Page 93 - Company News

Proofs show lenders misled on $533 million claim: Byju Raveendran

Edtech firm's founder plans $2.5 bn defamation suit against GLAS Trust, RP

TCS signs 5-year deal with SAP to modernise cloud and AI operations

TCS and SAP have agreed on a five-year collaboration to streamline enterprise IT, strengthen AI-led capabilities and accelerate innovation as clients shift savings from traditional contracts

Mount K Kapital raises 2nd realty fund worth ₹4K cr, to expand beyond MMR

The seven-year credit fund will back 10-15 projects across major cities, building on the firm's first Rs 790 crore vehicle

Decathlon India eyes 10-city qcom push, aims to double market share by 2030

Decathlon India is set to scale its Q-com offering to 10 more cities after successful pilots, while expanding large experience-led stores and targeting a doubling of its market share

Bolt sees 4-6 pp higher customer retention than platform average: Report

Bolt now accounts for a tenth of Swiggy's orders, with higher stickiness and wider restaurant onboarding

Arnifi expands India footprint with new Bengaluru office, plans to hire 100

This new setup, located in Bangalore, marks a major expansion of its presence in India, the founder said

HDFC Capital, Hero Realty set up ₹1K cr platform for mid-income housing

HDFC Capital has tied up with Hero Realty to build a Rs 1,000 crore mid-income housing platform aimed at accelerating development across Tier 1 and Tier 2 cities

Mahindra launches XEV 9S electric SUV at a starting price of ₹20 lakh

Bookings for the vehicle will open on January14, with deliveries starting on January 23, Mahindra, India's second-largest SUV manufacturer by volumes, said

Leela Palaces acquires 25% stake in Dubai's Sofitel The Palm FZE

Leela Palaces, Hotels and Resorts has taken its first major step overseas with a 25 per cent stake in Sofitel The Palm FZE, a luxury beachfront property on Palm Jumeirah

Airtel MD urges users to shift to its Payments Bank amid cyber fraud surge

Airtel MD Gopal Vittal has advised users to shift routine digital payments to Airtel Payments Bank, noting that keeping all transactions linked to one main account increases fraud vulnerability

Tesla aims to roll out new charging network to boost EV adoption in India

Tesla aims to make charging easier across India with new stations, encouraging more people to switch to electric vehicles

KKR-backed Serentica may raise up to $8 bn to double clean energy capacity

It currently has 2 GW of installed solar and wind capacity and 2 GW of capacity due to be commissioned within the next 10 months

Generic drugmakers to slash price plans as Novo cuts Wegovy rates

Novo Nordisk cut Wegovy prices by up to 37 per cent across different doses to compete with rival drug Mounjaro from Eli Lilly

Tata Power plans Rs 10,000 cr ingots and wafers plant in Odisha

The company, which currently has 4.55 GW of cell and module manufacturing capacity, aims to backward integrate ingots and wafers into its solar cell and panel production

Mahindra Holidays eyes to open first luxury Signature Resort in FY27

With its foray into the leisure hospitality segment, Mahindra Holidays & Resorts India Ltd (MHRIL) has increased its total number of targeted rooms to 12,000 by FY30

Paytm arm PPSL gets RBI approval to operate as payment aggregator

The banking regulator had also removed restrictions from Paytm Payments Services Limited on onboarding new merchants, which were imposed on the company on November 25, 2022

Patel Engineering gets ₹800 crore mining-related work order in Chhattisgarh

The company also looks to participate in business opportunities worth ₹18,000 crore expected to come up for bidding before the end of this financial year

Cloudextel secures ₹200 cr debt to boost AI-ready digital infrastructure

The capital infusion is complemented by a proportional follow-on equity investment from CloudExtel's existing shareholders to support its expansion plans, according to a company statement

Vodafone Idea unit cuts debt issue size, aims for December completion

The unit of India's third-largest wireless carrier will now raise around ₹3,200 crore ($359 million) through bond sales, down from ₹5,000 crore

Netflix outage hits users as Stranger Things season 5 drops today

Indian users across Tier-I cities, including New Delhi, Mumbai, Bengaluru, Hyderabad, and Kolkata, also reported problems with the app