip design innovation

The collaboration comes amid rising demand for artificial intelligence chip manufacturing, Wipro said

Flipkart in talks to potentially acquire Reliance-backed startup Dunzo

Despite having raised approximately $500 million to date, Dunzo has faced increased competition in the hyperlocal delivery segment

Another blow to Zee Entertainment: Sebi uncovers $241 mn accounting issue

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about Rs 2,000 crore ($241 million) may have been diverted from the company

Hindalco Industries subsidiary Novelis files draft papers for US IPO

Novelis will not receive any proceeds from share sale

JSW Group, Volkswagen begin talks to set up electric vehicle joint venture

Talks with JSW came within days of the German carmaker announcing it would supply components for EVs and battery cells to Mahindra & Mahindra

Tata Steel, JSW Steel among bidders for mines under coal block auction

A total of 27 coal mines have been put up for auction in the ninth round of auction. A total of 33 bids were received for 13 coal mines

Look forward to seeing our leaders steer us to new heights: Flipkart CEO

Krishnamurthy said that Flipkart's growth in the past decade would have been impossible without their contribution

Paytm users may take up to 6 months to shift to other service providers

Fintech giant is planning to apply for third-party application provider licence

MCA notifies leniency plus regime under the Competition Act 2023

The current Act already contains a leniency provision

PayPal registers with FIU of India under anti-money laundering law

PayPal has also appointed a principal officer, as stipulated under the anti-money laundering law, for conducting official communication with the FIU

Cairn to double annual capital expenditure to $1 billion for 5 years

The oil and gas major plans to kick-start 12 projects in the country in FY25